The modern-day document posted via Report Ocean, titled “North America Microwave Oven Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
The North America microwave oven market is expected to grow at a moderate pace during the forecast period, with a CAGR of 5.1% over 2015 2020. U.S. is the largest market of microwave ovens in North America, followed by Canada. The market in the region is witnessing demand for premium range and in-built microwave ovens, driven by the growing popularity of modular kitchen designs and increasing purchasing power of the consumers. Microwave ovens have become an essential part of the kitchen, be it for re-heating the food or preparing daily meals. These ovens function on thermal energy by heating the polar molecules in food, a process also known as dielectric heating. The microwave radiations emitted from microwave oven are of shorter wavelength, but they possess enormous amount of energy which facilitates faster cooking. Microwaves, depending on their power output, can alternatively be used for roasting, baking, and grilling.
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The market is segmented on the basis of product type into: convection, grill, and solo microwave ovens. Convection microwave oven would be the highest revenue generating segment across all the years as it offers several cooking functions and enables uniform cooking. Based on the structure, the market is bifurcated into built-in and countertop microwave ovens. The countertop microwave oven segment is the major revenue-generating segment due to the easy portability and lower prices of these ovens. However, the built-in microwave ovens are likely to achieve robust growth during the analysis period. The market is also analyzed with respect to the household and commercial application of microwave ovens in the region.
The report provides an in-depth analysis of the North America microwave oven market in countries namely the U.S., Canada and Mexico. In 2014, the U.S. generated the largest revenue in this market. However, Mexico is likely to witness robust growth during the forecast period, owing to improving living standards and demand for efficient microwave ovens, which enable fast cooking. The rising propensity of consumers to spend on appliances, which assist them in kitchen chores, is generating an increasing demand for microwave ovens.
KEY BENEFITS:
A thorough analysis of the current trends and future estimations in the North America microwave oven market elucidates the imminent investment pockets in this region
The report provides information regarding key drivers, restraints, and opportunities with a detailed impact analysis
Porters Five Forces model and a SWOT analysis of the industry illustrate the potency of the buyers and suppliers.
A quantitative analysis of the current market scenario and future estimations from 2015 to 2020 is provided to showcase the financial competency of the market.
The report presents a detailed analysis of the North America microwave oven market with respect to type of microwave oven, types of application, product structure, and countries to enable stakeholders take precise investment decisions.
Value chain analysis provides a clear understanding of the roles of stakeholders involved.
KEY PLAYERS:
LG Electronics
Samsung Electronics
Alto-Shaam Inc.
AB Electrolux
Sharp Corporation
Hoover Limited
Illinois Tool Works Inc.
Galanz Enterprise Group
Whirlpool Corporation
Panasonic Corporation
General Electric Company
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NORTH AMERICA MICROWAVE OVEN MARKET KEY SEGMENTS:
The North America microwave oven market segmentation is illustrated as follows:
By Type (Revenue & Volume)
Convection
Grill
Solo
By Application (Revenue & Volume)
Household
Commercial
By Structure (Revenue & Volume)
Built-in
Counter top
By Country (Revenue & Volume)
U.S
Canada
Mexico
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
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- Who are the major global game enthusiasts in modern times dominating the Market?
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- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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