Market Size of Gas Hobs Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | 5.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Gas Hobs Market Analysis
COVID-19 has influenced the home appliance and gas hob supply chain. China is a major consumer and manufacturer of various home appliances and consumer electronics, but it also exports a range of raw materials needed to build finished goods to countries such as Bahrain. As a result, the gap between supply and demand is increasing. However, following the pandemic lockdown, new restaurants, pubs, and hotels are opening, resulting in a significant increase in the demand for gas stoves.
Technological improvement has led to the introduction new goods such as hobs into the Bahrain kitchen appliances industry, which is driving the market. Hobs are contemporary gas stoves incorporated into our kitchen slabs, saving a significant amount of room. Kitchen hobs are one of the most important pieces of cooking equipment and can be found in almost every modern home. One of the key reasons for the surge in demand for hobs in the market is the introduction of innovative features such as flame failure detection technology, which immediately turns off when gas leakage is detected.
Gas Hobs Industry Segmentation
Cooking gadgets that use natural gas or propane as a fuel source are known as gas hobs. They are available in various sizes, forms, and styles to meet the demands of different types of kitchens. A built-in hob, for example, is installed inside the kitchen cabinet or frame, but a free-standing gas stove may be put on any flat surface area inside your cooking zone. Bahrain Gas Hobs Market segmented by Type (Built-In Hobs, Free-Standing Hobs), By Application (Hotel, Apartment, Luxury Villa, Others).
By Type | |
Built-In Hobs | |
Free-Standing Hobs |
By Application | |
Hotel | |
Apartment | |
Luxury Villa | |
Others |
Gas Hobs Market Size Summary
The Bahrain gas hobs market is experiencing significant growth, driven by technological advancements and changing consumer preferences. The introduction of modern kitchen hobs, which are integrated into kitchen slabs, is reshaping the landscape of kitchen appliances in Bahrain. These hobs offer innovative features such as flame failure detection technology, enhancing safety and efficiency. Despite their higher price point compared to traditional cooktops, the increased awareness of energy efficiency and the convenience of smart connectivity through Wi-Fi and Bluetooth are attracting consumers. The rise of smart homes and the trend towards miniaturization are further propelling the demand for these compact and efficient cooking solutions.
The market is also influenced by the reopening of restaurants, pubs, and hotels post-pandemic, which has led to a surge in demand for gas stoves. The growing consumer spending power is shifting preferences from traditional cooktops to more modern and energy-efficient hobs. Key players in the market, such as LG, Electrolux AB, Samsung Electronics, Midea, and Panasonic Corporation, are focusing on product innovation and process automation to enhance their offerings and increase production capacity. Collaborations, like that between LG Electronics and LUMI United Technology, aim to develop comprehensive IoT solutions, further driving the market's transformation.
Gas Hobs Market Size - Table of Contents
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1. MARKET DYNAMICS AND INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Insights on Various Regulatory Trends
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1.5 Insights on impact of technology and innovation
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1.6 Industry Attractiveness - Porters' Five Forces Analysis
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1.6.1 Threat of New Entrants
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1.6.2 Bargaining Power of Buyers
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1.6.3 Bargaining Power of Suppliers
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1.6.4 Threat of Substitutes
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1.6.5 Intensity of Competitive Rivalry
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1.7 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Built-In Hobs
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2.1.2 Free-Standing Hobs
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2.2 By Application
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2.2.1 Hotel
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2.2.2 Apartment
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2.2.3 Luxury Villa
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2.2.4 Others
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Gas Hobs Market Size FAQs
What is the current Gas Hobs Market size?
The Gas Hobs Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Gas Hobs Market?
LG, Electrolux AB, Samsung Electronics, Midea and Panasonic Corporation are the major companies operating in the Gas Hobs Market.