Kuwait Gas Hobs Market Size
| 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.webp)
*Disclaimer: Major Players sorted in no particular order |
Kuwait Gas Hobs Market Analysis
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 that will shape future market performance.
The Kuwait 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. Rapidly rising expatriate population and cheap import levies are also contributing to the growth of the Kuwait 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 Kuwait gas hobs market by 2027. 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.
Kuwait Gas Hobs Market Trends
This section covers the major market trends shaping the Kuwait Gas Hobs Market according to our research experts:
Kuwait's Growing Urbanization is Driving the Market
Growing urbanization and greater safety of Hobs are both contributing to rising Hob use in Kuwait. In Kuwait, urbanization is growing slowly. 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
Kuwait has a high demand for home renovation and is 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.
Kuwait Gas Hobs Industry Overview
Kuwait Gas Hobs Market is moderatly consolidated in nature. Some of the major players operating currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies is increasing their market presence by securing new contracts and by tapping new markets.
Kuwait 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
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Kuwait Gas Hobs Market News
- On September 2021, Electrolux introduced range of gas hobs varying from 26" to 36". These gas hobs comes with two bras power burners and also feature backlit knobs that turns on once burner is lit.
- On 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
Kuwait Gas Hobs Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Defination
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Analysis Methodology
2.4 Research Phases
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Industry Attractiveness- Porter's Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargainning Power of Buyers
4.5.3 Bargainning Power of Suppliers
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competative Rivalry
4.5.6 Industry Value Chain Analysis
4.6 Insights into Latest Technological Innovations and Recent Trends in the Industry
4.7 Consumer Buying Behaviour Analysis
4.8 Insights on Government Regulations in the Industry
4.9 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Desktop Gas Hobs
5.1.2 Embedded Gas Hobs
5.2 By Application Type
5.2.1 Household
5.2.2 Commercial
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration 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. FUTURE TRENDS AND MARKET OPPORTUNITIES
8. APPENDIX
9. DISCLAIMER
Kuwait Gas Hobs Industry Segmentation
Kitchen Gas Hobs are sophisticated gas stoves that are incorporated into the kitchen slabs, saving a lot of room. Kuwait Gas Hobs Market is segmented by product type (desktop gas hobs, embedded gas hobs) and by application type (household, commercial)
| By Product Type | |
| Desktop Gas Hobs | |
| Embedded Gas Hobs |
| By Application Type | |
| Household | |
| Commercial |
Kuwait Gas Hobs Market Research FAQs
What is the current Kuwait Gas Hobs Market size?
The Kuwait Gas Hobs Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Kuwait Gas Hobs Market?
Electrolux, Haier, Bosch, Siemens and Milton are the major companies operating in the Kuwait Gas Hobs Market.
What years does this Kuwait Gas Hobs Market cover?
The report covers the Kuwait Gas Hobs Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Kuwait Gas Hobs Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Kuwait Gas Hobs Industry Report
Statistics for the 2024 Kuwait Gas Hobs market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Kuwait Gas Hobs analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
