The export of domestic appliances incorporating electric motors from the UAE is forecasted to show moderate growth from 2024 to 2028, starting at $165.41 million in 2024 and reaching $170.02 million in 2028. In 2023, the actual export value stood at $164.2 million. The year-on-year growth rates are expected to be stable: 0.71% in 2025, 0.70% in 2026, 0.68% in 2027, and 0.66% in 2028. When considering the cumulative growth over the five-year period, the compound annual growth rate (CAGR) is projected to be around 0.7%.
Future trends to watch for include:
- Technological advancements in electric motor efficiency, which could drive higher demand.
- Global economic conditions and their impact on export markets.
- Trade policies and regulations affecting international trade.
- Consumer demand shifts towards energy-efficient and smart appliances.