Qatar Home Appliances Market Size
| Study Period | 2024 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 4.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Qatar Home Appliances Market Analysis
The Qatar Home Appliances Market is valued at about USD 504.3 million and is registering a CAGR of more than 4% during the forecast.
Qatar has one of the lowest unemployment rates in the world and one of the highest GDP PPPs in the world. This has resulted in an increase in disposable income for the people of the country. As a result, they are spending more money on home appliances. Today's ever-improving technology, the innovations that are being made in the appliances industry across all segments, and the growing internet penetration are some of the factors that are boosting the home appliance market in Qatar. E-commerce and Mobile Shopping are also increasing in the region.
Qatar's market for home appliances has been performing well, and it is expected to register significant growth during the forecast period. 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
Consumers are also attracted to appliances that can be connected to smartphones and are wireless. Furthermore, appliances that minimize consumers' average time and effort have attracted attention in recent times. Smart connectivity is a growing segment of the industry, which enables a consumer to monitor or operate appliances, even when they are away. 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 of less power and water-utilizing appliances, with minimized harmful emissions.
Qatar Home Appliances Market Trends
Growth in E-Commerce Distribution is Driving the Market
Qatar holds a high internet penetration rate that exposes customers to various online platforms to make their purchases. The ICT modernization that has taken place in the past 5 years has resulted in a more advanced digital landscape that is suitable for e-commerce. E-commerce adoption is driven by high disposable income, high credit card usage, and high-speed mobile and landline connectivity.
One of the main reasons for e-commerce growth in Qatar is because of the coronavirus pandemic. Due to the pandemic, many people started to accept online payments. As a result of the pandemic, banks, financial institutions, and financial institutions started to implement new products and new services that made it possible for people to access services with the click of a button and to make online payments easily. Banks started to implement contactless ATM cards. These cards let customers make contactless payments with just a tap on the point of sale (POS) machine. No need to touch the PoS buttons.
With brick-and-mortar stores and malls closing for extended periods due to the pandemic, online shopping has suddenly changed from a convenient option to a necessity. This has opened up unprecedented and immediate growth opportunities in a market that was already on the path of e-commerce growth before the pandemic.
E-commerce was mainly an option for electronics, air travel, taxi / transportation services, and food delivery before the pandemic. Still, in Qatar, consumers are using their devices and technology savvy to search for a much wider range of products through online shopping. Retailers in Qatar are looking for new operating areas to provide better online consumer experiences, both to adjust to the new requirements and to cope with the steep drop in retail sales in the midst of the pandemic.
Rise in Residential Construction in Qatar is Driving the Market
The construction industry is the second largest contributor to GDP in Qatar, accounting for 15% of the total economy. The residential construction sector is growing in Qatar. In order to compete with the market, buyers are offering smart homes to attract customers. Smart homes have different layouts that have dedicated space for various home appliances. The demand for smart homes is on the rise because they make an average home look better with these structural and architectural designs. Manufacturers are taking advantage of this by offering sleek designs, high-quality materials, beautiful colors for living rooms, stainless steel finishing for kitchen appliances, etc.
The construction market is expected to register a CAGR of 12.7% from 2020 to 2030, with a projected value of USD 123.1 billion by 2030, compared to USD 53.3 billion in 2020, according to the latest report from Verified market research. The growth is expected to be driven by an increase in construction activity in the following areas: Commercial, Residential, Industrial, Infrastructure (Transportation Construction), Energy and Utility.
Qatar Home Appliances Industry Overview
The report covers major international players operating in the Qatar home appliances market. The market holds less scope for newcomers, as the consumers' focus and their dynamic preferences are shifting toward economical yet standard brands. Additionally, consumers are looking for multi-functional products rather than the usual ones. The Qatar Home Appliances Market's major players are BSH Home Appliances Group, Haier Electronics Group Co. Ltd, Whirlpool Corporation, Samsung Electronics, and Panasonic.
