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North America Microwave Oven Market Size, Share & Industry Trends Analysis Report By Product Type (Convection, Grill, and Solo), By Application (Household, and Commercial), By Structure (Counter Top, and Built-In), By Country and Growth Forecast, 2023 - 2030

Published Date : 12-Dec-2023

Pages: 126

Formats: PDF

The North America Microwave Oven Market would witness market growth of 4.6% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 7,906.4 thousand units, showcasing a growth of 5.1% (2019-2022).

The growth of the middle-class population with rising disposable incomes, especially in emerging economies, has contributed to the increased adoption of kitchen appliances, including microwave ovens. Higher disposable income means consumers have more money for non-essential purchases, including kitchen appliances. Microwave ovens, convenient and time-saving appliances, have become more affordable and accessible to a larger consumer base. Consumers with higher disposable incomes are more inclined to replace or enhance their existing kitchen appliances, especially microwave ovens. This leads to increased sales as people seek the latest features and technologies. As disposable income rises, individuals may allocate more funds to improving their living spaces. Upgrading kitchen appliances, including microwave ovens, is a common consideration as people seek to enhance the efficiency and aesthetics of their homes.

Consumers are becoming more health-conscious, leading to a demand for appliances that support healthy cooking practices. Microwave ovens with features like steam cooking and precise temperature control cater to this growing trend. Microwave ovens are known for their ability to cook vegetables quickly, helping to preserve more nutrients compared to traditional cooking methods. The ability to cook vegetables with minimal water helps retain vitamins and minerals. Microwave cooking often requires less or no additional fats or oils than conventional methods. This aligns with reducing unhealthy cooking fats, contributing to healthier meal preparation.

Canada's diverse population may have varying cultural preferences and cooking habits. With their adaptability to different cuisines and cooking styles, microwave ovens can cater to the diverse needs of an expanding population in Canada. Canada has seen changes in lifestyle patterns, with an increasing number of people leading busy lives. Microwave ovens offer a quick and convenient solution for cooking and reheating meals, aligning with the demands of modern lifestyles in Canada. The trend toward urbanization often leads to smaller living spaces and a higher demand for compact and efficient kitchen appliances in Canada. These factors will propel the growth of the market across the North America region in the upcoming years.

The US market dominated the North America Microwave Oven Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,902.6 million by 2030. The Canada market is registering a CAGR of 7% during (2023 - 2030). Additionally, The Mexico market would showcase a CAGR of 6% during (2023 - 2030).

Based on Product Type, the market is segmented into Convection, Grill, and Solo. Based on Application, the market is segmented into Household, and Commercial. Based on Structure, the market is segmented into Counter Top, and Built-In. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

Free Valuable Insights: The Microwave Oven Market is Predict to reach $16.8 Billion by 2030, at a CAGR of 5.4%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Panasonic Holdings Corporation, Whirlpool Corporation, LG Corporation, Samsung Electronics Co. Ltd. (Samsung Group), Alto Shaam, Inc., AB Electrolux, Techtronic Industries Co., Ltd., Illinois Tool Works Inc., Hon Hai Precision Industry Co., Ltd., Sharp Corporation

Scope of the Study

Market Segments Covered in the Report:

By Product Type (Volume, Thousand Units, USD Billion, 2019 to 2030)

  • Convection
  • Grill
  • Solo

By Application (Volume, Thousand Units, USD Billion, 2019 to 2030)

  • Household
  • Commercial

By Structure (Volume, Thousand Units, USD Billion, 2019 to 2030)

  • Counter Top
  • Built-In

By Country (Volume, Thousand Units, USD Billion, 2019 to 2030)

  • US
  • Canada
  • Mexico
  • Rest of North America

Key Market Players

List of Companies Profiled in the Report:

  • Panasonic Holdings Corporation
  • Whirlpool Corporation
  • LG Corporation
  • Samsung Electronics Co. Ltd. (Samsung Group)
  • Alto Shaam, Inc.
  • AB Electrolux
  • Techtronic Industries Co., Ltd.
  • Illinois Tool Works Inc.
  • Hon Hai Precision Industry Co., Ltd.
  • Sharp Corporation
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Microwave Oven Market, by Product Type
1.4.2 North America Microwave Oven Market, by Application
1.4.3 North America Microwave Oven Market, by Structure
1.4.4 North America Microwave Oven Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter Five Forces Analysis

Chapter 4. Strategies Deployed in Microwave Oven Market.

