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Commercial Microwave Ovens Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Dec 2020
  • Pages: 120
  • SKU: IRTNTR46510
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The commercial microwave ovens market size has the potential to grow by USD 728.90 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3%. 

This report provides a detailed analysis of the market by product (commercial heavy-duty microwave ovens, commercial medium-duty microwave ovens, and commercial light-duty microwave ovens), geography (North America, Europe, APAC, South America, and MEA), and key vendors. 

Market Overview

Commercial-Microwave-Ovens-Market-Market-Size-2020-2025

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and 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
  • Whirlpool Corp.

 

The commercial microwave ovens market is fragmented and the vendors are deploying growth strategies such as organic and inorganic business strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as growing demand for the energy-efficient cooking process to achieve growth opportunities. However, factors such as the threat from substitute products will challenge the growth of the market participants. 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.

Download a free sample of the commercial microwave ovens market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This commercial microwave ovens market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities. 

Commercial Microwave Ovens Market: Key Drivers and Trends

  • The growing demand for the energy-efficient cooking process is one of the primary factors that is triggering the growth of the commercial microwave ovens market.
  • In recent times, commercial kitchens are equipped with microwave oven, which is considered as one of the most efficient cooking equipment.
  • Commercial microwave ovens eliminate the requirement of pre-heating, which significantly aids consumers in saving energy.
  • The increasing use of commercial microwave ovens with automatic timers is one of the key commercial microwave ovens market trends.
  • For proper cooking during the cooking process, it is necessary to maintain a consistent temperature and exact cooking time.
  • Manufacturers are constantly focusing on providing equipment with automatic timers so that the food products are cooked for the accuracy required time.

 

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Commercial Microwave Ovens Market: Segmentation by Geography

Commercial-Microwave-Ovens-Market-Market-Share-by-Region-2020-2025

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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 is one of the prime factors that will facilitate the commercial microwave ovens market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Commercial Microwave Ovens Market: Segmentation by Product

Commercial-Microwave-Ovens-Market-Market-Share-by-Product-2020-2025

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The 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.

etch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the commercial microwave ovens market size. 

 

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Commercial Microwave Ovens Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive commercial microwave ovens market growth during the next five years
  • Precise estimation of the commercial microwave ovens market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the commercial microwave ovens industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of commercial microwave ovens market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Market characteristics
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Commercial heavy-duty microwave ovens - Market size and forecast 2020-2025
    • Commercial medium-duty microwave ovens - Market size and forecast 2020-2025
    • Commercial light-duty microwave ovens - Market size and forecast 2020-2025
    • Market opportunity by Product

    Market Segmentation by Control Features

    • Market segments
    • Button controls
    • Dial controls

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • 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
      • Whirlpool Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      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.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The commercial microwave ovens market growth will increase by $728.90 million during 2020-2025.
      The commercial microwave ovens market is expected to grow at a CAGR of 3.17% during 2020-2025.
      Technavio has segmented the commercial microwave ovens market by product (Commercial heavy-duty microwave ovens, Commercial medium-duty microwave ovens, and Commercial light-duty microwave ovens) and geographic (North America, Europe, APAC, South America, and MEA).
      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, Whirlpool Corp. are a few of the key vendors in the commercial microwave ovens market.
      North America will register the highest growth rate of 32.57% among the other regions. Therefore, the commercial microwave ovens market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the commercial microwave ovens market growth are:
      • Growing demand for energy-efficient cooking process
      The commercial microwave ovens market vendors should focus on grabbing business opportunities from the commercial heavy-duty microwave ovens segment as it accounted for the largest market share in the base year.
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