Saudi Arabia White Goods Market Growth, Size, Trends, Revenue, Challenges and Future Outlook
Saudi Arabia White Goods Market Size- By Product, By Distribution Channel, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jul-2023 | Report ID: FMCG2379 | Pages: 1 - 102 | Formats*: |
| Category : Consumer & Retail | |||
Saudi Arabia White Goods Market Introduction and Overview
According to SPER Market Research, the Saudi Arabia White Goods Market is estimated to reach USD 8.50 billion by 2033 with a CAGR of 4.34%.
The report includes an in-depth analysis of the Saudi Arabia White Goods Market, including market size and trends, product mix, distribution channels, and supplier analysis. The market for home appliances, such as refrigerators, washing machines, air conditioners, dishwashers, and other kitchen equipment, is referred to as the "white goods" in Saudi Arabia. Modern homes around the nation benefit from the ease, efficiency, and higher quality of life that these products offer.
- Market development in 2023-2033: driven by the Population Growth: A significant percentage of Saudi Arabia's population, which is quickly expanding, is made up of young people and families. Since more homes need appliances to satisfy their everyday demands, the growing population directly correlates to an increase in demand for white goods.
- Urbanization and Housing Developments: New residential communities and structures have been built as a result of Saudi Arabia's rapid urbanisation and housing projects. Due to people and families moving into new houses and needing appliances to equip their living spaces, these changes increase demand for white goods.
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Market Opportunities and Challenges
- Opportunities for Saudi Arabia White Goods Market
- Growing Housing Sector: Saudi Arabia's government is putting a lot of effort into housing construction, which creates prospects for the white goods industry. Appliances are more in demand when new housing developments and neighbourhoods are created to outfit them.
- Replacement and Upgrades: There is a growing market for upgrading old appliances with newer, more sophisticated ones as middle-class populations are growing and disposable incomes are rising. Upgraded white goods will cost more, but consumers are prepared to spend more for better convenience, performance, and energy efficiency.
- One of the major challenges for Saudi Arabia White Goods Market
- Intense Competition: Local and foreign brands are striving for market share in Saudi Arabia's white goods sector, which is quite competitive. To stand out in the competitive market, manufacturers must distinguish themselves by product quality, features, after-sales service, and branding.
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Market Competitive Landscape
In Saudi Arabia, the market for white goods is vibrant and fiercely competitive, with a mix of national and foreign producers and brands. Several well-known foreign companies have had a significant impact on the industry, including Bosch, LG, Panasonic, Haier, and Samsung. These multinational companies have established a reputation for providing cutting-edge products, cutting-edge technology, and dependable performance. Several regional producers and brands have also become significant participants in the Saudi Arabian white goods industry at the same time. Businesses like Abdul Latif Jameel Electronics, Eureka, Al Yousuf Electronics, and United Electronics Company have significantly increased their market share and are well-known to Saudi customers for their products.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product, By Distribution Channel, By End User |
| Regions covered | Dammam and the Eastern Province, Jeddah, Makkah and Madinah, Riyadh, Other Regions |
| Companies Covered | Al-Jazeera Home Appliances Company, Awal Gulf Manufacturing Co., Carrier Global Corporation, Daikin Industries, Ltd, LG Electronics, Midea Group, Rheem Manufacturing Company, S.K.M Air Conditioning LLC, Zamil Industrial |
COVID-19 Impact on Saudi Arabia White Goods Market
Numerous aspects of the industry were impacted by the market disruptions brought on by the global health crisis. First, interruptions in the supply chain for white goods resulted in manufacturing delays and difficulties in satisfying customer demand. Shortages of raw materials and components were caused by restrictions on international trade and the transportation of commodities, which had an impact on the manufacturing process. Second, the pandemic's economic effects—including lost jobs and lower incomes—led to a decrease in consumer expenditure. Due to financial uncertainty, many customers put off or abandoned purchases of white goods and other non-essential products. The sales and income of the white goods sector were impacted by this drop in consumer demand. Thirdly, the sales of white goods were hampered by the temporary closures and limitations on retail establishments as well as lower foot traffic.
