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Report
Saudi Arabia Home Appliances Market Report and Forecast 2024-2032
Market Report I 2024-06-20 I 184 Pages I EMR Inc.
Saudi Arabia Home Appliances Market Report and Forecast 2024-2032
Market outlook
According to the report by Expert Market Research (EMR), the Saudi Arabia home appliances market size reached a value of USD 3.89 billion in 2023. Aided by the increasing demand for technologically advanced and energy-efficient appliances and the growing consumer preference for smart home solutions, the market is projected to further grow at a CAGR of 3.7% between 2024 and 2032 to reach a value of USD 5.40 billion by 2032.
Home appliances are essential household items that aid in various domestic tasks, enhancing convenience, comfort, and efficiency. These appliances include refrigerators, washing machines, air conditioners, microwaves, and dishwashers, among others. The increasing consumer preference for modern and technologically advanced home appliances is driving the Saudi Arabia home appliances market growth. With the rising disposable incomes and improving living standards, there has been a significant shift towards the adoption of high-quality and energy-efficient home appliances. Additionally, the growing trend of smart homes and connected appliances has further contributed to the increasing popularity of advanced home appliances.
The expanding applications of home appliances in various household tasks also play a significant role in propelling the market. In kitchens, appliances such as refrigerators, microwaves, and dishwashers are used to store, cook, and clean efficiently. In laundry rooms, washing machines and dryers help in cleaning and drying clothes. The growing demand for high-quality and durable home appliances across these applications is boosting the market growth.
Moreover, advancements in home appliance technology are driving innovation and development in the market. The introduction of new technologies, such as IoT-enabled appliances, smart sensors, and energy-efficient solutions, has enhanced the functionality and performance of home appliances. These advancements enable the development of high-performance appliances with improved energy efficiency, durability, and connectivity, consequently driving up the Saudi Arabia home appliances market share.
The growing focus on sustainability and environmental regulations is also contributing to the market growth. With the increasing emphasis on reducing energy consumption and promoting sustainable practices, there is a significant demand for energy-efficient home appliances. The adoption of appliances with high energy efficiency ratings, such as Energy Star certified appliances, is gaining traction, helping in reducing energy consumption and promoting sustainable living. The rising demand for sustainable and eco-friendly home appliances is driving the adoption of advanced technologies.
The regulatory environment plays a crucial role in shaping the home appliances market. Governments and regulatory bodies in Saudi Arabia are actively supporting the development and deployment of energy-efficient and sustainable home appliances. Various regulations and standards, such as the Saudi Standards, Metrology and Quality Organization (SASO) guidelines, are promoting the use of energy-efficient appliances. These regulatory efforts are providing a favourable environment for the growth of the home appliances market.
As per the Saudi Arabia home appliances market analysis, the refrigerators segment holds a significant share of the market, driven by its widespread use in households and the growing demand for energy-efficient and technologically advanced refrigerators. Refrigerators are essential household appliances used for preserving food and beverages by maintaining low temperatures.
Technological advancements in refrigerator design, such as IoT-enabled smart refrigerators, advanced cooling technologies, and energy-efficient solutions, are enhancing the performance and efficiency of refrigerators. The growing adoption of advanced refrigerator technologies is driving the market growth. The increasing emphasis on energy efficiency and reducing energy consumption is driving the demand for energy-efficient refrigerators. The adoption of refrigerators with high energy efficiency ratings, such as Energy Star certified refrigerators, is gaining traction, helping in reducing energy consumption and promoting sustainable living.
Market Segmentation
The market can be divided based on product and distribution channel
Market Breakup by Product
- Major Appliances
o Air Conditioners
o Refrigerators
o Washing Machines
o Dishwashing Machines
o Freezers
o Ovens
o Others
- Small Appliances
o Vacuum Cleaners
o Grills and Roasters
o Food Processors
o Coffee/Tea Makers
o Others
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Speciality Stores
- Online
- Others
Competitive landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in Saudi Arabia home appliances market. some of the major players explored in the report by expert market research are as follows:
- Robert Bosch GmbH
- LG Corporation
- Samsung Electronics Co., Ltd.
