Market Trends of Qatar Gas Hobs Industry
This section covers the major market trends shaping the Qatar Gas Hobs Market according to our research experts:
High Level of Production of Natural Gas in Qatar
Qatar has always been a major producer of natural gas and it even exports it to other countries. Since it is rich in the production of gas, it is available at affordable prices. Even the gas hobs manufacturing companies have utilized this is an opportunity to make their products more viable across the country. People have also found out that using gas hobs in the kitchen was a better option among others as it is quite affordable due to relatively low price of gas and even the maintenance of gas hobs is comparatively cheaper than other alternative options available to them. The usage of gas hobs is also quite evident in Qatar in the contemporary years. This acted as a major driving factor for the increased purchase and usage of gas hobs in Qatar.
Gradual Increase of GDP which is an indicator of rise of Living Standard in Qatar
The GDP per capita in Qatar has been increasing at a constant rate in the past few years. However, in 2020 the growth registered was comparatively lower than that of the previous years due to the COVID-19 outbreak. Apart from 2020, the growth of GDP has been quite evident in all the years from 2017 to 2021. This is due to the increase in the working population and the increased standard of living in Qatar. Moreover, the rate of immigration is also increasing in Qatar due to better working opportunities across different sectors. This has increased overall expenditure on basic house appliances including kitchen appliances like gas hobs. Further, the presence of different types of Gas Hobs has attracted the customer base to spend a considerbale amount on these Gas Hobs. All these factors are expected to further substantiate the overall market in the coming years.
