Saudi Arabia Washing Machines Market Report 2016-2021 Competition Forecast and Opportunities for the $400+ Million Market - Research and Markets

Apr 04, 2016, 09:37 ET from Research and Markets

DUBLIN, April 4, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Saudi Arabia Washing Machines Market By Technology (Semi/Non Automatic & Fully Automatic), By Type (Top Load Fully Automatic, Top Load Single Tub Semi/Non Automatic, etc.), By Capacity, Competition Forecast and Opportunities, 2011 - 2021" report to their offering.  

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The washing machines market in Saudi Arabia is projected to surpass US$ 425 million by 2021

Due to increasingly busy lifestyles, a growing number of consumers in Saudi Arabia prefer to wash their laundry by washing machines. In addition to time saving, washing machines are being preferred as they offer enhanced convenience and use less water compared to traditional hand washing. 

Growing urbanization, rising middle class population, and increasing working population are few of the key drivers augmenting demand for washing machines in Saudi Arabia. Moreover, an increasing number of hotels, clinics & dispensaries, etc., are also boosting demand for washing machines in the Kingdom. 

The market has been segmented into four categories, namely, top load fully automatic, top load single tub semi/non automatic, twin tub semi/non automatic and front load fully automatic. Among these categories, the top load fully automatic washing machines segment dominated the country's washing machines market in 2015, and the segment is anticipated to maintain its dominance over the next five years as well. 

Growing consumer awareness regarding better energy and water efficiency, enhanced user convenience, coupled with easy availability in different capacity and price ranges are some of the major factors anticipated to aid the sales of top load fully automatic washing machines in Saudi Arabia over the next five years. 

Few of the leading players operating in the Saudi Arabia washing machines market include LG Electronics Saudi Arabia Ltd, Haier KSA, Toshiba Corp and Midea Group Co. Ltd. 

Market Trends & Developments  

  • Growing Technological Advancements
  • Growing Demand for Large Capacity Washing Machines
  • Increasing Popularity of Energy & Water Efficient Washing Machines
  • Increasing Online Sales Channel Penetration
  • Penetration of Front Load Washing Machines

Key Topics Covered: 

1. Research Methodology 
2. Analyst View 
3. Product Overview 
4. Global Washing Machines Market Overview 
5. Saudi Arabia Washing Machines Market Outlook 
6. Saudi Arabia Washing Machines Market Segmental Analysis 
7. Market Dynamics 
8. Market Trends & Developments 
9. Trade Dynamics 
10. Saudi Arabia Economic Profile 
11. Policy & Regulatory Landscape 
12. Competitive Landscape 
13. Strategic Recommendations 

Companies Mentioned 

- Eurostar 
- Haier KSA 
- Hamad A. Alessa & Sons Co. (HAASCO) 
- Hisense International Co. Ltd. 
- Hitachi Saudi Arabia Ltd. 
- LG Electronics 
- Midea Group Co. Ltd. 
- Samsung Saudi Arabia 
- Toshiba Gulf FZE 
- Whirlpool MEEA JLT 

For more information visit http://www.researchandmarkets.com/research/mc6npp/saudi_arabia

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SOURCE Research and Markets