- Whirlpool Corporation
- Hitachi, Ltd.
- Panasonic Corporation
- Toshiba Corporation
- Midea Group
- Electrolux AB
- Westinghouse Electric Corporation
- De' Longhi Appliances S.r.l.
- Nikai Group
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 GCC Home Appliances Market Overview
8.1 Key Industry Highlights
8.2 GCC Home Appliances Historical Market (2018-2023)
8.3 GCC Home Appliances Market Forecast (2024-2032)
8.4 GCC Home Appliances Market Share by Region
8.4.1 Saudi Arabia
8.4.2 United Arab Emirates
8.4.3 Kuwait
8.4.4 Qatar
8.4.5 Bahrain
8.4.6 Others
9 Saudi Arabia Home Appliances Market Overview
9.1 Key Industry Highlights
9.2 Saudi Arabia Home Appliances Historical Market (2018-2023)
9.3 Saudi Arabia Home Appliances Market Forecast (2024-2032)
10 Saudi Arabia Home Appliances Market by Product
10.1 Major Appliances
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Type
10.1.3.1 Air Conditioners
10.1.3.2 Refrigerators
10.1.3.3 Washing Machines
10.1.3.4 Dishwashing Machines
10.1.3.5 Freezers
10.1.3.6 Ovens
10.1.3.7 Others
10.2 Small Appliances
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Breakup by Type
10.2.3.1 Vacuum Cleaners
10.2.3.2 Grills and Roasters
10.2.3.3 Food Processors
10.2.3.4 Coffee/Tea Makers
10.2.3.5 Others
11 Saudi Arabia Home Appliances Market by Distribution Channel
11.1 Supermarkets and Hypermarkets
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Convenience Stores
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Speciality Stores
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Online
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter's Five Forces Analysis
12.2.1 Supplier's Power
12.2.2 Buyer's Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Trade Data Analysis (HS Code - 8509)
13.1 Major Importing Countries
13.1.1 By Volume
13.1.2 By Value
13.2 Major Exporting Countries
13.2.1 By Volume
13.2.2 By Value
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Robert Bosch GmbH
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 LG Corporation
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Samsung Electronics Co., Ltd.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Whirlpool Corporation
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Hitachi, Ltd.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Panasonic Corporation
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Toshiba Corporation
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Midea Group
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Electrolux AB
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Westinghouse Electric Corporation
14.2.10.1 Company Overview
14.2.10.2 Product Portfolio
14.2.10.3 Demographic Reach and Achievements
14.2.10.4 Certifications
14.2.11 De' Longhi Appliances S.r.l.
14.2.11.1 Company Overview
14.2.11.2 Product Portfolio
14.2.11.3 Demographic Reach and Achievements
14.2.11.4 Certifications
14.2.12 Nikai Group
14.2.12.1 Company Overview
14.2.12.2 Product Portfolio
14.2.12.3 Demographic Reach and Achievements
14.2.12.4 Certifications
14.2.13 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Home Appliances Market: Key Industry Highlights, 2018 and 2032
2. Saudi Arabia Home Appliances Market: Key Industry Highlights, 2018 and 2032
3. Saudi Arabia Home Appliances Historical Market: Breakup by Product (USD Billion), 2018-2023
4. Saudi Arabia Home Appliances Market Forecast: Breakup by Product (USD Billion), 2024-2032
5. Saudi Arabia Home Appliances Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
6. Saudi Arabia Home Appliances Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
7. Major Importing Countries by Volume
8. Major Exporting Countries by Volume
9. Major Importing Countries by Value
10. Major Exporting Countries by Value
11. Saudi Arabia Home Appliances Market Structure
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