Saudi Arabia White Goods Market Report and Forecast 2024-2032 

Saudi Arabia White Goods Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the Saudi Arabia white goods market grew substantially in 2023. Aided by the expanding urbanisation and the rising disposable income, coupled with increasing consumer preference for high-tech appliances, the market is expected to grow at a CAGR of 4.10% between 2024 and 2032.

White goods, commonly known as large home appliances, include refrigerators, washing machines, dishwashers, air conditioners, and other substantial household appliances. They play a crucial role in improving living standards by providing convenience and enhancing productivity in daily domestic chores. Apart from their primary function, they also boast advanced features such as energy efficiency, smart connectivity, and automation, making them an essential part of modern households.

The rising consumer preference for comfortable and convenient lifestyles is driving the Saudi Arabia white goods market growth. With the growing awareness of the benefits associated with these appliances, such as time-efficiency, energy saving, and smart features, there has been a notable shift towards their adoption, leading to a surge in demand for white goods.

The expanding applications of these appliances in various household activities play a significant role in propelling the market expansion. In the kitchen, appliances like refrigerators, dishwashers, and ovens contribute significantly to convenience and efficiency. In laundry, washing machines and dryers play a crucial role. Furthermore, with the advent of smart technology, these appliances are now integrated with various smart features, making them even more appealing to consumers.

Moreover, the rapid urbanisation and the increasing disposable income in Saudi Arabia are significant factors contributing to the Saudi Arabia white goods market demand. As more people move into urban areas and incomes rise, the demand for high-quality, efficient appliances increases.

Additionally, the government's initiatives promoting energy-efficient appliances further boost the market growth. The Saudi Arabian government's Vision 2030 focuses on energy conservation and have stipulated guidelines for energy consumption in white goods. These initiatives, coupled with increasing environmental awareness among consumers, are propelling the demand for energy-efficient appliances.

Looking forward, the Saudi Arabia white goods market outlook is expected to maintain its growth trajectory, underpinned by continued urbanisation, increasing disposable income, and consumer preference for advanced, efficient appliances. The rising trend of smart homes and the proliferation of IoT devices also offer vast potential for the market growth.

Market Segmentation

The market can be divided based on product and end use.

Market Breakup 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
• Air Purifiers
• Contactless Handwash Units

Market Breakup by End Use

• Residential
• Commercial

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Saudi Arabia white goods market. Some of the major players explored in the report by Expert Market Research are as follows:

• 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

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.