Market Trends of United Arab Emirates Home Appliances Industry
Growing Expatriate Population is Driving the Market
The United Arab Emirates has a rapidly growing expatriate population due to migration from other countries. The growing expatriate population and low import duties are supporting the growth of the home appliances market in the United Arab Emirates. Leading companies are working on launching technology-driven home appliances, keeping in mind the needs of the working-class population. The important reason behind the rising demand for smart home appliances is the tech-savvy young population. Young people find more value in the concept of smart homes and connected devices mainly because of the convenience that these devices offer.
The Refrigerator Segment Holds the Largest Share in the Market.
The United Arab Emirates Refrigerator market is expected to grow due to the rising demand for energy-efficient and sustainable technology equipment and growing preference towards frozen & chilled products. Expansion of the food and beverage industry, bustling tourism, along with the upcoming smart cities development projects would contribute to the Refrigerator market growth. Growing investments in the innovation of refrigerator units, rising income levels, and a rise in consumer spending power are some of the key trends stimulating market growth. Furthermore, increasing nuclear family count and environmental changes are anticipated to boost the growth of the overall market.
