India Microwave Oven Market: Industry Analysis and Forecast (2021-2027)

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Maximize Market Research's latest report, " India Microwave Oven Market Demand Analysis and Opportunity Outlook 2027", offers a comprehensive analysis of the market. It provides market segments by type and shape, as well as end-user industries and regions.

India Microwave Oven Market size was valued at US$ XX Mn in 2020 and the total revenue is expected to grow at 8.96% through 2021 to 2027, reaching nearly US$ XX Mn.

India Microwave Oven Market Overview

The Indian customer is no more captivated by cooking in a microwave. With customers choosing to buy basic models online over high-end convection models from the stores, the price points are also fronting a downward trend. The class opened by MNCs like LG & Samsung some twenty years back, currently has Indian players like Godrej & Onida, who endure to stock microwaves which face a miserable future compared with rising categories like washing machines & air-conditioners.

According to MMR the report, the microwaves category was in a decline, sales were improving till the 3rd quarter of 2016. Demonetization squeezed this recovery &, overall, the microwaves category declined by 6.9 % (by volumes) in the year 2016 over the year 2015. Sales sustained to drop in the 1st quarter of the year 2017 but started to improve in the 2nd, with a surge in June (+29 % over the last month & 39 % over June 2016) possibly owing to the pre-GST sales presented by retailers. There were signs that these may have been stock clearance sales. Yet, the microwave class dropped by 8.49 % for 2017 compared with H1 in the year 2016. LG had a part in building the class when it used to teach customers how to use the microwave for Indian cuisine.

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India Microwave Oven Market Major Market Players

• Electrolux
• GE Appliances
• Haier Inc.
• June Life Inc.
• LG Electronics
• Panasonic
• Samsung
• Sharp Corporation
• Tovala
• TTK Prestige Ltd
• Whirlpool
• Sub-Zero Group, Inc.
• Alto-Shaam, Inc.
• Illinois Tool Works Inc.
• Galanz
• Midea Group
• Brandt
• Moulinex.

The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world's largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.

Segmentation of India Microwave Oven Market by Types and Applications:

The report has covered the market size by country (regions) for the India Microwave Oven market.
Analysis of the India Microwave Oven Market Share and Competitive Landscape:

This report provides a detailed analysis of the India Microwave Oven Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.

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