Qatar Home Appliances Market Size
|Study Period||2019 - 2028|
|Base Year For Estimation||2022|
|Forecast Data Period||2023 - 2028|
|Historical Data Period||2018 - 2021|
|CAGR||> 2.40 %|
*Disclaimer: Major Players sorted in no particular order
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Qatar Home Appliances Market Analysis
Being one of the richest countries in the world whose economy is driven by the oil and natural gas industry, Qatar’s market for small home appliances has been performing well, and it is expected to register significant growth during the forecast period.
COVID-19 has disrupted the global supply chain of the major home appliances and consumer electronic brands. The major countries, including Qatar, have been suffering economic disruptions, which ultimately affected the home appliances market in the region during 2020.
The country holds the lowest unemployment rate and highest GDP per capita income, which is leading to a rise in disposable income. Therefore, this is driving the citizens to spend more on the home appliances industry. The day-to-day improving technology, the innovation that is being introduced in the appliances across all segments of the industry, and an increasing level of internet penetration, which is strengthening e-commerce and mobile shopping in the region, are a few of the major factors that are driving the home appliances market in Qatar.
Qatar’s booming construction industry is also encouraging the sales of home appliances, as customers are highly interested to procure their new home with the latest appliances and furniture that fits their home size and give their home an attractive look. Moreover, this trend is guiding the appliance manufacturers to produce their products, which is likely to meet consumers’ preferences for compact home appliances that easily fit into smaller spaces without reducing their functionality. The Qatar government’s initiative to replace the old, high-power consuming appliances is also a driving factor that has the high potential to increase the sales for less power and water utilizing appliances, with minimized harmful emissions.
Qatar Home Appliances Market Trends
This section covers the major market trends shaping the Qatar Home Appliances Market according to our research experts:
E-commerce Channel is the Fastest Growing Distribution Channel
Qatar holds a high internet penetration rate that exposes customers to various online platforms to make their purchases. Launched in 2014, the Qatar government’s Connect 2020 ICT Policy boosted internet usage in the country and increased customer’s interest to try online platforms for their different shopping needs. This is enabling a higher growth rate in e-commerce sales, and this trend is expected to continue in the future, owing to the convenience it holds. Through gaining the trust of the customers and strengthening the payment security, e-commerce users can increase their number of purchases, as most of the internet users have concerns about payment security.
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Smart Homes are Driving the Growth of Home Appliances
IoT integration and internet penetration have led to the growth of the Smart Home industry around the world. Smart homes facilitate monitoring and controlling mechanical operations inside residential areas, commercial setups, and other premises. The smart home operates on a centralized network that supports various software that controls and monitors the energy demand, security control, heating, and cooling system. The smart home appliances would allow autonomy, control, monitoring and other advantages.Qatar is one of the big markets for this technology among GCC countries. Revenue in the Smart Home market is projected to reach USD 344.02 Million in 2022.
Qatar Home Appliances Industry Overview
The report covers major international players operating in the Qatar home appliances market. The market holds less scope for newcomers, as the consumers' focus and their dynamic preferences are shifting towards the economic yet standard brands. Additionally, consumers are looking for multi-functional products than the usual ones. Major players in Qatar Home Appliances include Haier Elecetronics Group, Whirlpool, Samsung, Panasonic, and LG.
Qatar Home Appliances Market Leaders
Haier Electronics Group
*Disclaimer: Major Players sorted in no particular order
Qatar Home Appliances Market News
- In March 2022: Panasonic launched a dry vacuum cleaner in premium range to address the heightened sense of hygiene and demand for convenient cleaning solutions. The energy-efficient Panasonic vacuum cleaner range is engineered to provide dual benefits of high suction power with a 2000W motor coupled with 18 liters dust tank capacity that offers a convenient, healthy and powerful cleaning experience to the users
- In March 2021: Samsung Electronics Co. Ltd announced the launch of a new RB7300 refrigerator that delivers core cooling performance while offering a large, flexible capacity to meet all types of food storage needs.
Qatar Home Appliances Market Report - 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 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 Insights into Technological Advancements in the Industry
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Major Appliances
126.96.36.199 Dishwashing Machines
188.8.131.52 Washing Machines
184.108.40.206 Air Conditioners
220.127.116.11 Other Major Appliances
5.1.2 Small Appliances
18.104.22.168 Coffee /Tea Makers
22.214.171.124 Food Processors
126.96.36.199 Grills & Roasters
188.8.131.52 Vaccum Cleaners
184.108.40.206 Others Small Home Appliances
5.2 By Distribution Channel
5.2.1 Multi-Branded Stores
5.2.2 Speciality Stores
5.2.4 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Haier Electronics Group Co. Ltd,
6.2.4 BSH Home Appliances Group
6.2.8 Gorenje Group
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Qatar Home Appliances Market Research FAQs
What is the current Qatar Home Appliances Market size?
The Qatar Home Appliances Market is projected to register a CAGR of greater than 2.4% during the forecast period (2023-2028).
Who are the key players in Qatar Home Appliances Market?
Whirlpool, Panasonic, Gettco, Samsung and Haier Electronics Group are the major companies operating in the Qatar Home Appliances Market.
Qatar Home Appliances Industry Report
Statistics for the 2023 Qatar Home Appliances market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Qatar Home Appliances analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.