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The commercial microwave ovens market size is estimated to grow at a CAGR of 4.9% between 2023 and 2028. The market size is forecast to increase by USD 1.26 billion. The growth of the market depends on several factors growing food service industry, expansion of the e-commerce market and growing demand for energy-efficient cooking processes.
The report includes a comprehensive outlook on the commercial microwave ovens market offering forecasts for the industry segmented by Product, which comprises commercial heavy-duty microwave ovens, commercial medium-duty microwave ovens, and commercial light-duty microwave ovens. Additionally, it categorizes Types into button controls, and dial controls, and covers Geography regions, including North America, APAC, Europe, Middle East and Africa, and South America. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.
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Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing food service industry is notably driving the market growth. The growth in food consumption outside of the home has led to changes in the food industry. The food service providers have also increased production and streamlined operations to increase overall efficiency with the aid of cutting-edge methods and technologies. The demand for commercial microwave ovens is increasing owing to the rising demand for quick service. However, food service kitchens are shrinking in size. In some cases, quick-service restaurants (QSRs) operate in places such as supermarket delis, airport concourses, offices, and hospital lobbies.
Additionally, some types of commercial microwave ovens have a catalytic converter, which makes them completely ventless. They are also used in conventional restaurants with kitchens and exhaust hoods, as they can be set up at any convenient spot to handle customized orders with high throughput per linear inch of production space. The growing demand for convenience foods is encouraging companies to expand their offerings in the QSR segment, which will drive the growth of the market during the forecast period.
The rising adoption of commercial microwave ovens with technologically advanced features is an emerging trend shaping the market growth. The microwave cooking method is gaining popularity across many regions. The demand for commercial microwave ovens is growing across food service establishments. Manufacturers of commercial microwave ovens are focusing on developing equipment with technologically advanced features to facilitate convenient controls and improved production capacities. Ali Group offers the Amana microwave oven model AMSO35 that features multiple batch capability. The AMSO35 model is equipped with an X2 keypad that automatically adjusts the cook times. Multiple batch capability enables operators to cook multiple batches of food without any additional programming. Midea offers heavy-duty commercial microwave ovens that can be programmed for up to 100 auto items with 60 minutes maximum cooking for each food item.
However, the programming feature helps end-users in ensuring consistent results. With the universal serial bus (USB) port compatibility for standard flash drives, operators can update programming in seconds. Similarly, Sharp and Panasonic offer programmable commercial microwave ovens. The product offering from key companies with inbuilt advanced programmable features is expected to drive the growth of the market during the forecast period.
Limitations to cooking in commercial microwave ovens are a significant challenge hindering the market growth. Foodservice establishments need to choose microwave-safe containers for preparing food products. Microwave-safe containers are required due to the growing concern about the potentially hazardous substances that may leech into food from microwave containers. Glass, paper, ceramic, and plastic containers are primarily used in microwave cooking. Microwaves can pass through these containers. These containers cannot be heated with microwaves. However, they become hot, owing to the energy transfer from the heated food in the vessel. A few types of plastic containers, which can melt with the heat of the food inside, cannot be used in commercial microwave ovens. Metal pans and aluminium foils are also not used for cooking in commercial microwave ovens.
In addition, microwaves are reflected off metal pans and aluminium foils, causing the food to cook unevenly and possibly damaging the commercial microwave oven. The instructions that come with each commercial microwave oven indicate the kinds of containers that can be used. Therefore, end-users need to invest in microwave-safe containers, which may be costlier compared with traditional pans. Thus, these limitations to cooking in commercial microwave ovens will negatively impact the market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Commercial Microwave Ovens Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AB Electrolux - The company offers commercial microwave ovens such as the EMSB30XCF 60cm UltimateTaste 900 built-in combination microwave oven with 30L capacity, and the EMSB25XG 60cm UltimateTaste 500 built-in grill microwave oven with 25L capacity.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The commercial heavy-duty microwave ovens segment is estimated to witness significant growth during the forecast period. Commercial heavy-duty microwave ovens have a microwave wattage of over 2,000 W. These microwave ovens are ideal for high-volume kitchens wherein fast turnaround times are required. These ovens perform fast heating and have high durability compared with medium-duty and light-duty models
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The commercial heavy-duty microwave ovens segment was the largest and was valued at USD 1.82 billion in 2018. Commercial heavy-duty microwave ovens are ideal for food service establishments that need to heat and prepare food around 200 times a day. The price range of commercial heavy-duty microwave ovens is between USD 800 and USD 4,500. Commercial heavy-duty microwave ovens offer capacities varying between 4 gallons to 12 gallons. For instance, Solwave offers commercial heavy-duty microwave ovens with around 4-gallon capacity, and Panasonic offers the NE-3280 model commercial heavy-duty microwave oven with a capacity of around 12 gallons. A few of the prominent companies that offer commercial heavy-duty microwave ovens are Ali Group, Panasonic, Midea, and Sharp. Therefore, the commercial heavy-duty microwave ovens market is expected to grow which in turn drives the market growth during the forecast period.
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APAC is estimated to contribute 47% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In APAC, there is a growth in the spending of consumers in food service establishments. This is owing to the rising disposable incomes and massive expansion plans of food service establishments. These factors will drive the growth of the commercial microwave ovens market in APAC during the forecast period. The level of overcooking and overheating of food items can be prevented with automatic timers in commercial microwave ovens. This helps food service establishments reduce food wastage and increase profitability. A few of the prominent vendors that offer commercial microwave ovens in APAC are Ali Group, Panasonic, Midea, and Sharp.
In addition, the food service market in countries such as China, Australia, Japan, Thailand, Indonesia, and India is growing. Such substantial growth opportunities in these countries will encourage many international brands to expand their presence in these countries during the forecast period. Food service establishments prefer using energy-efficient cooking equipment with advanced controls to enhance the productivity of food products in the region. Such factors are expected to drive the regional market growth during the forecast period.
The commercial microwave ovens market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Commercial Microwave Ovens Market Scope |
|
Report Coverage |
Details |
Page number |
164 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.9% |
Market Growth 2024-2028 |
USD 1.26 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.48 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 47% |
Key countries |
US, China, Japan, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AB Electrolux, Ali Group S.r.l. a Socio Unico, Celco Inc., Comcater Pty Ltd., Conair Corp., Felix Storch Inc., Hon Hai Precision Industry Co. Ltd., Labtron Equipment Ltd., Midea Group Co. Ltd., Panasonic Holdings Corp., Sammic SL, Samsung Electronics Co. Ltd., Solwave Inc., The Middleby Corp., Trufrost Cooling Pvt. Ltd., Whirlpool Corp., Labnics Equipment Ltd., and Qingdao Smad Electric Appliances Co. Ltd. |
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, and Market condition analysis for the 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 market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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