Appliances and electronics specialists are set to see healthy growth over the forecast period both in value terms (at constant 2022 prices) and in terms of the number of new outlets. Increased home ownership (part the government’s Vision 2030 programme), population growth and urbanisation should all help to support robust growth in demand for appliances and electronics.
E-commerce platforms like Amazon and Noon represent a growing threat to appliances and electronics specialists both offline and online, with these online retail giants offering a wide variety of electronics and small appliances, often at very attractive prices. Consumers will likely continue to search for the best deals, without compromising on quality, which could place significant pressure on appliances and electronics specialists.
Appliances and electronics specialists should also continue to benefit from the huge number of pilgrims coming to perform Umrah and Hajj in Saudi Arabia, with these visitors also often engaging in shopping during their visits. As it looks to diversify its economy away from fossil fuels Saudi Arabia is also looking to attract foreign tourists into the Kingdom, many of whom are coming for the entertainment seasons and festivals.
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Understand the latest market trends and future growth opportunities for the Appliances and Electronics Specialists industry in Saudi Arabia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Appliances and Electronics Specialists industry in Saudi Arabia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Appliances and electronics specialists are chained or independent retail outlets with a primary focus on selling one or more of the following categories: domestic electrical appliances, consumer electronics (including mobile phones), and/or computers and peripherals. Appliances and electronics specialists value sales excludes revenues derived from telecoms service plans and top-up cards. Example brands include Apple, Best Buy, and Gome.See All of Our Definitions
This report originates from Passport, our Appliances and Electronics Specialists research and analysis database.
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