Qatar Home Appliances Market Leaders
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BSH Home Appliances Group
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Haier Electronics Group Co. Ltd
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Whirlpool Corporation
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Samsung Electronics
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Panasonic
*Disclaimer: Major Players sorted in no particular order
Qatar Home Appliances Market News
March 2022: Haier expanded its air conditioner range with the new elegant cool AC series with 5-star energy savings and frost self-clean technology. The all-new Haier Elegante Cool Air Conditioners offered an ISEER of 5.40 and came equipped with Triple Inverter Plus technology, which resulted in more energy savings for the users. Powered by Haier's revolutionary Frost Self Clean technology, Haier's entire inverter air conditioner range gives a complete indoor wet wash with just the press of a button on the remote control.
January 2022: Whirlpool Corporation announced the completion of its acquisition of InSinkErator, the world's largest manufacturer of food waste disposers and instant hot water dispensers for home and commercial use, from Emerson. Whirlpool expected to generate revenue upside by capitalizing on InSinkErator's leading consumer brand preference, an installed base that is five times larger than the rest of the industry, driving a recurring sales profile, and the expansion of the InSinkErator brand into new markets and product offerings.
Qatar Home Appliances Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain Analysis
4.5 Porter's Five Forces Analysis
4.5.1 Bargaining Power of Buyers/Consumers
4.5.2 Bargaining Power of Suppliers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Insights on Technological Innovations in the Industry
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Major Appliances
5.1.1 Refrigerators
5.1.2 Freezers
5.1.3 Dishwashing Machines
5.1.4 Washing Machines
5.1.5 Cookers and Ovens
5.1.6 Other Major Appliances
5.2 By Small Appliances
5.2.1 Vacuum Cleaners
5.2.2 Toasters
5.2.3 Grills and Roasters
5.2.4 Coffee Makers
5.2.5 Other Small Appliances
5.3 By Distribution Channel
5.3.1 Mass Merchandizers
5.3.2 Specialty Stores
5.3.3 Online
5.3.4 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Whirlpool Corporation
6.2.2 Gettco
6.2.3 LG Electronics Inc.
6.2.4 Samsung Electronics Co. Ltd
6.2.5 Panasonic Corporation
6.2.6 Haier Electronics Group Co. Ltd
6.2.7 BSH Hausgerate GmbH
6.2.8 Electro
6.2.9 Gorenje Group
6.2.10 Mitsubishi Electric Corp
6.2.11 Other Companies*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER
Qatar Home Appliances Industry Segmentation
Household appliances are devices utilized to aid in a multitude of domestic tasks, including cooking and cleaning.
The Qatar Home Appliances Market is segmented by Major Appliances (Refrigerators, Freezers, Dishwashing Machines, Washing Machines, and Cookers and Ovens), Small Appliances (Vacuum Cleaners, Coffee Makers, Toasters, Grills and Roasters, and Other Small Appliances), and Distribution Channel (Mass Merchandisers, Specialty Stores, Online, and Other Distribution Channels). The report offers market size and forecasts for the Qatar Home Appliances Market in value (USD Million) for all the above segments.
| By Major Appliances | |
| Refrigerators | |
| Freezers | |
| Dishwashing Machines | |
| Washing Machines | |
| Cookers and Ovens | |
| Other Major Appliances |
| By Small Appliances | |
| Vacuum Cleaners | |
| Toasters | |
| Grills and Roasters | |
| Coffee Makers | |
| Other Small Appliances |
| By Distribution Channel | |
| Mass Merchandizers | |
| Specialty Stores | |
| Online | |
| Other Distribution Channels |
Qatar Home Appliances Market Research FAQs
What is the current Qatar Home Appliances Market size?
The Qatar Home Appliances Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Qatar Home Appliances Market?
BSH Home Appliances Group, Haier Electronics Group Co. Ltd, Whirlpool Corporation, Samsung Electronics and Panasonic are the major companies operating in the Qatar Home Appliances Market.
What years does this Qatar Home Appliances Market cover?
The report covers the Qatar Home Appliances Market historical market size for years: . The report also forecasts the Qatar Home Appliances Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Home Appliances in Qatar Industry Report
Statistics for the 2024 Home Appliances in Qatar market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Home Appliances in Qatar analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
