Kuwait White Goods Market Report - By Type (Air Conditioners, Refrigerator, Microwave Oven, Dishwasher, Cooking Range, Smartphones, Vacuum Cleaner, Air Purifier, Washing Machine, Television, Water Hea... ... elevision, Water Heater, Water Dispensers, Desktops & Laptops, Audio, Gaming Monitors, Projectors Digital Signage), and Others Read more
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- Aug 2024
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Market Definition
White goods are consumer durables that primarily include home electronic appliances. Radios and television (TV) sets, air conditioners (ACs), refrigerators, washing machines, and various others are some of the most popularly used white goods, offering a variety of purposes such as cooling, heating, cooking, and washing. These products are extensively available on the market and have a diverse range of uses in the commercial and residential sectors. Furthermore, one of the primary factors driving the market growth is the increased adoption of white goods across various industrial verticals such as healthcare and hospitality.
Market Insights & Analysis: Kuwait White Goods Market (2023-28)
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.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2018-2021 |
| Base Year: 2022 | |
| Forecast Period: 2023-28 | |
| CAGR (2023-2028) | 9.66% |
| Key Companies Profiled | Apple, Midea, Samsung, Sharp, Vestel, Panasonic, Huawei, Xiaomi, L.G, Orca, Skyworth, Hisense, JBL, and Bose, Wansa. |
| Unit Denominations | USD Million/Billion |
Moreover, the increasing development of healthcare infrastructures such as the Jahra Medical City and Maternity Hospital in Al-Sabah, the country reinforces the necessity for white goods like refrigerators, air conditioners, televisions, air purifiers, digital signage, etc. In addition, the growing import of meat & related products in Kuwait has certainly influenced the demand for refrigerators in cold storage warehouses to lower the rate of chemical changes & growth of microorganism enzymes in the food products till it reaches the final consumers. For instance:
- In 2021, the second most imported food product in Kuwait was beef & beef products, with a value of around USD25 million.
Hence, this led to increased demand for compressor refrigerators, which were used in cold storage warehouses. Furthermore, the government is focused on diversifying its economy to reduce its reliance on oil, for which the government is impressively working to develop a global commercial hub in Kuwait. Consequently, leading to the construction of new offices, malls, complexes, etc., further strengthening the demand for white goods such as water dispensers, air conditioners, and vacuum cleaners, among others. Besides, continuous developments in white goods, like the integration of artificial intelligence in the products for better functioning & efficiency, have pushed customers to upgrade their white goods, thereby enhancing market sales.
The spike in the over-the-top platforms further encouraged the sales of desktops & laptops for media consumption. It prompted customers to upgrade their television sets to higher-resolution screens. The technological advances that led to the introduction of Smart TVs have also supported the sales of televisions. Along with this, the booming gaming industry led to a higher trade of gaming monitors as it provided customers with better features like higher refresh rates. As a result of rising technological innovations in white goods and growing commercial and residential adoption of labor-saving applications, the Kuwait White Goods market is expected to grow significantly in the coming years.
- Market Segmentation
- Introduction
- Product Definition
- Research Process
- Assumptions
- Executive Summary
- Macroeconomic Outlook
- Kuwait White Goods Market Policies, Regulations, Application Standards
- Kuwait White Goods Market Trends & Insights
- Kuwait White Goods Market Dynamics
- Growth Drivers
- Challenges
- Impact Analysis
- Kuwait White Goods Market Hotspot and Opportunities
- Kuwait White Goods Market: Export Import Analysis 2018-2022
- Kuwait White Goods Market Analysis, 2018-2028
- Market Size & Analysis
- By Revenues (USD Million)
- By Unit Sold (Thousand Units)
- Market Share & Analysis
- 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
- By Region
- Al Asimah
- Al Farwaniya
- Hawalli
- Al Ahmadi
- Al Jahra
- Competition Characteristics
- Market Share of Leading Companies
- By Type
- Market Size & Analysis
- Kuwait Air Conditioners Market Analysis, 2018-2028
- Market Size & Analysis
- By Revenues
- By Unit Sold
- Market Share & Analysis
- By Type
- Split AC
- Window AC
- By End User
- Commercial
- Residential
- Industrial
- By Type
- Market Size & Analysis
