Water Dispensers Market in Saudi Arabia to Grow at CAGR 6%
Scarcity of
potable water and high TDS levels coupled with increasing industrialization to
drive water dispensers sales in Saudi Arabia through 2021
According to TechSci Research
report, “Saudi Arabia Water Dispensers Market By Type, Competition Forecast and Opportunities, 2011 – 2021”, the
water dispensers market in Saudi Arabia is projected to register a CAGR of
around 6% during 2016 - 2021. Growth in the market is anticipated on account of
deteriorating water
quality, growing water pollution and increasing health concerns among consumers.
Moreover, owing to the decline in the per capita water availability, increasing
urbanization and growing per capita household disposable income of consumers,
the demand for clean and safe drinking water is increasing in the country,
consequently driving the demand for packaged water gallons and water dispensers
in Saudi Arabia.
In Saudi Arabia, three types of water dispensers,
namely, top mounted dispensers, upright dispensers and bottled dispensers, are
available in the market. Among these categories, top mounted water dispensers
dominated the Saudi Arabia water dispensers market in 2015, and is anticipated
to maintain its dominance over the
next five years as well. Few of the leading players operating in the Saudi
Arabia water dispensers market include LG, Geepas, Magic, Midea, and Dosel,
among others. Region-wise, North-Central region accounted for the maximum
demand for water dispensers in Saudi Arabia in 2015, followed by western,
eastern and southern regions.
“With growing population and increasing internet penetration, online
consumers form an integral part of the target customer base. Though gradually, the
water dispenser suppliers in Saudi Arabia are increasing their focus towards online
sales. Online sales reduce the distribution and overhead costs, and increase
the profit margins of suppliers. From the consumer’s perspective, online sales
are also beneficial as they can easily compare the specifications and prices of
different water dispensers before purchasing the equipment. With increasing
penetration of internet users, the dynamics of water dispensers market in Saudi
Arabia are anticipated to change over the next five years.”, said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Saudi Arabia Water Dispensers Market By Type, Competition Forecast and
Opportunities, 2011 – 2021”, has
analyzed the potential of Saudi Arabia water dispensers market and provides
statistics and information on market sizes, shares and trends. The report will
suffice in providing the intending clients with cutting-edge market intelligence
and help them in taking sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers and
key challenges faced by the industry.