Market Size of Qatar Home Appliances Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 2.40 % |
| Market Concentration | Medium |
Major Players
*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.
