Market revenue in 2019 | USD 1.5 million |
Market revenue in 2027 | USD 2.6 million |
Growth rate | 7.1% (CAGR from 2019 to 2027) |
Largest segment | Propane |
Fastest growing segment | Propane |
Historical data covered | 2016 - 2018 |
Base year for estimation | 2019 |
Forecast period covered | 2020 - 2027 |
Quantitative units | Revenue in USD million |
Market segmentation | Propane, Natural Gas |
Key market players worldwide | Galaxy Digital Holdings Ltd, Warming Trends, HPC Fire Inspired, Buck Stove, Uniflame, Landmann |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to gas fire table market will help companies and investors design strategic landscapes.
Propane was the largest segment with a revenue share of 86.67% in 2019. Horizon Databook has segmented the Middle East & Africa gas fire table market based on propane, natural gas covering the revenue growth of each sub-segment from 2016 to 2027.
The Middle East is a diversified economy with a majority of its revenues being generated from oil exports and tourism. The oil production and exports significantly impact the country’s economy through the wealth it generates.
This has helped the region grow at a fast pace over the past few years and led to rapid industrialization and modernization. With the coronavirus outbreak, there has been a decline in tourism and oil production as well as disruptions in global supply chains.
Oil exporters faced double impacts from market fluctuations and the lockdown. Even though the countries are now coming out of lockdown, the oil prices are still lower than pre-COVID-19 levels. As these prices start to stabilize, the economic conditions are expected to improve and help boost the demand for gas fire tables.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa gas fire table market, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa gas fire table market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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