Question 1

Who are some of the prominent players in the microwave oven industry?

Accepted Answer

Key players in the industry include Alto-Shaam Inc., Bajaj, Bosch, Breville, Candy, Electrolux AB, Frigidaire, GE Appliances, and LG Electronics.

Question 2

What is the size of the U.S. microwave oven industry?

Accepted Answer

The U.S. microwave oven market was valued at USD 2.2 billion in 2024 and is anticipated to grow at a CAGR of 4% from 2025 to 2034, supported by a high ownership rate of over 90% among households.

Question 3

How big is the microwave oven market?

Accepted Answer

The global microwave oven industry was valued at USD 10.5 billion in 2024 and is projected to grow at a CAGR of 4.6% from 2025 to 2034, driven by evolving consumer lifestyles and increasing demand for convenience.

Question 4

Why are convection microwave ovens dominating the market?

Accepted Answer

Convection microwave ovens accounted for USD 4.9 billion in 2024 and are expected to grow at a CAGR of 5.2% from 2025 to 2034, as they offer multifunctionality by combining microwaving, grilling, and baking, making them ideal for urban households and commercial kitchens.

Microwave Oven Market Share

Microwave Oven Market Share

Microwave Oven Market Companies

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