Kuwait White Goods Market Demand, Share, and Strategic Outlook

Kuwait White Goods Market Projected to Expand at 9.66% CAGR Through 2028

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.

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Strategic Takeaways from the Report:

Market Sizing and Forecasting
Regulatory and Policy Influence
Competitive Trends and M&A Activity
Innovation Drivers and Disruptive Technologies
Investment Hotspots and Emerging Niches
Geographical Dynamics and Trade Flows

Kuwait White Goods Market Segment Overview & Classification

This market is categorized to offer targeted insights across various operational and consumer-related verticals.

Segment List:

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

Above them all, smartphones held the major share of the Kuwait White Goods market in the historical years, and the same trend is anticipated to continue in the coming years. Access to high-end digitalized services such as payments, banking, etc., and the need to stay connected with others via social media & audio calls provided a lucrative growth opportunity for the Kuwait Smartphones market. Moreover, the affluent & luxurious lifestyle of the customers in Kuwait has certainly increased the demand for expensive iPhones & other smartphone brands like Samsung, Huawei, Xiaomi, Nokia, etc., further creating a demand for smartphones in the market.

By Region

Al Asimah
Al Farwaniya
Hawalli
Al Ahmadi
Al Jahra.

Based on all regions across the country, Hawalli held the major market share owing to the presence of a significant number of residential houses & commercial spaces. The Hawalli region is considered the IT hub for Kuwait, due to which commercial offices are projected to be established in the region in the forecast years. These constructions would, in turn, spur the sales of white goods like air conditioners, microwave ovens, water dispensers, and vacuum cleaners in the upcoming years.

These divisions help clarify demand patterns and expected shifts.

Market 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.

Kuwait White Goods Market Competitive Snapshot from 2023-2028

The report highlights established and emerging players in the global Kuwait White Goods Market, evaluating their strengths, challenges, and potential for innovation.

Key Competitors Include:

Apple
Samsung
LG
Panasonic
Midea
Carrier
Sony
Whirlpool
Haier
Sharp
JBL.

Their activities include partnerships, product launches, and geographic expansions.

Kuwait White Goods Industry Opportunity

Government Support to Improve Healthcare Infrastructure is Expected to Boost the Market Growth - The rise in the government healthcare budget in Kuwait to boost the expansion of the hospital, clinics, and other medical facilities, would create an opportunity for the demand for white goods such as air purifiers, refrigerators, air conditioners, microwave ovens, etc. For instance:

In 2022, the government of Kuwait announced an investment of around USD104 billion for expanding healthcare infrastructure such as hospitals, clinics, etc.

Further, the Ministry of Health and the Ministry of Public Works announced an investment of nearly USD4.42 billion to expand nine operating hospitals within the next ten years. Therefore, this development is anticipated to escalate the demand for TVs, ACs, refrigerators, microwaves, washing machines, etc., in the country.

Thus, improving healthcare in the country is expected to create a conducive environment for the demand for white goods in the upcoming years, thereby positively impacting the growth of the market.

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