Key Target Audience
- After-Sales Service Providers
- Builders and Contractors
- Consumers
- Government and Regulatory Authorities
- Interior Designers and Architects
- Online Platforms and E-commerce
- Retailers and Distributors
Our in-depth analysis of the Saudi Arabia White Goods Market includes the following segments:
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| By Distribution Channel: |
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Key Topics Covered in the Report
- Saudi Arabia White Goods Market Size (FY’2023-FY’2033)
- Overview of Saudi Arabia White Goods Market
- Segmentation of Saudi Arabia White Goods Market By Product (Air Handling Units, Air Purifiers, Central Acs, Chest Freezers, Contactless Handwash Units, Decorative-Type Split Systems, Fan Coil Units, Roof Tank Water Coolers, Showcase Refrigerators, Variable Refrigerant Flow Systems, Window Air Conditioners)
- Segmentation of Saudi Arabia White Goods Market By Distribution Channel (E-commerce, Specialty Stores, Supermarkets and Hypermarkets, Other Distribution Channels)
- Segmentation of Saudi Arabia White Goods Market By End User (Commercial, Residential)
- Statistical Snap of Saudi Arabia White Goods Market
- Expansion Analysis of Saudi Arabia White Goods Market
- Problems and Obstacles in Saudi Arabia White Goods Market
- Competitive Landscape in the Saudi Arabia White Goods Market
- Impact of COVID-19 and Demonetization on Saudi Arabia White Goods Market
- Details on Current Investment in Saudi Arabia White Goods Market
- Competitive Analysis of Saudi Arabia White Goods Market
- Prominent Players in the Saudi Arabia White Goods Market
- SWOT Analysis of Saudi Arabia White Goods Market
- Saudi Arabia White Goods Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Saudi Arabia White Goods Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Saudi Arabia White Goods Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Saudi Arabia White Goods Market
7. Saudi Arabia White Goods Market, By Product (USD Million)
7.1. Saudi Arabia White Goods Market Value Share and Forecast, By Product, 2023-20337.2. Air Handling Units7.3. Air Purifiers7.4. Central ACs7.5. Chest Freezers7.6. Contactless Handwash Units7.7. Decorative-Type Split Systems7.8. Fan Coil Units7.9. Roof Tank Water Coolers7.10. Showcase Refrigerators7.11. Variable Refrigerant Flow Systems7.12. Window Air Conditioners
8. Saudi Arabia White Goods Market, By Distribution Channel (USD Million)
8.1. Saudi Arabia White Goods Market Value Share and Forecast, By Distribution Channel, 2023-20338.2. E-commerce8.3. Specialty Stores8.4. Supermarkets and Hypermarkets8.5. Other Distribution Channels
9. Saudi Arabia White Goods Market, By End User (USD Million)
9.1. Saudi Arabia White Goods Market Value Share and Forecast, By End User, 2023-20339.2. Commercial9.3. Residential
10. Saudi Arabia White Goods Market Forecast, 2019-2033 (USD Million)
10.1. Saudi Arabia White Goods Market Size and Market Share
11. Saudi Arabia White Goods Market, By Product, 2019-2033 (USD Million)
11.1. Saudi Arabia White Goods Market Size and Market Share By Product (2019-2026)11.2. Saudi Arabia White Goods Market Size and Market Share By Product (2027-2033)
12. Saudi Arabia White Goods Market, By Distribution Channel, 2019-2033 (USD Million)
12.1. Saudi Arabia White Goods Market Size and Market Share By Distribution Channel (2019-2026)12.2. Saudi Arabia White Goods Market Size and Market Share By Distribution Channel (2027-2033)
13. Saudi Arabia White Goods Market, By End User, 2019-2033 (USD Million)
13.1. Saudi Arabia White Goods Market Size and Market Share By End User (2019-2026)13.2. Saudi Arabia White Goods Market Size and Market Share By End User (2027-2033)
14. Saudi Arabia White Goods Market, By Region, 2019-2033 (USD Million)
14.1. Saudi Arabia White Goods Market Size and Market Share By Region (2019-2026)14.2. Saudi Arabia White Goods Market Size and Market Share By Region (2027-2033)14.3. Dammam and the Eastern Province14.4. Jeddah14.5. Makkah and Madinah14.6. Riyadh14.7. Other Regions
15. Company Profile
15.1. Al-Jazeera Home Appliances Company
15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments
15.2. Awal Gulf Manufacturing Co.
15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments
15.3. Carrier Global Corporation
15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments
15.4. Daikin Industries, Ltd
15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments
15.5. LG Electronics
15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments
15.6. Midea Group
15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments
15.7. Rheem Manufacturing Company
15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments
15.8. S.K.M Air Conditioning LLC
15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments
15.9. Zamil Industrial
15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments
15.10. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Saudi Arabia White Goods Market is projected to reach USD 8.50 billion by 2033, growing at a CAGR of 4.34% during the forecast period.
Saudi Arabia White Goods Market grew in market size from 2022. The Market is expected to reach USD 8.50 billion by 2033, at a CAGR of 4.34% during the forecast period.
Saudi Arabia White Goods Market CAGR of 4.34% during the forecast period.
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Saudi Arabia White Goods Market size is USD 8.50 billion from 2023 to 2033.
Saudi Arabia White Goods Market Segment is covered By Product, By Distribution Channel, By End User.
The Middle East region is anticipated to have the highest market share in the Saudi Arabia White Goods Market.
The key players in the market include Companies Covered Al-Jazeera Home Appliances Company, Awal Gulf Manufacturing Co., Carrier Global Corporation, Daikin Industries, Ltd, LG Electronics, Midea Group, Rheem Manufacturing Company, S.K.M Air Conditioning LLC, Zamil Industrial.
The market for home appliances, such as refrigerators, washing machines, air conditioners, dishwashers, and other kitchen equipment, is referred to as the "white goods" in Saudi Arabia.
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