Kuwait Kitchen Hoods 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 Kitchen Hoods Market Analysis
The breakout of the novel coronavirus at the start of 2020 altered the market's fundamental dynamics. Product sales fell in the first months of 2020 due to temporary production halts in the manufacturing industry and a slowdown in the logistics sector. The closure of retail stores, supermarkets, and other businesses causes market constraints.However, the restart of shipping operations and the relaunch of e-commerce websites resulted in a steady growth in Kuwait Kitchen Hoods Market.
Kuwait is a wealthy country with a successful economy. A significant number of billionaire per capita live there, and Kuwait's rich economy is mainly boosted by the petroleum industry. Rapid expansion of the oil industry after World War II has guaranteed the country's economic development. Economic development, along with high urbanization and rise in construction activities in Kuwait drives the demand for kitchen hoods.
High energy consumption and loud noise production can be a restraint to the Kuwait kitchen hoods market. The innovative techniques products can be an opportunity for kitchen hoods in the market. For instance, manufacturers use multiple insulation layers, sound absorbing base, and filtration system motors to reduce noise. This factor is also likely to contribute to the market growth. Rising online sales of kitchen hoods in Kuwait is also driving the market.
Kuwait Kitchen Hoods Market Trends
This section covers the major market trends shaping the Kuwait Kitchen Hoods Market according to our research experts:
Growing Urbanization is Driving the Demand for the Market
The urban population in Kuwait is anticipated to display a significant adoption rate and substantial growth in kitchen hood market revenue. Almost all Kuwaitis are scattered throughout urban areas, and with the Arabian Desert covering most of its land mass, the country has one of the highest urbanization rates in the world. The educational system in Kuwait developed into a fully advanced and complex system, providing equal opportunities for all, regardless of their social status. Given its success, the country today has one of the highest literacy rates.
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. Consumers are progressively seeking value-added products that can enhance the home living experience and are affordable at the same time.
Growing Residential Construction is Driving the Market
The sustainable living environment axis in Kuwait Vision 2035 includes five pillars, the most prominent of which is to provide housing care to citizens through what is planned, to ensure the provision of 65.5 thousand housing units through five projects costing about KWD 3.22 billion (USD 10.5 billion), the last of which ends by 2029. The housing question is a top priority for the government, which does its utmost to provide adequate funding for the Public Authority for Housing Welfare (PAHW) to meet its obligations towards the people of Kuwait. When the implementation of these projects is completed, the state will have met approximately 72% of the current housing requests, which stands at 91,000. The growing residential housing construction in Kuwait will demand for modular kitchens, which will furthur rise the demand for kitchen hoods market in Kuwait.
Along with rising residential construction projects, smart homes in Kuwait are also rising due to rapid urbanization and per capita income. Smart home will demand the need for kitchen hoods in the country.
Kuwait Kitchen Hoods Industry Overview
The Kitchen hood market of the Kuwait is moderately fragmented with competition in the market from local and international players in the market. The players are innovating different designs and colours in the kitchens to suit the style of the makers. The players are also investing moreover technology to stand out from the competition.
Kuwait Kitchen Hoods Market Leaders
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Inter Ikea Group
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Hafele
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Teka
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Electrolux
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Bosch
*Disclaimer: Major Players sorted in no particular order
Kuwait Kitchen Hoods Market News
- July 2022 - Franke has launched its new Avant Silence cooker hoods, which the brand says combine high performance with low noise levels. Featuring innovative noise-reducing technology, the new wall and island hoods are said to be ideal for open-plan kitchens. The two new models feature Franke's new Sound Pro Blowers, which offer noise reduction and a more pleasant operating sound. At maximum power, the noise threshold of the hood is limited by up to -6dB and the technology also optimises the sound produced, reducing the disturbance caused by high frequencies.
- August 2020 - Hafele introduced the new filter-free cooker hood in its Hafele premium appliances with the right suction power, elegant design & quality that ensures no fumes & unwanted gas.
Kuwait Kitchen Hoods 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 INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Supply Chain/Value Chain Analysis
4.5 Porter's Five Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Insights into Technological Advancements in the Industry
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Wall Mount
5.1.2 Ceiling Mount/ Island
5.1.3 Under Cabinet
5.1.4 Others
5.2 By Distribution Channel
5.2.1 Offline
5.2.2 Online
5.3 By End User
5.3.1 Residential
5.3.2 Commercial
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Inter Ikea Group
6.2.2 Hafele
6.2.3 Bosch
6.2.4 LG
6.2.5 Electrolux
6.2.6 Faber
6.2.7 Teka
6.2.8 Elba
6.2.9 Miele
6.2.10 Elica*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Kuwait Kitchen Hoods Industry Segmentation
A complete background analysis of the Kuwait kitchen hood market, which includes an assessment of the National accounts, economy, and the emerging market trends by segments, significant changes in the market dynamics, and the market overview is covered in the report.
| By Product | |
| Wall Mount | |
| Ceiling Mount/ Island | |
| Under Cabinet | |
| Others |
| By Distribution Channel | |
| Offline | |
| Online |
| By End User | |
| Residential | |
| Commercial |
Kuwait Kitchen Hoods Market Research FAQs
What is the current Kuwait Kitchen Hoods Market size?
The Kuwait Kitchen Hoods Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Kuwait Kitchen Hoods Market?
Inter Ikea Group, Hafele, Teka, Electrolux and Bosch are the major companies operating in the Kuwait Kitchen Hoods Market.
What years does this Kuwait Kitchen Hoods Market cover?
The report covers the Kuwait Kitchen Hoods Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Kuwait Kitchen Hoods Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Kuwait Kitchen Hoods Industry Report
Statistics for the 2024 Kuwait Kitchen Hoods market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Kuwait Kitchen Hoods analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
