PROSPECTS AND OPPORTUNITIES
Appliances and electronics specialists will benefit from changes in socio-economic conditions
The appliance and electronics sector will benefit from improved socio-economic conditions over the forecast period, driven by rising household numbers as urbanisation continues to transform the Saudi economy. Rising disposable incomes and rapid technology adoption by younger consumers will have a pivotal impact on the demand for retail solutions.
Focus on retail experiences to create competitive advantage
The development of shopping malls and complexes will continue in Saudi Arabia, giving retailers the opportunity to expand their physical presence. However, they will face intense competition from online retailers who offer convenience and appeal to the growing digital consumer base.
Alat initiative is set to strengthen supply chain
The launch of Alat will significantly impact the retail sector in Saudi Arabia by fostering local production of electronics, smart devices, and appliances. This initiative will likely lead to more competitive pricing, increased product availability, and faster innovation cycles within the domestic market.
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Overview:
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.
The Appliances and Electronics Specialists in Saudi Arabia report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Appliances and Electronics Specialists in Saudi Arabia?
- Which are the leading retailers in Appliances and Electronics Specialists in Saudi Arabia?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
Appliances and Electronics Specialists in Saudi Arabia - Category analysis
KEY DATA FINDINGS
Appliances and electronics specialists post steady growth
Competitive landscape evolves with new partnership deals
Competition intensifies with e-commerce retailers
Appliances and electronics specialists will benefit from changes in socio-economic conditions
Focus on retail experiences to create competitive advantage
Alat initiative is set to strengthen supply chain
Retail in Saudi Arabia - Industry Overview
Retail in 2024: The big picture
Mergers and acquisitions reshape the competitive landscape
Retail e-commerce is developing at considerable speed
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Ramadan and Eid-al Fitr
National day
Back to school
White Friday
DISCLAIMER
Appliances and Electronics Specialists
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 definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Appliances and Electronics Specialists research and analysis database.
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