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Saudi Arabia White Goods Market Size, Share, Growth, Trends, 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, Chest Freezers, Showcase Refrigerators, Others; By End Use; Competitive Landscape; 2024-2032
Saudi Arabia White Goods Market Outlook
Saudi Arabia white goods market size reached nearly USD 5.65 billion in 2023. The market is projected to grow at a CAGR of 4.10% between 2024 and 2032, reaching a value of around USD 8.07 billion by 2032.
Key Trends in the Market
White goods refer to large household appliances that are commonly used for domestic purposes. They are called "white goods" due to their historical association with being finished in white enamel or light-coloured materials, although modern variations are available in different colours and finishes.
- The country’s economy has witnessed a significant growth due to various factors, including favourable government initiatives and economic diversification efforts. This has resulted in a rise in disposable incomes among Saudi Arabian households, which is expected to boost the Saudi Arabia white goods market demand.
- The Saudi Arabian government has implemented various initiatives to support the domestic white goods sector. These initiatives aim to promote local manufacturing, boost employment, and enhance the quality and affordability of white goods for consumers. Such initiatives are crucial Saudi Arabia white goods market trends, and they aid in creating a conducive environment for manufacturers and consumers alike.
- The rapid development of the e-commerce sector in the country acts as a major trend in the market. The growth of online retail and e-commerce platforms has positively impacted the Saudi Arabia white goods market growth. Consumers are increasingly turning to online channels for their purchasing needs due to their enhanced convenience, competitive pricing, and wide range of offerings.
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 Saudi Arabia white goods market segmentations are residential and commercial.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Saudi Arabia white goods market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.
- LG Electronics
- Carrier Global Corporation
- Daikin Industries, Ltd
- Midea Group
- Rheem Manufacturing Company
- Zamil Industrial
- S.K.M Air Conditioning LLC
- Awal Gulf Manufacturing Co.
- Al-Jazeera Home Appliances Company
- Others
Market Share by Product
As per the Saudi Arabia white goods market analysis, central ACs are expected to register high demand during the forecast period. Central ACs are popular white goods due to the extremely hot and dry climate in the country, making them highly sought after by both homeowners and businesses. Central AC systems provide convenience and comfort by maintaining a consistent and desired indoor temperature throughout the entire space. Moreover, they often provide higher energy efficiency as compared to individual cooling units.
Market Share by End Use
The commercial sector is likely to grow rapidly due to the rising expansion of food chains and stores in Saudi Arabia. The growth of fast-food chains and the increasing popularity of fast food have bolstered the usage of white goods, such as refrigerators, air purifiers, and air conditioners. Moreover, the increasing focus on keeping food fresh for a long span amid the rising popularity of delivery and online ordering propels the Saudi Arabia white goods market demand.
Competitive Landscape
LG Electronics, widely known as LG, is a prominent South Korean multinational corporation specialising in diverse sectors within the consumer electronics sector. The company was founded in 1947 and was formerly known as GoldStar. The company underwent a rebranding in 1995 and changed its name to LG Electronics. With its headquarters located in Seoul, South Korea, LG Electronics has established itself as a major player in the global market.
Carrier Global Corporation stands as a distinguished American multinational entity excelling in the production and distribution of cutting-edge heating, ventilation, and air conditioning (HVAC) systems. Additionally, the company has made significant strides in the fields of refrigeration and fire and security technologies.
Midea Group is a Chinese multinational conglomerate corporation that is globally recognised for its expertise in the production and distribution of electrical appliances. Established in 1968 and based in Guangdong Province, China, Midea Group has become a leading manufacturer in the consumer appliances, HVAC systems, and robotics sectors.
Other players in the Saudi Arabia white goods market include Daikin Industries, Rheem Manufacturing Company, Zamil Industrial, S.K.M Air Conditioning LLC, Awal Gulf Manufacturing Co., and Al-Jazeera Home Appliances Company, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
|
| Breakup by End Use |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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*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 Saudi Arabia White Goods Market Overview
8.1 Key Industry Highlights
8.2 Saudi Arabia White Goods Historical Market (2018-2023)
8.3 Saudi Arabia White Goods Market Forecast (2024-2032)
9 Saudi Arabia White Goods Market by Product
9.1 Window Air Conditioners
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Decorative-Type Split Systems
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Central ACs
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Air Handling Units
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Variable Refrigerant Flow Systems
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.6 Fan Coil Units
9.6.1 Historical Trend (2018-2023)
9.6.2 Forecast Trend (2024-2032)
9.7 Roof Tank Water Coolers
9.7.1 Historical Trend (2018-2023)
9.7.2 Forecast Trend (2024-2032)
9.8 Chest Freezers
9.8.1 Historical Trend (2018-2023)
9.8.2 Forecast Trend (2024-2032)
9.9 Showcase Refrigerators
9.9.1 Historical Trend (2018-2023)
9.9.2 Forecast Trend (2024-2032)
9.10 Air Purifiers
9.10.1 Historical Trend (2018-2023)
9.10.2 Forecast Trend (2024-2032)
9.11 Contactless Handwash Units
9.11.1 Historical Trend (2018-2023)
9.11.2 Forecast Trend (2024-2032)
10 Saudi Arabia White Goods Market by End Use
10.1 Residential
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Commercial
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
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 Company Profiles
12.2.1 LG Electronics
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Carrier Global Corporation
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Daikin Industries, Ltd
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Midea Group
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Rheem Manufacturing Company
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Zamil Industrial
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 S.K.M Air Conditioning LLC
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Awal Gulf Manufacturing Co.
12.2.8.1 Company Overview
12.2.8.2 Product Portfolio
12.2.8.3 Demographic Reach and Achievements
12.2.8.4 Certifications
12.2.9 Al-Jazeera Home Appliances Company
12.2.9.1 Company Overview
12.2.9.2 Product Portfolio
12.2.9.3 Demographic Reach and Achievements
12.2.9.4 Certifications
12.2.10 Others
13 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Saudi Arabia White Goods Market: Key Industry Highlights, 2018 and 2032
2. Saudi Arabia White Goods Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Saudi Arabia White Goods Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Saudi Arabia White Goods Historical Market: Breakup by End Use (USD Billion), 2018-2023
5. Saudi Arabia White Goods Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6. Saudi Arabia White Goods Historical Market: Breakup by Country (USD Billion), 2018-2023
7. Saudi Arabia White Goods Market Forecast: Breakup by Country (USD Billion), 2024-2032
8. Saudi Arabia White Goods Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 5.65 billion.
The market is projected to grow at a CAGR of 4.10% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 8.07 billion by 2032.
Major factors driving the market growth include rapid technological advancements and significant economic developments driving disposable incomes.
The market is propelled by the implementation of favourable government schemes and the rapid growth of the e-commerce sector.
The different 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 units.
The various end-uses of white goods are residential and commercial.
The key players in the are LG Electronics, Carrier Global Corporation, Daikin Industries, Ltd, Midea Group, Rheem Manufacturing Company, Zamil Industrial, S.K.M Air Conditioning LLC, Awal Gulf Manufacturing Co., and Al-Jazeera Home Appliances Company, among others.
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