The latest estimates indicate that the North America microwave ovens market is expected to experience modest growth, with an incremental increase of USD 3.5 billion. This growth is projected to occur at a compound annual growth rate (CAGR) of approximately 4.9% during the forecast period from 2024 to 2029. In North America, the microwave ovens market is largely driven by consumer demand for convenience, as busy lifestyles lead to increased use of time-saving kitchen appliances. The continued growth of dual-income households and a growing emphasis on energy-efficient products are also key factors supporting market expansion. Additionally, innovations in microwave technology, such as smart features and multifunctional designs, are fueling further growth in the region.
The report delivers an in-depth analysis of the North America microwave ovens industry, offering extensive market data such as historical market size, growth trajectories, and forward-looking projections. It thoroughly examines key market categories and subcategories, emphasizing critical elements like product, technology, distribution channel and country. By offering this detailed analysis, the report assists in uncovering the untapped potential of the microwave ovens market.
Market Segmentation
The following outlines the segmentation of the North America microwave ovens market:
Product: built-in microwaves, freestanding microwaves
Technology: smart, non-smart
Distribution channel: supermarkets and hypermarkets, department stores, electronics stores, e-commerce, builders merchants, others
Country: USA, Canada
The microwave ovens market in North America is segmented based on product, technology, distribution channel and country. By product, it includes built-in microwaves, and freestanding microwaves. Technology segmentation includes smart, and non-smart. Distribution channel segments are categorized into supermarkets and hypermarkets, department stores, electronics stores, e-commerce, builders merchants, and others. Geographically, the market encompasses USA, and Canada.
Competitive Landscape
The competitive landscape of the industry has been analyzed, featuring profiles of major players such as Whirlpool Corporation, The Samsung Group, Panasonic Corporation, LG Corporation, Hon Hai Precision Industry Co. Ltd., Hamilton Beach Brands Holding Company, Haier Group Corporation, Emerson Electric Co., Electrolux AB and Danby Products Limited.
This report delivers an in-depth examination of leading companies in the microwave ovens sector, analyzing their performance from 2019 to 2023. The results indicate changes in market share, emphasizing both established leaders and new entrants.
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Obtain precise statistical data and forecasts for the North America microwave ovens market.
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Gain deep insights into the dynamics of the North America microwave ovens market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the North America microwave ovens market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
North America Microwave Ovens Market – Product Analysis
North America Microwave Ovens Market – Technology Analysis
North America Microwave Ovens Market – Distribution Channel Analysis
North America Microwave Ovens Market – Country Analysis
Key Players and Market Share
– Whirlpool Corporation
– The Samsung Group
– Panasonic Corporation
– LG Corporation
– Hon Hai Precision Industry Co., Ltd.
– Hamilton Beach Brands Holding Company
– Haier Group Corporation
– Emerson Electric Co.
– Electrolux AB
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table North America Microwave Ovens Market 2019-2029
Chart North America Microwave Ovens Market, Net Growth, 2019-2029
Chart North America Microwave Ovens Market, Growth Rates, 2019-2029
Table North America Microwave Ovens Market by Product, 2019-2029
Chart North America Microwave Ovens Market by Product, CAGR Historic and Forecast, 2019-2029
Chart North America Microwave Ovens Market by Product, 2019-2029
Table North America Microwave Ovens Market by Technology, 2019-2029
Chart North America Microwave Ovens Market by Technology, CAGR Historic and Forecast, 2019-2029
Chart North America Microwave Ovens Market by Technology, 2019-2029
Table North America Microwave Ovens Market by Distribution Channel, 2019-2029
Chart North America Microwave Ovens Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart North America Microwave Ovens Market by Distribution Channel, 2019-2029
Table North America Microwave Ovens Market by Country, 2019-2029
Chart North America Microwave Ovens Market by Country, CAGR Historic and Forecast, 2019-2029
Chart North America Microwave Ovens Market by Country, 2019-2029
Table North America Microwave Ovens Market Share (%), by Companies, 2019-2023
Chart North America Microwave Ovens Market, by Companies, 2023
Table North America Microwave Ovens Market Share (%), by Brands, 2019-2023
Chart North America Microwave Ovens Market, by Brands, 2023
Table North America – Population (Millions) and Forecast
Table North America – Consumer Price Index (CPI) and Forecast
Table North America – Gross Domestic Product and Forecast
Table North America Microwave Ovens Market: Spend as a Proportion of GDP (%)
Table North America Microwave Ovens Market: Consumption per Capita (Population)
Companies Mentioned
Whirlpool Corporation
The Samsung Group
Panasonic Corporation
LG Corporation
Hon Hai Precision Industry Co., Ltd.
Hamilton Beach Brands Holding Company
Haier Group Corporation
Emerson Electric Co.
Electrolux AB
Danby Products Limited