GCC Gas Hobs Market Size
| 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
*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 Market Trends
This section covers the major market trends shaping the GCC Gas Hobs Market according to our research experts:
Growing Urbanization in GCC will drive the Market
Growing urbanization and greater safety of Hobs contribute to rising Hob use in the GCC market. In the GCC area, urbanization is still in its early stages. It 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 are 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. It 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. 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.
GCC Gas Hobs Industry Overview
The GCC gas hobs market is moderately fragmented, with some major players like Haier, Siemens, Bosch, and Electolux. The growth of regional players like Sonashi and Nikai has been gaining importance in the GCC gas hobs market. The rise in urban population and availability of natural gas and petroleum in GCC will boost the gas hobs market.
GCC Gas Hobs Market Leaders
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Electrolux
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Haier
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Bosch
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Siemens
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Milton
*Disclaimer: Major Players sorted in no particular order
GCC Gas Hobs Market News
September 2021- Electrolux introduced a range of gas hobs varying from 26" to 36". These gas hobs come with two bras power burners and feature backlit knobs that turn on once the burner is lit.
December 2021 - LG Electronics (LG) introduced its latest culinary equipment, the LG InstaView Double Oven Gas Slide-in Range and Over-the-Range Microwave Oven, at CES 2022, making life in the kitchen easier than ever. These new premium kitchen appliances, which incorporate the brand's core culinary technologies, are the first to enable seamless integration with the LG ThinQTM Recipe feature, which offers over 18,000 interactive smart recipes and over 10,000 shoppable recipes for the ideal home cooking experience.
GCC Gas Hobs Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Insights on technological innovations in the gas hobs industry
4.5 Value Chain / Supply Chain Analysis
4.6 Porter's Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 Product Type
5.1.1 Desktop Gas Hobs
5.1.2 Embedded Gas Hobs
5.2 End Use
5.2.1 Household
5.2.2 Commercial
5.3 By Geography
5.3.1 UAE
5.3.2 Saudi Arabia
5.3.3 Qatar
5.3.4 Oman
5.3.5 Kuwait
5.3.6 Bahrain
6. COMPETITIVE LANDSCAPE
6.1 Market Competition Overview
6.2 Company Profiles
6.2.1 Electrolux
6.2.2 Haier
6.2.3 Bosch
6.2.4 Siemens
6.2.5 Milton
6.2.6 LG
6.2.7 Whirpool
6.2.8 Nikai
6.2.9 Sonashi
6.2.10 Better Life
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. APPENDIX
9. DISCLAIMER AND ABOUT US
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 |
GCC Gas Hobs Market Research FAQs
What is the current GCC Gas Hobs Market size?
The GCC Gas Hobs Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)
Who are the key players in GCC Gas Hobs Market?
Electrolux, Haier, Bosch, Siemens and Milton are the major companies operating in the GCC Gas Hobs Market.
What years does this GCC Gas Hobs Market cover?
The report covers the GCC Gas Hobs Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the GCC Gas Hobs Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Gas Hobs in GCC Industry Report
Statistics for the 2024 Gas Hobs in GCC market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Gas Hobs in GCC analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
