Reports
Bahrain White Goods Market Size, Growth, Report, Forecast: By Product: Window Air Conditioners, Decorative-Type Split Systems, Central ACs, Air Handling Units, Variable Refrigerant Flow Systems, Fan Coil Units, Roof Tank Water Coolers, Others; By End Use: Residential, Commercial; Regional Analysis; Competitive Landscape; 2023-2028
Bahrain White Goods Market Outlook
The Bahrain white goods market size reached a value of approximately USD 262.2 million in 2022. The market is projected to grow at a CAGR of 5.30% between 2023 and 2028, reaching a value of nearly USD 354.7 million by 2028.
Key Trends in the Market
The term, white goods, is used to refer to large household appliances such as washing machines, refrigerators, air conditioners, dryers, and air purifiers, among others. These appliances are traditionally available in white colours, but nowadays they are also being introduced in different colours. They are widely used in the residential and commercial sectors.
- The steady growth of the country’s economy has positively impacted the Bahrain white goods market growth. Increasing disposable incomes and a growing middle-class population have fuelled consumer spending on large home appliances. Due to such factors, consumers are more inclined to upgrade their existing appliances and invest in advanced, energy-efficient models.
- The increasing adoption of energy-efficient appliances is a major market trend. The surging electricity expenses are boosting the preference for energy-efficient appliances, as they allow users to reduce utility bills. Moreover, the growing awareness about sustainability is propelling the utilisation and manufacturing of these appliances.
- The integration of artificial intelligence in electrical home appliances is a major Bahrain white goods market driver. The utilisation of the latest technologies can enable manufacturers to design smart devices with automated functions.
- Another factor influencing the market development is the global increase in temperature and humidity, which is expected to bolster the demand for air conditioners during the forecast period. Furthermore, the introduction and rapid growth of e-commerce websites, accompanied by simplified payment solutions, are likely to propel white goods sales.
Market Analysis
Based on product, the market is segmented into window air conditioners, decorative-type split systems, central ACs, air handling units, variable refrigerant flow systems, fan coil units, roof tank water coolers, chest freezers, showcase refrigerators, air purifiers, and contactless handwash units. On the basis of end use, the market can be bifurcated into residential and commercial.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Bahrain white goods market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- LG Electronic
- Carrier Global Corporation
- Daikin Industries, Ltd
- Midea Group
- Haier Group Corporation
- Panasonic Corporation
- Zamil Industrial
- S.K.M Air Conditioning LLC
- Awal Gulf Manufacturing Co.
- Super General Company LLC
- Others
Market Share by Product
There is a growing demand for white goods such as air conditioners, washing machines, and refrigerators in Bahrain due to increasing urbanisation and rising disposable incomes. Furthermore, with the increasing penetration of the internet, the demand for smart appliances is anticipated to surge during the forecast period.
Market Share by End Use
The commercial segment is expected to hold a major portion of the Bahrain white goods market share. This can be linked to rapid urbanisation, which is propelling the development of public places such as malls and shopping centres.
Also, with the recovering tourism sector in the country after the COVID-19 pandemic and government efforts to increase the growth of tourism, the demand for white goods in commercial applications is likely to witness a healthy growth.
Competitive Landscape
LG Electronics, also known as LG, is one of the largest electronics companies in the world. The company has its expertise in a variety of technological sectors since its establishment in 1958. Some of the fields the company is engaged in include home appliances and air solutions, home entertainment, and vehicle component solutions, among others.
Carrier Global Corporation is an American company founded in 1915 and currently located in the state of Florida. It is one of the leading companies in sectors such as HVAC solutions, refrigeration, and fire and security. Carrier Global Corporation operates in various countries around the world, serving both residential and commercial customers.
Daikin Industries, Ltd. is a Japanese multinational conglomerate and one of the leading companies dealing with advanced air conditioning solutions for residential, industrial, and commercial applications. The company was founded in 1924 as ÅŒsaka Metalworking Industries LP, which was later renamed to Daikin Industries, Ltd. in 1963. It is one of the largest air conditioner manufacturers in the world, and its eco-friendly technologies are widely utilised in different sectors.
