Enjoy complimentary customisation on priority with our Enterprise License!
The commercial microwave oven market share is expected to increase by USD 728.9 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 3.17%.
This commercial microwave oven market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the commercial microwave oven market segmentation by product (commercial heavy-duty microwave oven, commercial medium-duty microwave oven, and commercial light-duty microwave oven) and geography (North America, Europe, APAC, South America, and MEA). The commercial microwave oven market report also offers information on several market vendors, including AB Electrolux, Ali Group Srl, Haier Smart Home Co. Ltd., Midea Group Co. Ltd., Panasonic Corp., Sammic SL, Samsung Electronics Co. Ltd., Sharp Corp., The Vollrath Co. LLC, and Whirlpool Corp. among others.
Download the Free Report Sample to Unlock the Commercial Microwave oven Market Size for the Forecast Period and Other Important Statistics
Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing demand for the energy-efficient cooking process is notably driving the commercial microwave oven market growth, although factors such as radiation and insulation issues in commercial microwave ovens may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the commercial microwave oven industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Commercial Microwave oven Market Driver
The growing demand for an energy-efficient cooking process is a major driver influencing the commercial microwave oven market growth. Commercial microwave ovens do not require pre-heating, and they can quickly heat food products that need to be cooked. Eliminating the need to pre-heat these microwave ovens help end-users save significant energy, which can provide cost benefits to end-users. For instance, Ali Group offers Amana commercial microwave ovens in RCS series commercial microwave ovens that can offer up to $0.25 savings per day. The RC30S2 model, which consumes 4,400 W power, offers savings of up to $0.70 per day. Quick heating with commercial microwave ovens ensures fast food delivery in commercial kitchens. Commercial microwave ovens use microwave radiation technology to ensure quick heating of food products compared with food heating with other FSE available in the global market. Commercial microwave ovens by design are one of the most efficient and lowest-cost appliances found in commercial foodservice kitchens. Commercial microwave ovens offer energy-saving benefits, which, in turn, translates to cost-saving. As a result, the global commercial microwave ovens market will exhibit significant growth during the forecast period.
Key Commercial Microwave oven Market Trend
The growing adoption of commercial microwave ovens that feature dual magnetron is a major trend influencing the commercial microwave oven market growth. All commercial microwave ovens contain magnetron tubes. A magnetron is an electron that is used to produce the required microwave energy to heat food products. A few of the manufacturers, such as SUMMIT APPLIANCE and SAMSUNG, offer commercial microwave ovens that feature dual magnetron to ensure faster operations compared with commercial microwave ovens that work on a single magnetron. SUMMIT APPLIANCE offers commercial microwave ovens that feature dual magnetron. The equipment features an overall power output of 1,800 W. These commercial microwave ovens can use single magnetrons or double magnetrons to heat food products. In single magnetron mode, food service establishments can save power. In the double magnetron mode, the appliance requires less time to heat food products compared to that in the single magnetron mode. The default setting for commercial microwave ovens is a dual magnetron, and the operator can switch to a single magnetron when required.
Key Commercial Microwave oven Market Challenge
Radiation and insulation issues in commercial microwave ovens are a major hindrance to the commercial microwave oven market growth. Exposure to high levels of microwaves while cooking can cause a painful burn to operators. In the human body, the eyes and testes are vulnerable to radiofrequency heating. This is due to the little blood flow in the eyes and testes to carry away excess heat. The lens of the eyes is also sensitive to intense heat, and exposure to high levels of microwaves can cause cataracts. Operators can get injured due to heat-related burns that could occur from holding or touching hot containers and from hot food products. Radiation injuries can also be caused by radiation leaks through openings in commercial microwave oven seals. The improper handling of commercial microwave oven doors can cause the insulation of the door seal to loosen. The loosening of the insulation can lead to an increase in the time taken for heating foods. The loosening of the insulation causes the heat inside the commercial microwave oven chamber to leak, which affects the time required for heating food products. This, in turn, can increase the energy cost. This inconsistency in cooking can lead to food wastage, incurring excess costs for food service establishments.
This commercial microwave oven market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global commercial microwave ovens market as a part of the global household appliances market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the commercial microwave oven market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the commercial microwave oven market encompasses successful business strategies deployed by the key vendors. The commercial microwave oven market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The commercial microwave oven market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the commercial microwave oven market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global household appliances market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
For more insights on the market share of various regions Request for a FREE sample now!
33% of the market's growth will originate from North America during the forecast period. The US is a key market for commercial microwave ovens in North America. Market growth in this region will be slower than the growth of the market in Europe, APAC, and MEA.
The increasing number of foodservice establishments will facilitate the commercial microwave oven market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 had a negative impact on the growth of the commercial microwave ovens market in 2020. Owing to the imposition of lockdowns in the region, the units manufacturing microwave ovens have been closed in the region, leading to supply chain disruptions in the region. Owing to the nationwide lockdowns imposed by several countries in the region, major end-users had to temporarily shut down their businesses in the region, resulting in a decline in the demand for commercial microwave ovens in the region. However, with the lifting of restrictions and resumption of economic activity, the end-users industries started to recover in the region.
To gain further insights on the market contribution of various segments Request for a FREE sample
The commercial microwave oven market share growth in the commercial heavy-duty microwave ovens segment will be significant during the forecast period. Commercial heavy-duty microwave ovens are in high demand as they offer high capacity and power levels as compared with medium-duty and light-duty microwave ovens.
This report provides an accurate prediction of the contribution of all the segments to the growth of the commercial microwave oven market size and actionable market insights on post COVID-19 impact on each segment.
|
Commercial Microwave oven Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2020 |
|
Forecast period |
2021-2025 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 3.17% |
|
Market growth 2021-2025 |
$ 728.9 million |
|
Market structure |
Fragmented |
|
YoY growth (%) |
1.50 |
|
Regional analysis |
North America, Europe, APAC, South America, and MEA |
|
Performing market contribution |
North America at 33% |
|
Key consumer countries |
US, China, UK, Germany, and Japan |
|
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
|
Key companies profiled |
AB Electrolux, Ali Group Srl, Haier Smart Home Co. Ltd., Midea Group Co. Ltd., Panasonic Corp., Sammic SL, Samsung Electronics Co. Ltd., Sharp Corp., The Vollrath Co. LLC, and Whirlpool Corp. |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Market Segmentation by Control Features
7 Customer landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Get lifetime access to our
Technavio Insights
Customized Report as per your Business Needs
Let us help you make report more suited to your requirements.
Get the report (PDF) sent to your email within minutes.
