Commercial Microwave Ovens Market Size, Share, Growth, And Industry Analysis by Type (Under 1 Cu. Ft Type, 1 to 1.9 Cu. Ft Type, Over 2 Cu.ft Type) by Application (Food Service Industry, Food Industry), Regional Insights and Forecast To 2032

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COMMERCIAL MICROWAVE OVENS MARKET REPORT OVERVIEW

global commercial microwave ovens market size was USD 6.81 billion in 2023 and market is projected to touch USD 11.43 billion by 2032 at CAGR 6.7% during the forecast period.

Commercial microwaves ovens are high-powered appliances designed specifically for cooking and heating large quantities of food. They feature heavy-duty built with stainless steel exteriors and durable interiors, and high capacities to accommodate trays and pans. Commercial units utilize advanced Variable Power Levels to precisely control heating intensity for different foods. They are used liberally in busy commercial kitchens for applications like quickly reheating refrigerated foods, defrosting meats, rapidly boiling water, parcooking ingredients, and preparing convenience foods. Their super-fast speed and versatility to handle a wide range of commercial cooking tasks make commercial microwaves indispensable in most foodservice settings.

The commercial microwave ovens market size is gradually growing due to rising demand from the food industry. With fast-paced operations and a need to offer freshly prepared items rapidly, more restaurants, cafeterias and other businesses are implementing commercial microwaves ovens. Furthermore, the demand for ready-to-eat meals is increasing, resulting in a greater need for dependable, high-capacity ovens. Rapid expansion in the food truck and catering industries is also driving commercial microwave sales. In addition, key technological improvements such as smart sensors and one-touch programmed settings are enhancing functionality and fueling purchases as replacements for older models. With busy consumers dining out more, the foodservice industry is thriving, leading in turn to greater utilization of time- and labor-saving commercial microwaves.

COVID-19 Impact: Pandemic-Induced Lockdowns Disrupt Commercial Microwave Sales

The COVID-19 pandemic has been unprecedented and staggering, with commercial microwave ovens market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels once the pandemic is over.

The pandemic had a major impact on the commercial microwave oven business. With restaurants, hotels, and catering facilities shuttered or running at severely reduced capacity for months, it's reasonable that new oven purchases were postponed. Kitchen equipment upgrades and refreshes were most likely the last thing on the minds of business owners as they struggled to keep their doors open and employees paid in the face of great uncertainty. The 3-4% global sales decline estimates don't fully capture the pain felt by smaller independent foodservice providers across local communities. However, some bright spots did emerge - major pizza chains, fast food outlets and meal delivery apps experienced surges in takeout and delivery orders from Americans stuck at home. Investing in additional microwaves specifically for heating up these pre-made items became crucial to keep up with booming demand. As the world inches toward post-pandemic normalcy and eateries reopen with gusto, so too will robust sales growth in the commercial microwave oven market.

LATEST TRENDS

"Integration of Smart Technology in Commercial Microwaves Enhances Functionality"

One notable trend is the integration of smart technology in the newest commercial microwaves. Leading manufacturers like General Electric and Samsung are adding Internet of Things capabilities, touchscreen controls, and built-in sensors to gather usage data. This allows operators to analyze cooking patterns and customize settings. Speed-cook technology built into Panasonic’s latest commercial microwaves delivers rapid reheating using a combination of pre-programmed algorithms, automatic sensors and inverter power levels tailored to specific foods. Top brands remain focused on improving functionality for commercial kitchens - Sharp has launched an optional rear-venting kit to maximize installation flexibility, while Amana’s extra wide ovens can accommodate three full-size steam table pans simultaneously, demonstrating product evolution targeted at foodservice industry needs and feedback.

COMMERCIAL MICROWAVE OVENS MARKET SEGMENTATION

By Type

Depending on commercial microwave ovens market given are types: Under 1 Cu. Ft Type, 1 to 1.9 Cu. Ft Type, Over 2 Cu.ft Type. The Under 1 Cu. Ft Type will capture the maximum market share through 2027.

• Under 1 cu. ft. Type: This segment features compact and space-efficient microwave ovens that are perfect for tiny commercial kitchens or businesses with restricted countertop area. These units usually offer fundamental functions but are favored for their cost-effectiveness and user-friendliness, making them a hit among small enterprises and new ventures.

• 1-1.9 cu. ft. Type: Within this category, there are adaptable microwave ovens that are well-suited for various commercial uses. They offer larger cooking capacities and increased versatility in preparing food, all while being compact in size. These models often come with advanced cooking features, customizable options, and are ideal for medium-sized restaurants, cafes, and catering services.

• Over 2 cu. ft. Type: Meeting the needs of extensive cooking demands, this category features high-capacity microwave ovens ideal for bustling professional kitchens and event venues, as well as large-scale food service establishments. These units offer spacious cooking areas and the ability to cook multiple dishes or larger food items simultaneously. They often come with advanced functions like various power settings and customizable menus, along with a sturdy design built to endure frequent use.

