Global Microwave Ovens Market

The smart microwave ovens market consists of sales of smart microwave oven and related products which include Grill Microwave Oven, Convection Microwave Oven, Microwave/Light-wave Oven and more. Smart microwave ovens are programmed to connect to smart appliances such as phone apps, phone, smart dishwashers, smart speakers and more by which instructions to oven can be given through smart phones and without the need for manual instructions. The companies engaged in manufacturing of smart microwave ovens design, manufacture and market smart microwave oven with Bluetooth, Wi-Fi-enabled, near-field communication and more technologies which enables the consumer to operate the smart device from anywhere for household and business users. The main types of smart microwave ovens are grill microwave oven, convection microwave over, microwave/light-wave over and others and use technology such as Bluetooth, Wi-Fi and NFC. Grill microwave oven use smart technology for grilling and help save time and space. The smart microwave ovens are distributed through hypermarket and supermarket, specialty store, online store and other channels and used by both commercial and personal users. The global smart microwave ovens market size is expected grow from $3.11 billion in 2021 to $3.33 billion in 2022 at a compound annual growth rate (CAGR) of 7.1%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The smart microwave oven market is expected to reach $4.3 billion in 2026 at a CAGR of 6.9%. With increasing consumer preference for technologically advanced products there is a rise in penetration of smart home appliances like smart microwave ovens. The smart microwave oven is gaining interest among consumers as it is remotely accessed and operated with a user-friendly interface. Most manufacturers smart home appliances can communicate with Alexa, iOS, Droid, Dash, Nest and Google Home through which instructions can be given to the smart oven. In 2019, GE announced that its microwave ovens can be operated with Google Assistant using voice commands. Manufacturers are being encouraged to produce innovative and advanced products with customer interest to accept and adopt emerging technology which is expected to drive the market growth. In 2020, Sharp Home Electronics Company of America (SHCA) announced the launch of first smart countertop microwave oven that feature Wi-Fi connectivity and Alexa compatibility for easy hands-free operation. The new smart microwave also responds to voice commands. Cybersecurity paves risk to any smart appliance market with hackers providing a way to operate the appliance to cause harm to the user in any means. The smart microwave ovens can be set to pre-heat or can be controlled for temperature adjustments remotely which means a hacker can potentially cause harm to the user. In 2019, hackers targeted Sony's X800G smart TV, using a Javascript OOB read bug to exploit the television's built-in web browser, by doing this the team earned $15,000. In 2019, June Oven, a smart oven of June was reported to pre-heat by itself without the interference of the user overnight. The safety issues arising due to cyber-attacks might hinder the smart microwave ovens market growth during the forecast period. Scan-to-cook feature is a technology which makes the preparation and cooking of pre-packaged and frozen foods easier with a scan of the barcode over the package by the smart phone with the use of an associated app. The customized and recommended instructions are sent to the microwave oven with a barcode scan which results in perfection of the meals being prepared. In 2019, Amazon launched Alexa smart oven with Scan-to cook feature which is a combination of microwave, convection cooker, air fryer, and food warmer which works well with many pre-packaged foods those by Amazon-owned Whole Foods as well. Whirlpool introduced the first scan-to-cook technology into the market. Further, in 2021, LG announced the launch of Double Oven Gas Slide-in Range and Over-the-Range Microwave Oven with scan-to-cook feature. The brand has partnered with Boston-based AI start-up Foodspace Technology to develop scan-to-cook feature. With a busy lifestyle globally, many families prefer frozen foods for meals and with the advantage of Scan-to-cook feature the user need not depend on frozen food preparation instructions which takes guesswork out of cooking and results in perfection which is expected boost the demand of smart microwave ovens market. In 2019, LG Electronics USA, Inc., a South Korea-based leading manufacturer of home appliances, consumer electronics and mobile communications partnered with Tovala. The partnership of integrating Tovala IQ™ technology into LG smart ovens benefits both the companies and the customers as the customers can scan the Tovala's food package barcode to extract the data from Tovala's database for the final preparation of the food. Tovala, a US-based all-in-one appliance and gourmet meal service which aims at simplifying home cooking with the meals prepared by professional chefs and delivered to doorstep which require few