Market Size of GCC Kitchen Hood Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR (2024 - 2029) | > 3.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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GCC Kitchen Hood Market Analysis
The GCC Kitchen Hood Market is expected to register a CAGR of greater than 3% during the forecast period(2024-2029).
The GCC Kitchen Hood market will continue to grow due to increased building, utilities, development, and infrastructure projects. The market is optimistic about the growing infrastructure and construction in urban regions. Because of the expanding population and the influx of foreign people, countries like Saudi Arabia and the United Arab Emirates are developing their cities.
GCC countries are also reforming the market by diversifying their economies and attracting foreign direct investment. Strong demand for residential units is projected to boost market building and fuel demand for modular kitchens, which in turn would fuel demand for kitchen hoods. Because more people are leading a busy and sedentary lifestyle, they want energy-saving and time-saving alternatives, such as modular kitchens.
COVID-19 pandemic stifled the demand for kitchen hoods in the Gulf Cooperation Council (GCC). To save costs, it has disrupted supply chains, caused a shortage of goods, and terminated contracts. Closing retail stores, supermarkets, and other businesses causes market constraints. On the other hand, the market has grown significantly due to online business and work-from-home policies.
