India Microwave Oven Market By Type (Convection, Grill, Solo), By Capacity (Below 25 Liters, 25-30 Liters, Above 30 Liters), By End Use (Residential and Commercial), By Distribution Channel (Multi Branded Stores, Supermarkets/hypermarkets, Exclusive Stores, Online, and Others (Direct Sales, Wholesales, etc.), By Region Competition, Forecast & Opportunities, 2028
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationRapid urbanization and customers' rising standards of living are influencing the India microwave oven market, which is expected to grow at a CAGR of 7.91% during the forecast period, reaching around USD376.37 million by the forecast period 2028. Furthermore, increasing demand for
Your microwave, that handy kitchen appliance? It's not just for reheating leftovers, you know. It cooks food too, using electromagnetic waves instead of direct heat. What's cool is how quick it is compared to a regular stove – you save a ton of time and energy. You can use it for almost anythingreheating, cooking, baking, even roasting or grilling. These days, those convection microwave ovens are super popular – they took up about 62.72% of the market in 2022. Why? Because they do it all! You can use them for cooking, reheating, grilling, baking, you name it! And get thisconvection ovens are also more efficient and can cook at a lower temperature, because they use heat more effectively.
The rising number of working women and the entangled schedules of individuals in metropolitan areas will fuel the interest in microwave ovens. Simultaneously, economic factors, such as the rising population, increasing disposable income of consumers, and developing awareness about various cooking appliances, such as microwave ovens, grills, and barbeques, are projected to decidedly influence the market. The convection segment of the market contributes half of the overall market.
With everyone working and learning from home during the COVID-19 pandemic, we saw a big jump in demand for things that made home life comfier! Think microwave ovens, refrigerators, washing machines, and ACs. Microwave ovens, in particular, really took off in 2021 in terms of sales. What's interesting is that the average price even doubled compared to 2019! A big reason for this? The rise of western food! It became super trendy, and with restaurants closed, people in India started trying to cook western dishes themselves. Since folks were avoiding eating out, they began whipping up all sorts of meals at home, and that really boosted the market during the pandemic.
Increased Demand for Technical Specialized Domestics Conveniences Will Drive the Market Growth
We can expect amazing advancements in food appliances over the next five years! Why? Because Indian consumers are moving homes faster, fueled by more double-income families. Plus, folks in India want to stay healthy by cooking at home. And with rising incomes in cities, everyone's grabbing microwave ovens to make life easier. Let’s not forget the young generation—they're leading crazy-busy lives and rely on convenient appliances like microwave ovens to whip up meals. The ability to quickly cook and bake with a microwave is a huge time-saver!
Growing R
Growing Working Class Population and Disposable Incomes
A growing working population is investing in smart appliances to assist them with their busy schedules. The technology and smart features of the microwave oven have become essential and affordable electric appliances for many households in India. A microwave oven is a multi-tasker for people who can bake and cook. It also fulfills all their needs.
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Market Segmentation
The India microwave oven market is segmented on type, capacity, end-use distribution channel, region, and competitional landscape. The market is further segmented based on type into convection, solo, and grill. The capacity is further segmented into below 25 liters, 25-30 liters, and above 30 liters. The end-use segment is further segmented into residential and commercial. The distribution channel is segmented into multi-branded retailers, supermarkets/ hypermarkets, exclusive retailers, online, and others (direct sales, wholesales, etc.). The market analysis also studies the regional segmentation divided into north, west, south, and east.
Company Profiles
LG Electronics India Pvt. Ltd., Samsung India Electronics Private Ltd., IFB Industries Limited, Whirlpool of India Ltd., Panasonic India Pvt. Ltd., Godrej & Boyce Manufacturing Company Limited, Haier Smart Home Co. Ltd., Bajaj Electricals Ltd, Ken Lifestyles Private Limited, Siemens Limited, etc. are some of the leading market players of the India microwave oven market. New market players have also been actively entering the market in recent years, further strengthening future market growth.
| Attribute | Details |
| Market Size Value in 2022 | USD243.10 Million |
| Revenue Forecast in 2028 | USD376.37 Million |
| Growth Rate | 7.91% |
| Base Year | 2022 |
| Historical Years | 2018–2022 |
| Estimated Year | 2023E |
| Forecast Period | 2024F –2028F |
| Quantitative Units | Revenue in USD Million, Volume in Thousand Units and CAGR for 2018-2022 and 2023E- 2028F |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Type · Capacity · End Use · Distribution Channel · Region · Company |
| Regional Scope | North, West, South and East |
| Key Companies Profiled | LG Electronics India Pvt. Ltd., Samsung India Electronics Private Ltd., IFB Industries Limited, Whirlpool of India Ltd., Panasonic India Pvt. Ltd., Godrej & Boyce Manufacturing Company Limited, Haier Smart Home Co. Ltd., Bajaj Electricals Ltd, Ken Lifestyles Private Limited etc. |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
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