minutes for final preparation. Major players in the smart microwave ovens market are Electrolux AB, Whirlpool Corporation, LG Electronics, Breville USA Inc., Panasonic, GE(Haier), Sharp, SAMSUNG, Robert Bosch, BSH Home Appliances Corporation, Dacor Inc. Asia Pacific was the largest region in the smart microwave ovens market in 2021.Western Europe was the second-largest region in the smart microwave oven market. The regions covered in the smart microwave oven market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the smart microwave ovens market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global smart microwave ovens market is segmented - 1) By Product Type: Grill Microwave Oven, Convection Microwave Oven, Microwave/Light-Wave Oven, Others 2) By Technology: Bluetooth, Wi-Fi, NFC 3) By Distribution Channel: Hypermarket and Supermarket, Speciality Store, Online Store, Others 4) By End-User: Commercial, Personal

The small electrical appliances manufacturing market consists of revenues generated by entities (organizations, sole traders, or partnerships) that carry out design, manufacturing, and sales of small electrical appliances. The market also consists of sales of small electric appliances and electric housewares including household-type fans (except attic fans), household-type vacuum cleaners, and other electric household-type floor care machines. The main products of small electrical appliances are household type fans, household type vacuum cleaners, and other household type small electric appliances. A fan is an electrical appliance used for cooling. The various types of household fans include ceiling fan, table fan, tower fan, wall mounted fan, pedestal fans, exhaust fans, and misting fans. The small electrical appliances are used for home, and commercial applications that are distributed through supermarket and hypermarkets, specialty Stores, E-Commerce and other distribution channel. The global small electrical appliance market size is expected to grow from $117.65 billion in 2021 to $136.99 billion in 2022 at a compound annual growth rate (CAGR) of 16.4%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The small electrical appliances manufacturing market is expected to reach $240.46 billion in 2026 at a CAGR of 15.1%. Increased electrification especially in rural areas has contributed to the growth of the small electrical appliances market in the forecast period. Electrification coupled with the rise in disposable income has boosted the demand for household type fans. For example, in India, the percentage of rural population with access to electricity increased to 90% in 2019. The net disposable income of Per capita rose to $1,836.68 during the 2019-2020 period, exhibiting a spike of 6.8% compared to the previous period, with a growth rate of 10.0%. Rise in disposable income increased the purchasing power of the people which in turn has increased the market for small electrical appliances. Rise in awareness about the adverse effects of high energy consumption, and the carbon footprint associated with the usage of several small electrical appliances is expected to restrain the market in the forecast period. Several factors such as increasing internet penetration led to an increase in awareness about the consumption of energy, rising cost of energy and adverse effects associated with the usage of several household appliances such as vacuum cleaners. In 2019, European Union banned the sale of vacuum cleaners containing motors more powerful than 900W. These factors will limit the growth of the small electrical appliances. Small electrical appliance manufacturers are increasingly producing energy-efficient products to reduce carbon footprint and enable energy savings for the consumers. The rise of energy-efficient appliances can be attributed to stringent government regulations on electric home appliances and advances in technology. Energy efficient fans are designed to utilize minimum energy. Currently, over 80 countries have standards and labels for energy efficient appliances. For example, in the USA, ENERGY STAR certified ceiling fans provide cutting edge design, use latest technology and are 60% more efficient than conventional ceiling fans. In 2021, Electrolux had acquired La Compagnie du SAV (CSAV), the main French independent service provider (ISP) specialized in repairing domestic appliances. The acquisition is fully in line with the Electrolux Group strategy to offer outstanding experiences to consumers, ensuring they get the most out of their appliances during the complete lifecycle of the product. With this acquisition they can further strengthen their service network in France allowing them to meet the growing market demand in the after-sales service area in the best possible way. Major players in the small electrical appliances market are AB Electrolux, Dyson Ltd., Panasonic Corporation, Koninklijke Philips N.V., Haier Group Corporation, Midea, Miele & Cie. KG, Samsung Electronics Co., Ltd., LG Electronics, and BISSELL. Asia Pacific was the largest region in the small electrical appliances market in 2021. Western Europe was the second-largest region in the small electrical appliances market. The regions covered in the small electrical appliance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the small electrical appliances market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global small electrical appliance market is segmented - 1) By Product: Household Type Fans, Household Type Vacuum Cleaners, Other Household Type Small Electric Appliances 2) By Application: Home, Commercial 3) By Distribution Channel: Supermarkets and Hypermarkets, Specialty Stores, E-Commerce, Others