By Application

The market is divided into Food Service Industry, Food Industry based on application. The global commercial microwave ovens market players in cover segment like Food Service Industry will dominate the market share during 2022-2027.

• Food Service Industry: This category consists of eateries, bistros, inns, catering companies, and other venues that cook and serve meals to patrons. Microwave ovens used in this category are specifically made for cooking in large quantities and speedy meal preparation, in addition to providing fast and efficient service catering to the diverse requirements of the food service sector.

• Food Industry: The sector of food production encompasses both the manufacturing and processing of food, along with facilities for packaging. Within these facilities, industrial microwave ovens play a crucial role in various tasks such as heating and dehydrating ingredients and partially processed goods. These appliances are essential for optimizing production procedures, maintaining the quality of products, and complying with regulations and norms within the industry.

DRIVING FACTORS

"Expansion of International Foodservice and Hospitality Sectors Drives Demand"

One major driver fueling the rising demand for commercial microwaves is continuous expansion of the international foodservice and hospitality sectors. As busy and time-strapped lifestyles become more prevalent globally, dining out at restaurants, hotels, workplace canteens and other foodservice establishments has sharply increased. With billions of meals served from these venues annually across the world, demand has escalated rapidly for equipment that can speed up cooking times of consumables. Commercial microwaves allow kitchen staff to rapidly heat up varied menu items from frozen foods to cooked dishes to baked goods when needed by guests or employees. With analysts forecasting elevated long-term growth trends in the global foodservice industries, sustained demand for supporting equipment like heavy-duty, reliable commercial microwaves is imminent.

"End-User Input Drives Product Innovations in Commercial Microwaves"

Another major catalyst fueling strong commercial microwave sales is product innovations tailored specifically to end-user functionality in professional kitchen settings. Responding to input from chefs and business owners, leading manufacturers have developed a range of built-in features that maximize convenience and ease of use, driving purchases and replacements. These include one-touch instant settings that simplify programming for commonly cooked items, automated sensors that track and adjust heating time and power based on food type and weight, and virally resistant exteriors that combat bacteria growth in busy environments. Commercial microwaves able to seamlessly integrate into existing kitchen workflows through enhanced interfaces, intuitive controls and smart self-adjusting technology solve key pain points for the foodservice industry.

RESTRAINING FACTORS

"High Upfront Costs of Quality Units Pose a Challenge"

One notable challenge hampering commercial microwave ovens market growth is the high upfront costs of quality units for busy foodservice settings. Commercial-grade ovens with features like sophisticated sensors, programming for mass quantities and stainless steel construction retail over $1,000 per unit - much higher than residential consumer microwaves. Many small restaurants, bakeries, coffee shops and emerging food trucks find these wholesale equipment purchases too expensive upfront despite the long-term benefit. Economic fluctuations in certain global markets also force prospective food industry buyers to tighten budgets, pushing off new investments. The premium price points of durable and technologically advanced commercial microwaves beyond cost sensitivities of some foodprep owners therefore restrain the pace of market expansion.

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COMMERCIAL MICROWAVE OVENS MARKET REGIONAL INSIGHTS

"North America Leads the Market With Advanced Distribution Frameworks"

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America and Middle East & Africa.

North America leads the market in terms of overall commercial microwave ovens market share. The region possesses an enormous industry encompassing fast food chains, fine dining establishments, cafes, hotels, hospitals and more. With a densely concentrated retail sector and some of the world's busiest restaurant kitchens, reliance on speedy, high-capacity heating appliances remains extremely high. Economic improvements after the pandemic ensuring market stability as well as investments in expanding product availability by brands attracted by North America's advanced distribution frameworks also foster continued dominance. Furthermore, the region is witnessing a promising growth in ghost or cloud kitchens as well as meal kit delivery concepts that depend heavily on commercial microwaves for food prep and rethermalization.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

The commercial microwave ovens market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of wardrobe options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features in cloth wardrobes, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

List of Top Commercial Microwave Ovens Companies

• Galanz (China)
• Midea (China)
• Panasonic (Japan)
• SHARP (Japan)
• Whirlpool (U.S.)
• Electrolux (Sweden)
• Siemens (Germany)
• GE(Haier) (China)
• LG (South Korea)
• Samsung (South Korea)
• Toshiba (Japan)
• Bosch (Germany)
• Breville (Australia)

INDUSTRIAL DEVELOPMENT

January 2022: The FitKitchen Value Series line has been introduced by Welbilt, a well-known manufacturer of commercial kitchen equipment, for the North American market. Innovative features created especially for small-to medium-sized restaurant operators are included in this most recent commercial microwave lineup. FitKitchen microwaves feature a simple programming interface and built-in sensors that automatically adjust cook times and power levels for optimal heating results. The Value Series is designed to bring enterprise-grade technology to compact countertop models at affordable price points for budget-conscious foodservice establishments. Its launch aligns with Welbilt's 2022 growth strategy focused on expanding commercial appliance accessibility to new customer demographics across the United States and Canada.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.