Market Size of UAE Gas Hobs Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | 4.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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UAE Gas Hobs Market Analysis
The UAE gas hobs industry has been witnessing optimal growth in recent years and is likely to continue even in upcoming years. Gas hobs are among the most essential equipment needed for cooking and find their place in most of the modern houses. Hobs are basically modern gas stoves that are inbuilt into our kitchen slabs and help in saving a lot of space. Innovative features such as the incorporation of flame failure detection technology which automatically shuts off when gas leakage is observed and is one of the major reasons for the rise in demand for hobs in the market.
The manufacturers of hobs are focused on making them more energy efficient and convenient to use and at the same time improving the overall performance of hobs to provide a better cooking experience to the consumers as a result of which the demand for hobs is anticipated to increase in the market. The growing number of smart homes also plays a major role in boosting the demand for hobs in the market. Hobs are so designed that they consume less amount of energy or fuel for the same amount of work that a normal cooktop would take which is a major attraction or the consumers and leads to fuelling the demand for hobs in the market.
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.
UAE Gas Hobs Industry Segmentation
The report offers complete background analysis of the Gas Hobs Market, which includes an assessment of the emerging market trends by segments, significant changes in the market dynamics, and the market overview. The UAE Gas Hobs Market is segmented by Product Type (Desktop Gas Hobs, Embedded Gas Hobs), by End User (Household, Commercial).
By Product Type | |
Desktop Gas Hobs | |
Embedded Gas Hobs |
By End User | |
Household | |
Commercial |
UAE Gas Hobs Market Size Summary
The UAE gas hobs market is experiencing robust growth, driven by the increasing demand for modern cooking solutions in contemporary households. Gas hobs, which are integrated into kitchen slabs, offer space-saving benefits and are becoming essential kitchen equipment. The market is witnessing a surge in demand due to innovative features like flame failure detection technology, which enhances safety by automatically shutting off gas supply in case of leaks. Manufacturers are focusing on improving energy efficiency and user convenience, which, along with the rise of smart homes, is further propelling market growth. The shift towards energy-efficient and low-carbon solutions is aligning with global trends, making gas hobs an attractive option for consumers seeking modern and sustainable cooking appliances.
The market is also benefiting from increased disposable income and the trend of nuclear families, making residential hobs more affordable and appealing. The construction of new households is a significant driver of demand, as participants in the market introduce products with advanced features at competitive prices. The growing urbanization and adoption of smart devices in developing economies are expected to bolster market expansion. The UAE gas hobs market is moderately fragmented, with regional and international players like Bosch, Elica, Faber, LG, Panasonic, and Whirlpool Corporation competing to capture market share. These companies are innovating with products like induction hobs and smart kitchen appliances, which integrate advanced technologies to enhance the cooking experience.
UAE Gas Hobs Market Size - Table of Contents
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1. MARKET DYNAMICS
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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 Value Chain / Supply Chain Analysis
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1.5 Porter's Five Forces Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Desktop Gas Hobs
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2.1.2 Embedded Gas Hobs
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2.2 By End User
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2.2.1 Household
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2.2.2 Commercial
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UAE Gas Hobs Market Size FAQs
What is the current UAE Gas Hobs Market size?
The UAE Gas Hobs Market is projected to register a CAGR of less than 4% during the forecast period (2024-2029)
Who are the key players in UAE Gas Hobs Market?
Bosch, Panasonic , LG , Elica and Faber Spa are the major companies operating in the UAE Gas Hobs Market.