Rapid urbanisation, expanding housing projects on a worldwide scale, rising per capita income, and changing consumer tastes, with individuals preferring to invest more in appliances to lessen their domestic tasks, are some of the primary reasons driving demand for home appliances in Kuwait. Consumers are becoming more tech-savvy as a result of technical breakthroughs and expanding digitalization, and they are increasingly drawn to modern appliances for all of the benefits they provide.
COVID-19 has disrupted the supply chain of the major home appliances and consumer electronic brands and caused economic uncertainties among working individuals which negatively affected the market growth, particularly in 2020. The shutdown of the production in has forced to temporarily hold the production of the finished goods. This lead to an increase in the supply and demand gap.
In addition, there is a growing global trend of smart home equipment that is gaining traction. The number of smart appliances being launched into the market is fast expanding, and the growing popularity of smart homes is helping this growth of Major home appliances that can be connected to a customer's smartphone and monitored remotely. Industry technological advancements are also expected to enhance demand for Major home appliances in Kuwait.
In Kuwait major home appliances market, the refrigerator is the key revenue-generating segment. The market is driven by factors such as a growing number of households, an increasing number of expatriates in the country, surging disposal income, and declining prices. In Kuwait, the market for double door refrigerators has captured the majority of the share and would lead through the forecast period. In the coming years, the demand for energy-efficient refrigerators is exhibited to increase owing to rising electricity consumption
Kuwait's major home appliance market In terms of domestic consumer appliances, air conditioners, refrigerators, and washing machines have a high penetration in the country.
The market for major household appliances in Kuwait is being driven by the adoption of heavy energy-efficient appliances. Furthermore, the penetration of major home appliance markets in Kuwait is expected to be fueled by a growing population and changing lifestyles.
The Kuwait Major Home Appliance Market is competitive and globalized in nature offering local manufacturers and other manufacturers to enter the market, as the region has low penetration in the market. The region has increased focus on brands and product categories, consumers are price- sensitive in some segments and look for a product with a guarantee. Some of the major players in the market include Panasonic, Samsung, Bosch, Electrolux, Whirlpool, Midea, Candy and Toshiba.
This product will be delivered within 2 business days.
COVID-19 has disrupted the supply chain of the major home appliances and consumer electronic brands and caused economic uncertainties among working individuals which negatively affected the market growth, particularly in 2020. The shutdown of the production in has forced to temporarily hold the production of the finished goods. This lead to an increase in the supply and demand gap.
In addition, there is a growing global trend of smart home equipment that is gaining traction. The number of smart appliances being launched into the market is fast expanding, and the growing popularity of smart homes is helping this growth of Major home appliances that can be connected to a customer's smartphone and monitored remotely. Industry technological advancements are also expected to enhance demand for Major home appliances in Kuwait.
Key Market Trends
Refrigerator Segment is Dominating the Market
In Kuwait major home appliances market, the refrigerator is the key revenue-generating segment. The market is driven by factors such as a growing number of households, an increasing number of expatriates in the country, surging disposal income, and declining prices. In Kuwait, the market for double door refrigerators has captured the majority of the share and would lead through the forecast period. In the coming years, the demand for energy-efficient refrigerators is exhibited to increase owing to rising electricity consumption
Penetration Rate of Major Home Appliances
Kuwait's major home appliance market In terms of domestic consumer appliances, air conditioners, refrigerators, and washing machines have a high penetration in the country.
The market for major household appliances in Kuwait is being driven by the adoption of heavy energy-efficient appliances. Furthermore, the penetration of major home appliance markets in Kuwait is expected to be fueled by a growing population and changing lifestyles.
Competitive Landscape
The Kuwait Major Home Appliance Market is competitive and globalized in nature offering local manufacturers and other manufacturers to enter the market, as the region has low penetration in the market. The region has increased focus on brands and product categories, consumers are price- sensitive in some segments and look for a product with a guarantee. Some of the major players in the market include Panasonic, Samsung, Bosch, Electrolux, Whirlpool, Midea, Candy and Toshiba.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
This product will be delivered within 2 business days.
Table of Contents
1 INTRODUCTION
4 MARKET INSIGHTS AND DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Panasonic
- Samsung
- Electrolux
- Midea
- Whirlpool
- Bosch
- Toshiba
- Candy
- Sharp
- Beko*
Methodology
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