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Report
Uae Microwave Ovens Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
Market Report I 2023-01-23 I 120 Pages I Mordor Intelligence
The outbreak of COVID-19 had a favorable influence on the microwave oven industry. However, sales were hampered in the first quarter of the pandemic because to limitations and disruptions in the supply chain, but sales gradually improved. This is due to the emergence of the work-at-home culture, which has encouraged customers to stay at home and cook more simply.
Customer's improving standards of living, the growing proportion of nuclear families, and increased demand for frozen and ready-to-eat food are all driving market expansion in the UAE. The rising number of working women and people's busy schedules in cities are projected to drive growing demand for ovens. Over the projected period, the robust expansion of the hospitality industry, as well as increased catering contracts for large-scale parties, seminars, and other social gatherings, are likely to fuel demand for commercial appliances. Economic factors such as expanding population, rising consumer disposable income, and increased consumer knowledge of diverse cooking equipment such as microwave ovens, grills, and barbeques are expected to have a favorable influence on the industry.
UAE Microwave Ovens Market Trends
Increasing Urbanization and Rising Standard of Living Booming the Sector
The UAE microwave oven market is growing due to expanding urbanisation and a rising level of life. Combi ovens (combination of grill and convection microwave ovens) are seeing a considerable adoption among customers from both domestic and business settings as new models join the UAE microwave oven market with new capabilities. Furthermore, the rising health risk linked with consuming greasy foods has prompted customers to seek for multi-functional microwave ovens that can help them cook without using any oil. In order to appeal to a broad consumer base, popular foodservice shops are adding multipurpose microwave ovens and eliminating traditional ovens and pressure cookers. Microwave oven demand has increased as a result of this aspect.
Microwave Product Innovations and Increased Usage
New microwave ovens are being introduced to the market with exciting new features. Customers in both residential and business settings are showing a strong interest in combi ovens (which combine grill and convection microwave ovens). Customers are turning to multi-functional microwave ovens that may help them cook without using oil as a result of the rising health risks linked with consuming fatty foods. To appeal to a huge consumer base, popular foodservice businesses are adding multipurpose microwave ovens and eliminating traditional ovens and pressure cookers. Because of the excellent response, manufacturers are including self-cleaning features in their microwave ovens. Microwave ovens continue to draw clients from all walks of life due to their numerous functions and low pricing, making them a must-have kitchen device.
UAE Microwave Ovens Market Competitor Analysis
The report covers major players operating in the UAE Microwave Ovens Market along with their product portfolio, key financials, and developments. The market is transforming with many technological advancements through product innovation and process automation. The key market players are focusing on improving their production capacity which will help them to increase exports.
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Insights on Various Regulatory Trends
4.5 Insights on impact of technology and innovation
4.6 Industry Attractiveness - Porter's Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitutes
4.6.5 Intensity of Competitive Rivalry
4.7 Impact of COVID-19 on the Market
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Grill
5.1.2 Solo
5.1.3 Convection
5.2 By Distribution Channel
5.2.1 MultiBrand Stores
5.2.2 Exclusive Stores
5.2.3 Online
5.2.4 Other Distribution Channels
5.3 By Application
5.3.1 Residential
5.3.2 Commercial
6 COMPETITIVE LANDSCAPE
6.1 Market Concetration Overview
6.2 Company Profiles
6.2.1 Samsung Electronics
6.2.2 Hoover Limited
6.2.3 LG Electronics
6.2.4 Panasonic Corporation
6.2.5 AB Electrolux
6.2.6 Whirlpool Corporation
6.2.7 Hisense
6.2.8 Haier Electronics Group Co. Ltd
6.2.9 Midea
6.2.10 Robert Bosch
6.2.11 Gorenje Group
6.2.12 Gettco*
7 MARKET OPPORTUNTIES AND FUTURE TRENDS
8 DISCLAIMER AND ABOUT US
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