(MENAFN- America News Hour) Home appliances are referred to the electrical/mechanical machines which accomplish household functions such as cooling, heating, cooking, cleaning and others. Home appliances are widely used by consumers to make their everyday task easy. Nowadays, consumer prefers smart home appliances due to integration of smart technology such as wi-fi connected device which can be monitored by your phone.
Market Size and Forecast
The Middle East home appliance market is expected to grow at robust growth over the forecast period i.e. 2017-2024. Further, the factors propelling the market of home appliance in Middle East region include rising disposable income of the population coupled with rapid urbanization. Additionally, advancement in home appliance technology is envisioned to foster the growth of Middle East home appliance market in the next few years.
Download Sample of This Strategic Report-:
On the basis product type, Middle East home appliance market has been segmented into kitchen appliances, refrigeration appliances, washing appliances, room comfort, water heater appliances, cleaning appliances and entertainment appliances. Moreover, kitchen appliances and room comfort appliance are believed to be the fastest growing segment in overall Middle East home appliance market by the end of 2024. Additionally, kitchen appliances segment is expected to post the highest CAGR of 12.8% during the forecast period.
Furthermore, the Middle East home appliance market has been segmented in terms of countries such as United Arab Emirates (U.A.E), Saudi Arabia, Israel, Qatar, Oman, Kuwait and rest of Middle East. United Arab Emirates (U.A.E.) accounted the largest market of home appliance in terms of revenue in 2016. Moreover, U.A.E. is expected to continue its dominance by the end of 2024 owing to heavy adoption of energy efficient home appliance. Moreover, growing population coupled to changing lifestyle is predicted to fuel to the growth of home appliance market in United Arab Emirates (U.A.E.).
Qatar is projected to be the second largest market of home appliance by the end of 2024. Further, swelled disposable income of the population along with positive GPD growth is envisioned to propel the growth of home appliance market in Qatar.
Market Segmentation
Our in-depth analysis segmented the Middle East home appliance market in the following segments:
By Product Type
Kitchen Appliances
Electrical Ranges
Microwaves
Cooktops
Others
Refrigeration Appliances
Refrigerators
Freezing Systems
Others
Washing Appliances
Washing Machines
Washer Dryer
Dryers
Steam Iron Devices
Others
Room Comfort
Air Conditioners
Room Heaters
Ceiling Fans
Dehumidifier
Others
Water Heater Appliances
Storage Tank Water Heaters
Solar Water Heaters
Gamma Electric Iron Rods
Others
Cleaning Appliances
Vacuum Cleaners
Dishwashers
Others
Entertainment Appliances
Televisions
Others
Middle East Home Appliance Market
By Type
Traditional Home Appliances
Smart home Appliances
By Distribution Channel
Supermarkets and Hypermarkets
Specialty Stores
E-Commerce
Departmental Stores
Others
By Region
Middle East home appliance market is further classified on the basis of region as follows:
United Arab Emirates (U.A.E) Market size, Y-O-Y growth & Opportunity Analysis
Saudi Arabia Market size, Y-O-Y growth & Opportunity Analysis
Israel Market size, Y-O-Y growth & Opportunity Analysis
Qatar Market size, Y-O-Y growth & Opportunity Analysis
Oman Market size, Y-O-Y growth & Opportunity Analysis
Kuwait Market size, Y-O-Y growth & Opportunity Analysis
Rest of Middle East Market size, Y-O-Y growth & Opportunity Analysis
Growth Drivers and Challenges
Factors such as growing demand for next generation home appliance integrated with technology such as wi-fi, bluetooth and others are believed to be the dynamic factor behind the rapid growth of home appliance market in Middle East. Further, rapid growth towards energy efficient home appliance products along with technological advancement in kitchen appliances such as microwaves and others are anticipated to flourish the growth of home appliance market over the forecast period.
Download Sample of This Strategic Report-:
Furthermore, growing population and rapid infrastructure development are also projected to elevate the growth of home appliance market. Additionally, rise in per capita income coupled with rapid urbanization and penetration of online stores are presumed to foster the growth of home appliance market over the next few years. Likely, growing popularity of next generation home appliance is also projected to flourish the growth of home appliance market.
However, high cost associated with home appliances is expected to hinder the growth of home appliance market during the forecast period.
Key players
The major key players for home appliance market are as follows
Haier Electronics Group Co. Ltd
Company Overview
Key Product Offerings
Business Strategy
SWOT Analysis
Financials
Whirlpool Corporation
Electrolux AB
LG Electronics
Panasonic Corporation
Samsung Electronics
Sanford Electronics comapny
Concord Home applinace
Midea Group Co., Ltd.
Hitachi, Ltd
About Kenneth Research:
Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products' demand, growth and opportunities for new and existing players.
Contact Us
Kenneth Research
Email:
Phone:+1 313 462 0609
James Bullock
James Bullock is a Research Expert with a demonstrated history of working in the professional training & coaching industry. Strong professional skilled in business strategy , Strategic Planning, Research Strategy, and Marketing. also have interest in new innovations and technology
MENAFN25022021004545010068ID1101658919
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.