Market Forecast by Structure (built in and countertop), By Type (convection microwave oven, grill microwave oven and solo microwave oven) By Application (commercial and household) and By Key Countries (United States and Canada) and Competitive Landscape
Product Code: ETC054290 | Publication Date: Mar 2021 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
North America Microwave Oven Market is anticipated to gain significant growth potential in the coming time zone on the back of an increase in the growth of less time-consuming food heating options. However, the product is only limited to heating application only, the adoption of the same is a bit low in the North American countries, whereas, its other counterpart like a basic oven has already won the bid and has a vast popularity and is gaining sound growth prospects, which is, no doubt, anticipated to be a slow growth contributor for the product market in the coming time zone as it has been in the last few years. Although, the market has grown significantly in the past few years underpinned by the massive adoption of the same as a necessary household appliance, but now, since the market is already in a drive for a mature market position, the growth is expected to be at a moderate rate in the impending period.
According to 6Wresearch, the North America Microwave Oven Market size is anticipated to register growth during 2020-26. The outbreak of the novel coronavirus has led to disruptions in many of the business industrial landscapes and has traversed the market for the product as well. The product market is expected to register a shortfall in demand during 2020, due to the global pandemic COVID-19, which has led to a complete lockdown during the first half of 2020, and is likely to hamper the productivity along with income suffrage for many of the natives across the region and is likely expected to act as a restraint for the growth of the Structure market. Changing consumer behavior, tight budgets, limited access to fresh foods, escalating needs for hygiene, increase demand for convenience of cooking by consumers and rising preferences of the natives towards consumption of healthy food are the potential drivers of the Structure market and are expected to trigger the sound market growth in the upcoming six years.
Built in Microwave oven segment is expected to gain significant growth potential in the overall product market in the coming time zone.
With massive urbanization and the enhanced construction of new infrastructure integrated households, the increase in the growth of smart appliances with less space occupying options is increasing which is anticipated to be a growth proliferator for built in microwave ovens in the overall region. Also, the increase in the per capita income to spend over smart and convenient house appliances is leading to a spur in the growth for advanced structure-based microwave ovens and is anticipated to be a growth driver for the market in the coming time zone.
Another growth proliferating factor for the market is the increase in the rise in the disposable income and increased efficacy towards modern infrastructure. Also, for the market structure, the market competitive landscape is consolidated with only few players present and indulged in the manufacture of microwave ovens which is expected to bring in new opportunities for new entrants of the market to go for untapped regions in the developed countries of the region and find a robust business competitive landscape for the potential investors of the market in the forthcoming years.
The North America Microwave Oven Market report thoroughly covers the market by Application, Structure and countries including United States and Canada. The market report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
Markets Covered
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. North America Microwave Oven Market Overview |
3.1 Country Indicators |
3.2 North America Microwave Oven Market Revenue and Volume, 2016-2026F |
3.3 North America Microwave Oven Market Revenue Share, By Type, 2016 & 2026F |
3.4 North America Microwave Oven Market Revenue Share, By Structure, 2016 & 2026F |
3.5 North America Microwave Oven Market Revenue Share, By Application, 2016 & 2026F |
3.6 North America Microwave Oven Market - Industry Life Cycle |
3.7 North America Microwave Oven Market - Porter’s Five Forces |
4. North America Microwave Oven Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. North America Microwave Oven Market Trends |
6. North America Microwave Oven Market Overview, by Type |
6.1 North America Microwave Oven Market Revenues and Volume, By Convection Microwave Oven, 2016-2026F |
6.2 North America Microwave Oven Market Revenues and Volume, By Grill Microwave Oven, 2016-2026F |
6.3 North America Microwave Oven Market Revenues and Volume, By Solo Microwave Oven, 2016-2026F |
7. North America Microwave Oven Market Overview, by Structure |
7.1 North America Microwave Oven Market Revenue and Volumes, By Built-in, 2016-2026F |
7.2 North America Microwave Oven Market Revenue and Volumes, By Counter Top, 2016-2026F |
8. North America Microwave Oven Market Overview, by Application |
8.1 North America Microwave Oven Market Revenue and Volumes, By Commercial, 2016-2026F |
8.2 North America Microwave Oven Market Revenue and Volumes, By Household, 2016-2026F |
9. United States Microwave Oven Market Overview |
9.1 United States Microwave Oven Market Revenue and Volume, 2016-2026F |
9.2 United States Microwave Oven Market Revenue Share, By Type, 2016 & 2026F |
9.3 United States Microwave Oven Market Revenue Share, By Structure, 2016 & 2026F |
9.4 United States Microwave Oven Market Revenue Share, By Application, 2016 & 2026F |
10. Canada Microwave Oven Market Overview |
10.1 Canada Microwave Oven Market Revenue and Volume, 2016-2026F |
10.2 Canada Microwave Oven Market Revenue and Volume, By Type, 2016-2026F |
10.3 Canada Microwave Oven Market Revenue and Volume, By Structure, 2016-2026F |
10.4 Canada Microwave Oven Market Revenue and Volume, By Application, 2016-2026F |
11. North America Microwave Oven Market Key Performance Indicators |
12. North America Microwave Oven Market Competitive Landscape |
12.1 North America Microwave Oven Market By Companies, 2014 |
12.2 United States Microwave Oven Market By Companies, 2014 |
12.3 Canada Microwave Oven Market By Companies, 2014 |
13. Company Profiles |
14. Key Strategic Recommendations |
15. Disclaimer |