UAE Electric Kitchen Appliances Market
UAE Electric Kitchen Appliances Market Size Expanding at Steady CAGR of 6.5% to Touch USD 10 Billion by 2029
Published | 05 April 2023
UAE electric kitchen appliances market size is flourishing due to growing trends towards smart homes and IoT devices, and demand for environmentally sustainable appliances.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated UAE electric kitchen appliances market size at USD 6.36 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects UAE electric kitchen appliances market size to grow at a significant CAGR of 6.5% reaching a value of USD 9.85 billion by 2029. The market's expansion is primarily attributed to rising consumer disposable income, product innovation, and the addition of several value-added features. Also, increased digitalization and increased consumer awareness of smart hubs support market growth. Many development projects, expatriates, and the country's thriving tourism sector are the primary drivers of this increase in demand.
UAE Electric Kitchen Appliances Market – Overview
Electric kitchenware is designed for efficient, straightforward cooking. Electricity is used to power kitchen appliances. These appliances are primarily used in kitchens for cleaning, cooking, and food storage. Although electric kitchen appliances dominate the market, solar, renewable, and cooking fuel all significantly contribute to the powering of kitchenware gadgets. The stove, refrigerator, and dishwasher are a few of the most crucial kitchen appliances. Also, there are several countertop-built appliances, such as coffee makers, food processors, and blenders. They are less expensive and used for certain cooking purposes. They are rising in popularity among consumers owing to lifestyle changes brought on by a considerable increase in disposable income.
Impact of COVID-19 on UAE Electric Kitchen Appliances Market
Demand for large appliances, such as refrigerators, ovens, food processors, and blenders, has surged owing to the disease's prevalence. Once the virus spread, most individuals worked from home, necessitating the creation of several equipment that could carry out duties more swiftly and effectively than previous techniques. Due to the rapidly growing demand for consumer home appliances, the UAE market will reach new heights by 2029. Also, the market is positively impacted by the growth of sensor-equipped remote-controlled kitchen appliances and the creation of energy-efficient electric kitchen appliances.
UAE Electric Kitchen Appliances Market - By Distribution Channel
The UAE electric kitchen appliances market is segmented into Internet Retail, Brick and Mortar Shops, Supermarkets and Hypermarkets, Specialty Stores, and Department Stores based on distribution channel. Their market share is dominated by the online retail sector. Due to the straightforward financing options, numerous discounts, and variety of brick-and-mortar retail outlets that are accessible to customers through online channels, the market for electric kitchen appliances in the UAE is growing. Also, the expansion of electric kitchen appliances in the UAE and the rise in demand for remotely operated kitchen appliances are being driven by growing consumer interest in smart homes and the acceptance of connected appliances.
UAE electric kitchen appliances market is competitive. Major players in the market include LG Electronics, Samsung Electronics, Panasonic Corporation, Bosch Home Appliances, Siemens Home Appliances, Haier Group Corporation, Miele Group, Electrolux AB, Beko Global, Whirlpool Corporation, and KitchenAid. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the UAE electric kitchen appliances market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of UAE Electric Kitchen Appliances Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in UAE Electric Kitchen Appliances Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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- UAE Electric Kitchen Appliances Market - By Product Type (Refrigerators & Freezers, Dishwashers, Ovens & Cooktops, Range Hoods, Coffee Makers & Grinders, Blenders & Mixers, Food Processors, Toasters & Grills, Kettles, Others); By Price Range (Low-End, Mid-Range, Premium); By Distribution Channel (Online Retail, Brick & Mortar Stores, Supermarkets & Hypermarkets, Specialty Stores, Department Stores), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
Publish Date: April 2023
Growing population and urbanization, growing demand for kitchen appliances, rise in disposable income levels of consumers, allowing them to invest in higher quality and more expensive appliances, and government initiatives to encourage energy-efficient appliances could boost the growth of UAE Electric Kitchen Appliances Market during the forecast period between 2023 and 2029.
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