The household cooking appliances market consists of revenues generated by entities (organizations, sole traders, or partnerships) that carry out design, manufacturing, and sales of household cooking appliances. The market also includes sales of household-type electric and nonelectric cooking equipment. These include microwave ovens, electric stoves, barbeques and grills, and others. The main product of household cooking appliance are electric stoves, microwave ovens, barbecues and grills and other household cooking appliance. An electric stove or electric range is a stove with an integrated electrical heating device to cook and bake. Some modern stoves come in a unit with built-in extractor hoods. Electric stove "burners" may be controlled by a rotary switch with a finite number of positions, each of which engages a different combination of resistances and hence a different heating power, or may have an "infinite switch" called a simmer stat. Some may have a thermostat. The various fuel used in household cooking appliances are cooking gas, and electricity. The household cooking appliances are used for household and commercial applications. The global household cooking appliance market size is expected to grow from $110.76 billion in 2021 to $121.17 billion in 2022 at a compound annual growth rate (CAGR) of 9.4%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The household cooking appliance market is expected to reach $165.77 billion in 2026 at a CAGR of 8.2%. Growing popularity of energy-efficient cooking appliances is expected to increase the demand for electric stoves. Cooking efficiency of electric stoves is high when compared to gas cooktops as majority of the heat energy through gas cooktops is not transferred while cooking. Electric stoves are designed to consume minimum energy and provide easy temperature control. For instance, with the introduction of energy efficient appliances, the US government is spending 56% less on energy requirements thereby reducing emissions. Limited compatibility of electric cooktops with cooking vessels is expected to act as a restraint on the market. Electric cooktops are compatible with cooking vessels made of cast iron and steel and are not compatible with those made of aluminum and copper because of their magnetic and electrical properties. Aluminum and copper require much greater frequencies to produce the heat needed to cook food. Companies in the household cooking appliance market are increasingly launching technologically-advanced multi-functional ovens to cater to the rising demand for multi-functional appliances with additional benefits. These multi-functional ovens use a wide range of methods to provide customized and easy cooking. These ovens use devices to guide and instruct users in the process of cooking. Apart from these, they also come with catalytic and pyrolytic self-cleaning functions. The catalytic self-cleaning feature allows the use of special chemical installed liners to absorb grease, while the pyrolytic self-cleaning function of these ovens allows them to clean the dirt and grease using high temperatures. For instance, Electrolux’s EOY5851AAX oven uses different programs and functions to make the process of cooking easy and customized. It has the pyrolytic cleaning technology that allows self-cleaning. In October 2019, Empire comfort systems, a manufacturer of broilmaster premium grills, acquired primo ceramic grills. Through this acquisition Empire comfort systems will expand its presence in the premium grill market. Primo ceramic Grills Company is a USA based company involved in the manufacturing of oval shaped ceramic grills. Major players in the household cooking appliances market are LG Electronics Inc, Electrolux AB, Panasonic, Haier Group, Whirlpool Corporation, SMEG, Kenmore, Samsung Electronics, Galanz Enterprise Group, and Philips. Asia Pacific was the largest region in the household cooking appliances market in 2021. Western Europe was the second-largest region in the household cooking appliances market. The regions covered in the household cooking appliance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the household cooking appliances market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global household cooking appliance market is segmented - 1) By Product: Electric Stoves, Microwave Ovens, Barbecues and Grills, Others 2) By Application: Household, Commercial 3) By Fuel Type: Cooking Gas, Electricity

