Saudi Arabia Refrigerator Market

15 July, 2016, Navi Mumbai, India: Marketreportsonsaudiarabia.com presents a new report on “Saudi Arabia Refrigerator Market (2016-2022): Market Forecast by Refrigerator Types, Capacities, Applications and Regions” In the coming years, the demand for energy efficient refrigerator is exhibited to increase owing to rising electricity consumption.

http://www.marketreportsonsaudiarabia.com/consumer-goods-market-research-reports-3302/saudi-arabia-refrigerator.html

In Saudi Arabia’s consumer durables market, refrigerator is the key revenue generating segment- driven by factors such as growing number of households, increasing number expatriates in the country, surging disposal income and declining prices. Cities such as Makkah, Riyadh, Jeddah and Madinah have led for the demand for refrigerators in Saudi Arabia. Amongst all GCC countries, Saudi Arabia has captured leading share in overall GCC’s refrigerator market.

Saudi Arabia’s refrigerator market is projected to grow at a CAGR of 7.56% during 2016-22. In Saudi Arabia, the market for double door refrigerators has captured majority of the share in 2015 and would lead through the forecast period. Moreover, share of single door refrigerator is expected to decline over the next six years.

The residential application has accounted for the largest share in the overall refrigerator market. In the coming years, the demand for energy efficient refrigerator is exhibited to increase owing to rising electricity consumption.

The report thoroughly covers refrigerator market by types, capacities, applications and regions. The report provides the unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, market drivers, which would help the stakeholders to decide and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report

• Historical & Forecast data of Saudi Arabia Consumer Durable Market Revenues for the Period 2010-2022F.

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