According to MarkNtel Advisors who is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently released a report on Kuwait White Goods Market – Industry Trends and Forecast to 2028 and provides a comprehensive analysis of the current and future market conditions. The market research insights offered in this report enhance understanding of the market landscape, potential challenges, and strategies to establish a strong brand presence. With detailed market segmentation, in-depth analysis of key players, examination of consumer and supply chain trends, and exploration of new geographic markets, the insights presented in this report simplify the effective marketing of products and services.
Kuwait White Goods Market Analysis and Size
The Kuwait White Goods market is projected to grow at a CAGR of around 9.66% during the forecast period, 2023-28.
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Some of the major players operating in the Kuwait White Goods Market are Apple, Midea, Samsung, Sharp, Vestel, Panasonic, Huawei, Xiaomi, L.G, Orca, Skyworth, Hisense, JBL, and Bose, Wansa.
Kuwait White Goods Market Growth Driver:
Growing Residential & Commercial Construction to Augment the Demand for Consumer Durables – 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. Therefore, the development of various residential & commercial projects would propel the demand for white goods, such as television, washing machines, refrigerator, microwave, etc., in the market.
Furthermore, Kuwait has been working to modernize its commercial infrastructure as part of its ‘Vision 2035’ to strengthen its hospitality sector. As part of the vision, the government has announced various projects in the commercial sector, including the construction of Terminal 4 of Kuwait International Airport and the development of Mubarak Al Kabeer Port, Sabah Al Ahmad Sea City. These projects consist of retail units, malls, entertainment venues, and cinemas in the country, hence assisting the growth of tourism within the country and would further drive the market growth during 2023-2028.
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Market Segment and Geographical 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
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