The revenue in the 'Microwave Ovens' segment of the household appliances market in the United States was forecast to continuously increase between 2024 and 2029 by in total 0.6 billion U.S. dollars (+30 percent). After the seventh consecutive increasing year, the indicator is estimated to reach 2.59 billion U.S. dollars and therefore a new peak in 2029.
Data provided by Statista Market Insights are estimates.
Definition: A microwave oven is an electric oven that heats and cooks food by exposing it to electromagnetic radiation in the microwave frequency range. Microwave ovens can be categorized by installation method into freestanding and built-in models. Of the two, built-in microwaves generally provide more power and have additional ventilation. Moreover, microwave oven prices vary according to the features of a given device, ranging from microwave-only appliances (also known as solo microwaves) to combination ovens with grill, steam, and convection functions. Convection ovens without microwave functions, built-in combination ovens with grill, steam, and convection functions, as well as microwave oven accessories, such as microwave cookware and spare parts, are not included in this segment.
Additional information: The market comprises key performance indicators such as revenues, volume, price per unit, average revenue and volume per household, and sales channels.
Note that the volume sales only refer to B2C (business to consumer) sales, via both the offline and the online channel. The average revenue and volume per household are determined by dividing the revenues and volume by the number of households, where a household refers to a house and its occupants, regarded as a unit. Finally, price per unit refers to the cost of a single unit of the product.
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Statista. (May 22, 2024). Revenue of the microwave industry in the United States from 2019 to 2029 (in billion U.S. dollars) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/forecasts/1451301/indicator-revenue-by-segment-microwave-ovens-small-appliances-market-united-states
Statista. "Revenue of the microwave industry in the United States from 2019 to 2029 (in billion U.S. dollars)." Chart. May 22, 2024. Statista. Accessed August 25, 2024. https://www.statista.com/forecasts/1451301/indicator-revenue-by-segment-microwave-ovens-small-appliances-market-united-states
Statista. (2024). Revenue of the microwave industry in the United States from 2019 to 2029 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/forecasts/1451301/indicator-revenue-by-segment-microwave-ovens-small-appliances-market-united-states
Statista. "Revenue of The Microwave Industry in The United States from 2019 to 2029 (in Billion U.S. Dollars)." Statista, Statista Inc., 22 May 2024, https://www.statista.com/forecasts/1451301/indicator-revenue-by-segment-microwave-ovens-small-appliances-market-united-states
Statista, Revenue of the microwave industry in the United States from 2019 to 2029 (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1451301/indicator-revenue-by-segment-microwave-ovens-small-appliances-market-united-states (last visited August 25, 2024)
Revenue of the microwave industry in the United States from 2019 to 2029 (in billion U.S. dollars) [Graph], Statista, May 22, 2024. [Online]. Available: https://www.statista.com/forecasts/1451301/indicator-revenue-by-segment-microwave-ovens-small-appliances-market-united-states