The household appliance market consists of sales of household appliances by entities (organizations, sole traders and partnerships) that produce small electric appliances, electric housewares, and major household appliances. The main types of household appliance are small electrical appliance, household cooking appliance, household refrigerator and home freezer, household laundry equipment and other major household appliance. Household laundry equipment refers to machinery and equipment that includes residential laundry equipment such as washing machines and dryers. The appliances are operated by online and offline mode and are used for cooking, cleaning, and other applications. The global household appliances market size is expected to grow from $502.28 billion in 2021 to $557.70 billion in 2022 at a compound annual growth rate (CAGR) of 11.0%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The household appliance market is expected to reach $818.87 billion in 2026 at a CAGR of 10.1%. The rising trend of outdoor parties and cookouts on weekends and holiday is expected to drive the market for barbeques and grills in the forecast period. Rapidly evolving lifestyle along with the increasing outdoor recreational activities will increase the demand for barbeque machines and grills. The Europe barbeque grill market is expected to grow to $5.98 million by 2026. Increasing access to unique camping sites, and increasing adventure camping, coupled with the rising disposable income will drive the market for barbeques globally, which in turn will boost the market for household appliances in the forecast period. Increasing demand for online on demand laundry services is expected to restrain the market for household washing machines in the forecast period. The on-demand laundry services market is expected to be aided by stable economic growth forecast in many developed and developing countries. The International Monetary Fund (IMF) stated that the global real GDP growth was 3.7% over 2019 and 2020, and 3.6% from 2021 to 2023. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. For instance, China is forecast to register GDP growth of 6.2% in 2019. Stable economic growth, increasing internet penetration, and rising disposable income coupled with hectic lifestyle of individuals will lead to an increase in on demand laundry services, thereby decreasing the market for household washing machines. Household appliance manufacturers are embedding LED lights in their products to minimize power consumption. LED lights require lesser wattage as compared to CFL or incandescent light bulbs. Household appliance manufacturers are more focused on introducing products with LED lighting for minimal power consumption and improved visual appearance. For instance, GE’s LED refrigerator lighting systems minimizes power consumption by 80% compared to halogen lamps. The company has introduced products such as café’s French door refrigerators and profile wall ovens with this lighting. For instance, some of the major companies manufacturing LED lighting include Philip Electronics N.V., Osram Opto, Digital Lumens Inc and Cree Corporation. Major companies in the household appliance market include Samsung Electronics Co. Ltd., Haier Smart Home Co. Ltd., LG Electronics, Qingdao Haier Co. Ltd., Daikin Industries Ltd, Whirlpool Corp, Midea Group co ltd, Robert Bosch GmbH, Apple and Electrolux AB. Asia Pacific was the largest region in the household appliances market in 2021. Western Europe was the second largest region in the household appliances market. The regions covered in the household appliance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the household appliances market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The global household appliances market is segmented - 1) By Type: Small Electrical Appliance, Household Cooking Appliance, Household Refrigerator and Home Freezer, Household Laundry Equipment, Other Major Household Appliances 2) By Application: Cooking, Cleaning, Others 3) By Mode: Online, Offline Subsegments Covered: Household Type Fans, Household Type Vacuum Cleaners, Other Household Type Small Electric Appliances, Electric Stoves, Microwave Ovens, Barbecues and Grills, Other Household Cooking Appliances, Refrigerators, Freezers, Ice Boxes, Refrigerator/Freezer Combinations, Washing Machines, Ironers, Dryers, Other Household Laundry Equipment, Dishwashers, Waste Disposable Units, Water Heaters, All Other Major Household Appliances

