Saudi Arabia Refrigerators Market to See 7.56% CAGR through 2022, Says 6Wresearch in Its Insightful Report Available at MarketPublishers.com18 Aug 2016 • by Natalie Aster
LONDON – At present, refrigerator segment is recognised as the major revenue generator of the total consumer durables market in Saudi Arabia. The highest demand for refrigerators in the country is registered in such cities as Makkah, Jeddah, Riyadh and Madinah. Moreover, Saudi Arabia accounts for the biggest share of GCC’s refrigerator market.
The domestic refrigerator market is driven by a range of factors, including increasing income and decreasing prices, rising number of households as well as growing number of expatriates in the country. Saudi Arabia’s market for refrigerators is expected to register a 7.56% CAGR in the period from 2016 till 2022.
In the previous year, the domestic refrigerator market was dominated by the double-door refrigerators segment, which accounted for the largest share. In the years to come, this segment is expected to keep on growing and continue holding the leading position. Meanwhile, the share of the single-door refrigerators segment is set to decline.
Cutting-edge insightful research report “Saudi Arabia Refrigerator Market (2016-2022)” prepared by 6Wresearch carefully examines the Saudi Arabian market for refrigerators, providing unbiased insights and a detailed analysis of the current market scenario, discussing top development trends and outlining future growth prospects up to 2022. Moreover, the study covers lucrative growth areas, highlights the market growth drivers and restraints, analyses the latest market strategies and touches upon regulative policies. A detailed analysis of all market segments and an overview of the market competitive scenario are included in the report.
Many other research studies prepared by this publisher are available at 6Wresearch page.