Qatar’s home appliances market surpasses $1bn in current year

Doha, Qatar: With the new year fast approaching, the home appliances industry in Qatar has surpassed $1bn in the current year and is expected to reach...

Doha, Qatar: With the new year fast approaching, the home appliances industry in Qatar has surpassed $1bn in the current year and is expected to reach a market valuation of nearly $2bn by 2031, reports Verified Market Research. 

As per the analysts, the growing population, increasing urbanization, and incomes are some of the primary factors contributing to the market’s robust growth.

The ongoing projects of hotel expansions, commercial buildings, and residential complexes have boosted its demand for energy-efficient, and technologically sophisticated household equipment. 

Market experts point out that the growing consumer consciousness regarding energy efficiency and sustainability also significantly influences the market. 

However, appliances with smart technological features and lower energy usage are becoming increasingly popular among customers in Qatar as they grow more ecologically concerned.