The surge in the spending capacity of consumers and the growing fashion and apparel industry will fuel the Saudi Arabia washing machine market through 2027.
According to TechSci Research report, “Saudi Arabia Washing Machine Market - By Region, Competition Forecast & Opportunities, 2017-2027,” Saudi Arabia washing machine market is forecast to grow at an impressive CAGR of 3.34% in the forecast period due to rapidly surging spending capacity of consumers.
Washing machines have several advantages over traditional methods, including washing, drying, and heating clothes faster while using less water and electricity. This is the main factor contributing to Saudis' high demand for washing machines. Due to its limited water supply, Saudi Arabians need to use water resources more effectively. The washing machine offers a variety of options to people to improve the washing experience for customers while also using less time and cleaning the clothes more effectively.
The major factors boosting the growth of the Saudi Arabia washing machine market are increasing urbanization, the working population, and the rising popularity of online sales channels. Additionally, throughout the forecast period, the Saudi Arabia washing machine market is anticipated to grow due to the introduction of more advanced washing machines and the incorporation of cutting-edge technologies.
Internal water heaters, quicker spin speeds, anti-vibration technology, and tub cleaning cycles are a few of the most recent improvements in washing machine technology. Since all these features are combined, laundry is now significantly simpler. Manufacturers of washing machines are making more and more energy-efficient products to lower their carbon footprint and allow consumers to save money on energy. Technology advancements and strict government regulations on electric home appliances are to blame for the rise of energy-efficient appliances. Some key factors anticipated to support the sales of fully automatic washing machines in Saudi Arabia include increasing consumer awareness of improved energy and water efficiency, improved user convenience, and easy availability in various capacities and price ranges.
In terms of type, the Saudi Arabia washing machine market is segmented into front-load automatic, top-load automatic, and semi-automatic. Among these, the front load automatic type has dominated the market in value terms, with a market share of more than 60% in 2021.
Some companies had to reduce capacity or cease operations due to the COVID-19 pandemic's adverse effects on supply chains. Others, however, have adapted their original production processes to produce urgent supplies or equipped themselves with cutting-edge technology. On the other hand, E-commerce grew significantly as businesses started relying more on online channels to conduct business. In the years to come, online sales are anticipated to rank among the most important revenue streams.
Browse over 21 market data Figures spread through 70 Pages and an in-depth TOC on "Saudi Arabia Washing Machine Market"
The Saudi Arabia washing machine market is segmented based on type, machine capacity, technology, distribution channel, region, and company. Based on type, the Saudi Arabia washing machine market is segmented into front load automatic, top load automatic, and semi-automatic. Regarding machine capacity, Saudi Arabia's washing machine market is segmented into below 8 kg and 8 kg and above. The Saudi Arabia washing machine market is segmented into non-smart and smart-connected washing machines in terms of technology. The distribution channel segment is divided into multi-branded stores, supermarkets/hypermarkets, online, and others (direct sales, wholesales, etc.). Among them, the Multi-branded stores dominate the Saudi Arabia washing machine market.
Key market players in the Saudi Arabia Washing Machine market include:
- LG Electronics Saudi Arabia LLC
- United Matbouli Group (Samsung)
- Al Jabr Trading Co (Haier)
- Abdul Latif Jameel Electronics & Air (Toshiba)
- Alessa Industries Co (Candy)
- Ibrahim Shaker Co Ltd (Midea)
- Abdul Mohsin Al Swailem Est (Daewoo)
- Zagzoog Home Appliance (Whirlpool)
- Alesayi Electronics Co Ltd (Panasonic)
- Al Babtain Trading Co Inc (Beko)
To determine the most effective washing pattern, the LG Inverter Direct Drive Motor's new AI technology measures the laundry's weight and the fabrics' softness. This feature allows LG AI DD washing machines to cause up to 18% less fabric damage, extending the lifespan of clothing.
Homeowners can use the LG ThinQ app to control and monitor their washing machine's operation inside and outside the home using Wi-Fi connectivity, including checking the cycle's remaining time and receiving a message when the washing is finished.
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“The demand for efficient electronic products that deliver high performance for the money spent is being driven by consumers. For the Saudi Arabian washing machine market, the introduction of washing machines equipped with cutting-edge technologies like the internet of things, drive, and bubble technology to tag data, check the status of the clothes being washed, and provide real-time updates is anticipated to open up growth prospects. Additionally, the increased emphasis on producing aesthetically pleasing washing machines that can easily blend with the room to support consumers' improved lifestyles is anticipated to boost the Saudi Arabia Washing Machine Market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Saudi Arabia Washing Machine Market By Type (Front Load Automatic, Top Load Automatic Semi-Automatic), By Machine Capacity (8 Kg and Above, Below 8 Kg), By Technology (Non-Smart, Smart Connected), By Distribution Channel (Multi-Branded Stores, Supermarkets/Hypermarkets, Online and Others (Direct Sales, Wholesales, etc.), By Region, Competition, Forecast & Opportunities, 2017-2027”, has evaluated the future growth potential of washing machine market in Saudi Arabia and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in Saudi Arabia washing machine market.