Kuwait White Goods Market - Industry Trends and Forecast to 2028
MarkNtel Advisors, a prominent market research firm, has recently published a report titledKuwait White Goods Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing Kuwait White Goods market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and regions while spotlighting the most recent developments in the market.
Kuwait White Goods Reports Highlights
What is the size of the Kuwait White Goods Market?
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.
What do the growth prospects and trends look like in the Kuwait White Goods Industry?
The Kuwait White Goods market gained significant growth during the historical period, with the surging construction of new commercial residential properties like apartments, hotels, airports, hospitals, etc. The country has set its ambition to develop modernize its infrastructure to improve the lifestyle of its residents. Government-sponsored affordable housing scheme for Kuwaiti citizens is one of the major factors for the construction of residential properties as the government has introduced several housing projects in collaboration with private entities to promote government-funded modernized houses.
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What Components are encompassed within Kuwait White Goods Market segmentation?
The report has divided the market into the following segments:
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.
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Who are the Primary Companies or Entities active in the Industry?
The report covers the major market players including:
-Apple
-Samsung
-LG
-Panasonic
-Midea
-Carrier
-Sony
-Whirlpool
-Haier
-Sharp
-JBL.
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Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 15 diverse industrial verticals.
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