Chapter 5. North America Microwave Oven Market, By Product Type
5.1 North America Convection Market, By Country
5.2 North America Grill Market, By Country
5.3 North America Solo Market, By Country

Chapter 6. North America Microwave Oven Market, By Application
6.1 North America Household Market, By Country
6.2 North America Commercial Market, By Country

Chapter 7. North America Microwave Oven Market, By Structure
7.1 North America Counter Top Market, By Country
7.2 North America Built-In Market, By Country

Chapter 8. North America Microwave Oven Market, By Country
8.1 US Microwave Oven Market
8.1.1 US Microwave Oven Market, By Product Type
8.1.2 US Microwave Oven Market, By Application
8.1.3 US Microwave Oven Market, By Structure
8.2 Canada Microwave Oven Market
8.2.1 Canada Microwave Oven Market, By Product Type
8.2.2 Canada Microwave Oven Market, By Application
8.2.3 Canada Microwave Oven Market, By Structure
8.3 Mexico Microwave Oven Market
8.3.1 Mexico Microwave Oven Market, By Product Type
8.3.2 Mexico Microwave Oven Market, By Application
8.3.3 Mexico Microwave Oven Market, By Structure
8.4 Rest of North America Microwave Oven Market
8.4.1 Rest of North America Microwave Oven Market, By Product Type
8.4.2 Rest of North America Microwave Oven Market, By Application
8.4.3 Rest of North America Microwave Oven Market, By Structure

