Market Trends of UAE Home Appliances Industry
This section covers the major market trends shaping the UAE Home Appliance Market according to our research experts:
Growing Expatriate Population is Driving the Market
The United Arab Emirates has a rapidly growing expatriate population due to migration from other countries. The growing expatriate population and low import duties are supporting the growth of the home appliances market in the United Arab Emirates. Leading companies are working on launching technology-driven home appliances, keeping in mind the need of the working-class population. The important reason behind the rising demand for smart home appliances is the tech-savvy young population. Young people find more value in the concept of smart homes and connected devices mainly because of the convenience that these devices offer.
Refrigerator Segment is Major Largest Share in the Market
The United Arab Emirates Refrigerator market is expected to grow due to the rising demand for energy-efficient and sustainable technology equipment and the growing preference for frozen & chilled products. Expansion of the food and beverage industry, bustling tourism, and the upcoming smart cities development projects would contribute to the Refrigerator market growth. Growing investments in innovation of refrigerators units and rising income levels, and a rise in rising consumer spending power are some of the key trends stimulating market growth. Furthermore, increasing nuclear family count and environmental changes are anticipated to boost the growth of the overall market.
