Gas Hobs Market in GCC - Growth, Trends, COVID-19 Impact, and Forecasts(2022 - 2027)

The GCC appliances market is driven by product innovation as a result of technical improvement, which has resulted in the introduction of new goods such as hobs into the market. Hobs are sophisticated gas stoves that are 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.

Key Market Trends

Growing Urbanization in GCC will drive the Market

Growing urbanisation and greater safety of Hobs are both contributing to rising Hob use in the GCC market. In the GCC area, urbanisation is still in its early stages. This is advantageous since governments here have the chance to adopt sustainability at a very early stage of growth, as opposed to needing to handle challenges in centuries-old, even millennia-old, European towns. Designing and adapting existing urban environments to become more sustainable is critical for the well-being of the communities that live in them, as well as the well-being of the planet - and this is where gas hobs companies must step up their game to look to the future, rather than focusing on today's problems.

Luxury and High-End Gas Hobs to Dominate the Market

The GCC countries have a high demand for home renovation and fond of high-end appliances. The rise in per capita disposable income, combined with the increasing number of families opting to live apart in nuclear homes, is also a key factor driving the market's demand for hobs. Stekio burners were first created for fans of luxury and high-tech performance. This is a pre-mix atmospheric burner with three power levels: rapid, semi-rapid, and auxiliary. With such a design solution, the Stekio burner appeared beautiful and wonderful. The shorter distance between the burner and the pot saves time cooking and money on annual gas costs. Indeed, the goal of obtaining a technically better and visually pleasing burner has been met.

Competitive Landscape

The GCC gas hobs market is moderatley fragmented with some major players like Haier, Siemens, Bosch, Electolux. The growth of regional players like Sonashi and Nikai have been gaining importance in GCC gas hobs market. The rise in urban population and availability of natural gas and petroluem in GCC will boost the gas hobs market.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

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