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Saudi Arabia Refrigerator Market, By Type (Top Freezer, Single Door, Side-by-Side, Bottom Freezer, and French Door), By Technology (Non-Smart vs Smart), By Distribution Channel (Multi Branded Stores, Supermarkets/Hypermarkets, Online, Others (Direct Sales, Wholesales, etc.)), By End User (Residential Vs. Commercial), By Region, Competition, Forecast & Opportunities, 2017-2027

October 2022 | 76 pages | ID: S75CE42A5622EN
TechSci Research

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Saudi Arabia refrigerator market is expected to grow at a CAGR of 4.63% during the forecast period and reach USD 386.47 million by 2027 owing to inclination toward advanced models of refrigerators with automation. Furthermore, rising urbanization, product innovation, and income are expected to boost the Saudi Arabia refrigerator market during the forecast period.

A refrigerator is a machine utilized for keeping things cold. It comprises a thermally protected compartment and a heat pump that transfers heat from inside to outside to cool it below room temperature. It is utilized to cool food and different items. Refrigerators are commonly used in homes and businesses to provide a handy and safe way to preserve food. To attract end-users, industry manufacturers are working on introducing a higher level of luxury and new refrigeration products.

Continued technological developments in electronics and declining refrigerator prices are expected to support the rise of the refrigerator market in Saudi Arabia. High consumer disposable income and a growing preference among consumers for smart appliances as living standards rose and customers placed more value on luxury and convenience, the development of more expensive, sophisticated models of refrigerators gave the category new life. Consumer dependence on smart devices and appliances has grown because of the COVID-19 pandemic and is expected to continue growing in the years to come since they provide ease, less effort, and time savings. The demand for smart home appliances in Saudi Arabia is significantly increasing because of the numerous industry participants offering these products with trendy and attractive designs.

Inclination Towards Advanced Models of Refrigerators is Driving the Market Growth

The market for refrigerators in Saudi Arabia has grown due to increasing technological advancement in refrigerators. Modern features in more recent refrigerator models include automatic temperature controls, chillers, different door styles, and lighting sensors, among others. A boost in purchasing power, technical advancements, and smart refrigerators that can be operated via cellphones and Wi-Fi contribute to the market's trend towards advanced models. As a result, there is now more demand for refrigerators, and technological advancements in refrigerator models are projected to fuel the expansion of the Saudi Arabia refrigerator market.

Flourishing Tourism Industry Encourages the Market Growth

The oil and gas sector is the primary source of income for the Kingdom of Saudi Arabia. The government is currently undertaking initiatives, such as Saudi Vision 2030, to diversify the country's revenue streams and has budgeted USD 810 billion for cultural, recreation, and entertainment projects. Most visitors to Saudi Arabia include only business travelers, expatriate workers, and religious pilgrims. Two thousand five hundred luxury hotel rooms are anticipated to be created by the Amala project and the Red Sea project, which would include 90 islands for tourists to visit. The demand for refrigerators and mini fridges in hotel rooms to provide a better experience during the hotel stay is anticipated to increase because of the hospitality industry's expanding construction and growth. In the coming years, the demand for refrigerators in Saudi Arabia is anticipated to increase due to the country's expanding tourism sector and the development of new hotels, restaurants, and caf?s.

Growing Demand for Environment Friendly Refrigerators Fuels the Market Growth

The Saudi Arabian government has mandated that refrigerator manufacturers provide energy-efficient refrigerators with star ratings of three or higher to reduce the country's high electricity use. Manufacturers are attempting to make refrigerators more energy efficient. The refrigerators are being introduced with cutting-edge technologies such as total no frost, inverter, and intelligent diagnosis, which are anticipated to capture a sizable portion of the market demand in the upcoming years. Over the following years, it is anticipated that rising consumer awareness and the introduction of eco-friendly refrigerators will increase market demand.

Market Segmentation

The Saudi Arabia refrigerator market is segmented based on type, technology, distribution channel, end user, region, and competitional landscape. Based on type, the market is further segmented into top freezer, single door, side-by-side, bottom freezer, and french door. The technology segment is further divided into non-smart and smart. The distribution channel is segmented into multi-branded stores, supermarkets/ hypermarkets, online and others. It also studies the end user segment which is further segmented into residential and commercial.

