GCC Air Conditioner Aftermarket Analysis, 2020 research report depicts a deep-dive market analysis of statistics of the GCC Air Conditioner Aftermarket , which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.
According to MarkNtel Advisors’ research report titled “GCC Air Conditioner Aftermarket Analysis, 2020”, the GCC Air Conditioner Aftermarket is anticipated to grow at a considerable CAGR during 2020-25. The growth of the market is attributed to increasing government spending toward the transportation sector by the introduction metro projects due to the upcoming World Expo and a significant degree of construction of commercial spaces such as malls and hotels. Besides these, the launch of energy-efficient air conditioners and rapid urbanization are also strongly contributing to the growth of the market in the forecast period.
Hospitality Segment Acquired the Significant Market Share
Based on the end-user, the hospitality sector acquired a significant share in the GCC Air Conditioner Aftermarket in 2019. The growth of the segment is attributed to escalating government initiatives to boost tourism, in the wake of the region hosting FIFA 2022 in Qatar and Expo 2021 in the UAE and also due to rising expenditure toward the hospitality sector which is promoting the growth of the market.
Moreover, the transportation sector is growing at a rapid pace due to the introduction of various metro projects, construction of new airports, and expansion in the metro line with numerous stations and airport upgradation due to upcoming international events. Thus, these are expected to catalyze the market growth of Air Conditioner Aftermarket in the forecast period as stated in the MarkNtel Advisors’ research report “GCC Air Conditioner Aftermarket Analysis, 2020”.
According to MarkNtel Advisors, the key players with a considerable market share in the GCC Air Conditioner Aftermarket include Carrier, Aftron, Trane, Daiken, LG, Mitsubishi, etc.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation and Statistics:
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on GCC Air Conditioner Aftermarket ?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of GCC Air Conditioner Aftermarket during 2020-25?
A. The growth rate of GCC Air Conditioner Aftermarket during 2020-25 is forecast to grow at a considerable CAGR.
Q. Who are the key competitors or players operating in GCC Air Conditioner Aftermarket ?
A. Carrier, Aftron, Trane, Daiken, LG, Mitsubishi etc., are few of the leading players in the GCC Air Conditioner Aftermarket .
Q. Which type segment would emerge as an opportunity area for players in GCC Disposable Air Conditioner Aftermarket ?
A. Service is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which region would emerge as an opportunity area for players in GCC Air Conditioner Aftermarket ?
A. UAE grabbed a significant market share continue to grow at a highest CAGR, presenting immense opportunities for market players of GCC Air Conditioner Aftermarket ?