Saudi Arabia Washing Machine Market to Grow with a CAGR of 3.34% During the Forecast Period
The surge in the
spending capacity of consumers and the growing fashion and apparel industry
will fuel the Saudi Arabia washing machine market through 2027.
According to TechSci
Research report, “Saudi Arabia Washing Machine Market - By Region,
Competition Forecast & Opportunities, 2017-2027,” Saudi Arabia washing machine market is
forecast to grow at an impressive CAGR of 3.34% in the forecast period due to
rapidly surging spending capacity of consumers.
Washing machines have several advantages
over traditional methods, including washing, drying, and heating clothes faster while using less water
and electricity. This is the main factor contributing to Saudis' high demand
for washing machines. Due to its limited water supply, Saudi Arabians need to
use water resources more effectively. The washing machine offers a variety of
options to people to improve the washing experience for customers while also
using less time and cleaning the clothes more effectively.
The major factors boosting the growth of
the Saudi Arabia washing machine market are increasing urbanization, the
working population, and the rising popularity of online sales channels.
Additionally, throughout the forecast period, the Saudi Arabia washing machine
market is anticipated to grow due to the introduction of more advanced washing
machines and the incorporation of cutting-edge technologies.
Internal water heaters, quicker spin
speeds, anti-vibration technology, and tub cleaning cycles are a few of the
most recent improvements in washing machine technology. Since all these
features are combined, laundry is now significantly simpler. Manufacturers of
washing machines are making more and more energy-efficient products to lower
their carbon footprint and allow consumers to save money on energy. Technology
advancements and strict government regulations on electric home appliances are
to blame for the rise of energy-efficient appliances. Some key factors
anticipated to support the sales of fully automatic washing machines in Saudi
Arabia include increasing consumer awareness of improved energy and water
efficiency, improved user convenience, and easy availability in various
capacities and price ranges.
In terms of type, the Saudi Arabia
washing machine market is segmented into front-load automatic, top-load
automatic, and semi-automatic. Among these, the front load automatic type has
dominated the market in value terms, with a market share of more than 60% in
2021.
Some companies had to reduce capacity or
cease operations due to the COVID-19 pandemic's adverse effects on supply
chains. Others, however, have adapted their original production processes to
produce urgent supplies or equipped themselves with cutting-edge technology. On
the other hand, E-commerce grew significantly as businesses started relying
more on online channels to conduct business. In the years to come, online sales
are anticipated to rank among the most important revenue streams.
Browse over 21 market data Figures spread
through 70 Pages and an in-depth TOC on " Saudi Arabia Washing Machine Market"
The Saudi Arabia washing
machine market is segmented based on type, machine capacity, technology,
distribution channel, region, and company. Based on type, the Saudi Arabia
washing machine market is segmented into front load automatic, top load
automatic, and semi-automatic. Regarding machine capacity, Saudi Arabia's
washing machine market is segmented into below 8 kg and 8 kg and above. The
Saudi Arabia washing machine market is segmented into non-smart and
smart-connected washing machines in terms of technology. The distribution
channel segment is divided into multi-branded stores,
supermarkets/hypermarkets, online, and others (direct sales, wholesales, etc.).
Among them, the Multi-branded stores dominate the Saudi Arabia washing machine
market.
Key market players in the Saudi
Arabia Washing Machine market include:
- 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)
- Al Babtain Trading Co Inc (Beko)
To determine the most
effective washing pattern, the LG Inverter Direct Drive Motor's new AI
technology measures the laundry's weight and the fabrics' softness. This
feature allows LG AI DD washing machines to cause up to 18% less fabric damage,
extending the lifespan of clothing.
Homeowners can use the LG
ThinQ app to control and monitor their washing machine's operation inside and
outside the home using Wi-Fi connectivity, including checking the cycle's
remaining time and receiving a message when the washing is finished.
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“The demand for efficient
electronic products that deliver high performance for the money spent is being
driven by consumers. For the Saudi Arabian washing machine market, the
introduction of washing machines equipped with cutting-edge technologies like the
internet of things, drive, and bubble technology to tag data, check the status
of the clothes being washed, and provide real-time updates is anticipated to
open up growth prospects. Additionally, the increased emphasis on producing
aesthetically pleasing washing machines that can easily blend with the room to
support consumers' improved lifestyles is anticipated to boost the Saudi Arabia
Washing Machine Market.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Saudi
Arabia 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, 2017-2027”, has evaluated the future growth potential of washing
machine market in Saudi Arabia
and provides statistics and
information on market structure, size, share and future growth. The report is
intended to provide cutting-edge market intelligence and help decision makers
take sound investment decision. Besides, the report also identifies and analyzes
the emerging trends along with essential drivers, challenges and opportunities
present in Saudi Arabia washing machine market.
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