Market Trends of United Arab Emirates Home Appliances Industry
This section covers the major market trends shaping the UAE Home Appliances 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. 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 a 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
United Arab Emirates Refrigerator market is expected to grow due to the rising demand for energy-efficient and sustainable technology equipment, growing preference towards frozen & chilled products. Expansion of the food and beverage industry, bustling tourism along with the upcoming smart cities development projects would attribute to the Refrigerator market growth. Growing investments in innovation of refrigerators units and rising income levels and rise in rising consumer spending power are some of the key trends stimulating market growth. Furthermore, increasing nuclear families count and environmental changes are anticipated to boost the growth of the overall market.
