Saudi Arabia Gas Hobs Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 2.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Saudi Arabia Gas Hobs Market Analysis
The COVID-19 pandemic has restricted the construction of housing and building projects and the lockdown restrictions have limited the new purchases owing to the uncertainty in the economy and purchasing power parity but is anticipated to bounce back during the forecast period with the changing situations and customers approach towards the pandemic.
Primary factors driving the industry include increasing per capita income, rising spending capacity, westernization, and product innovation by the market players. Manufacturers are innovating different products in order to keep up with the pace of technological advancement, thus driving the market to the positive side.
However, high price of the product can act as a restraining factor in the market as major population of the consumer group is economical, thus the market can be pulled by other economical cooktops in the coming years. Although, manufacturers are investing heavily in research and development to expand their product line and introduce the product in low budget.
Saudi Arabia Gas Hobs Market Trends
This section covers the major market trends shaping the Saudi Arabia Gas Hobs Market according to our research experts:
Growing Urbanisation is Driving the Market
Growing Urbanization and increased safety of Hobs is significantly contributing to the increased adoption of Hobs in the Saudi Arabia Market. Growth in working class population coupled with trend of fast-food consumption has increased health consciousness among customers. Furthermore, growing trend of miniaturization on the supply-side owing to an increase in nuclear families has led to the designing of the products that are more compact and have the same efficiency. Increasing smart homes is also one of the prominent factors for the growth of the market.These hobs can be easily connected through smartphones via wireless connections such as Wi-Fi and Bluetooth, which send alerts and can be controlled from any part of the house.
Raise in Construction Activities is Driving the Market
Saudi Arabia gas hobs market is driven by Increase in investments in the construction industry, growing urbanisation and rapid industrialisation leading to rise in construction activities. The Saudi Arabian construction market is expected to witness significant growth and offer lucrative potential due to its Vision 2030, NTP 2020, and several ongoing reforms to diversify away from oil. The Vision 2030, NTP 2020, the private sector investment boost, and the ongoing reforms are expected to be the drivers for the Saudi construction market in 2022 and beyond.
Saudi Arabia Gas Hobs Industry Overview
The Saudi Arabia gas hobs market is moderatly consolidated in nature, In terms of market share. Some of the major international players operating currently dominate the market. However, with technological advancements and product innovation, mid-size to smaller companies is increasing their market presence by securing new contracts and by tapping new markets. Some of the major players in the market include Whirlpool, Electrolux, Candy, and Simfer.
Saudi Arabia Gas Hobs Market Leaders
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Electrolux
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Elba
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Ariston
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Gorenje
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Simfer
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Whirlpool
*Disclaimer: Major Players sorted in no particular order
Saudi Arabia Gas Hobs Market News
- 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.
- 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.
Saudi Arabia 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 INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain Analysis
4.5 Porter's Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitutes
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 Type
5.1.1 Desktop Gas Hobs
5.1.2 Embedded Gas Hobs
5.2 By End User
5.2.1 Residential
5.2.2 Commercial
5.3 By Distribution Channel
5.3.1 Multi-Brand Stores
5.3.2 Specialty Stores
5.3.3 Online Stores
5.3.4 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Whirlpool
6.2.2 Electrolux
6.2.3 Candy
6.2.4 Elba
6.2.5 Ariston
6.2.6 Gorenje
6.2.7 Simfer
6.2.8 Glem
6.2.9 Beko*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Saudi Arabia Gas Hobs Industry Segmentation
Unlike ordinary gas stoves, a kitchen hob comes with powerful burners and strong support grills. They are built to be perfectly integrated onto the kitchen top. A complete background analysis of the Saudi Arabia gas hobs market, which includes an assessment of the parental market, emerging trends by segments and regional markets, significant changes in market dynamics and market overview is covered in the report. The Saudi Arabia Gas Hobs Market is segmented By Type (Desktop Gas Hobs ,Embedded Gas Hobs), By End User (Residential, Commercial), By Distribution Channel (Multi-Brand Stores, Specialty Stores, Online Stores, and Other Distribution Channels).
| By Type | |
| Desktop Gas Hobs | |
| Embedded Gas Hobs |
| By End User | |
| Residential | |
| Commercial |
| By Distribution Channel | |
| Multi-Brand Stores | |
| Specialty Stores | |
| Online Stores | |
| Other Distribution Channels |
Saudi Arabia Gas Hobs Market Research FAQs
What is the current Saudi Arabia Gas Hobs Market size?
The Saudi Arabia Gas Hobs Market is projected to register a CAGR of greater than 2% during the forecast period (2024-2029)
Who are the key players in Saudi Arabia Gas Hobs Market?
Electrolux, Elba, Ariston, Gorenje, Simfer and Whirlpool are the major companies operating in the Saudi Arabia Gas Hobs Market.
What years does this Saudi Arabia Gas Hobs Market cover?
The report covers the Saudi Arabia Gas Hobs Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Saudi Arabia Gas Hobs Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Saudi Arabia Gas Hobs Industry Report
Statistics for the 2024 Saudi Arabia Gas Hobs market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Saudi Arabia 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.
