Market Size of Bahrain Small Home Appliances Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | > 2.70 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Bahrain Small Home Appliances Market Analysis
The rise in consumer disposable income, improved quality of life, and ease of use of small home appliances have resulted in the growing demand for the market over the previous years. Growing infrastructural facilities related to restaurants and cafes are largely escalating the consumption rate of such products at several restaurants and cafes. Middle-income groups are largely spending on the small kitchen, and home appliances owing to rising living standards, ease to use, and in order to convenience in lifestyle.
Furthermore, the COVID-19 pandemic disrupted the supply chain and demand patterns and caused economic uncertainties among working individuals, which negatively affected the market growth, particularly in 2020. Leading companies manufacturing electrical appliances said sales had slumped considerably, with many stores remaining shut since the lockdown was introduced in the country. The market recovered at a faster pace in the following years for small home appliances owing to rising urbanization and living standard in Bahrain.