- Kuwait Refrigerator Market Analysis, 2018-2028
- Market Size & Analysis
- By Revenues
- By Unit Sold
- Market Size & Analysis,
- By Type
- Up to 300 Litres
- 300-500 Litres
- Above 500 Litres
- By End User
- Commercial
- Residential
- Industrial
- By Type
- Market Size & Analysis
- Kuwait Microwave Oven Market Analysis, 2018-2028
- Market Size & Analysis
- By Revenues
- By Unit Sold
- Market Size & Analysis,
- By Type
- Below 30 Litre
- 30 Litre & Above
- By End User
- Commercial
- Residential
- By Type
- Market Size & Analysis
- Kuwait Dishwasher Market Analysis, 2018-2028
- Market Size & Analysis
- By Revenues
- By Unit Sold
- Market Size & Analysis,
- By Type
- 10-12 Places Dishwasher
- 13-15 Places Dishwasher
- By End User
- Commercial
- Residential
- By Type
- Market Size & Analysis
- Kuwait Cooking Range Market Analysis, 2018-2028
- Market Size & Analysis
- By Revenues
- By Unit Sold
- Market Size & Analysis,
- By Type
- Up to 60L Cooking Range
- Above 60L Cooking Range
- By End User
- Commercial
- Residential
- By Type
- Market Size & Analysis
- Kuwait Smartphone Market Analysis, 2018-2028
- Market Size & Analysis
- By Revenues
- By Unit Sold
- Market Size & Analysis,
- By Price
- Low-Range (Up to USD150)
- Mid-Range (USD150.1-USD350)
- High-Range (Above USD350)
- By Screen Size
- Up to 5 Inches
- 5.1 to 6 Inches
- Above 6 Inches
- By Operating System
- Android
- IOS
- By Price
- Market Size & Analysis
- Kuwait Vacuum Cleaners Market Analysis, 2018-2028
- Market Size & Analysis
- By Revenues
- By Unit Sold
- Market Size & Analysis
- By Type
- Handheld
- Canister
- Upright
- Others
- By End User
- Commercial
- Residential
- By Type
- Market Size & Analysis
- Kuwait Air Purifiers Market Analysis, 2018-2028
- Market Size & Analysis
- By Revenues
- By Unit Sold
- Market Size & Analysis,
- By Type
- HEPA+ Activated Carbon
- HEPA+ Electrostatic Precipitator
- HEPA
- Others
- By End User
- Commercial
- Residential
- By Type
- Market Size & Analysis
- Kuwait Washing Machine Market Analysis, 2018-2028
- Market Size & Analysis
- By Revenues
- By Unit Sold
- Market Size & Analysis,
- By Type
- Up to 5 Kg
- 5.1-10 Kg
- Above 10 Kg
- By End User
- Commercial
- Residential
- By Type
- Market Size & Analysis
- Kuwait Television Market Analysis, 2018-2028
- Market Size & Analysis
- By Revenues
- By Unit Sold
- Market Size & Analysis
- By Type
- Below 32 Inches
- 32 to 50 Inches
- Above 50 Inches
- By Resolution
- Full HD
- 4K & Others
- By End User
- Commercial
- Residential
- By Type
- Market Size & Analysis
- Kuwait Water Heater Market Analysis, 2018-2028
- Market Size & Analysis
- By Revenues
- By Unit Sold
- Market Size & Analysis,
- By Type
- Below 50 Litre
- 50 Litre & Above
- By End User
- Commercial
- Residential
- By Type
- Market Size & Analysis
- Kuwait Water Dispenser Market Analysis, 2018-2028
- Market Size & Analysis
- By Revenues
- By Unit Sold
- Market Size & Analysis
- By Type
- Top Mounted
- Upright
- Bottled
- By End User
- Commercial
- Residential
- By Type
- Market Size & Analysis
- Kuwait Desktops & Laptops Market Analysis, 2018-2028
- Market Size & Analysis
- By Revenues
- By Unit Sold
- Market Size & Analysis
- By Type
- Desktop
- Laptop
- By OS
- macOS
- Windows
- Others (Linux, etc.)
- By End User
- Commercial
- Residential
- By Type
- Market Size & Analysis
- Kuwait Audio Market Analysis, 2018-2028
- Market Size & Analysis
- By Revenues
- By Unit Sold
- Market Size & Analysis
- By Type
- Home Theatre
- Speakers
- Portables
- By End User
- Commercial
- Residential
- By Type
- Market Size & Analysis
- Kuwait Gaming Monitors Market Analysis, 2018-2028
- Market Size & Analysis
- By Revenues
- By Unit Sold
- Market Size & Analysis
- By Screen Size
- Up to 32 Inches
- Above 32 Inches
- By Resolution
- Full HD
- 4K & Others
- By End User
- Commercial
- Residential
- By Screen Size
- Market Size & Analysis
- Kuwait Projectors Market Analysis, 2018-2028
- Market Size & Analysis
- By Revenues
- By Unit Sold
- Market Size & Analysis
- By Resolution
- Full HD
- 4K & Others
- By End User
- Commercial
- Residential
- By Resolution
- Market Size & Analysis
- Kuwait Digital Signage Market Analysis, 2018-2028
- Market Size & Analysis
- By Revenues
- By Unit Sold
- Market Size & Analysis
- By Screen Type
- LCD
- LED
- By End User
- Commercial
- Residential
- By Screen Type
- Market Size & Analysis
- Kuwait White Goods Market, Product Life Cycle and Lead Time
- Kuwait White Goods Market Key Strategic Imperatives for Success and Growth
- Company Profiles
- Disclaimer
MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:
1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.
2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.
3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.
4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making