The barbecues and grills market include sales of barbecues and grills that use charcoal, gas or electricity as fuel to cook food. Barbeque grills are majorly made with porcelain enameled cast iron, porcelain-enameled steel, and stainless steel that cooks food by providing heat from below. This industry comprises establishments primarily engaged in manufacturing household-type barbeque grills. The main products of barbecues and grills are built-in grills, freestanding grills and portable grills. Grills that are built into a countertop or cooking surface are known as built-in grills. In most cases, they are surrounded by an outdoor kitchen (barbecue setup). The various fuel used are gas, charcoal, electric and are used for household and commercial applications. The global barbecues and grills market size is expected to grow from $17.62 billion in 2021 to $21.35 billion in 2022 at a compound annual growth rate (CAGR) of 21.2%.The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The barbecue and grill market is expected to reach $42.02 billion in 2026 at a CAGR of 18.4%. The rising popularity of outdoor parties, camping and caravanning is driving the growth of the barbeques and grills market. As the number of people opting for outdoor recreational activities is increasing, the demand for barbeques and grills is rising. Campers and holidaymakers prefer cooking food on barbeque grills over stoves. According to the survey commissioned by the Hearth, Patio & Barbecue Association (HPBA), 24% of the respondents preferred grilling on a camping trip and 21% at a vacation home party. The availability of substitutes for barbeques and grills is acting as a restraint on the market. Smokers, solar stoves, spit rotisseries, pit ovens and infrared grills are increasingly being used as substitutes for barbeques and grills. These devices are easy to use, produce higher temperatures and are efficient. For instance, infrared grills produce higher temperatures of 1200 F compared to conventional grills that produce 700 to 750 F. Moreover, infrared grills start producing heat faster and require less time for cooking. Manufacturers of barbeques and grills are focusing on adding new technological features to cater to the changing needs of the customers. Some of these features include touch screen controls, automatic fuel measurement, automatic heat controls and voice recognition. For instance, in February 2019, Spectrum Brands introduced the GEORGE FOREMAN smokeless grill series with open grate technology that produces 80 percent less smoke compared to the previous model. In March 2019, Kenyon International, Inc introduced a touch-controlled system technology, IntelliKEN Touch. The company’s electric grills Floridian, SilKEN Grill and Texan Grill available with this technology provide 16 exclusive heat settings and produce heat of wide temperature ranging between 150 to 550 degrees Fahrenheit. In October 2019, Empire comfort systems, a manufacturer of broilmaster premium grills, acquired primo ceramic grills. Through this acquisition Empire comfort systems will expand its presence in the premium grill market. Primo ceramic Grills Company is a USA based company involved in the manufacturing of oval shaped ceramic grills. Major players in the barbecues and grills market are The Coleman Company Inc, Spectrum Brands, The Middleby Corporation LLC, Char-Broil LLC, Kenmore, Traeger, LANDMANN, Broilmaster, FIRE MAGIC, and Weber-Stephen Barbecue Products India Private Limited. Asia Pacific was the largest region in the barbecues and grills market in 2021. Western Europe was the second-largest region in the barbeques and grills market. The regions covered in the barbecues and grills market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the barbecues and grills market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global barbecues and grills market is segmented - 1) By Product: Built-In Grills, Freestanding Grills, Portable Grills 2) By Application: Household, Commercial 3) By Fuel Type: Gas, Charcoal, Electric

The electric stove market includes sales of electric stoves that convert electricity to heat and serve as an alternative for gas stoves. Electric stoves contain a thermostat, spiral or coil shaped burners placed on top and heat-producing elements for baking and cooking. The main products of electric stoves are built-in and free-standing. Built-in stoves are completely self-contained. They fit tightly between cabinets and appear to be a part of the cabinets, but they are not. They have a cooktop with burners above an oven, as well as a drawer at the base. The different materials used are metal stoves, stone stoves, ceramic stoves and others that are used for residential use, commercial use and industrial use. The global electric stoves market size is expected to grow from $20.40 billion in 2021 to $21.04 billion in 2022 at a compound annual growth rate (CAGR) of 3.1%.The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The electric stove market is expected to reach $21.70 billion in 2026 at a CAGR of 0.8%. Growing popularity of energy-efficient cooking appliances is expected to increase the demand for electric stoves. Cooking efficiency of electric stoves is high when compared to gas cooktops as majority of the heat energy through gas cooktops is not transferred while cooking. Electric stoves are designed to consume minimum energy and provide easy temperature control. For instance, with the introduction of energy efficient appliances, the US government is spending 56% less on energy requirements thereby reducing emissions. Limited compatibility of electric cooktops with cooking vessels is expected to act as a restraint on the market. Electric cooktops are compatible with cooking vessels made of cast iron and steel and are not compatible with those made of aluminum and copper