Company Profiles

Al Jabr Trading Co (Haier), LG Electronics Saudi Arabia Ltd, United Matbouli Group (Samsung), Abdul Latif Jameel Electronics & Air Conditioning Co Limited (Toshiba), Abdul Mohsin Al Swailem Est (Daewo), Ibrahim Shaker Co Ltd (Midea), Hamad Abdulla Alessa & Sons Co (Hitachi), Zagzoog Home Appliance (Hitachi), Awad Badi Nahas Trading Co Ltd (Liebherr), Robert Bosch Saudi Arabia Ltd, etc. are some of the leading players in Saudi Arabia Refrigerator Market.

Report Scope:

In this report, Saudi Arabia Refrigerator Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
  • Saudi Arabia Refrigerator Market, By Type:
    • Top freezer
    • Single door
    • Side-by-Side
    • Bottom freezer
    • French door
  • Saudi Arabia Refrigerator Market, By Technology:
    • Non-Smart
    • Smart
  • Saudi Arabia Refrigerator Market, By Distribution Channel:
    • Multi-Branded Stores
    • Supermarkets/Hypermarkets
    • Online
    • Others
  • Saudi Arabia Refrigerator Market, By End User:
    • Residential
    • Commercial
  • Saudi Arabia Refrigerator Market, By Region:
    • Western
    • Central & Northern
    • Eastern
    • Southern
Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia refrigerator 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).
1. PRODUCT OVERVIEW

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. IMPACT OF COVID-19 ON SAUDI ARABIA REFRIGERATOR MARKET

5. VOICE OF CUSTOMERS

5.1. Brand Awareness
5.2. Factors Affecting Purchase Decision
5.3. Challenges Faced Post Purchase

6. SAUDI ARABIA REFRIGERATOR MARKET OUTLOOK

6.1. Market Size & Forecast
  6.1.1. By Value & Volume
6.2. Market Share & Forecast
  6.2.1. By Type (Top freezer, Single door, Side-by-Side, Bottom Freezer, French door)
  6.2.2. By Technology (Non-Smart Vs. Smart)
  6.2.3. By Distribution Channel (Multi Branded stores, Supermarkets/Hypermarkets, Online, and Others)
  6.2.4. By End User (Residential Vs. Commercial)
  6.2.5. By Region (Western, Central & Northern, Eastern, Southern)
  6.2.6. By Company (2021)
6.3. Market Map (By Type, By Technology, By Distribution Channel, By End User, By Region)

7. SAUDI ARABIA TOP FREEZER REFRIGERATOR MARKET OUTLOOK

7.1. Market Size & Forecast
  7.1.1. By Value & Volume
7.2. Market Share & Forecast
  7.2.1. By Technology
  7.2.2. By Distribution Channel
  7.2.3. By End User

8. SAUDI ARABIA SINGLE DOOR REFRIGERATOR MARKET OUTLOOK

8.1. Market Size & Forecast
  8.1.1. By Value & Volume
8.2. Market Share & Forecast
  8.2.1. By Technology
  8.2.2. By Distribution Channel
  8.2.3. By End User

9. SAUDI ARABIA SIDE-BY-SIDE REFRIGERATOR MARKET OUTLOOK

9.1. Market Size & Forecast
  9.1.1. By Value & Volume
9.2. Market Share & Forecast
  9.2.1. By Technology
  9.2.2. By Distribution Channel
  9.2.3. By End User

10. SAUDI ARABIA BOTTOM FREEZER REFRIGERATOR MARKET OUTLOOK

10.1. Market Size & Forecast
  10.1.1. By Value & Volume
10.2. Market Share & Forecast
  10.2.1. By Technology
  10.2.2. By Distribution Channel
  10.2.3. By End User

11. SAUDI ARABIA FRENCH DOOR REFRIGERATOR MARKET OUTLOOK

11.1. Market Size & Forecast
  11.1.1. By Value & Volume
11.2. Market Share & Forecast
  11.2.1. By Technology
  11.2.2. By Distribution Channel
  11.2.3. By End User

12. PRICING ANALYSIS

13. PRODUCT BENCHMARKING

14. IMPORT & EXPORT ANALYSIS

15. MARKET DYNAMICS

15.1. Drivers
15.2. Challenges

16. MARKET TRENDS & DEVELOPMENTS

17. POLICY & REGULATORY LANDSCAPE

18. SAUDI ARABIA ECONOMIC PROFILE

19. COMPETITIVE LANDSCAPE

19.1. Al Jabr Trading Co (Haier),
19.2. LG Electronics Saudi Arabia Ltd,
19.3. United Matbouli Group (Samsung),
19.4. Abdul Latif Jameel Electronics & Air Conditioning Co Limited (Toshiba),
19.5. Abdul Mohsin Al Swailem Est (Daewo),
19.6. Ibrahim Shaker Co Ltd (Midea),
19.7. Hamad Abdulla Alessa & Sons Co (Hitachi),
19.8. Zagzoog Home Appliance (Hitachi),
19.9. Awad Badi Nahas Trading Co Ltd (Liebherr),
19.10. Robert Bosch Saudi Arabia Ltd

