In-built Microwave Oven Market was valued at USD 5.3 Billion in 2022 and is projected to reach USD 8.1 Billion by 2030, growing at a CAGR of 6.8% from 2024 to 2030.
Between 2018 and 2022, the in-built microwave oven market saw a rise in demand as manufacturers focused on improving energy efficiency, enhancing user interfaces, and incorporating smart technology. The introduction of features such as Wi-Fi connectivity, touch screens, and voice command compatibility has driven sales among tech-savvy consumers. Additionally, the rise of premium, multi-functional in-built ovens that can bake, roast, grill, and steam has further expanded the consumer base. The demand for these advanced models has increased due to their versatility, allowing users to save space while enjoying a wide range of cooking options.
However, despite the steady growth in the past few years, the outlook for the in-built microwave oven market from 2023 to 2033 is expected to face new challenges and opportunities. As consumer preferences continue to evolve, the demand for in-built microwave ovens is likely to remain strong, particularly in developing regions with rising disposable incomes and expanding middle-class populations. However, factors such as rising raw material costs, competition from alternative cooking technologies, and shifting consumer preferences for eco-friendly products could influence market dynamics.
The market’s growth will be driven by advancements in energy-efficient technologies, the increasing popularity of smart kitchen appliances, and ongoing innovations in design and functionality. New entrants, as well as established brands, are expected to explore opportunities in the emerging markets where urbanization rates are high and the demand for space-saving, multi-purpose appliances is growing. With growing environmental awareness, manufacturers will also focus on creating products that are more energy-efficient and environmentally sustainable to meet the evolving needs of eco-conscious consumers.
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The global in-built microwave oven market has witnessed significant growth from 2018 to 2022, driven by the increasing demand for convenience appliances, technological advancements, and a growing preference for compact kitchen solutions. With the rapid pace of urbanization and changing lifestyles, consumers are increasingly opting for space-efficient kitchen appliances, such as in-built microwave ovens. These products not only cater to the need for quick meal preparation but also add to the aesthetic appeal of modern kitchens. The market has been further bolstered by the rising trend of modular kitchens and smart homes, which integrate appliances into a seamless living experience.
Bosch
Electrolux
GE
LG
Whirlpool
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global In-built Microwave Oven Market
Restaurant
Home
Based on Types the Market is categorized into Below types that held the largest In-built Microwave Oven market share In 2023.
22 ltr
25 ltr
28 ltr
32 ltr
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global In-built Microwave Oven Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global In-built Microwave Oven Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global In-built Microwave Oven Market, By Type
6. Global In-built Microwave Oven Market, By Application
7. Global In-built Microwave Oven Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global In-built Microwave Oven Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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