Asia Pacific Microwave Oven Market Size & Outlook, 2023-2030
The microwave oven market in Asia Pacific is expected to reach a projected revenue of US$ 4,511.9 million by 2030. A compound annual growth rate of 4.1% is expected of Asia Pacific microwave oven market from 2024 to 2030.
- Semiconductors, Electronics & Components
- Consumer Tech & Electronic Devices
- Microwave Oven Market Outlook
- Consumer Tech & Electronic Devices
Revenue, 2023 (US$M)
$3,411.5
Forecast, 2030 (US$M)
$4,511.9
CAGR, 2024 - 2030
4.1%
Report Coverage
Asia Pacific
Asia Pacific Microwave Oven Market, 2018-2030 (US$M)
Global Market
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Asia Pacific microwave oven market highlights
- The Asia Pacific microwave oven market generated a revenue of USD 3,411.5 million in 2023.
- The market is expected to grow at a CAGR of 4.1% from 2024 to 2030.
- In terms of segment, convection was the largest revenue generating product in 2023.
- Grill is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 3,411.5 million |
| Market revenue in 2030 | USD 4,511.9 million |
| Growth rate | 4.1% (CAGR from 2024 to 2030) |
| Largest segment | Convection |
| Fastest growing segment | Grill |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Convection, Grill, Solo |
| Key market players worldwide | Alto-Shaam, Amazon.com Inc, BRANDT, Breville Group Ltd, BSH, Electrolux AB ADR, GE Appliances, Illinois Tool Works Inc, LG Electronics Inc ADR, Midea Group, Miele, Panasonic Holdings Corp, Samsung Electronics Co Ltd, Sharp Corp, Smeg, Toshiba Corporation, Whirlpool Corp |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 26.3% of the global microwave oven market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,511.9 million by 2030.
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Publish Date: Dec 09, 2024
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Microwave Oven Market Scope
Microwave Oven Market segmentation & scope
Microwave Oven Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Amazon.com Inc | View profile | 1,525,000 | 410 Terry Avenue North, Seattle, WA, United States, 98109-5210 | www.amazon.com |
| Panasonic Holdings Corp | View profile | 230,025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | holdings.panasonic |
| Samsung Electronics Co Ltd | View profile | 124,804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | www.samsung.com |
| Illinois Tool Works Inc | View profile | 45,000 | 155 Harlem Avenue, Glenview, IL, United States, 60025 | www.itw.com |
| Toshiba Corporation | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | www.toshiba.com/tai/ |
| LG Electronics Inc ADR | View profile | 35,111 | Twin Tower 128, Yeoui-daero, Yeongdeungpo-gu, Seoul, Korea, Republic of, 07336 | www.lge.co.kr |
| Electrolux AB ADR | View profile | 41,869 | Street Goransgatan 143, Stadshagen, Stockholm, Sweden, SE-105 45 | www.electroluxgroup.com |
| Whirlpool Corp | View profile | 59,000 | 2000 North M-63, Benton Harbor, MI, United States, 49022-2692 | www.whirlpoolcorp.com |
| Breville Group Ltd | View profile | 452 | 170-180 Bourke Road, Ground Floor, Suite 2, Alexandria, Sydney, NSW, Australia, 2015 | www.brevillegroup.com.au |
| Sharp Corp | View profile | 46,200 | 1 Takumi-machi, Sakai-ku, Sakai-shi, Osaka, Japan, 590-8522 | www.sharp.co.jp |
Asia Pacific Microwave Oven Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Microwave Oven Market Outlook will help companies and investors design strategic landscapes.
Convection was the largest segment with a revenue share of 36.59% in 2023.
Horizon Databook has segmented the Asia Pacific microwave oven market based on convection, grill, solo covering the revenue growth of each sub-segment from 2018 to 2030.
- Asia Pacific Microwave Oven Market Product Outlook (Revenue, USD Million , 2018-2030)
- Convection
- Grill
- Solo
- Asia Pacific Microwave Oven Market Application Outlook (Revenue, USD Million , 2018-2030)
- Commercial
- Household
- Asia Pacific Microwave Oven Market Price Point Outlook (Revenue, USD Million , 2018-2030)
- Commercial
- Household
- Asia Pacific Microwave Oven Market Wattage Outlook (Revenue, USD Million , 2018-2030)
- Commercial
- Household
- Asia Pacific Microwave Oven Market Capacity Outlook (Revenue, USD Million , 2018-2030)
- Commercial
- Household
- Asia Pacific Microwave Oven Market Structure Outlook (Revenue, USD Million , 2018-2030)
- Built in
- Cooktop
- Asia Pacific Microwave Oven Market Control Feature Outlook (Revenue, USD Million , 2018-2030)
- Digital
- Analog
- Asia Pacific Microwave Oven Market Distribution Channel Outlook (Revenue, USD Million , 2018-2030)
- eCommerce
- Brick & Mortar
- Asia Pacific Microwave Oven Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Commercial
- Household
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Microwave Oven Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Microwave Oven Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Asia Pacific Microwave Oven Market, 2018-2030 (US$M)
Asia Pacific microwave oven market statistics, by product, 2018-2030 (US$M)
