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The Global Microwave Oven Market is expected to grow by $ 1.39 bn during 2021-2025, progressing at a CAGR of 1.69% during the forecast period

·3-min read

Global Microwave Oven Market 2021-2025 Technavio has been monitoring the microwave oven market and it is poised to grow by $ 1. 39 bn during 2021-2025, progressing at a CAGR of 1.

New York, Dec. 21, 2021 (GLOBE NEWSWIRE) -- announces the release of the report "Global Microwave Oven Market 2021-2025" -
69% during the forecast period. Our report on the microwave oven market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by increasing disposable income of consumers and the growing demand for time-efficient cooking methods. In addition, increasing disposable income of consumers is anticipated to boost the growth of the market as well.
The microwave oven market analysis includes the end-user segment and geographic landscape.

The microwave oven market is segmented as below:
By End-user
• residential
• non-residential

By Geographical Landscape
• North America
• Europe
• South America

This study identifies the increasing demand for frozen and ready to cook foodas one of the prime reasons driving the microwave oven market growth during the next few years.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on microwave oven market covers the following areas:
• Microwave oven market sizing
• Microwave oven market forecast
• Microwave oven market industry analysis

This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading microwave oven market vendors that include Bajaj Electricals Ltd., Godrej and Boyce Manufacturing Co. Ltd., Haier Smart Home Co. Ltd., IFB Industries Ltd., LG Electronics Inc., Morphy Richards Ltd., Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., and Whirlpool Corp. Also, the microwave oven market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Read the full report:

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