Saudi Arabia electric kitchen appliances
market is expected to undergo formidable growth during the forecast period
owing to the introduction of
technologically advanced electric appliances and growing preference of
consumers to buy these products. The proliferation
of local as well as international brands and increasing tourist population is
anticipated to spur the growth of
the electric kitchen appliances in Saudi Arabia over the next five years.
Additionally, growing trend of modular
kitchen and rise in number of working populations is also leading to the high
demand for electric kitchen appliances. With more manufacturers entering the
market, the consumer gets variety of electric kitchen appliances to choose
from. Low import duties offered by the government is also aiding to the growth
of Saudi Arabia electric kitchen appliances market. The introduction of energy
efficient electric kitchen appliances is further expected to drive the market
by 2026.
Saudi Arabia electric kitchen appliances
market is categorized based on type, product type, distribution channel, end
user and region. Based on product type, the market is segmented into small
kitchen appliances and large kitchen appliances. Among them, the small kitchen
appliances market consisting of juicer mixer grinder, cooktops/hobs, cooker,
kettle, coffee machine and others is undergoing high demand in Saudi Arabia
market. This can be attributed to the changing lifestyle pattern of people
which is making this item a basic necessity.
Based on end user, Saudi Arabia electric
kitchen appliances market is segmented into commercial and residential sectors.
The residential segment dominated the market in 2020 and is expected to
continue its dominance during the forecast period owing to growing trend of
modern kitchen with compact spaces. The rise in disposable income is also an
aiding factor behind the rising demand of electric kitchen appliances for
residential use.
Some of the major players operating in
the Saudi Arabia electric kitchen appliances market are Haier Electronics Group
Co. Ltd, Whirlpool, Electrolux AB, Defy Appliances (Pty) Ltd, Candy Group, LG
Electronics, Godrej Group, Panasonic Corporation, Samsung Electronics and Viking
Range, LLC, among others. Leading companies are focusing on using latest
technology to launch more user friendly and advanced electric kitchen
appliances into the market. They are also investing on brand promotion to
increase their market share.
Years
considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026
Objective of the Study:
·
To
analyze and forecast market size of the Saudi Arabia electric kitchen
appliances market, in terms of value.
·
To
define, classify and forecast the Saudi Arabia electric kitchen appliances market
on the basis of type, product type, distribution
channel, end user and regional distribution.
·
To
scrutinize the detailed market segmentation and forecast the market size, in
terms of value, on the basis of end user segmenting Saudi Arabia electric
kitchen appliances market.
·
To
identify tailwinds and headwinds for the Saudi Arabia electric kitchen
appliances market.
·
To
examine competitive developments such as expansions, new product launches,
supply contracts, and mergers & acquisitions in the Saudi Arabia electric
kitchen appliances market.
·
To
evaluate competitor pricing, average market selling prices and trends in the Saudi
Arabia electric kitchen appliances market.
·
To
strategically profile the leading players, which are involved in the supply of electric
kitchen appliances in market.
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TechSci Research performed primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of electric kitchen appliances manufacturers and suppliers in Saudi
Arabia. 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 was able
to include manufacturers that could not be identified due to the limitations of
secondary research. TechSci Research analysed product offerings and end user of
all major electric kitchen appliances suppliers across the country.
TechSci
Research calculated the market size for the electric kitchen appliances market
using a bottom-up approach, where manufacturers’ value sales data for different
types of electric kitchen appliances was recorded as well as forecast for the
future years was made. TechSci Research sourced these values from industry
experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive
at the overall market size. Various secondary sources such as company annual
reports, white papers, investor presentations and financial reports were also used
by the TechSci Research.
Key Target Audience:
- Saudi
Arabia electric kitchen appliances manufacturers
- Saudi
Arabia electric kitchen appliances suppliers
- Research
organizations and consulting companies
- Associations,
organizations, associations and alliances related to electric kitchen
appliances manufacturing
- Government
bodies such as regulating authorities and policy makers
- Industry
associations
- Market
research and consulting firms
The study is useful in providing answers to several
critical questions that are important for industry stakeholders, such as electric
kitchen appliances manufacturers, distributors, dealers and policy makers, which market segments should be targeted over the coming years (next
five years) in order to strategize investments and capitalize on growth of the
market.
Report Scope:
In this report, Saudi Arabia electric kitchen
appliances market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
- Saudi
Arabia Electric Kitchen Appliances Market, By Type:
- Saudi
Arabia Electric Kitchen Appliances Market, By Product Type:
- Small
Kitchen Appliances
- Large
Kitchen Appliances
- Saudi
Arabia Electric Kitchen Appliances Market, By Distribution Channel:
- Specialist
Retailers
- E-commerce
- Supermarkets
and Hypermarkets
- Department
Stores
- Others
- Saudi
Arabia Electric Kitchen Appliances Market, By End User:
- Saudi
Arabia Electric Kitchen Appliances Market, By Region:
- Central
Region
- Western
Region
- Eastern
Region
- Northern
Region
- Southern
Region
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in Saudi Arabia electric kitchen appliances market.
Available Customizations:
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:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
Profit Margin Analysis
- Profit margin analysis in case of
direct and indirect sales channel.
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