because of their magnetic and electrical properties. Aluminum and copper require much greater frequencies to produce the heat needed to cook food. Manufacturers of electric stoves are focusing on adding new technological features to cater to changing needs of customers. Some of the features include automatic temperature regulation, automatic shutdown and touchscreen control. For example, the GE JP328SKSS 30 stainless steel electric cooktop has advanced features with removable drip bowls that are attached below the coils for easy cleaning of accumulated spillage and leftovers. The graphics are easy to read and control and cook top is provided with red light indicator that illuminates to indicate cook top is active. Major players in the electric stoves market are Philips, Panasonic, Haier Group, AB Electrolux, Bosch, Broseley Fires, Esse, Faber, Galanz, GE, Whirlpool, and Sunpentown. Asia Pacific was the largest region in the electric stoves market in 2021. Western Europe was the second-largest region in the electric stoves market. The regions covered in the electric stove market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the electric stoves market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global electric stoves market is segmented - 1) By Product: Built-In, Free-Standing 2) By Material: Metal Stove, Stone Stove, Ceramic Stove, Others 3) By Application: Residential Use, Commercial Use, Industrial Use

The restaurants and mobile food services market consists of sales of restaurants and mobile food services and related goods by entities (organizations, sole traders and partnerships) that provide food services to patrons who order and are served while seated (i.e., waiter/waitress service) and pay after eating; provide food services to patrons who generally order or select items (e.g., at a counter, in a buffet line) and pay before eating; or prepare and/or serve a specialty snack (e.g., ice cream, frozen yogurt, cookies) and/or nonalcoholic beverages (e.g., coffee, juices, sodas) for consumption on or near the premises. This market includes revenues from sales by restaurants to a delivery service but not the revenues of the delivery service itself. The types of restaurants and mobile food services are full-service restaurants, limited-service restaurants, cafeterias, grill buffets, and buffets, and mobile food services. A cafeteria is a self-service restaurant where customers select their meal from a counter and pay for it before taking it to their table. Cafeterias are typically situated in public facilities such as hospitals and retail establishments. The services are owned by chained and standalone markets and the price ranges from high-end to economy. The global restaurants and mobile food services market size is expected to grow from $2,672.94 billion in 2021 to $2,958.31 billion in 2022 at a compound annual growth rate (CAGR) of 10.7%. The growth in the restaurants and mobile food services market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The restaurants and mobile food services market is expected to reach $4,262.20 billion in 2026 at a CAGR of 9.6%. Globalization is expected to pave the way for more joint ventures, foreign investments, global expansion and multi-national companies setting up facilities in high growth regions, thereby allowing restaurant operators to offer their cuisines to customers around the world. Globalization is also making it easier for restaurants to procure exotic ingredients and hence provide more sophisticated and wider variety of dishes to its customers, thereby giving restaurants an opportunity to compete globally. Furthermore, globalization has increased the number of potential vendors for restaurants, lowering the bargaining power of suppliers and thus helping the bottom line. For example, McDonald's produces in many countries and has franchises around the world. It invests and supports initiatives to adapt its products and services to different locales to ensure its global brand. This rise in globalization is likely to boost investments and consequentially drive the market going forward. The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the restaurants and mobile food services market in 2020 as governments globally imposed restrictions on domestic and international travel limiting the need for services offered by these establishments. