Market Trends of UAE Kitchen Hoods Industry
This section covers the major market trends shaping the UAE Kitchen Hoods Market according to our research experts:
Increase in Building Construction in UAE
As families get smaller, they are opting for flats, which has resulted in an increase in building construction around the country. As a result, real estate prices are rising, and the UAE market is experiencing overcapacity. Despite this, there is a growing demand for modular kitchens in residential properties in order to make better use of available space. As the demand for modular kitchens grows, so does the demand for kitchen hoods. Rapid economic development and a rise in the number of building construction across the UAE coupled with a growing population, of ex-pats in the region, will result in the demand for modular kitchen designs in the UAE.
Vision 2030 of KSA and Sheikh Zayed Housing Programme (UAE) with plans to construct housing in the countries is going to positively affect the demand for the modular kitchens industry in the UAE.
Growing Urbanization Boosts The Demand For The Market
The urban population across the UAE is anticipated to display a significant adoption rate and substantial growth in kitchen hood market revenue. The kitchen hood market is expected to exhibit considerable growth in the coming years owing to the rise in disposable incomes, coupled with rapid urbanization that has led to enhanced consumer spending.
Apart from changing lifestyles and working styles, urbanization has led to growth in the organized retail sector. This, in turn, has led to a change in consumers' buying behaviour. In particular, the decision-making process before buying something has been significantly affected. The rise in urbanization has also led to people having additional disposable income.
The market is anticipated to witness steady demand for kitchens hood due to rising spending capacity and rapid urbanization in the emerging regions. Consumers are progressively seeking value-added products that can enhance the home living experience and are affordable at the same time.
