World Microwave Oven Market Opportunities and Forecasts, 2014 - 2020: Market is Expected to Reach $25.4 billion, by 2020
DUBLIN, Sept. 2, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/8w66sw/world_microwave) has announced the addition of the "World Microwave Oven Market - Opportunities and Forecasts, 2014 - 2020" report to their offering.
The global Microwave Oven market is expected to generate revenue of $25.4 billion by 2020, growing at a CAGR of 6.07% during the forecast period, 2015-2020. Increasing disposable income paired with rising number of working population has majorly contributed to the growth microwave oven market, worldwide.
The microwave oven market primarily includes three main types of ovens which include convection, grill and solo microwave oven. The convection microwave oven holds the largest market share in the global microwave oven market. Whereas, grill microwave ovens occupy the second position, with 30% of the overall market share. Solo microwave ovens are used for cooking and heating purposes. However, they are not capable of providing browning and crispiness to the food as they are not equipped with grilling features. The convection microwave oven is equipped with heating element and a fan, hence is used for cooking and baking purposes. These factors would largely drive the global convection microwave oven market, during the forecast period to generate an expected revenue of $12.54 billion by 2020.
Key findings of the study:
- The global microwave oven market is growing as a result of the increasing disposable income, changing living standard of consumers and rise in working class segmen - Convection market is the major contributor to the microwave oven market, growing at a CAGR of 6.54% during 2015-2020 - The household microwave oven market would grow at a CAGR of 6.43% during the forecast period - North America enjoys the largest share in the global microwave oven market - Asia-Pacific would prove to be one of the most profitable markets, in terms of growth
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Market Overview
Chapter 3 World Microwave Oven Market by Product Type
Chapter 4 World Microwave Oven Market by Application
Chapter 5 World Microwave Oven Market by Structure
Chapter 6 World Microwave Oven Market by Geography
Chapter 7 Company Profiles
- AB Electrolux
- Alto-Shaam Inc.
- Galanz Enterprise Group
- Hoover Limited
- Illinois Tool Works Inc.
- LG Electronics
- Panasonic Corporation
- Samsung Electronics
- Sharp Corporation
- Whirlpool Corporation
For more information visit
http://www.researchandmarkets.com/research/8w66sw/world_microwave
Media Contact:
Laura Wood, +353-1-481-1716, press@researchandmarkets.net
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