Global Over-the-Range Microwave Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028.

The global over-the-range microwave market is anticipated to grow at a CAGR of 1.5%  during the forecast period (2022-2028). The global over-the-range microwave market is growing due to the increasing disposable income in emerging countries and the rise in urbanization. The increasing consumer expenditure on appliances that assist them in kitchen work is expected to boost the growth of the market. The changing lifestyle of the consumer and the demand for stylish and convenient appliances that complement their living standards is driving the growth of the over-the-range microwave market. The rising demand for energy-efficient appliances that helps in kitchen work and the rise in demand for smart appliances are factors that are considered for the growth of the market. The rising demand of consumers to use technologically advanced equipment that are multipurpose and hassle-free and supports them to manage their kitchen chores is driving the demand for the over-the-range microwave market. The increasing adoption of technology-driven premium kitchen appliances and smart kitchen appliances is propeeling the growth of the market. Additionally, increasing investment by the major market players for research and development of new and innovative energy-efficient microwave ovens which consume less energy for cooking food faster and efficiently is also anticipated to propel the growth of the market.

Some major players in the market include AB Electrolux , Alto-Shaam, Inc., Candy Hoover Group S.r.l., Galanz Enterprise Group Co., Illinois Tool Works Inc., LG Electronics, Ltd., and SAMSUNG, among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance:

• In December 2021, LG Electronics launched latest cooking the LG InstaViewDouble Oven Gas Slide-in Range and Over-the-Range Microwave Oven that have the brand’s core cooking technologies. These new premium kitchen appliances offer seamless integration with the LG ThinQ Recipe feature that provides over 18,000 interactive smart recipes and over 10,000 shoppable recipes for the ultimate home cooking experience.

 

• In October 2019, Haier has launched new range of microwave ovens Convection (HIL2501CBSH) and Solo (HIL2001MWPH).
• Competitive Landscape- AB Electrolux , Alto-Shaam, Inc., Candy Hoover Group S.r.l., Galanz Enterprise Group Co., Illinois Tool Works Inc., LG Electronics, Ltd., and SAMSUNG, others.

By Type

• < 22 L
• 22 – 25 L
• > 25 L

By Application

• Commercial
• Residential

Scope of the Report
The research study analyzes the Global Over-the-Range Microwave industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Global Over-the-Range Microwave Market Report
1. What was the Global Over-the-Range Microwave Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Global Over-the-Range Microwave Market during the forecast period (2022-2028)?
   3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
   4. Which manufacturer/vendor/players in the Global Over-the-Range Microwave Market was the market leader in 2021?
   5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

The report covers the following objectives:

• Proliferation and maturation of trade in the Global Over-the-Range Microwave market.
• The market share of the Global Over-the-Range Microwave market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the Global Over-the-Range Microwave market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Global Over-the-Range Microwave market.