PUBLISHER: TechSci Research | PRODUCT CODE: 1066231
PUBLISHER: TechSci Research | PRODUCT CODE: 1066231
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Saudi Arabia smart home appliances market is anticipated to register significant growth during the forecast period. The growth can be attributed to the increasing technological advancements and rapid urbanization activities. Besides, an increase in the housing sector and changes in consumer lifestyle are expected to drive the Saudi Arabia smart home appliances market. The rising inclination of consumers towards energy-efficient appliances due to growing environmental awareness and surge in need for comfort in household chores contributes to the growth of the Saudi Arabia smart home appliances market. Product innovation and new product development, driven by sustainability and functionality, are adding to the growth of Saudi Arabia smart home appliances market. Wireless technologies like Wi-Fi and Bluetooth are being predominantly included in home appliances that provide users the flexibility to use these appliances using smartphones and tablets. The rise in personal disposable income and high living standards in the country are encouraging the growth of Saudi Arabia smart home appliances market. The COVID-19 pandemic has increased consumers' dependency on smart gadgets and appliances, which is expected to increase in the coming years as they offer ease, reduce efforts, and save time. Many market players are introducing smart home appliances with stylish and aesthetically pleasing designs, significantly boosting the demand for smart home appliances in Saudi Arabia.
The Saudi Arabia smart home appliances market is segmented based on product, distribution channel, competitional landscape, and regional distribution. Based on product type, the market is segmented into washing machines, refrigerators, television, air conditioners, vacuum cleaners, and others. Refrigerators are expected to hold the largest share in Saudi Arabia smart home appliances market on account of the warm and humid climatic conditions of the country. Besides, the increasing availability of affordable models of smart refrigerators and rising personal disposable incomes are expected to encourage the growth of Saudi Arabia smart home appliances market. Double door refrigerators are in high demand due to technological advancements and the growing need for more space to keep groceries and other items.
Electrolux Arabia, Al Jabr Electronics, Haier Saudi Arabia, LG Electronics Saudi Arabia Co Ltd, Samsung Saudi Arabia Co. Ltd, ZAGZOOG For Home Appliances Limited Company (Whirlpool), Alessa Industries Co., KROMO - ALI GROUP S.R.L. A SOCIO UNICO, MEIKO Middle East FZE, General Electric Co., Bosch Safety and Security System, Honeywell Turki Arabia Ltd, Schneider electric systems Saudi Arabia co. Ltd, Siemens Ltd. (Siemens Saudi Arabia), Alesayi Electronics Co. Ltd. are some of the major players operating in the Saudi Arabia home appliances market. New and established market players are introducing eco-conscious smart home appliances to achieve a significant share in Saudi Arabia smart home appliances market.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023-2027
Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers, suppliers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufactures which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufactures, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of Saudi Arabia smart home appliances market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, Saudi Arabia smart home appliances market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Multi Branded Electronic Stores
Northern & Central
Company Profiles: Detailed analysis of the major companies present in Saudi Arabia smart home appliances market.
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: