Market Snapshot
| Study Period: | 2018-2027 |
| Base Year: | 2021 |
| CAGR: | >2 % |
|
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Market Overview
The Oman Kitchen Hood market will continue to grow as a result of increased building, utilities, development, and infrastructure projects. The market is optimistic about the growing infrastructure and construction in urban regions.
The rising demand for efficient storage & space-saving that optimizes floor usage in small spaces has led consumers to spend more on modular home constructions. Consumers are installing advanced range hood systems in smart kitchens to enhance aesthetics and the overall home comfort, creating robust growth opportunities. Companies are introducing systems with integrated IoT technologies to improve the overall house connectivity. Growing urbanization coupled with increasing government initiatives to renovate aging urban residential buildings will impact the industry statistics.
The advent of the COVID-19 epidemic stifled the demand for kitchen hoods. To save costs, it has disrupted supply chains, caused a shortage of goods, and terminated contracts. The closure of retail stores, supermarkets, and other businesses causes market constraints. On the other hand, the market has grown significantly as a result of online business and work-from-home policies.
Scope of the Report
The report offers complete background analysis of the Gas Hobs Market, which includes an assessment of the emerging market trends by segments, significant changes in the market dynamics, and the market overview. The Oman kitchen hood market is segmented by Product (Wall Mount, Ceiling Mount/ Island, Under Cabinet, and Others) By Distribution Channel (Offline and Online), By End - User (Residential, Commercial). The report offers the market size and forecasts in value (USD Billion) for the above segments.
| By Product | |
| Wall Mount | |
| Ceiling Mount/Island | |
| Under Cabinet | |
| Others |
| By Distribution Channel | |
| Offline | |
| Online |
| By End-User | |
| Residential | |
| Commercial |
Key Market Trends
Increase in Consumer Expenditure
The increase in purchasing power due to rise in disposable income has also led to the surge in the demand for cooking hood in household segment. It is gaining traction in the market as it facilitates easier clean up and pleasant cooking environment.
The rising demand for efficient storage & space-saving that optimizes floor usage in small spaces has led consumers to spend more on modular home constructions. Consumers are installing advanced range hood systems in smart kitchens to enhance aesthetics and the overall home comfort, creating robust growth opportunities. Companies are introducing systems with integrated IoT technologies to improve the overall house connectivity. Growing urbanization coupled with increasing government initiatives to renovate aging urban residential buildings will impact the industry statistics.
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Growing Urbanization is Boosting the Demand for the Market
The urban population in Oman is anticipated to display a significant adoption rate and substantial growth in kitchen hood market revenue. The kitchen hood market is expected to exhibit considerable growth in the coming years owing to the rise in disposable incomes, coupled with rapid urbanization that has led to enhanced consumer spending.
Apart from changing lifestyles and working styles, urbanization has led to growth in the organized retail sector. This, in turn, has led to a change in consumers' buying behaviour. In particular, the decision-making process before buying something has been significantly affected. The rise in urbanization has also led to people having additional disposable income.
The market is anticipated to witness steady demand for kitchens hood 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.
This has resulted into a rise in demand for kitchen hood, including in the smart kitchen appliances in Oman and other GCC countries, which in turn, have accelerated the growth of the in kitchen appliances or home appliances industry.
Competitive Landscape
The Kitchen hood market of Oman is moderately fragmented with competition in the market from regional and international players in the market. The players are innovating different designs and colours in the kitchens to suit the style of the makers. The players are also investing moreover technology to stand out from the competition.
Major Players
Recent Developments
- July 2021: Arçelik A. and Hitachi Global Life Solutions Inc. announced the formation of Arçelik Hitachi Home Appliances B.V, a new joint venture firm. Both companies will be able to extend their home appliance businesses globally as a result of this development.
- March 2021: Hafele introduce the new filter-free cooker hood in its Hafele premium appliances with the right suction power, elegant design & quality that ensures no fumes & unwanted gas.
Table of Contents
1. INTRODUCTION
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 Value Chain / Supply Chain Analysis
4.5 Porter's Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 PESTLE Analysis
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Wall Mount
5.1.2 Ceiling Mount/Island
5.1.3 Under Cabinet
5.1.4 Others
5.2 By Distribution Channel
5.2.1 Offline
5.2.2 Online
5.3 By End-User
5.3.1 Residential
5.3.2 Commercial
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Siemens
6.2.2 Panasonic
6.2.3 LG
6.2.4 INT'L Kitchens
6.2.5 Electrolux
6.2.6 Gorenje
6.2.7 Samsung
6.2.8 Miele & Cie. KG
6.2.9 Beko
6.2.10 Whirlpool Corporation*
*List Not Exhaustive7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER
9. APPENDIX
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Frequently Asked Questions
What is the study period of this market?
The Oman Kitchen Hood Market market is studied from 2018 - 2027.
What is the growth rate of Oman Kitchen Hood Market?
The Oman Kitchen Hood Market is growing at a CAGR of >2% over the next 5 years.
Who are the key players in Oman Kitchen Hood Market?
INT'L Kitchens, LG, Panasonic, Siemens, Electrolux are the major companies operating in Oman Kitchen Hood Market.
