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 &
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationSaudi Arabia washing machine market is anticipated to register a steady CAGR during the forecast period, 2023-2027. The rise in the number of nuclear families and working population and the growing popularity of online sales channels are the major factors driving the growth of the Saudi Arabia washing machine market. Also, the launch of the advanced version of washing machines and the integration of novel technologies in washing machines are expected to fuel the Saudi Arabia washing machine market growth over the forecast period.
Rise in the Nuclear Families Drives the Market Growth
As of March 2022, there were around 5.46 million households in Saudi Arabia, and that number's set to really take off in the next few years. You know, Saudi Arabia's been really relying on oil & gas, but the government's trying to shake things up a bit. They're looking for new ways to make money and strengthen the economy, which is a pretty smart move. All this economic growth is speeding up industrialization and urbanization, which is really changing how people live in cities. More folks are living alone or as small, nuclear families. And with more people working, there's just not enough time to do all the chores around the house. So, things like washing machines, that can wash clothes quickly and efficiently while saving water and electricity, are becoming super popular all over the country.
High Demand from Commercial Sector Fuels the Market Growth
Saudi Arabia's commercial scene is about to get a shot in the arm, thanks to initiatives like Saudi Vision 2030 and the National Transformation Program. The government's really focusing on building some amazing infrastructure to make Saudi Arabia a global leader. And with all the tourists flocking in every year, there's a huge boom in hotel construction! To give these visitors the best possible experience, hotels are investing big time in the latest and greatest electronic gadgetsthink washing machines, presses, televisions, refrigerators, and all sorts of other cool electronic appliances.
Also, Saudi Arabia has many hospitals and clinics to provide quality healthcare facilities to its citizens. The need to wash the bedsheets, covers, curtains, and other coverings and clothes of healthcare professionals and patients to keep the surroundings clean and hygienic is expected to propel the demand for washing machines over the next five years.
Emergence of Online Sales Channel Supports the Market Growth
With more and more people getting online and using smartphones, e-commerce is really taking off here. Plus, folks have more money to spend, which means they're buying cool gadgets and appliances to make life easier. Instead of hitting the stores, people are clicking and buying online because, let's face it, who has time to shop in person these days? Companies are sweetening the deal with things like flexible payment options, free delivery right to your door, easy returns, and even free setup for your new washing machine – anything to get you to choose their brand! Because of all this – companies moving online and how we like to shop now – experts think the demand for washing machines in Saudi Arabia will keep growing over the next five years.
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Market Segmentation
So, how is the washing machine market in Saudi Arabia broken down? Well, it's looked at in terms of product type (fully automatic versus semi-automatic machines), how much laundry they can handle (capacity - below 6 kg, 6-8 kg, or 8 kg and above), and the kind of technology inside (you've got your conventional washers and those fancy smart, connected ones). Where are people buying them? That's the distribution channel, and it includes electronic and specialty retailers, big hypermarkets and supermarkets, online stores, and even other places like direct selling. Finally, we consider the market by regional distribution, examining how things differ across western, central, southern, eastern, and northern Saudi Arabia.
Market Players
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., are the major market players operating in the Saudi Arabia washing machine market.
| Attribute | Details |
| Base Year | 2021 |
| Historic Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, Volume in Thousands Units, and CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Product Type · Capacity · Technology · Distribution Channel |
| Regional scope | Western, Central, Southern, Eastern and Northern |
| Key companies profiled | 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. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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