Chapter 9. Company Profiles
9.1 Panasonic Holdings Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 Whirlpool Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 Research & Development Expense
9.2.5 SWOT Analysis
9.3 LG Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.6 SWOT Analysis
9.4 Samsung Electronics Co., Ltd. (Samsung Group)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 SWOT Analysis
9.5 Alto-Shaam, Inc.
9.5.1 Company Overview
9.5.2 SWOT Analysis
9.6 AB Electrolux
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 SWOT Analysis
9.7 Techtronic Industries Co., Ltd.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 SWOT Analysis
9.8 Illinois Tools Works, Inc.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 SWOT Analysis
9.9 Hon Hai Precision Industry Co., Ltd.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Research & Development Expenses
9.9.4 Recent strategies and developments:
9.9.4.1 Acquisition and Mergers:
9.9.5 SWOT Analysis
9.10. Sharp Corporation
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental & Regional Analysis
9.10.4 Research & Development Expense
9.10.5 Recent strategies and developments:
9.10.5.1 Product Launches and Product Expansions:
9.10.6 SWOT Analysis
TABLE 1 North America Microwave Oven Market, 2019 - 2022, USD Million
TABLE 2 North America Microwave Oven Market, 2023 - 2030, USD Million
TABLE 3 North America Microwave Oven Market, 2019 - 2022, Thousand Units
TABLE 4 North America Microwave Oven Market, 2023 - 2030, Thousand Units
TABLE 5 North America Microwave Oven Market, By Product Type, 2019 - 2022, USD Million
TABLE 6 North America Microwave Oven Market, By Product Type, 2023 - 2030, USD Million
TABLE 7 North America Microwave Oven Market, By Product Type, 2019 - 2022, Thousand Units
TABLE 8 North America Microwave Oven Market, By Product Type, 2023 - 2030, Thousand Units
TABLE 9 North America Convection Market, By Country, 2019 - 2022, USD Million
TABLE 10 North America Convection Market, By Country, 2023 - 2030, USD Million
TABLE 11 North America Convection Market, By Country, 2019 - 2022, Thousand Units
TABLE 12 North America Convection Market, By Country, 2023 - 2030, Thousand Units
TABLE 13 North America Grill Market, By Country, 2019 - 2022, USD Million
TABLE 14 North America Grill Market, By Country, 2023 - 2030, USD Million
TABLE 15 North America Grill Market, By Country, 2019 - 2022, Thousand Units
TABLE 16 North America Grill Market, By Country, 2023 - 2030, Thousand Units
TABLE 17 North America Solo Market, By Country, 2019 - 2022, USD Million
TABLE 18 North America Solo Market, By Country, 2023 - 2030, USD Million
TABLE 19 North America Solo Market, By Country, 2019 - 2022, Thousand Units
TABLE 20 North America Solo Market, By Country, 2023 - 2030, Thousand Units
TABLE 21 North America Microwave Oven Market, By Application, 2019 - 2022, USD Million
TABLE 22 North America Microwave Oven Market, By Application, 2023 - 2030, USD Million
TABLE 23 North America Microwave Oven Market, By Application, 2019 - 2022, Thousand Units
TABLE 24 North America Microwave Oven Market, By Application, 2023 - 2030, Thousand Units
TABLE 25 North America Household Market, By Country, 2019 - 2022, USD Million
TABLE 26 North America Household Market, By Country, 2023 - 2030, USD Million
TABLE 27 North America Household Market, By Country, 2019 - 2022, Thousand Units
TABLE 28 North America Household Market, By Country, 2023 - 2030, Thousand Units
TABLE 29 North America Commercial Market, By Country, 2019 - 2022, USD Million
TABLE 30 North America Commercial Market, By Country, 2023 - 2030, USD Million
TABLE 31 North America Commercial Market, By Country, 2019 - 2022, Thousand Units
TABLE 32 North America Commercial Market, By Country, 2023 - 2030, Thousand Units
TABLE 33 North America Microwave Oven Market, By Structure, 2019 - 2022, USD Million
TABLE 34 North America Microwave Oven Market, By Structure, 2023 - 2030, USD Million
TABLE 35 North America Microwave Oven Market, By Structure, 2019 - 2022, Thousand Units
TABLE 36 North America Microwave Oven Market, By Structure, 2023 - 2030, Thousand Units
TABLE 37 North America Counter Top Market, By Country, 2019 - 2022, USD Million
TABLE 38 North America Counter Top Market, By Country, 2023 - 2030, USD Million
TABLE 39 North America Counter Top Market, By Country, 2019 - 2022, Thousand Units
TABLE 40 North America Counter Top Market, By Country, 2023 - 2030, Thousand Units
TABLE 41 North America Built-In Market, By Country, 2019 - 2022, USD Million
TABLE 42 North America Built-In Market, By Country, 2023 - 2030, USD Million
TABLE 43 North America Built-In Market, By Country, 2019 - 2022, Thousand Units
TABLE 44 North America Built-In Market, By Country, 2023 - 2030, Thousand Units
TABLE 45 North America Microwave Oven Market, By Country, 2019 - 2022, USD Million
TABLE 46 North America Microwave Oven Market, By Country, 2023 - 2030, USD Million
TABLE 47 North America Microwave Oven Market, By Country, 2019 - 2022, Thousand Units
TABLE 48 North America Microwave Oven Market, By Country, 2023 - 2030, Thousand Units
TABLE 49 US Microwave Oven Market, 2019 - 2022, USD Million
TABLE 50 US Microwave Oven Market, 2023 - 2030, USD Million
TABLE 51 US Microwave Oven Market, 2019 - 2022, Thousand Units
TABLE 52 US Microwave Oven Market, 2023 - 2030, Thousand Units