20. STRATEGIC RECOMMENDATIONS

21. ABOUT US & DISCLAIMER


LIST OF FIGURES

Figure 1: Saudi Arabia Refrigerator Market Size, By Value (USD Million), By Volume (Thousand Units), 2017- 2027F
Figure 2: Saudi Arabia Refrigerator Market Share, By Type, By Volume, 2017- 2027
Figure 3: Saudi Arabia Refrigerator Market Share, By Technology, By Volume, 2017- 2027F
Figure 4: Saudi Arabia Refrigerator Market Share, By Distribution Channel, By Volume, 2017- 2027F
Figure 5: Saudi Arabia Refrigerator Market Share, By End User, By Volume, 2017- 2027F
Figure 6: Saudi Arabia Refrigerator Market Share, By Region, By Volume, 2017- 2027F
Figure 11: Saudi Arabia Refrigerator Market Share, By Company, By Value, 2021
Figure 12: Saudi Arabia Refrigerator Market Map, By Type, Market Size (USD Million) & Growth Rate (%), 2021
Figure 13: Saudi Arabia Refrigerator Market Map, By Technology, Market Size (USD Million) & Growth Rate (%), 2021
Figure 14: Saudi Arabia Refrigerator Market Map, By Distribution Channel, Market Size (USD Million) & Growth Rate (%), 2021
Figure 15: Saudi Arabia Refrigerator Market Map, By End User, Market Size (USD Million) & Growth Rate (%), 2021
Figure 16: Saudi Arabia Refrigerator Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2021
Figure 17: Saudi Arabia Top Freezer Refrigerator Market Size, By Value (USD Million), By Volume (Thousand Units), 2017-2027F
Figure 18: Saudi Arabia Top Freezer Refrigerator Market Share, By Technology, By Volume, 2017-2027F
Figure 19: Saudi Arabia Top Freezer Refrigerator Market Share, By Distribution Channel, By Volume, 2017-2027F
Figure 20: Saudi Arabia Top Freezer Refrigerator Market Share, By End User, By Volume, 2017-2027F
Figure 21: Saudi Arabia Single Door Refrigerator Market Size, By Value (USD Million), By Volume (Thousand Units), 2017-2027F
Figure 22: Saudi Arabia Single Door Refrigerator Market Share, By Technology, By Volume, 2017-2027F
Figure 23: Saudi Arabia Single Door Refrigerator Market Share, By Distribution Channel, By Volume, 2017-2027F
Figure 24: Saudi Arabia Single Door Refrigerator Market Share, By End User, By Volume, 2017-2027F
Figure 25: Saudi Arabia Side-By-Side Refrigerator Market Size, By Value (USD Million), By Volume (Thousand Units), 2017-2027F
Figure 26: Saudi Arabia Side-By-Side Refrigerator Market Share, By Technology, By Volume, 2017-2027F
Figure 27: Saudi Arabia Side-By-Side Refrigerator Market Share, By Distribution Channel, By Volume, 2017-2027F
Figure 28: Saudi Arabia Side-By-Side Refrigerator Market Share, By End User, By Volume, 2017-2027F
Figure 29: Saudi Arabia Bottom Freezer Refrigerator Market Size, By Value (USD Million), By Volume (Thousand Units), 2017-2027F
Figure 30: Saudi Arabia Bottom Freezer Refrigerator Market Share, By Technology, By Volume, 2017-2027F
Figure 31: Saudi Arabia Bottom Freezer Refrigerator Market Share, By Distribution Channel, By Volume, 2017-2027F
Figure 32: Saudi Arabia Bottom Freezer Refrigerator Market Share, By End User, By Volume, 2017-2027F
Figure 33: Saudi Arabia French Door Refrigerator Market Size, By Value (USD Million), By Volume (Thousand Units), 2017-2027
Figure 34: Saudi Arabia French Door Refrigerator Market Share, By Technology, By Volume, 2017-2027F
Figure 35: Saudi Arabia French Door Refrigerator Market Share, By Distribution Channel, By Volume, 2017-2027F
Figure 36: Saudi Arabia French Door Refrigerator Market Share, By End User, By Volume, 2017-2027F


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