Microwave Oven Industry in the US to 2026

DUBLIN, February 17, 2022 / PRNewswire / – “The United States Microwave Market, by Product (Convection, Grill and Solo), by Application (Household and Commercial), by Structure (Separate and Built-in), by Distribution Channels (Store-Based, Non-Store Report) ), by regions, competition, forecasts and opportunities, 2026F “was added to ResearchAndMarkets.com offer.

The U.S. microwave market has been valued at 7233.58 million US dollars in 2020 at a CAGR of 4.18%. The market is expected to grow further with a CAGR of 4.72% over the forecast period, 2022-2026, which can be attributed to the increased use of microwave ovens for the daily food needs of the country’s population.

The country’s increasingly young population, leading a busy lifestyle with a long busy schedule, is heavily dependent on microwave ovens for cooking, which is driving the growth of the microwave oven market in the United States over the next five years. Advantages of the microwave oven, such as widespread use, the ability to reduce cooking and baking time without heating the ambient air, contribute to the further growth of the microwave oven market in the United States over the next five years.

In addition, rising consumer awareness and increasing consumer purchasing power are expected to increase demand for microwave ovens in the country and thus justify the growth of the US microwave market in the next five years. Consistent research and technological progress are also major drivers of market growth. Existing market players have allocated their resources and financial support in the form of state aid, favorable schemes also help the US microwave market in the forecast years, until 2027. Technological advances such as smart display, touch control, and automatic menus have a number of pre-installed programs, thus influencing consumer preferences over the product and stimulating the growth of the U.S. microwave market during the forecast period.

The microwave market in the United States is segmented based on product, application, structure, distribution channel, and region. Depending on the product, the market is further divided into convection, grill and solo. Microwave grills are expected to capture the fastest growing CAGR in the next five years due to increased demand for a combination of microwave grill services such as electric grill technology and combination grill. Convection microwave ovens are expected to occupy the largest share of profits in the market and dominate the market segment in the next five years due to increasing consumer preferences. In addition, it is expected that the availability of advanced technology in the microwave oven with convection will contribute to the growth of the microwave oven market in the US in the next five years.

The main players operating in USA The microwave market is Whirlpool Corporation, Electrolux Home Products, Inc., Samsung Electronics America, Inc., BSH Home Appliances Corporation, LG Electronics USAInc., Haier US Appliance Solutions, Inc., Panasonic Corporation North America, ILINOIS TOOL WORKS INC., Sharp Electronics Corporation and Breville USAInc. These companies are developing advanced technologies and producing new microwave ovens with lower energy consumption to stay competitive in the market.

Years considered for this report:

  • Historical years: 2016-2019
  • Base year: 2020
  • Estimated year: 2021
  • Forecast period: 2022-2026

The purpose of the study:

  • To analyze the historical growth of the microwave market in the US from 2016 to 2020.
  • To estimate and forecast the size of the microwave market in the US from 2021 to 2026 and the growth rate until 2026.
  • Classify and predict the U.S. microwave market based on product, application, structure, distribution channel, regional distribution, and company.
  • To study competitive developments such as expansion, new product launch, mergers and acquisitions, etc., in USA Microwave market.
  • To determine the dominant area or segment in USA Microwave market.
  • To identify drivers and challenges for the United States microwave market.
  • To identify and analyze the profile of the leading players working in USA Microwave market.
  • To identify key sustainable strategies adopted by market players USA Microwave market.

The main topics covered:

1. Product review

2. Research methodology

3. The impact of COVID-19 on the microwave oven market in the United States

4. Summary

5. Customer’s voice
5.1. Factors influencing the purchase decision
5.2. Brand awareness

6. Prospects for the US microwave oven market
6.1. Market size and forecast
6.1.1. By value
6.2. Market share and forecast
6.2.1. By products (convection, grill, solo)
6.2.2. On request (household, commercial)
6.2.3. By structure (freestanding, built-in)
6.2.4. By distribution channel (store-based, off-store)
6.2.5. By regions
6.3. Market map

7. Prospects for the autonomous microwave oven market in the United States
7.1. Market size and forecast
7.1.1. By value
7.2. Market share and forecast
7.2.1. On request
7.2.2. Through the distribution channel

8. Prospects for the market for built-in microwave ovens in the United States
8.1. Market size and forecast
8.1.1. By value
8.2. Market share and forecast
8.2.1. On request
8.2.2. Through the distribution channel

9. Market dynamics
9.1. Drivers
9.2. Problems

10. Market trends and developments

11. Politics and regulatory landscape

12. US economic profile

13. Competitive landscape
13.1. Whirlpool Corporation
13.2. Electrolux Home Products, Inc.
13.3. Samsung Electronics America, Inc.
13.4. BSH Home Appliances Corporation
13.5. LG Electronics USAInc.
13.6. Haier US Appliance Solutions, Inc.
13.7. Panasonic Corporation North America
13.9. Sharp Electronics Corporation
13.10. Breville USAInc.
13.11. Sunbeam Products, Inc.
13.12. Alto-Shaam, Inc.
13.13. MCA Corporation
13.14. Galanz Americas Limited
13.15. Hoover Limited

14. Strategic recommendations

For more information on this report, visit https://www.researchandmarkets.com/r/kntbsd

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