Understanding the Kuwait White Goods Market Size, Share, Analysis Forecast 2028

06SepSeptember 6, 2024

Understanding the Kuwait White Goods Market Size, Share, Analysis Forecast 2028

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Kuwait White Goods Market Overview:

According to MarkNtel Advisors study the Kuwait White Goods market is projected to grow at a CAGR of around 9.66% during the forecast period, 2023-28. The market saw consistent growth in the past years, owing to the rising sales of home appliances such as refrigerators, ovens, washing machines, etc., in the residential, commercial, and industrial sectors. Rapid urbanization, expanding housing projects, rise in per capita income, and growing preference of consumers to invest in labor-saving appliances to lessen their domestic tasks are some of the prominent factors driving the sales of white goods in the country. The surge in the construction of new hotels, restaurants, and public spaces, has also made a noticeable contribution to the demand for air conditioners, dishwashers, and cooking ranges, among others.

Key Findings of the Study: Kuwait White Goods market

Decline in the Population of Migrants to Hinder the Market Growth – The decline in the migrant population of the country has marginally hindered the growth of the Kuwait White Goods market. According to the World Bank, Kuwait’s net migration rate fell by around 10% between 2017 & 2022, from 14.5% to 4.4%, indicating a lower proclivity for Kuwait. The high cost of living, fewer job opportunities, extreme weather conditions, and government policies are the primary reasons for minimal migrants arriving in the country.

Additionally, the extreme climatic conditions & humidity and the high cost of residential properties, coinciding with the job losses during the COVID-19 pandemic, also dwindled the migrant population. Hence, this led to a slightly lowered demand for new residential property, further creating a challenge for white goods.

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Scope of the Kuwait White Goods Market Report Segmentation

-By Type

Air Conditioners
Refrigerator
Microwave Oven
Dishwasher
Cooking Range
Smartphones
Vacuum Cleaner
Air Purifier
Washing Machine
Television
Water Heater
Water Dispensers
Desktops & Laptops
Audio
Gaming Monitors
Projectors
Digital Signage

For more detailed information about the Kuwait White Goods market report, click here – https://www.marknteladvisors.com/research-library/kuwait-white-goods-market.html

Geographical analysis:

-By Region

Al Asimah
Al Farwaniya
Hawalli
Al Ahmadi
Al Jahra

Based on all regions across the country, Hawalli held the major market share owing to the presence of a significant number of residential houses & commercial spaces. The Hawalli region is considered the IT hub for Kuwait, due to which commercial offices are projected to be established in the region in the forecast years. These constructions would, in turn, spur the sales of white goods like air conditioners, microwave ovens, water dispensers, and vacuum cleaners in the upcoming years.

Kuwait White Goods Industry Recent Development:

2022: Samsung Display began the mass production of gaming laptops with an OLED display that supports high refresh rates of 240Hz. These displays would increase the competition in the gaming laptops industry.
2022: Panasonic announced their air conditioners with Nanoe X™ Technology, which would provide cleaner air to customers. The technology inhibits the growth of pathogenic microorganisms, such as bacteria, fungi, viruses, and other allergens, thus providing a healthy indoor environment.

Current Landscape of Kuwait White Goods Market

The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the Kuwait White Goods market. The research report profiles major players, including

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Apple
Samsung
LG
Panasonic
Midea
Carrier
Sony
Whirlpool
Haier
Sharp
JBL

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