Market Size of UAE Laundry Appliances Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 2.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
UAE Laundry Appliances Market Analysis
COVID-19 has adversely affected Laundry Appliances Market in the second and third quarters of 2020 due to the disruption of supply chain and logistics in the UAE region. In addition to this, there was discontinuation in the production of Laundry Aplliances. There was a dip in the Commercial segment of the Laundry Appliances Market. The Laundry appliances market increased sales in the last quarter of 2020.
The UAE Laundry Appliances Market has witnessed a constant growth due to the increasing urbanization in majority of the regions. People these days prefer smart Laundry Appliances due to the current lifestyles with less personal time. These kind of smart machines reduces the energy and effort required to put in and also save a lot of time. Moreover, it is particularly important for companies to innovate for low cost/no-frills alternatives to their existing offerings. The factors responsible for this are changing economic conditions in the region, access to new markets, urbanization of a number of regions, higher purchasing power as a result of increasing employment opportunities and inclusion of women at the world. It is also due to the expanding middle class, a shift of the population from the rural to urban areas.
Trends such as increasing energy efficiency, as well as water consumption due to environmental guidelines are being highlighted by the governments. Inclusion of advanced features like Wi-Fi and Bluetooth further attract a huge customer base as it makes the process even more simpler. Smart appliances trend is pervasive through usage of sensors, and other components used in smart technology. Furthermore, innovation in terms of sizes of products is more suited to the smaller sized houses being built globally, while maintaining other value-added features.
