Gas Hobs Market in GCC Market Size (2024 - 2029)

The GCC gas hobs market is experiencing growth driven by product innovation and the introduction of advanced kitchen appliances. Factors such as a rising expatriate population, low import levies, increased disposable income, and improved living standards are contributing to the expansion of the market size. Despite challenges like supply chain disruptions and reduced consumer demand due to the economic impact of COVID-19, there are opportunities for growth in products that cater to heightened hygiene concerns and increased home cooking activities. The market's future performance will be influenced by the extent of economic disruption and the recovery of consumer appliance demand post-lockdown.

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Market Size of Gas Hobs Industry in GCC

markeet cagr
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 7.00 %
Market Concentration Medium

Major Players

Gas Hobs Market in GCC Major Players

*Disclaimer: Major Players sorted in no particular order

GCC Gas Hobs Market Analysis

The GCC appliances market is driven by product innovation due to technical improvement, resulting in the introduction of new goods such as hobs into the market. Hobs are sophisticated gas stoves incorporated into the kitchen slabs, saving a lot of room. Rapidly rising expatriate population and cheap import levies are also contributing to the growth of the GCC gas hobs market. Additionally, increased disposable income and rising living standards are two significant aspects leading to the high demand for gas hobs equipment. The high rise in consumer hobs will fuel the expansion of the GCC gas hobs market by 2027.

As the gas hobs business struggles with supply chain disruption and weaker consumer demand as a result of the economic effect of COVID-19, possibilities exist in products that address heightened hygiene concerns and at-home activities such as cooking in 2020 and beyond. Longer term, the magnitude of the impending economic disruption and the amount of consumer appliance demand lost during the lockdown are the two important 'known unknowns' that will shape future market performance.

Local culture interacts with this crisis - for example, lockdown and Ramadan combine and create an even greater move towards home cooking. Also, brands are radically changing how and where they are spending money. Part of this is a major shift to "online only," but it has larger implications for event sponsorship, especially if planned and paid for in advance.

GCC Gas Hobs Industry Segmentation

The gas hobs market is segmented by product type (desktop gas hobs, embedded gas hobs), application type (household, commercial), geography (UAE, Saudi Arabia, Qatar, Oman, Kuwait, and Bahrain), and various trends, opportunities, and company profiles. The report offers market size and forecasts for the GCC gas hobs market in value (USD million) for all the above segments.

Product Type
Desktop Gas Hobs
Embedded Gas Hobs
End Use
Household
Commercial
By Geography
UAE
Saudi Arabia
Qatar
Oman
Kuwait
Bahrain
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Gas Hobs Market in GCC Size Summary

The gas hobs market in the GCC is experiencing growth driven by product innovation and technical advancements, leading to the introduction of sophisticated gas stoves integrated into kitchen slabs. This innovation is supported by a rapidly increasing expatriate population and favorable import policies. The market is further bolstered by rising disposable incomes and improved living standards, which are significantly boosting the demand for gas hobs. Despite challenges such as supply chain disruptions and fluctuating consumer demand due to the economic impacts of COVID-19, there are opportunities in products that cater to heightened hygiene concerns and the growing trend of home cooking. The interplay of local culture, such as the combination of lockdowns and Ramadan, has also influenced a shift towards home cooking, prompting brands to adapt their marketing strategies, including a significant move towards online platforms.

Urbanization and enhanced safety features are contributing to the increased use of gas hobs in the GCC, where urban development is still in its nascent stages. This presents an opportunity for governments to embrace sustainability early in the growth process. The demand for high-end appliances is fueled by a preference for home renovation and the trend of nuclear family living, supported by rising per capita disposable income. The market is moderately fragmented, with major players like Haier, Siemens, Bosch, and Electrolux, alongside regional brands such as Sonashi and Nikai gaining traction. The availability of natural gas and petroleum, coupled with urban population growth, is expected to further propel the market. Recent product launches, such as Electrolux's range of gas hobs and LG's culinary equipment, highlight the ongoing innovation and integration of smart technologies in the kitchen appliance sector.

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Gas Hobs Market in GCC Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Insights on technological innovations in the gas hobs industry

    5. 1.5 Value Chain / Supply Chain Analysis

    6. 1.6 Porter's Five Forces Analysis

      1. 1.6.1 Threat of New Entrants

      2. 1.6.2 Bargaining Power of Buyers/Consumers

      3. 1.6.3 Bargaining Power of Suppliers

      4. 1.6.4 Threat of Substitute Products

      5. 1.6.5 Intensity of Competitive Rivalry

    7. 1.7 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product Type

      1. 2.1.1 Desktop Gas Hobs

      2. 2.1.2 Embedded Gas Hobs

    2. 2.2 End Use

      1. 2.2.1 Household

      2. 2.2.2 Commercial

    3. 2.3 By Geography

      1. 2.3.1 UAE

      2. 2.3.2 Saudi Arabia

      3. 2.3.3 Qatar

      4. 2.3.4 Oman

      5. 2.3.5 Kuwait

      6. 2.3.6 Bahrain

Gas Hobs Market in GCC Market Size FAQs

The GCC Gas Hobs Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)

Electrolux, Haier, Bosch, Siemens and Milton are the major companies operating in the GCC Gas Hobs Market.

Gas Hobs Market in GCC Report Snapshots

Gas Hobs Market in GCC Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)