Microwave Ovens Market

By Structure;

Built-In and Countertop

By Production;

Commercial and Household

By Type;

Convection, Grill and Solo

By Geography;

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


Microwave Ovens Market

*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

Microwave Ovens 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 Structure
    2. Market Snapshot, By Production
    3. Market Snapshot, By Type
    4. Market Snapshot, By Region
  4. Microwave Oven Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers Restraints
        1. Growth in urban single-person households

        2. Increased adoption of modular kitchen designs

        3. Surge in smart kitchen appliance integration

        4. Energy Efficiency and Sustainability

        5. Health concerns over microwave radiation exposure

        6. Limited cooking capabilities vs traditional ovens

        7. High repair cost for premium microwave models

        8. Consumer preference for multi-function cooking devices

      2. Opportunities
        1. Expansion in compact countertop appliance segment

        2. Technological innovation in inverter and sensor tech

        3. Demand for energy-efficient microwave oven models

        4. Rising online appliance purchases across regions

    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 Ovens Market, By Structure, 2021 - 2031 (USD Million)
      1. Built-In
      2. Countertop
    2. Microwave Ovens Market, By Production, 2021 - 2031 (USD Million)
      1. Commercial
      2. Household
    3. Microwave Ovens Market, By Type, 2021 - 2031 (USD Million)
      1. Convection
      2. Grill
      3. Solo
    4. 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. Samsung Electronics Co., Ltd.
      2. Panasonic Corporation
      3. LG Electronics Inc.
      4. Whirlpool Corporation
      5. GE Appliances (a Haier company)
      6. Sharp Corporation
      7. Breville Group Limited
      8. Galanz Enterprises Co., Ltd.
      9. Daewoo Electronics
      10. Godrej Appliances
      11. Vestel Group
      12. Mueller Austria
      13. Black & Decker Corporation
      14. Emerson Radio Corporation
      15. Insignia (Best Buy)
  7. Analyst Views
  8. Future Outlook of the Market