Market Size of Qatar Small Home Appliances Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | > 2.10 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Qatar Small Home Appliances Market Analysis
COVID-19 had a moderate effect on Qartar Small Home Appliances market. The increase in staying in home and work from home has promoted the daily usage of Small Home Appliances. This led to increase in purchase of new Appliances and also replacement of old appliances.
Qatar holds the lowest unemployment rate and highest GDP per capita income, which is leading to a rise in disposable income. Therefore, this is driving the citizens to spend more on the Small home appliances industry. The day to day improving technology, the innovation that is being introduced in the small appliances of the industry, and an increasing level of internet penetration, which is strengthening m-commerce and mobile shopping in the region, are a few of the major factors that are driving the small home appliances market in Qatar. Qatar's booming construction industry is also encouraging the sales of home appliances, as customers are highly interested in procuring their new home with the latest appliances and furniture that fits their home size and give their home an attractive look. Consumers are also attracted to appliances that can be connected to smartphones and are wireless. Furthermore, appliances that minimizes consumers average time and effort are attracting attention in the recent times. Smart connectivity is a growing segment of the industry, which enables a consumer to monitor or operate the appliances, even when they are away. The Qatar government's initiative to replace the old, high-power consuming appliances is also a driving factor that has the high potential to increase the sales for less power and water utilizing appliances, with minimized harmful emissions.
Qatar Small Home Appliances Industry Segmentation
Small appliances are semi-portable or portable machines, basically used on platforms such as counter-tops and tabletops to accomplish a certain household task. Some of the small appliances function equally as major appliances and perform similar tasks such as an oven. The Qatar Small Home Appliances Market is Segmented by Product (Vacuum Cleaners, Hair Clippers, Irons, Toasters, Hair Dryers, Coffee Machines, Grills and Roasters, and Other Products) and by Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online Stores, and Other Distribution Channels).
By Product Type | |
Vacuum Cleaners | |
Hair Clippers | |
Irons | |
Toasters | |
Hair Dryers | |
Coffee Machines | |
Grills and Roasters | |
Other Products |
By Distribution Channel | |
Supermarkets/Hypermarkets | |
Specialty Stores | |
Online Stores | |
Other Distribution Channels |
Qatar Small Home Appliances Market Size Summary
The Qatar small home appliances market is experiencing growth driven by several key factors. The shift towards remote work and increased time spent at home have led to a rise in the usage and purchase of small home appliances. This trend is further supported by Qatar's low unemployment rate and high GDP per capita, which are boosting disposable incomes and encouraging consumer spending in this sector. Technological advancements and innovations in small appliances, along with increased internet penetration, are enhancing m-commerce and mobile shopping, thereby fueling market expansion. The construction boom in Qatar also plays a significant role, as new homeowners seek to equip their residences with the latest appliances that offer smart connectivity and energy efficiency. Government initiatives aimed at replacing high-power consuming appliances with more sustainable options are expected to further drive market growth.
The e-commerce sector in Qatar is a significant contributor to the small home appliances market, with a high internet penetration rate facilitating online purchases. The government's Connect 2020 ICT Policy has bolstered internet usage, encouraging consumers to explore online shopping platforms. This has led to a rise in internet-based sales, a trend anticipated to continue due to the convenience offered. The construction industry, a major contributor to Qatar's GDP, is seeing increased residential projects, prompting manufacturers to introduce aesthetically pleasing and technologically advanced appliances. The market is moderately consolidated, with major players like LG Electronics, Samsung Electronics, and Haier dominating. However, mid-size to smaller companies are gaining traction through technological advancements and strategic partnerships, such as Whirlpool's collaboration with Tadmur Trading to enhance its market presence in Qatar.
Qatar Small Home Appliances Market Size - Table of Contents
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1. MARKET INSIGHTS AND DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Market Opportunities
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1.5 Industry Attractiveness- Porter's Five Forces Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargainning Power of Buyers
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1.5.3 Bargainning Power of Suppliers
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1.5.4 Threat of Substitutes
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1.5.5 Intensity of Competative Rivalry
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1.5.6 Industry Value Chain Analysis
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1.6 Insights into Latest Technological Innovations and Recent Trends in the Industry
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1.7 Consumer Buying Behaviour Analysis
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1.8 Insights on Government Regulations in the Industry
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1.9 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Vacuum Cleaners
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2.1.2 Hair Clippers
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2.1.3 Irons
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2.1.4 Toasters
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2.1.5 Hair Dryers
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2.1.6 Coffee Machines
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2.1.7 Grills and Roasters
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2.1.8 Other Products
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2.2 By Distribution Channel
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2.2.1 Supermarkets/Hypermarkets
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2.2.2 Specialty Stores
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2.2.3 Online Stores
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2.2.4 Other Distribution Channels
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Qatar Small Home Appliances Market Size FAQs
What is the current Qatar Small Home Appliances Market size?
The Qatar Small Home Appliances Market is projected to register a CAGR of greater than 2.10% during the forecast period (2024-2029)
Who are the key players in Qatar Small Home Appliances Market?
LG Electronics , Samsung Electronics, Panasonic, BSH Hausgeräte GmbH and Haier are the major companies operating in the Qatar Small Home Appliances Market.