Other market players include Midea Group, Haier Group Corporation, Panasonic Corporation, Zamil Industrial, S.K.M Air Conditioning LLC, Awal Gulf Manufacturing Co., and Super General Company LLC, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
|
| Breakup by End Use |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Bahrain White Goods Market Analysis
8.1 Key Industry Highlights
8.2 Bahrain White Goods Historical Market (2018-2022)
8.3 Bahrain White Goods Market Forecast (2023-2028)
9 Bahrain White Goods Market by Product
9.1 Window Air Conditioners
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Decorative-Type Split Systems
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.3 Central ACs
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.4 Air Handling Units
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.5 Variable Refrigerant Flow Systems
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.6 Fan Coil Units
9.6.1 Historical Trend (2018-2022)
9.6.2 Forecast Trend (2023-2028)
9.7 Roof Tank Water Coolers
9.7.1 Historical Trend (2018-2022)
9.7.2 Forecast Trend (2023-2028)
9.8 Chest Freezers
9.8.1 Historical Trend (2018-2022)
9.8.2 Forecast Trend (2023-2028)
9.9 Showcase Refrigerators
9.9.1 Historical Trend (2018-2022)
9.9.2 Forecast Trend (2023-2028)
9.10 Air Purifiers
9.10.1 Historical Trend (2018-2022)
9.10.2 Forecast Trend (2023-2028)
9.11 Contactless Handwash Units
9.11.1 Historical Trend (2018-2022)
9.11.2 Forecast Trend (2023-2028)
10 Bahrain White Goods Market by End Use
10.1 Residential
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Commercial
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyers Powers
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Competitive Landscape
12.1 Market Structure
12.2 Market Share by Key Players
12.3 Company Profiles
12.3.1 LG Electronics
12.3.1.1 Company Overview
12.3.1.2 Product Portfolio
12.3.1.3 Demographic Reach and Achievements
12.3.1.4 Certifications
12.3.2 Carrier Global Corporation
12.3.2.1 Company Overview
12.3.2.2 Product Portfolio
12.3.2.3 Demographic Reach and Achievements
12.3.2.4 Certifications
12.3.3 Daikin Industries, Ltd
12.3.3.1 Company Overview
12.3.3.2 Product Portfolio
12.3.3.3 Demographic Reach and Achievements
12.3.3.4 Certifications
12.3.4 Midea Group
12.3.4.1 Company Overview
12.3.4.2 Product Portfolio
12.3.4.3 Demographic Reach and Achievements
12.3.4.4 Certifications
12.3.5 Haier Group Corporation
12.3.5.1 Company Overview
12.3.5.2 Product Portfolio
12.3.5.3 Demographic Reach and Achievements
12.3.5.4 Certifications
12.3.6 Panasonic Corporation
12.3.6.1 Company Overview
12.3.6.2 Product Portfolio
12.3.6.3 Demographic Reach and Achievements
12.3.6.4 Certifications
12.3.7 Zamil Industrial
12.3.7.1 Company Overview
12.3.7.2 Product Portfolio
12.3.7.3 Demographic Reach and Achievements
12.3.7.4 Certifications
12.3.8 S.K.M Air Conditioning LLC
12.3.8.1 Company Overview
12.3.8.2 Product Portfolio
12.3.8.3 Demographic Reach and Achievements
12.3.8.4 Certifications
12.3.9 Awal Gulf Manufacturing Co.
12.3.9.1 Company Overview
12.3.9.2 Product Portfolio
12.3.9.3 Demographic Reach and Achievements
12.3.9.4 Certifications
12.3.10 Super General Company LLC
12.3.10.1 Company Overview
12.3.10.2 Product Portfolio
12.3.10.3 Demographic Reach and Achievements
12.3.10.4 Certifications
12.3.11 Others
13 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Bahrain White Goods Market: Key Industry Highlights, 2018 and 2028
2. Bahrain White Goods Historical Market: Breakup by Product (USD Million), 2018-2022
3. Bahrain White Goods Market Forecast: Breakup by Product (USD Million), 2023-2028
4. Bahrain White Goods Historical Market: Breakup by End Use (USD Million), 2018-2022
5. Bahrain White Goods Market Forecast: Breakup by End Use (USD Million), 2023-2028
6. Bahrain White Goods Historical Market: Breakup by Country (USD Million), 2018-2022
7. Bahrain White Goods Market Forecast: Breakup by Country (USD Million), 2023-2028
8. Bahrain White Goods Market Structure
Key Questions Answered in the Report
In 2022, the market reached an approximate value of around USD 262.2 million.
The market is expected to grow at a CAGR of 5.30% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach nearly USD 354.7 million by 2028.
The market is being driven by the rapid urbanisation and surging demand for air conditioners amid increasing temperature and humidity.
The key trends guiding the market include the rising adoption of energy-efficient technologies and the increasing development of smart white goods integrated with artificial intelligence.
The various products considered in the market report are window air conditioners, decorative-type split systems, central ACs, air handling units, variable refrigerant flow systems, fan coil units, roof tank water coolers, chest freezers, showcase refrigerators, air purifiers, and contactless handwash unit.
The significant end uses of white goods are residential and commercial.
The key players in the Bahrain white goods market include LG Electronics, Carrier Global Corporation, Daikin Industries, Ltd., Midea Group, Haier Group Corporation, Panasonic Corporation, Zamil Industrial, S.K.M Air Conditioning LLC, Awal Gulf Manufacturing Co., and Super General Company LLC, among others.
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