DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/gg43l9/global_builtin) has announced the addition of the "Global Built-in Microwave Oven Market 2016-2020" report to their offering.
The report predicts the global built-in microwave oven market to grow at a healthy CAGR of 7% during the forecast period. The consumers' increasing interest towards kitchen remodeling and renovation is a significant growth-promoting factor in this market during the forecast period.
The recent change in kitchen design and trends is the key driver for the growth of this market. With the increase in disposable income, consumers are investing more on renovating their kitchen. This change in the consumers' preference is expected to force vendors to add new streamlined appliances to their portfolio, which in turn will result in market growth.
The report estimates the North American region to account for a market share of nearly 42% by 2020. This region currently dominates the market and is envisaged to retain its dominating hold over the market due to the augmented investments made by consumers towards kitchen remodeling and renovations, which will improve the aesthetic appeal of their residences.
In the global market for built-in microwaves, competition among the leading companies is intense. However, due to increasing consumer expenditure on electric kitchen appliances, especially built-in home appliances, the market is expected to grow rapidly during the forecast year. The vendors' potential to thrive in this market is high, provided they offer products that are competitively priced.
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Market drivers
PART 08: Impact of drivers
PART 09: Market challenges
PART 10: Impact of drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
For more information visit http://www.researchandmarkets.com/research/gg43l9/global_builtin