TABLE 53 US Microwave Oven Market, By Product Type, 2019 - 2022, USD Million
TABLE 54 US Microwave Oven Market, By Product Type, 2023 - 2030, USD Million
TABLE 55 US Microwave Oven Market, By Product Type, 2019 - 2022, Thousand Units
TABLE 56 US Microwave Oven Market, By Product Type, 2023 - 2030, Thousand Units
TABLE 57 US Microwave Oven Market, By Application, 2019 - 2022, USD Million
TABLE 58 US Microwave Oven Market, By Application, 2023 - 2030, USD Million
TABLE 59 US Microwave Oven Market, By Application, 2019 - 2022, Thousand Units
TABLE 60 US Microwave Oven Market, By Application, 2023 - 2030, Thousand Units
TABLE 61 US Microwave Oven Market, By Structure, 2019 - 2022, USD Million
TABLE 62 US Microwave Oven Market, By Structure, 2023 - 2030, USD Million
TABLE 63 US Microwave Oven Market, By Structure, 2019 - 2022, Thousand Units
TABLE 64 US Microwave Oven Market, By Structure, 2023 - 2030, Thousand Units
TABLE 65 Canada Microwave Oven Market, 2019 - 2022, USD Million
TABLE 66 Canada Microwave Oven Market, 2023 - 2030, USD Million
TABLE 67 Canada Microwave Oven Market, 2019 - 2022, Thousand Units
TABLE 68 Canada Microwave Oven Market, 2023 - 2030, Thousand Units
TABLE 69 Canada Microwave Oven Market, By Product Type, 2019 - 2022, USD Million
TABLE 70 Canada Microwave Oven Market, By Product Type, 2023 - 2030, USD Million
TABLE 71 Canada Microwave Oven Market, By Product Type, 2019 - 2022, Thousand Units
TABLE 72 Canada Microwave Oven Market, By Product Type, 2023 - 2030, Thousand Units
TABLE 73 Canada Microwave Oven Market, By Application, 2019 - 2022, USD Million
TABLE 74 Canada Microwave Oven Market, By Application, 2023 - 2030, USD Million
TABLE 75 Canada Microwave Oven Market, By Application, 2019 - 2022, Thousand Units
TABLE 76 Canada Microwave Oven Market, By Application, 2023 - 2030, Thousand Units
TABLE 77 Canada Microwave Oven Market, By Structure, 2019 - 2022, USD Million
TABLE 78 Canada Microwave Oven Market, By Structure, 2023 - 2030, USD Million
TABLE 79 Canada Microwave Oven Market, By Structure, 2019 - 2022, Thousand Units
TABLE 80 Canada Microwave Oven Market, By Structure, 2023 - 2030, Thousand Units
TABLE 81 Mexico Microwave Oven Market, 2019 - 2022, USD Million
TABLE 82 Mexico Microwave Oven Market, 2023 - 2030, USD Million
TABLE 83 Mexico Microwave Oven Market, 2019 - 2022, Thousand Units
TABLE 84 Mexico Microwave Oven Market, 2023 - 2030, Thousand Units
TABLE 85 Mexico Microwave Oven Market, By Product Type, 2019 - 2022, USD Million
TABLE 86 Mexico Microwave Oven Market, By Product Type, 2023 - 2030, USD Million
TABLE 87 Mexico Microwave Oven Market, By Product Type, 2019 - 2022, Thousand Units
TABLE 88 Mexico Microwave Oven Market, By Product Type, 2023 - 2030, Thousand Units
TABLE 89 Mexico Microwave Oven Market, By Application, 2019 - 2022, USD Million
TABLE 90 Mexico Microwave Oven Market, By Application, 2023 - 2030, USD Million
TABLE 91 Mexico Microwave Oven Market, By Application, 2019 - 2022, Thousand Units
TABLE 92 Mexico Microwave Oven Market, By Application, 2023 - 2030, Thousand Units
TABLE 93 Mexico Microwave Oven Market, By Structure, 2019 - 2022, USD Million
TABLE 94 Mexico Microwave Oven Market, By Structure, 2023 - 2030, USD Million
TABLE 95 Mexico Microwave Oven Market, By Structure, 2019 - 2022, Thousand Units
TABLE 96 Mexico Microwave Oven Market, By Structure, 2023 - 2030, Thousand Units
TABLE 97 Rest of North America Microwave Oven Market, 2019 - 2022, USD Million
TABLE 98 Rest of North America Microwave Oven Market, 2023 - 2030, USD Million
TABLE 99 Rest of North America Microwave Oven Market, 2019 - 2022, Thousand Units
TABLE 100 Rest of North America Microwave Oven Market, 2023 - 2030, Thousand Units
TABLE 101 Rest of North America Microwave Oven Market, By Product Type, 2019 - 2022, USD Million
TABLE 102 Rest of North America Microwave Oven Market, By Product Type, 2023 - 2030, USD Million
TABLE 103 Rest of North America Microwave Oven Market, By Product Type, 2019 - 2022, Thousand Units
TABLE 104 Rest of North America Microwave Oven Market, By Product Type, 2023 - 2030, Thousand Units
TABLE 105 Rest of North America Microwave Oven Market, By Application, 2019 - 2022, USD Million
TABLE 106 Rest of North America Microwave Oven Market, By Application, 2023 - 2030, USD Million
TABLE 107 Rest of North America Microwave Oven Market, By Application, 2019 - 2022, Thousand Units
TABLE 108 Rest of North America Microwave Oven Market, By Application, 2023 - 2030, Thousand Units
TABLE 109 Rest of North America Microwave Oven Market, By Structure, 2019 - 2022, USD Million
TABLE 110 Rest of North America Microwave Oven Market, By Structure, 2023 - 2030, USD Million
TABLE 111 Rest of North America Microwave Oven Market, By Structure, 2019 - 2022, Thousand Units
TABLE 112 Rest of North America Microwave Oven Market, By Structure, 2023 - 2030, Thousand Units
TABLE 113 Key Information – panasonic holdings corporation
TABLE 114 Key information – Whirlpool Corporation
TABLE 115 Key Information – LG Corporation
TABLE 116 Key Information – Samsung Electronics Co., Ltd.
TABLE 117 Key Information – Alto-Shaam, inc.
TABLE 118 Key Information – AB Electrolux
TABLE 119 Key Information – Techtronic Industries Co., Ltd.
TABLE 120 Key Information – Illinois Tool Works, Inc.
TABLE 121 Key Information – Hon Hai Precision Industry Co., Ltd.
TABLE 122 Key Information – Sharp Corporation

