Saudi Arabia Built-In Kitchen Appliances Market Overview, 2028

Saudi Arabia Built-In Kitchen Appliances Market Overview, 2028

Actual Market Research 31-12-2022 58 Pages Figures : 4 Tables : 10 Region : MEA Country : Saudi Arabia Category : Consumer Goods & Services Appliances & Equipment

The market for electric kitchen appliances in Saudi Arabia is predicted to increase significantly over the projected period. As a result of the introduction of technologically improved electric appliances and customers' growing desire for these goods. Over the next coming years, Saudi Arabia's demand for electric built-in kitchen appliances is expected to increase. Due to the proliferation of both domestic and foreign brands and the country's growing tourist industry. The market for electric kitchen appliances in Saudi Arabia is segmented according to type, product type, distribution method, and end user. Among these, the market in Saudi Arabia is experiencing significant demand for small built-in kitchen appliances, which include juicers, mixer grinders, cooktops/hobs, cookers, kettles, coffee makers, and others. This can be linked to how people's lifestyles are changing, which is elevating this product to the status of a basic requirement. According to the research report “Saudi Arabia Built-In kitchen appliances Market Overview, 2028," published by Bonafide Research, the market will grow by USD 83.44 Billion in the upcoming period, 2022–2028. The Built-In Hobs dominated the Saudi Arabia Built-in kitchen market share in 2022 and are expected to remain dominant during the forecast period. Due to several variables, including population expansion brought on by the high birth rate, consumer kitchen appliances are predicted to continue growing over the long term in value. Additionally, the fundamental stability of the economy supported by oil revenues, rising disposable incomes, and an increase in the proportion of women in the workforce (which enables middle- and high-income consumers to purchase more premium and more expensive built-in kitchen appliances), will all contribute to value growth within the consumer appliances sector. In terms of retail volume, dishwashers experienced a comeback in growth in Saudi Arabia in 2022. The strengthening economy and increased disposable income are the main drivers of this growth. More women are entering the workforce in Saudi Arabia as a result of changing lifestyles, which leaves less time for dishwashing. While this is going on, consumers are becoming more knowledgeable about how much water can be saved by utilizing modern dishwashers as opposed to hand-washing dishes. A smart house is a suitable home setting in which appliances and gadgets may be remotely and automatically controlled using a mobile or another networked device from any internet-connected location in the world. The number of smart homes in Saudi Arabia has increased significantly year over year, and this trend is projected to continue in the next years. Smart homes and smart kitchen appliances are essential components of the ecosystem for smart appliances. The self-learning capabilities of smart home appliances allow them to automatically adapt the system to the schedules of homeowners. Broadband and internet penetration have increased due to network infrastructure improvements, and consumers are increasingly choosing wireless and technologically advanced items to provide their families with greater protection. Nov 2021 - Electrolux has launched a new partnership with IBM in the Asia Pacific, Middle East, and Africa to give real-time meteorological and environmental data to assist consumers in making energy-saving decisions about when to use built-in appliances like clothes dry air purifiers, and air conditioners. Aug 2021 - LG Electronics has established LG NOVA, a new Silicon Valley-based innovation center, with the mission of fostering a collaborative environment to accelerate the emergence of new ideas that exemplify LG's innovation for better life philosophy. LG NOVA, powered by the LG brand and resources, will collaborate with startup and entrepreneur communities to take ideas and concepts to the next level of development, collaborating with them to form new enterprises. LG NOVA will collaborate with Saudi Arabian and global entrepreneurs who are developing affordable, socially meaningful solutions that push the boundaries of the technologically sophisticated lifestyle. Small home built-in kitchen appliances are primarily sold by multinational corporations in Saudi Arabia. The market share leaders in the sector right now are some of the major rivals. Mid-size and smaller companies are, however, increasing their market presence by securing new contracts and branching out into new industries as a result of technological advancement and product innovation. Among the leading players in the Saudi Arabian small home appliance market are Samsung Electronics, LG Electronics, Godrej Group, Whirlpool, Electrolux AB, and Haier Electronics Group Co. Ltd. By leveraging cutting-edge technologies, few companies are aiming to market more creative and user-friendly appliances. Covid19 impact on the LED light Market The COVID-19 epidemic has had positive and negative effects on the major appliance business. Demand for big appliances like refrigerators and washing machines has increased due to the COVID-19 outbreak. Since the virus has spread, the majority of people work from home; as a result, spending more time at home requires more appliances that can carry out duties more effectively than prior methods. The strong demand for large home furnishings is also largely due to rising living standards and higher disposable money. By 2025, the Saudi Arabian market will reach new heights thanks to the rapid rise of consumer built-in home appliances. The growth of the market is also positively impacted by the development of energy-efficient electric built-in kitchen appliances and the increased demand for remotely operated kitchen appliances with sensors. Considered in this report • Geography: Saudi Arabia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Saudi Arabia's Built-In kitchen appliances market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product • Built-In Ovens • Built-In Hobs • Built-In Hoods • Built-In Refrigerators • Built-In Dishwashers • Others (Trash can cabinet, Built-in coffee maker, etc The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analyzing government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Built-in kitchen appliances industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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