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Due to the economic impact of COVID-19, the gas hobs industry is currently dealing with supply chain disruption and reduced consumer demand. However, in 2020 and beyond, there may be opportunities for goods that address rising hygiene concerns and at-home activities like cooking.
Currently, there are about greater than 4 million people living in Oman, and that number is rising. Omanis reside overwhelmingly in metropolitan areas. Both domestic population growth and the price of gas stoves have increased in Oman. The market for gas hobs in Oman is primarily driven by market participants' modernization, rising purchasing power, and innovation in product. Manufacturers are creating new products to keep up with the rate of technological advancement, which is assisting the industry.
The market for gas hobs in Oman is expanding as a result of the country's rapidly expanding expatriate population and low import taxes. One of the main factors driving up demand for hobs in the market is the addition of cutting-edge technologies like flame failure detection technology, which immediately turns off when a gas leak is seen.
Scope of the Report
The Oman gas hobs market is segmented by product type (desktop gas hobs, embedded gas hobs), by application type (household, commercial), and by Distribution Channel (Offline, Online). The report offers market size and forecasts for the Oman gas hobs market in value for all the above segments.
|By Product Type|
|Desktop Gas Hobs|
|Embedded Gas Hobs|
|By End User|
|By Distribution Channel|
Key Market Trends
Rising Disposable Income is Driving the Market
An increase in disposable income is driving up demand for domestic gas hobs by making them more accessible. Another important factor driving the increase in demand for hobs in the market is the rise in per capita disposable income, which is paired with the rise in the number of families choosing to live apart in nuclear homes.
Consumer spending on modular home construction has increased as a result of the rising demand for effective storage and space-saving that maximises floor utilisation in compact places. In order to improve aesthetics and general home comfort, consumers are installing sophisticated has hobs in kitchens, which is fueling significant development potential.
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Favorable Demographics is Boosting the Market
It is projected that Oman's urban population will exhibit a high acceptance rate and rapid revenue growth for kitchen hoods. Due to rising disposable incomes, fast urbanisation, and increased consumer spending, the market for gas hobs is predicted to develop significantly over the next few years.
The organised retail industry has expanded as a result of urbanisation, in addition to changing lifestyles and working habits. The purchase habits of customers have changed as a result. Particularly affected has been the decision-making process before making a purchase. Increased urbanisation has also resulted in a rise in disposable income among the population.
The market is anticipated to witness steady demand for gas hobs due to rising spending capacity and rapid urbanization in the emerging regions. Consumers are progressively seeking value-added products that can enhance the home living experience and are affordable at the same time.
The Oman Gas hobs market is fragmented with many international players operating in the country. Some of the major players included are Bosch, Electrolux, Rinnai, Prestige, Simfer etc
- 2022 - Jashanmal, carrying its 100-year legacy of trust and quality, announced the opening of its first department store in Oman, bringing some of the world's best brands under one roof. Jashanmal is retailing many leading, bestselling brands like De Longhi, Kenwood, Nespresso, Blendtec, Jura, Hoover, and Bertazzoni.
- 2020 - Muscat Kitchen Appliances was established in 2020 and has grown to become one of the market leaders in kitchen appliances across Oman. Muscat Kitchen Appliances is the sole distributor of several leading European brands from Slovenia, Italy, India & Turkey such as Gorenje, Carysil, Fiesta & Nsk in the Sultanate of Oman.
Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porters Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
4.5 Insights into Technological Advancements in the Industry
4.6 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Desktop Gas Hobs
5.1.2 Embedded Gas Hobs
5.2 By End User
5.3 By Distribution Channel
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.9 Candy Home Appliances
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
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Frequently Asked Questions
What is the study period of this market?
The Oman Gas Hobs Market market is studied from 2018 - 2026.
What is the growth rate of Oman Gas Hobs Market?
The Oman Gas Hobs Market is growing at a CAGR of >5% over the next 5 years.
Who are the key players in Oman Gas Hobs Market?
Electrolux, Bosch, Rinnai, Simfer, Prestige are the major companies operating in Oman Gas Hobs Market.