Market Snapshot
| Study Period: | 2018-2027 |
| Base Year: | 2021 |
| CAGR: | <5.5 % |
|
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Market Overview
The supply chain of major home appliance and consumer electronics firms has been impacted by COVID-19. China is one of the leading users and makers of different home appliances and consumer electronics items, but it also exports a variety of input materials that are mostly used to produce completed goods to various nations. The supply and demand mismatch is widening as a result of this.
Smart appliances have been developed due to technological improvements, which are projected to fuel market expansion over the forecast period. Smart appliances are more energy-efficient and have more advanced functions. Consumers are being encouraged to update their present appliances to smarter ones by rising disposable income, rising living standards, and the need for comfort, all of which are projected to drive market demand. Home appliances are popular among consumers because they provide convenience, reduce effort, and save time. Over the next several years, product innovation, new product development, product differentiation, and the integration of multiple value-added features are likely to propel market demand.
The home appliance industry in Bahrain is witnessing a substantial transformation, with customers shifting away from traditional items and toward more spontaneous, beautiful, and attractive products. Increased spending power and improved lifestyles fuel global demand for smart home equipment, particularly in Bahrain, where locals value a high living level and consider it a way of life for many.
Scope of the Report
Home Appliances is a market for appliances often used in private homes. Kitchen appliances are sometimes known as white goods in the retail industry. Consumer electronics are not included in this sector, separated into Major and Small Home Appliances. Bahrain Major Home Appliance Market is segmented by product (refrigerators and freezers, washing machines, air conditioners, microwave ovens, cooking appliances (ranges/hobs), dishwashers, and others) and distribution channel (online and offline).
| By product | |
| Refrigerators and freezers | |
| Washing machines | |
| Air conditioners | |
| Microwave ovens | |
| Cooking appliances (ranges/hobs) | |
| Dishwashers | |
| Others |
| By distribution channel | |
| Online | |
| Offline |
Key Market Trends
Major Appliances are Growing Due to Smart Homes and Advanced Technology
Bahrain's smart home industry is gaining popularity as the country's digitization, and internet connectivity improves. In the major home appliance market, smart homes and smart home technologies provide owners with greater comfort, convenience, security, and energy efficiency. Connected devices propel the industry forward by combining appliances with applications and platforms.
IoT (internet of things) and smart home automation make the home environment easier to manage. These gadgets employ wireless protocols, including Wi-Fi, 3G, and Bluetooth, to allow customers to monitor and track the operation of major home appliances.
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Bahrain has Increased its Production of Major White Goods.
The adoption of heavy energy-efficient appliances is driving the market for big household appliances in Bahrain. Furthermore, the expansion of the main home appliance market in Bahrain is expected to be fueled by a growing population and changing lifestyles.
The output of white goods such as refrigerators, washing machines, and air conditioners increased in Bahrain's key appliance market. With a growing millennial population, a high standard of living, and increasing smartphone penetration, Bahrain is also the largest market for smart home equipment.
Competitive Landscape
The report covers major players operating in the Bahrain major home appliances market, their product portfolio, key financials, and developments. The market is transforming with many technological advancements through product innovation and process automation. The key market players are focusing on improving their production capacity, which will help them to increase exports.
Major Players
Recent Development
- In January 2022, At Intersec 2022, one of the major security, safety, and fire protection events held recently in Dubai, Panasonic announced the launch of i-PRO Europe Middle East and Africa (i-PRO EMEA) operations in the area. From April 2022, the firm will use the i-PRO brand as its exclusive product identification, in keeping with its new approach.
- In March 2021, Samsung Gulf Electronics has announced that all of the brand's well-known home appliance models are now available. For many consumers, online shopping has become the preferred means of acquiring goods, since it provides more ease, simplicity, and convenience.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Insights on Various Regulatory Trends
4.5 Insights on impact of technology and innovation
4.6 Industry Attractiveness - Porters' Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitutes
4.6.5 Intensity of Competitive Rivalry
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By product
5.1.1 Refrigerators and freezers
5.1.2 Washing machines
5.1.3 Air conditioners
5.1.4 Microwave ovens
5.1.5 Cooking appliances (ranges/hobs)
5.1.6 Dishwashers
5.1.7 Others
5.2 By distribution channel
5.2.1 Online
5.2.2 Offline
6. COMPETITIVE LANDSCAPE
6.1 Market Concetration Overview
6.2 Company Profiles
6.2.1 Samsung Electronics
6.2.2 Electrolux AB
6.2.3 Midea
6.2.4 Panasonic Corporation
6.2.5 Bosch
6.2.6 Hitachi, Ltd.
6.2.7 Concord Home applinace
6.2.8 Haier Electronics Group
6.2.9 Arcelik A.S
6.2.10 BSH Home Appliances Group*
*List Not Exhaustive7. MARKET OPPORTUNTIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
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Frequently Asked Questions
What is the study period of this market?
The Bahrain Major Home Appliances Market market is studied from 2018 - 2027.
What is the growth rate of Bahrain Major Home Appliances Market?
The Bahrain Major Home Appliances Market is growing at a CAGR of <5.5% over the next 5 years.
Who are the key players in Bahrain Major Home Appliances Market?
Samsung Electronics, Electrolux AB, Midea, Panasonic Corporation, Bosch are the major companies operating in Bahrain Major Home Appliances Market.
