Market Trends of GCC Major Home Appliances Industry
This section covers the major market trends shaping the GCC Major Home Appliances Market according to our research experts:
Smart Homes and Smart Technology is Driving the Growth of Major Appliances
Smart homes market in the GCC is increasing adhesion with increasing digitalization and internet connectivity across the GCC countries. Smart homes along with smart home technology are offering owners increased comfort, convenience, security, and energy efficiency in the large home appliances market. Connected devices are further driving the market my merging the use of the appliance through apps and systems. IoT and smart home automation simplifies the home's environment to a greater extend. These devices help the users to manage and track the functioning of large home appliances through various wireless protocols such as Wi-Fi, 3G, Bluetooth, etc. Majority of the smart homes in GCC are present in the countries United Arab Emirates and Saudi Arabia due to relatively higher urbanization and improved living standards compared to other countries in GCC.
United Arab Emirates dominating the Major Home Appliances Market in GCC
The adoption of heavy energy-efficient appliances is driving the market for major home appliances in GCC. Moreover, a growing population coupled with changing lifestyles is predicted to fuel the growth of the major home appliance market in the United Arab Emirates. Smart home appliances in the United Arab Emirates is also the largest with a growing millennial population, high standard of living, and increasing smartphone penetration. Initiatives of government such as Smart Dubai is forecasted to drive the growth of large applianced such as dryers and dishwashers that have completely low diffusion in the region and UAE. Another significant factor is tourism in UAE, and presence of a large number of commercial places like hotels, resorts etc. As a result, the demand for Major Home Appliances in UAE is ever growing.
