Europe Microwave Oven Market Report by Type (Grill, Solo, and Convection), Application (Commercial and Household), Structure (Built-In and Counter Top), Distribution Channel (Online and Offline), Country and Company Analysis 2024-2032

Europe Microwave Oven Market Analysis

Europe Microwave Oven Market was worth US$ 3.00 Billion in 2023. It is expected to grow at a CAGR of 3.62% from 2024 to 2032 and be valued at US$ 4.13 Billion by 2032.

Microwave ovens are fundamental European kitchen appliances because of their efficiency and convenience. These compact gadgets use microwave radiation to quickly and lightly warm meals, making them perfect for busy families and culinary lovers. Their recognition stems from their potential to defrost, cook, and reheat diverse dishes in a fragment of the time required by conventional ovens. With the quick-paced lifestyle usual in Europe, microwave ovens provide a time-saving food preparation solution without compromising taste or nutritional value. Their vast adoption highlights their importance as a staple equipment in present-day European kitchens.

Europe Microwave Oven Market Trends

•  Expansion in the market due to evolving consumer lifestyles.

The Europe microwave oven market is growing because of changing client lifestyles. This favors convenient cooking solutions in fast-paced routines. Eurostat reports that in 2022, the employment rates throughout all EU Member States surpassed those of 2021. Specifically, the employment rate for men in the EU stood at 80.0%, while for women, it became 69.3%. Among EU Member States, employment rates in 2022 increased from 82.9% in the Netherlands to 64.8% in Italy. As working professionals and busy households grow, microwaves depend more on simplifying food preparation. Microwave ovens have become critical in European kitchens as convenience becomes a concern in shopping selections.

•  Increasing disposable incomes and heightened focus on home cooking

The rising disposable earnings and growing attention on home cooking propel the Europe microwave oven market. In 2023, two-thirds of the world's most wealthy nations were in Europe, per the Legatum Prosperity Index. The European Commission states that household gross disposable income accelerated by 0.9% within the euro location and 1.0% within the EU for the third quarter of 2023. This is mainly due to a vast, high-quality contribution from employee reimbursement. This income growth enables consumers to invest in contemporary kitchen home equipment like microwave ovens. The trend in domestic cooking, spurred by health focus and cost-saving measures, also boosts microwave oven use. This is important for busy households and home cooks, reflecting a broader cultural shift towards valuing time at home and flexible kitchen appliances.

•  Technological advancements

The European microwave oven market is flourishing due to technological advancements. This is mainly smart capabilities and connectivity options, reshaping conventional models for more desirable functionality and comfort. Remote control via mobile apps or voice assistants gives flexibility and efficiency in food preparation. At the same time, seamless integration with different smart home gadgets streamlines cooking experiences as clients seek appliances aligning with their linked lifestyles. Demand for advanced microwave ovens grows, fueling market expansion. For instance, in 2023, Huawei unveiled its next-generation MAGICSwave microwave at the Mobile World Congress, showcasing cross-generational innovations for simplified target networks. This has optimized the overall ownership cost and smoothed the transport network's evolution.

Household segment may take precedence in the Europe microwave oven market

The household sector could dominate the Europe microwave oven market. This is due to its considerable adoption in the home for cooking, reheating, and defrosting functions. Microwave ovens provide comfort, time-saving advantages, and versatility, making them essential kitchen and home equipment for nearby families.

Germany microwave oven market

The microwave oven market in Germany is experiencing a remarkable boom. Busy lifestyles and the demand for quick food are critical drivers in the increase of the German microwave oven market. Microwaves excel at reheating leftovers, defrosting food, and preparing simple meals, aligning flawlessly with cutting-edge German living. Efficiency is noticeably valued among Germans, and microwaves provide a significant time-saving benefit in the kitchen. They also contribute to their vast adoption and popularity in households nationwide.

In the Germany microwave oven market, energy-saving capabilities are essential. This is resonating with sustainability-centered clients. Compact trends like Küppersbusch's Graphite Line, released in July 2023, offer multifunctionality with microwave, grill, and mixed functions, ideal for smaller kitchens. These microwaves boast five output levels, 14 pre-set programs, and an automatic defrost and weight system. Sustainable practices, including microwave-secure reusable bins, also meet eco-conscious needs. This is aiding the market in increasing eco-friendly answers and better capability.

Europe Microwave Oven Market News

Illinois Tool Works Inc, Sharp, LG Electronics, Whirlpool Corporation, GE Appliances, Panasonic Corporation, Samsung Electronics, and Midea Group are the critical players in the Europe microwave oven market.

• In November 2023 - Panasonic Corporation announced its plans to launch a power supply and demand management demonstration project in 2024 at Panasonic Manufacturing UK Ltd., a manufacturer and seller of microwave ovens and other products. The project will utilize pure hydrogen fuel cells and photovoltaic generators for in-house power generation.
• In October 2023 - Under the EU Merger Regulation, the European Commission has sanctioned the acquisition of total authority over Whirlpool Corporation's principal domestic appliances business in Europe, the Middle East, and Africa by Turkey's Arçelik A.Ş.
• In August 2023 - At IFA 2023, LG Electronics (LG) plans to unveil a comprehensive built-in kitchen package that promises to enhance culinary experiences for everyone. The lineup includes an InstaView™ oven, QuadWash™ dishwasher, downdraft induction hob, bottom-freezer refrigerator, and microwave oven, all featuring energy-efficient designs, user-friendly interfaces, and elegant aesthetics.

Type – Market breakup in 3 viewpoints:

1.    Grill
2.    Solo
3.    Convection

Application – Market breakup in 2 viewpoints:

1.    Commercial
2.    Household

Structure – Market breakup in 2 viewpoints:

1.    Built-In
2.    Counter Top

Distribution Channel – Market breakup in 2 viewpoints:

1.    Online
2.    Offline

Country – Market breakup in 9 viewpoints:

1.    France
2.    Germany
3.    Italy
4.    Spain
5.    United Kingdom
6.    Belgium
7.    Netherlands
8.    Turkey
9.    Rest of Europe

All the Key players have been covered from 3 Viewpoints:

•    Overview
•    Recent Development
•    Revenue Analysis

Company Analysis:

1.    Illinois Tool Works Inc
2.    Sharp
3.    LG Electronics
4.    Whirlpool Corporation
5.    GE Appliances
6.    Panasonic Corporation
7.    Samsung Electronics
8.    Midea Group

Report Details: