Saudi Arabia Domestic Washing Machine Market By Type (Front Load Automatic, Top Load Automatic Semi-Automatic), By Machine Capacity (8 Kg and Above, Below 8 Kg), By Technology (Non-Smart, Smart Connected), By Distribution Channel (Multi-Branded Stores, Supermarkets/ Hypermarkets, Online and Others (Direct Sales, Wholesales etc.), By Region, Competition, Forecast & Opportunities, 2024-2032
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 Domestic Washing Machine Market By Type (Front Load Automatic, Top Load Automatic Semi-Automatic), By Machine Capacity (8 Kg and Above, Below 8 Kg), By Technology (Non-Smart, Smart Connected), By Distribution Channel (Multi-Branded Stores, Supermarkets/ Hypermarkets, Online and Others (Direct Sales, Wholesales etc.), By Region, Competition, Forecast & Opportunities, 2024-2032
Saudi Arabia's domestic washing machine market is expected to grow at a CAGR of 3.34% during the forecast period and reach USD 446.43 million by 2027. The Saudi Arabia Domestic Washing Machine market is expanding because of several factors, including an increase in the working population and nuclear families and the popularity of online sales channels. Additionally, throughout the forecast period, developing more advanced washing machines and incorporating cutting-edge technologies into washing machines are anticipated to drive market growth in Saudi Arabia.
To support market expansion, numerous product innovations are being developed concurrently. The LG ThinQ app serves as the smart home's brain and enables users to remotely control, manage, and optimize LG ThinQ-enabled appliances from any location. Homeowners can easily connect their appliances to the application with just a Wi-Fi connection, managing every device from a single dashboard. LG ThinQ, powered by machine learning and AI, analyses user behavior and preferences to provide a highly customized experience.
Over the next five years, it is anticipated that the sales of fully automatic washing machines in Saudi Arabia will be aided by rising consumer awareness of improved water and energy efficiency, increased user convenience, and easy availability in various capacities and price ranges.
Growing Number of Nuclear Families Fuels Market Expansion
As of March 2022, there were 5.46 million households in Saudi Arabia, and in the years to come, this number is anticipated to increase significantly
Smart Connected Domestic Washing Machine Will Drive The Market Expansion
As technology advances in the smart home category, there is a greater desire for interconnected appliances, such as smart washing machines, as a source of luxury and convenience. Wireless technologies such as Wi-Fi and Bluetooth are rapidly being used in home appliances. Increased use of the automatic washing process as a necessary part of daily housekeeping. For instance, Samsung Electronics launched Bespoke AI washing machine, which promises to be the most sustainable, efficient, and intelligent washer on the market. The washing machine provides big capacity, space-saving design and strong and dependable performance that saves users energy, resources, and money. The new Bespoke AI Washer has AI Ecobubble, which converts detergent into bubbles that swiftly permeate into the clothes. Using Ecobubble technology, the washer saves up to 70% on energy while maintaining the same level of cleanliness in cold water.
The growing importance of home monitoring in remote locations, low carbon emission-oriented solutions, the growing need for energy-saving, the rapid proliferation of smartphones and smart gadgets, and the expansion of smart home product portfolio by a large number of players are driving the growth of the smart home connected domestic washing machine market.
Growth of the Market is Supported by the Development of Online Sales Channels
The popularity of the e-commerce sector is growing across the nation due to the widespread use of smart devices and high internet penetration. A quality lifestyle can be afforded by consumers thanks to their high disposable income, which allows them to buy state-of-the-art electronic appliances that improve their comfort and convenience. Since physically visiting a store requires a lot of time and effort, consumers have begun to purchase goods through online sales platforms rather than doing so. To entice customers to buy their brand’s washing machine market players offer several additional facilities, including flexible payment options, free doorstep delivery, simple exchange options, and free installation of the washing machine. Over the next five years, it is anticipated that demand for washing machines in Saudi Arabia will increase due to market players' shift to online sales platforms and shifting consumer preferences.
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Market Segmentation
The Saudi Arabia Domestic Washing Machine market is segmented by type, machine capacity, technology, distribution channel, and region. The market is segmented into front load automatic, top load automatic, and semi-automatic based on type. The machine capacity is further segmented into 8 kg and above and below 8 kg. The technology segment is divided into non-smart and smart connected washing machines. The distribution channel is segmented into multi-branded retailers, supermarkets/hypermarkets, online, and others (direct sales, wholesales, etc.).
Company Profiles
LG Electronics Saudi Arabia LLC, United Matbouli Group (Samsung), Al Jabr Trading Co (Haier), Abdul Latif Jameel Electronics & Air (Toshiba), Alessa Industries Co (Candy), Ibrahim Shaker Co Ltd (Midea), Abdul Mohsin Al Swailem Est (Daewoo), Zagzoog Home Appliance (Whirlpool), Alesayi Electronics Co Ltd (Panasonic) and Al Babtain Trading Co Inc (Beko), etc. are some of the leading players in the Saudi Arabia Domestic Washing Machine market. New market players have also been actively entering the market in recent years, further strengthening future market growth.
| Attribute | Details |
| Market Size Value in 2021 | USD 367.97 Million |
| Revenue Forecast in 2027 | USD 446.43 Million |
| Growth Rate | 3.34% |
| Base Year | 2021 |
| Historical Years | 2017–2020 |
| Estimated Year | 2022E |
| Forecast Period | 2023F –2027F |
| Quantitative Units | Revenue in USD Million, Volume in Thousand Units and CAGR for 2017-2021 and 2022E-2027F |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Type · Machine Capacity · Technology · Distribution Channel · Region. |
| Regional Scope | Western, Central & Northern, Eastern and Southern |
| Key Companies Profiled | LG Electronics Saudi Arabia LLC, United Matbouli Group (Samsung), Al Jabr Trading Co (Haier), Abdul Latif Jameel Electronics & Air (Toshiba), Alessa Industries Co (Candy), Ibrahim Shaker Co Ltd (Midea), Abdul Mohsin Al Swailem Est (Daewoo), Zagzoog Home Appliance (Whirlpool), Alesayi Electronics Co Ltd (Panasonic) and Al Babtain Trading Co Inc (Beko) etc. |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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