Electric Kitchen Appliances Market Anticipated to Witness a Raid Growth Through 2025
Increasing demand from both
industrial and residential use are some key factors supporting the growth of UAE
electric kitchen appliances market.
According
to TechSci Research report, “UAE
Electric Kitchen Appliances Market By Type (Automatic vs Manual), By Product
Type (Small Kitchen Appliances, Large Kitchen Appliances), By Distribution
Channel (Specialist Retailers, E-commerce, Supermarkets and Hypermarkets,
Department Stores, Others), By End User (Commercial, Residential), By Region, Forecast
& Opportunities, 2025”, the market is expected to undergo a significant CAGR
during the forecast period on account of growing popularity of electric kitchen
appliances for industrial as well as residential use and increasing influence
of western lifestyle. Furthermore, growing popularity of modular kitchen due to
space constrain and rising middle-class population in developing country like
UAE are also acting as major growth factor for electric kitchen appliances market.
Also, the entry of international brands & manufactures and introduction of varied
range of electric kitchen appliances are
anticipated to fuel the growth of UAE electric kitchen appliances market
through 2025. Apart from this,
increasing number of hotels, restaurants and thriving catering industry
are also supporting the growth of electric kitchen appliances market in UAE.
Additionally, low import duties, rising disposable
income and improving living standard are boosting the UAE kitchen appliances
market. The thriving consumer home appliances industry and e-commerce industry
are some other key factors propelling the growth of this market. Moreover,
technological advancements and introduction of connectivity in line with IoT
(Internet of Things) is enabling consumers to access appliances remotely.
Manufacturers are involved in attractive and aggressive marketing tactics which
is further accelerating the growth of UAE kitchen appliances market.
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The UAE
electric kitchen appliances market is segmented based on type, product type,
distribution channel, end user and region. Based on product type, the market is
segmented into small kitchen appliances and large kitchen appliances. Among
them, the small kitchen appliances consisting of juicer mixer grinder,
cooktops/hobs, cooker, kettle, coffee machine and others is expected to
register high growth during the forecast period. The reasons can be attributed
to the easy to use features makes these appliances handy in day-to-day use and
constitute the basic necessity of a kitchen.
Based
on end user, UAE electric kitchen appliances market can be segmented into
commercial and residential sectors. Among them, the residential segment is
expected to witness high CAGR during the forecast period owing to boom in
real-state sector and increasing urbanization. Moreover, growing trend of
modern kitchen and increasing working population are leading to high demand for
electric kitchen appliances from residential sector.
Key players operating in the UAE electric
kitchen appliances market are Haier Electronics Group Co. Ltd, Whirlpool,
Electrolux AB, Defy Appliances (Pty) Ltd, Candy Group, LG Electronics, Godrej
Group, Panasonic Corporation, Samsung Electronics, Viking Range, LLC,
AmicaWronki S.A. and Arcelik A.S. Leading companies are undergoing growth
strategies such as new product launches, mergers & acquisitions and
collaborations.
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“The
increasing demand for energy efficient appliances is pushing manufacturers to
introduce such features in electric kitchen appliances. Also, the companies are now using e-commerce
sites as one of the major sales platform owing to the rise in online shopping
preference among UAE consumers. Moreover, entry of international giants like
Panasonic, Murphy Richards are acting as major booster for the electric kitchen
appliances market growth,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based UAE management consulting firm.
“UAE Electric Kitchen Appliances Market By Type
(Automatic vs Manual), By Product Type (Small Kitchen Appliances, Large Kitchen
Appliances), By Distribution Channel (Specialist Retailers, E-commerce,
Supermarkets and Hypermarkets, Department Stores, Others), By End User
(Commercial, Residential), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of electric
kitchen appliances market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in UAE electric
kitchen appliances market.
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