Global Microwave Oven Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Grill, Solo, and Convection.

By Production;

Commerical and Household.

By Power;

Low Power (under 700W), Medium Power (700W-1000W), and High Power (above 1000W).

By Distribution Channel;

Multibrand Stores, Exclusive Stores, Online, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn388541625 Published Date: May, 2025 Updated Date: June, 2025

Microwave Oven Market Overview

Microwave Oven Market (USD Million)

Microwave Oven Market was valued at USD 10,201.35 million in the year 2024. The size of this market is expected to increase to USD 14,164.02 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.8%.


Global Microwave Oven Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 4.8 %


Study Period2025 - 2031
Base Year2024
CAGR (%)4.8 %
Market Size (2024)USD 10,201.35 Million
Market Size (2031)USD 14,164.02 Million
Market ConcentrationHigh
Report Pages317
10,201.35
2024
14,164.02
2031

Major Players

  • LG Electronics Inc.
  • Alto-Shaam Inc.
  • Brandt
  • Panasonic Corporation
  • Breville

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Microwave Oven Market

Fragmented - Highly competitive market without dominant players


The Microwave Oven Market is witnessing substantial growth as consumers increasingly seek convenient and time-efficient cooking appliances. With over 65% of users valuing time-saving features, microwave ovens have become an essential component of modern kitchens, catering to busy routines and lifestyle shifts.

Innovation Through Smart Features and Connectivity
Innovations such as voice commands, inverter heating, and automated cooking programs are reshaping product offerings. Roughly 38% of new microwave ovens now integrate smart technology, appealing to tech-savvy users and raising the standard for kitchen automation.

Health-Oriented Product Demand Expands
Health-focused consumers are driving demand for grill-enabled and steam-cooking microwave ovens, which support low-fat meal preparation. Data indicates that 42% of buyers prefer models designed for healthier cooking, encouraging manufacturers to enhance functional variety.

Design and Efficiency Driving Purchase Trends
Buyers are increasingly focused on energy efficiency and aesthetic appeal, with 54% of recent purchases influenced by both power-saving features and modern design elements. This dual demand continues to shape product development strategies across the market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Production
    3. Market Snapshot, By Power
    4. Market Snapshot, By Distribution Channel
    5. Market Snapshot, By Region
  4. Microwave Oven Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Convenience and Time-saving

        2. Urbanization and Small Living Spaces

        3. Energy Efficiency and Sustainability

      2. Restraints
        1. Market Saturation

        2. Limited Innovation

        3. Perception of Health Concerns

      3. Opportunities
        1. Health and Wellness Trends

        2. Smart Connectivity

        3. Customization and Personalization

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Microwave Oven Market, By Type, 2021 - 2031 (USD Million)
      1. Grill

      2. Solo

      3. Convection

    2. Microwave Oven Market, By Production, 2021 - 2031 (USD Million)

      1. Commerical

      2. Household

    3. Microwave Oven Market, By Power, 2021 - 2031 (USD Million)
      1. Low power (under 700W)
      2. Medium power (700W-1000W)
      3. High power (above 1000W)
    4. Microwave Oven Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Multibrand Stores

      2. Exclusive Stores

      3. Online

      4. Others

    5. Microwave Oven Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. LG Electronics Inc.
      2. Alto-Shaam Inc.
      3. Brandt
      4. Panasonic Corporation
      5. Breville
  7. Analyst Views
  8. Future Outlook of the Market