From GlobeNewswire: 2024-04-15 06:30:00

Custom Market Insights released a report on the Microwave Oven Market, predicting a growth from USD 18.3 Billion in 2023 to USD 27.6 Billion by 2033, driven by changing lifestyles, technological advancements, rising health consciousness, and increased urbanization. Features like convenience, energy efficiency, and diverse culinary capabilities contribute to market growth.

LG Electronics introduced energy-efficient home appliances, aligning with sustainability trends. Blue Apron partnered with Panasonic to enhance cooking experiences. Market scope includes segments like type, size, application, technology, and distribution channel. The COVID-19 pandemic impacted the market with supply chain disruptions, changes in consumer spending, online purchasing trends, product innovation, and marketing strategies. Manufacturers focused on optimizing supply chains in response to the pandemic’s challenges and opportunities in the market.

The Microwave Oven Market is expected to see growth driven by factors like convenience, energy efficiency, diverse culinary capabilities, and increased urbanization. Market players like LG Electronics and Panasonic are advancing sustainability efforts and enhancing cooking experiences. Despite challenges from the pandemic, opportunities in online retail and product innovation are shaping the market’s future dynamics.



Read more at GlobeNewswire: [Latest] Global Microwave Oven Market Size/Share Worth USD