DUBLIN--(BUSINESS WIRE)--The "UAE Kitchen Hood Market (2018-2024): Market Forecast By Installation Type, By Applications, By Fitting Type, By Regions and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.
UAE Kitchen hood market is projected to grow at a CAGR of 11.5% from 2018 to 2024.
UAE kitchen hood market registered sluggish growth attributed to economic slowdown as a result of oil price crisis over the last few years. However, upcoming new residential supply units, increasing number of hotels, restaurants, and quick service restaurants (QSRs) along with rising consumer awareness towards health, rising modern lifestyle, adoption for smart living as well as attractive kitchen solutions particularly modular kitchens are some of the key factors that would propel the growth of kitchen hood market.
The market registered slow growth in revenues during 2015-16 owing to slump in oil prices, which primarily affected both government spending and disposable income of households. UAE recorded a decline of kitchen hood's sales in 2015 as compared to 2014, resulting in the overall weakening of kitchen hood market revenues in 2015; however, the market is anticipated to bounce back with the recovery of oil prices post 2017, majorly due to burgeoning construction activities leading to rising number of hotels, hotel apartments, QSR, cafes, and others.
In UAE, Dubai accounted for largest revenue share in the country, 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 kitchen hood market.
Some of the key players in UAE Kitchen hood market- BSH Home Appliances, Elica, Faber, Teka, Whirlpool, AB Electrolux, CNA Group, Elba, Miele Appliances, and Candy.
By Installation Type:
- Wall Mounted
- Island Mounted
By Fitting Type:
- Abu Dhabi
- Northern Emirates
- AB Electrolux (publ)
- BSH Home Appliances FZE
- CNA Group SA
- Candy Hoover Srl
- Elica S.p.A
- Fisher & Paykel Appliances Italy S.p.A
- Franke L.L.C
- Miele Appliances Ltd.
- Teka Kuchentechnik UAE LLC
- Whirlpool MEA S.p.A
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