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Saudi Arabia Washing Machine Market, By Product Type, By Capacity, By Technology and Forecast 2027
01-Aug-2022 | Navi Mumbai | News-Press Release
Market Reports on Saudi Arabia Provides the Trending Market Research Report on "Saudi Arabia Washing Machine Market, By Product Type (Fully Automatic & Semi-Automatic), By Capacity (Below 6 Kg, Between 6-8 Kg, 8 Kg and Above), By Technology (Conventional Washing Machine and Smart Connected Washing Machine), By Distribution Channel (Electronic and Specialty Retailers, Hypermarkets/ Supermarkets, Online Channels, Others (Direct Selling, etc.)), By Region, Competition Forecast & Opportunities, 2027" under Consumer Goods Market Research Reports category. The Washing Machine Market Database in Saudi Arabia is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
Saudi Arabia Washing Machine Market is projected to grow at a significant CAGR during the forecast period, 2023-2027. The market growth can be attributed to the rising number of nuclear families and the growing popularity of online sales channels. Besides, launch of advanced version of washing machines and the integration of novel technologies in washing machines are propelling the growth of the Saudi Arabia washing machine market.
Saudi Arabia depends heavily on the oil and gas sector. To improve the nation's economic standing, the government is taking steps to reduce dependence and create new sources of income. The rapid growth of economic activity is accelerating the urbanization and industrialization processes, which has a profound effect on the urban lifestyles of consumers. Thus, the rising working population in the country has led to increased adoption of washing machines.
The nation's commercial sector is anticipated to grow due to beneficial government initiatives, including Saudi Vision 2030 and the National Transformation Program. The Saudi government is focusing on creating world-class infrastructure to elevate Saudi Arabia to a position of prominence on the global stage. Every year, Saudi Arabia welcomes a sizable number of tourists, which encourages the development of the hotel industry in the region. The need to invest in advanced electronic appliances such as washing machines, presses, televisions, refrigerators, and other electronic appliances is bolstered by the increase in hotels and the growing requirement to give guests a pleasant experience when staying in a hotel.
Additionally, Saudi Arabia boasts many hospitals and clinics to offer its inhabitants top-notch medical facilities. Over the next five years, the need for washing machines is anticipated to increase due to the requirement to wash the bedsheets, covers, curtains, and other coverings and clothes of medical staff and patients in order to maintain a clean and hygienic environment.
The widespread use of smart devices and growing internet usage are boosting the e-commerce sector's popularity across the nation. Due to high discretionary income, customers can afford a high-quality lifestyle and purchase cutting-edge electronic appliances that improve their comfort and convenience.
The Saudi Arabia washing machine market is segmented into product type, capacity, technology, distribution channel, regional distribution, and company. Based on product type, the market is divided into fully automatic & semi-automatic. The fully automatic segment is expected to dominate the market, owing to the product's availability to wash and dry clothes in the same drum, which adds to consumers' convenience.
Key players operating in Saudi Arabia washing machine market are Zagzoog For Home Appliances (Whirlpool), LG Electronics Gulf FZE, Midea Middle East, Panasonic Marketing Middle East & Africa FZE, AB Electrolux, Samsung Electronics, Robert Bosch Saudi Arabia Ltd, Arcelik Hitachi Home Appliances Sales Middle East Fze, Abdul Mohsen A Alswailem Co., among others.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023-2027
Objective of the Study:
•To analyze the historical growth in the market size of the Saudi Arabia washing machine market from 2017 to 2021.
•To estimate and forecast the market size of Saudi Arabia washing machine market from 2023 to 2027 and growth rate until 2027.
•To classify and forecast the Saudi Arabia washing machine market based on product type, capacity, technology, distribution channel, region, and company.
•To identify the dominant region or segment in the Saudi Arabia washing machine market.
•To identify drivers and challenges for the Saudi Arabia washing machine market.
•To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Saudi Arabia washing machine market.
•To identify and analyze the profiles of leading players operating in the Saudi Arabia washing machine market.
•To identify key sustainable strategies adopted by market players in Saudi Arabia washing machine market.
Key Target Audience:
•Market research and consulting firms
•Government bodies such as regulating authorities and policy makers
•Organizations, forums, and alliances
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, Saudi Arabia washing machine market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
•Saudi Arabia Washing Machine Market, By Product Type:
•Saudi Arabia Washing Machine Market, By Capacity:
Below 6 Kg
Between 6-8 Kg
8 Kg and Above
•Saudi Arabia Washing Machine Market, By Technology:
Conventional Washing Machine
Smart Connected Washing Machine
•Saudi Arabia Washing Machine Market, By Distribution Channel:
Electronic and Specialty Retailers
Others (Direct Selling, etc.)
•Saudi Arabia Washing Machine Market, By Region:
Browse our full report with Table of Contents:
Market Reports on Saudi Arabia provides you with an in-depth industry reports focusing on various economic, political and operational risk environment, complemented by detailed sector analysis. We have an exhaustive coverage on variety of industries - ranging from energy and chemicals to transportation, communications, constructions and mining to Food and Beverage and education. Our collection includes over 3000 up-to-date reports all researched, analysed and published by top-notch international research firms.
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