Market Size of Saudi Arabia Home Appliances Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 4.07 Billion |
| Market Size (2029) | USD 4.99 Billion |
| CAGR (2024 - 2029) | 4.16 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Saudi Arabia Home Appliances Market Analysis
The Saudi Arabia Home Appliances Market size is estimated at USD 4.07 billion in 2024, and is expected to reach USD 4.99 billion by 2029, growing at a CAGR of 4.16% during the forecast period (2024-2029).
Factors like the rising working population and less time for household tasks boost the growth of Saudi Arabia's home appliances market. The increasing disposable incomes of customers and the growing availability of advanced home appliances encourage people in Saudi Arabia to replace existing appliances with small, stylish, and intelligent appliances.
There has been a significant increase in demand for home appliances in Saudi Arabia as people spend more time at home. Because of the shift toward remote work and increased focus on household goods, there is a growing need for appliances such as refrigerators, washing machines, and televisions.
Many consumers prefer using energy-efficient home appliances because they help reduce carbon footprint, prevent greenhouse emissions, and are cost-efficient. So, manufacturers of home appliances in Saudi Arabia are making energy-efficient products that offer a wide range of opportunities to the new market players.
