Electric Kitchen Appliances Market Expected to Witness a Significant Growth Through 2025
Growing trend of modular
kitchen and availability of advanced kitchen appliances are acting as key growth
drivers for Saudi Arabia electric kitchen appliances market.
According
to TechSci Research report, “Saudi
Arabia Electric Kitchen Appliances Market By Type (Automatic vs Manual), By
Product Type (Small Kitchen Appliances, Large Kitchen Appliances), By Distribution
Channel (Specialist Retailers, E-commerce, Supermarkets and Hypermarkets,
Department Stores, Others), By End User (Commercial, Residential), By Region, Forecast
& Opportunities, 2025”, the market is anticipated to undergo a significant CAGR
during the forecast period. Key factors propelling the growth of Saudi Arabia electric
kitchen appliances market are proliferation of both international as well as
local brands in the market and rise in per capita disposable income of the
country. Moreover, increasing working population, growth in retail sector and
entry of new market players are some other major factors contributing to the
growth of Saudi Arabia electric kitchen appliances market. Also, growing trend
for modular kitchen and growth in real estate sector are expected to further
drive the market growth in the country.
Additionally, increasing demand for energy efficient
kitchen appliances are pushing manufacturers to introduce energy saving
appliances. With launch of devices which can be remotely operated, the electric
kitchen appliances market is experiencing major boost in Saudi Arabia.
Furthermore, increasing urbanization and inclusion of women in workplace are
also leading to high demand for electric kitchen appliances in the country.
Apart from this, high investment by companies to launch more advanced products
and string distribution network are further fueling the market growth. The
increasing number of hypermarkets, multi brand stores and thriving e-commerce
industry are also supporting the growth of Saudi Arabia electric kitchen
appliances market.
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Saudi
Arabia electric kitchen appliances market can be segmented based on type,
product type, distribution channel, end user and region. Based on product type,
the market can be segmented into small kitchen appliances and large kitchen
appliances. Among them, the small kitchen appliances market consisting of
juicer mixer grinder, cooktops/hobs, cooker, kettle, coffee machine and others is
expected to undergo high growth during the forecast period. The reasons can be
attributed to changing lifestyle pattern and urbanization which is turning
these electronic kitchen appliances into a basic necessity.
Based
on end user, Saudi Arabia electric kitchen appliances market can be categorized
into commercial and residential sectors. Among them, the residential segment
dominated the market in 2019 and is expected to continue its dominance during
the forecast period owing to rising trend of modular kitchen due to compact
spaces. Furthermore, rise in disposable income and increasing number of working
population are some other factors making residential sector a leading on in
Saudi Arabia electric kitchen appliances market.
Major players operating in the Saudi
Arabia electric kitchen appliances market are Haier Electronics Group Co. Ltd,
Whirlpool, Electrolux AB, Defy Appliances (Pty) Ltd, Candy Group, LG
Electronics, Godrej Group, Panasonic Corporation, Samsung Electronics and
Viking Range, LLC, among others. Key market players are adopting growth
strategies such as new product launches, mergers & acquisitions and collaborations
to strengthen their position in Saudi Arabia market.
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“Saudi
Arabia is witnessing demand for easy and fast cooking electric kitchen
appliances. Apart from this, a major
concern is space. Hence, manufacturers are coming up with electric kitchen
appliances which consumes less space and goes with the aesthetic of the house.
Moreover, influence of western culture and entry of international brands are
some other factors which are providing wide opportunities for the electric
kitchen appliances market to grow,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based Saudi
Arabia management consulting firm.
“Saudi Arabia Electric Kitchen Appliances Market By Type
(Automatic vs Manual), By Product Type (Small Kitchen Appliances, Large Kitchen
Appliances), By Distribution Channel (Specialist Retailers, E-commerce,
Supermarkets and Hypermarkets, Department Stores, Others), By End User
(Commercial, Residential), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of electric
kitchen appliances market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in Saudi Arabia electric
kitchen appliances market.
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