Market Trends of UAE Dishwasher Industry
This section covers the major market trends shaping the UAE Dishwasher Market according to our research experts:
Growing Hospitality Industry in UAE is Driving the Market
The United Arab Emirates has long been recognized as a premier tourism and leisure destination. Over the past decade, these sectors have experienced rapid and sustained growth, becoming a key component of the UAE's successful economic diversification strategy. The country's strategic location, fast-growing world-class airlines, improved transportation infrastructure have helped the country to grow. The leisure facilities have become a key component of the United Arab Emirate's economic diversification strategy and helped the country to attract international hospitality giants like Marriott International, Hyatt, and Hilton. Meanwhile, the domestic brands DAMAC, Emaar, Jumeirah hospitality groups expanded rapidly in the country. A 2022 research on hotel projects in the emirate of Dubai in the United Arab Emirates (UAE) revealed that approximately half of the 118 planned hotel developments were expected to be finished by the end of 2022. The growing number of international and domestic hotel projects will increase the demand for commercial dishwashers during the forecast period in UAE.
Increase in expatriates set to drive growth of the Market
The UAE's Population in 2022 stands at 10.08 Million. The total expat population of UAE in 2022 is 8.92 Million. The number of foreigners settling in the UAE has grown due to the plentiful job opportunities the country offers. Particularly, with Expo 2020 creating a wide scope in the job market, we can expect an increase in the number of foreigners in the coming years. The country's efforts to attract foreign investment as part of Expo 2020, and the subsequent increase of expatriate residents, are likely to help drive volume sales of dishwashers in the forecast period, especially those from developed countries, who are accustomed to using dishwashers.