List of Figures
FIG 1 Methodology for the research
FIG 2 North America Microwave Oven Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Microwave Oven Market
FIG 4 Porter’s Five Forces Analysis – Microwave oven market
FIG 5 North America Microwave Oven Market share, By Product Type, 2022
FIG 6 North America Microwave Oven Market share, By Product Type, 2030
FIG 7 North America Microwave Oven Market, By Product Type, 2019 - 2030, USD Million
FIG 8 North America Microwave Oven Market share, By Application, 2022
FIG 9 North America Microwave Oven Market share, By Application, 2030
FIG 10 North America Microwave Oven Market, By Application, 2019 - 2030, USD Million
FIG 11 North America Microwave Oven Market share, By Structure, 2022
FIG 12 North America Microwave Oven Market share, By Structure, 2030
FIG 13 North America Microwave Oven Market, By Structure, 2019 - 2030, USD Million
FIG 14 North America Microwave Oven Market share, By Country, 2022
FIG 15 North America Microwave Oven Market share, By Country, 2030
FIG 16 North America Microwave Oven Market, By Country, 2019 - 2030, USD Million
FIG 17 Recent strategies and developments: Panasonic Holdings Corporation
FIG 18 SWOT Analysis: Panasonic Holdings Corporation
FIG 19 SWOT Analysis: Whirlpool Corporation
FIG 20 Swot analysis: LG Corporation
FIG 21 SWOT Analysis: Samsung Electronics Co., Ltd
FIG 22 SWOT Analysis: Alto-shaam, inc
FIG 23 SWOT Analysis: AB Electrolux
FIG 24 SWOT Analysis: Techtronic Industries Co., Ltd
FIG 25 SWOT Analysis: Illinois Tool Works, Inc
FIG 26 SWOT Analysis: Hon Hai Precision Industry Co. Ltd
FIG 27 SWOT Analysis: Sharp Corporation

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