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

By Type;

Grill, Solo, and Convection.

By Production;

Commerical and Household.

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: March, 2025 Updated Date: April, 2025

Introduction

Global Microwave Oven Market (USD Million), 2021 - 2031

In the year 2023, the Global Microwave Oven Market was valued at USD 9,734.11 million. The size of this market is expected to increase to USD 13,515.29 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 4.8%.

The global microwave oven market is witnessing significant growth due to increased demand for convenient cooking solutions, urbanization, and evolving consumer lifestyles. Microwave ovens have become a staple in modern kitchens, valued for their speed, energy efficiency, and ease of use. Smart microwave ovens equipped with advanced features such as Wi-Fi connectivity, voice control, and preset cooking programs are gaining popularity, especially in the premium segment. The increased adoption of smart appliances and energy-efficient models aligns with consumers’ growing preference for convenience, sustainability, and technological integration within their homes.

The market is driven by a range of factors, including busy lifestyles that require quick meal preparation, the growth of single-person households, and the rising popularity of home-cooking trends. With more people cooking at home, there is a growing demand for versatile microwave ovens that can do more than just reheat food, such as baking, grilling, and defrosting. Consumers are also increasingly drawn to compact microwave ovens due to space constraints in smaller living environments, particularly in urban settings. Convection microwave ovens and combi-microwaves that combine microwave, convection, and grill functions are becoming popular choices due to their ability to provide a variety of cooking options in one appliance.

Geographically, North America and Europe continue to be strong markets for microwave ovens, driven by high consumer spending power and a preference for innovative, multifunctional products. However, Asia-Pacific is expected to see the highest growth due to rapid urbanization, rising disposable incomes, and the increasing penetration of modern kitchen appliances in developing countries like China and India. As consumer preferences evolve toward more integrated, smart kitchen solutions, the microwave oven market is expected to continue expanding, with a focus on innovative features such as touchless control, health-conscious cooking settings, and energy-efficient technologies.

  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 Distribution Channel
    4. Market Snapshot, By Region
  4. Global 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. Global Microwave Oven Market, By Type, 2021 - 2031 (USD Million)
      1. Grill

      2. Solo

      3. Convection

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

      1. Commerical

      2. Household

    3. Global Microwave Oven Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Multibrand Stores

      2. Exclusive Stores

      3. Online

      4. Others

    4. Global 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