Market Size of UAE Kitchen Hoods Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | > 3.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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UAE Kitchen Hoods Market Analysis
The breakout of the novel coronavirus at the start of 2020 altered the market's fundamental dynamics. Product sales fell in the first months of 2020 due to temporary production halts in the manufacturing industry and a slowdown in the logistics sector. In addition, the restart of shipping operations and the relaunch of e-commerce websites resulted in a steady growth in UAE Kitchen Hoods Market.
In the UAE, the Dubai region accounted for the largest revenue share in the overall UAE kitchen Hood market share, followed by Abu Dhabi and Northern regions. Major construction projects across commercial and residential verticals, coupled with increasing health awareness among consumers are the key factors leading to the growth of the kitchen hood market.
UAE kitchen hood market is estimated to register sound revenues in the upcoming five years on the back of the rising hospitality sector. Increased hotels and restaurants set up especially in Dubai and Abu Dhabi where owners believe in investing in intelligent kitchen hood installation is capable of control over excess heat and smoke and is anticipated to boost the product demand in the foreseeable future. Additionally, rising disposable income indicates a high standard of living and is stimulating customers to afford smart kitchen hoods is estimated to leave a positive impact on the country and would benefit the UAE kitchen hood market in the coming years.