Saudi 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
The number of households stood at 5.46
million as of March 2022, and this number is expected to grow at a rapid rate
in the coming years. Saudi Arabia is majorly dependent on the oil & gas
industry. The government is adopting measures to lower the dependence and
generate new income sources to boost the economic position of the country. The
surge in economic activities is fueling the rate of industrialization and
urbanization, which is putting a significant impact on consumers' nature and
type of urban life. People have started to live single, or as nuclear families
and the surge in the working population, there is less time left to do the
household work. To wash the clothes in a concise amount of time efficiently and
use less water and electricity is accelerating the sales of washing machines
across the country.
High Demand from Commercial Sector Fuels
the Market Growth
The launch of supportive government
programs such as Saudi Vision 2030 and the National Transformation Program is
expected to boost the country's commercial sector. To make Saudi Arabia one of
the leading nations worldwide, the Saudi government is working on the
development of world-class infrastructure. Saudi Arabia attracts a large number
of tourists every year, which fuels the construction and development of hotels
in the country. The rise in the number of hotels and the need to provide a
pleasant experience to tourists during a hotel stay is bolstering the need to
invest in advanced electronic appliances such as washing machines, presses,
television, refrigerators, amongst others other 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
The high internet penetration and
proliferation of smart devices are driving the popularity of the e-commerce
industry across the country. The high disposable income of the consumers
enables them to afford a quality lifestyle by purchasing advanced electronic
appliances to ease the comfort and convenience of consumers. Consumers have
started to buy through the online sales platform instead of visiting the stores
physically, as it takes a lot of time and effort to go to the store. Market
players provide several additional facilities such as payment flexibility
options, free doorstep delivery, easy exchange options, and free installation
of the washing machine to lure the customers into buying the washing machine of
their brand. The shift of the market players towards the online sales platform
and the changing consumer preference is expected to accelerate the demand for
Saudi Arabia washing machine market through the next five years.
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Market Segmentation
The Saudi Arabia washing machine market
is segmented into product
type, capacity, technology, distribution channel, regional distribution,
and company. Based on product type,
the market is divided into fully automatic & semi-automatic. Based on capacity,
the market is divided into below 6 kg, between 6-8 kg, 8 kg and above. Based on
technology, the market is divided into conventional washing machine and smart
connected washing machine. Based on distribution channel, the market is divided
into electronic and specialty retailers, hypermarkets/ supermarkets, online
channels, others (direct selling, etc.). To analyze the
market based on the region, the Saudi Arabia washing machine market is studied
in major regions namely western, central, southern, eastern, and northern.
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.
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Attribute
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Details
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Base Year
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2021
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Historic Data
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2017 –
2020
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Estimated Year
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2022
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Forecast Period
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2023
– 2027
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Quantitative Units
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Revenue in USD Million, Volume in Thousands Units, and CAGR
for 2017-2021 and 2022-2027
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Report coverage
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Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
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Segments covered
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·
Product Type
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Capacity
·
Technology
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Distribution Channel
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Regional scope
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Western, Central, Southern, Eastern and Northern
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Key companies profiled
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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.
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Customization scope
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10% free report customization with purchase. Addition or
alteration to regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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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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Report Scope:
In this report, Saudi Arabia washing
machine market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
- Saudi Arabia Washing Machine Market, By Product
Type:
- Fully Automatic
- Semi-Automatic
- Saudi Arabia Washing Machine Market, By Capacity:
- Below 6 Kg
- Between 6-8 Kg
- 8 Kg and Above
- Saudi Arabia Washing Machine Market, By Technology:
- Conventional Washing Machine
- Smart Connected Washing Machine
- Saudi Arabia Washing Machine Market, By Distribution
Channel:
- Electronic and Specialty Retailers
- Hypermarkets/ Supermarkets
- Online Channels
- Others
- Saudi Arabia Washing
Machine Market, By Region:
o Western
o Central
o Southern
o Eastern
o Northern
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Saudi Arabia washing machine market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).
Saudi Arabia washing
machine market is an upcoming report to be released soon. If you wish an early
delivery of this report or want to confirm the date of release, please contact
us at [email protected]