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of lockdown and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the restaurants and mobile food services market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Establishments in the restaurant and mobile food services market rely heavily on recommendations and reviews, therefore restaurants are promoting themselves through social media platforms. Mobile applications like GrubHub and JustEat allow customers to review, browse the menu and nutrition information, order and make reservations. Social media are enhancing customer loyalty and public reputation as customers share photos and reviews, thereby increasing awareness of restaurants. For example, restaurants are adopting live streaming restaurant videos to engage online followers and interact with them. Social media hence are expected to be a significant driver of the restaurant and mobile food services industry. Major companies in the restaurants and mobile food services market include Darden Restaurants, Yum China Holdings Inc., McDonald's, Chipotle, Berkshire Hathaway Inc., Subway; Zensho Holdings Co Ltd, Chick-fil-A, Brinker International, Bloomin’ Brands. Asia Pacific was the largest region in the restaurants and mobile food services market in 2021. North America was the second largest region in the restaurants and mobile food services market. The regions covered in the restaurants and mobile food services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the restaurants and mobile food services market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The global restaurants and mobile food services market is segmented - 1) By Type: Full-Service Restaurants, Limited-Service Restaurants, Cafeterias, Grill Buffets, And Buffets, Mobile Food Services 2) By Ownership: Chain Market, Standalone Market 3) By Pricing: High-End, Economy

The butane gas cartridges market consists of sales of butane gas cartridges by entities (organizations, sole traders, and partnerships) that contain liquified butane gas mixed with a much smaller amount of Propane. These are manufactured using metal for better storage function and are most commonly used for camping and picnics, sealing poly bags, metalworking, pest control, and fumigation. The main types of butane gas cartridges are below 220g/unit, 220-250g/unit, and above 250g/unit. Below 220g/unit cartridges are mainly used for portable gas stoves, fogging machines, butane lanterns, and others. The different applications include medical, stoves, food and beverages, commercial, others and used in various verticals such as pharmaceutical and biotechnological companies, chemical and petrochemical companies, food and beverage companies, other sectors. The global butane gas cartridges market is expected to grow from $431.99 million in 2021 to $466.6 million in 2022 at a compound annual growth rate (CAGR) of 8.0%. The butane gas cartridge market is expected to grow to $556.73 million in 2026 at a CAGR of 4.5%. The increase in population density in urban areas across the globe is contributing to the growth of the butane gas cartridges market. Butane gas cartridges are used to store the butane gas or a mixture of butane and propane gas. Liquefied petroleum gas (LPG) is a mixture of butane and propane is used for cooking and higher population density is associated with the higher usage of LPG. For instance, countries in East Asia and the Pacific region saw the highest growth in their urban populations in the historic period. In 2019, China’s urban population, reached 60.3% of the total population, while India’s urban population accounted for 34.5%. According to the Ministry of Petroleum and Natural Gas of India estimates LPG consumption is expected to grow to 30.3 million tonnes by 2030 and 40.6 million tonnes by 2040. Therefore, an increase in urban population density is driving the usage of LPG or butane gas, which in turn, drives the market for butane gas cartridges. Strategic collaborations are a key trend gaining popularity in the butane gas market. Major companies operating in the butane gas cartridges sector are focused on strategic collaborations and partnerships to strengthen their position. For instance, in November 2019, ITM Power, a UK-based company that manufactures integrated hydrogen energy solutions collaborated with Iwatani Corporation, a Japan-based industrial gases company that offers butane gas cartridges for the integration of multi-MW electrolyzer-based hydrogen energy systems in North America. Furthermore, in November 2020, Iwatani Corporation collaborated with Toyota, a Japan-based automotive manufacturer to bring seven new hydrogen refueling stations to Southern California. In October 2019, The Carlyle Group, US-based alternative asset management, and financial services corporation acquired a 37% stake in Cepsa from Mubadala for an undisclosed amount. The Carlyle Group acquired Cepsa in order to maintain its majority stake in Europe's largest privately-owned integrated energy company. Cepsa is a Europe-based company that manufactures butane gas cartridges. Major players in the butane gas cartridges market are Taeyang Corp, Ultracare Products, Coleman, Aspire Industries, Marina Corporation, Kampa, Zhejiang Jinyu, Balkan Gasovi, Iwatani Corporation, and Gasmate. Asia Pacific was the largest region in the butane gas cartridges market in 2021. The regions covered in the butane gas cartridges market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the butane gas cartridges market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The global butane gas cartridges market is segmented - 1) By Type: Below 220g/Unit, 220-250 g/Unit, Above 250 g/Unit 2) By Application: Medical, Stoves, Commercial, Others 3) By End-User: Pharmaceutical and Biotechnological Companies, Chemical and Petrochemical Companies, Food and Beverage Companies, Others