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Middle East & Africa Refrigerator Market Outlook, 2028

Middle East & Africa Refrigerator Market Outlook, 2028

Bonafide Research 31-05-2023 117 Pages Figures : 12 Tables : 30
Region : MEA Category : Consumer Goods & Services Appliances & Equipment

1. General Electric Company

2. Midea Group Co Limited

3. Panasonic Corporation

4. Voltas Limited

5. Samsung Corporation Limited

More...

Middle Eastern culture values hospitality and family gatherings, which frequently include food preparation and storage. Because of this cultural emphasis on hospitality, refrigerators are in high demand as key appliances in Middle Eastern residences. In the Middle East refrigerator market, energy efficiency is a major concern. Consumers are increasingly seeking energy-efficient models that minimize electricity consumption in response to rising energy costs and a greater awareness of environmental responsibility. The need for higher capacity refrigerators to meet the storage needs of Middle Eastern homes, which frequently require keeping significant quantities of food and beverages due to extended family structures and frequent entertaining. Smart and linked refrigerators are becoming increasingly popular in the Middle East. These refrigerators include advanced features like Wi-Fi connectivity, touchscreens, and mobile applications that allow users to remotely manage and monitor their appliances. There is a growing trend for contemporary and aesthetically pleasing refrigerator designs that fit the modern and affluent interiors that are commonly found in Middle Eastern houses. The increased desire for built-in or integrated refrigerators is one trend. These versions are intended to blend in with kitchen cabinetry and create a sleek, harmonious appearance in the kitchen environment. Another popular choice is multi-door or French-door refrigerators. These versions provide ample storage space and easy access to various divisions, such as separate freezer sections and movable shelves. In the Middle East, advanced features and functionalities are becoming increasingly important. Water and ice dispensers, humidity-controlled compartments, and specialized storage options for preserving specific types of food, such as fruits and vegetables, are all included. Stainless steel coatings are popular in the Middle East refrigerator industry due to their modern and sophisticated appearance.

According to the research report, "Middle East Refrigerator Market Outlook, 2028," published by Bonafide Research, The market is projected to reach market size more than USD 4.47 Billion by 2028. The increased desire for specialized features to cater to ethnic and religious practices is driving the Middle East refrigerator market. Some refrigerators in the Middle East, for example, are equipped with distinct compartments for storing halal food and non-halal foods, ensuring compliance with Islamic dietary requirements. This functionality caters to the needs of Muslim consumers who adhere to strict food preparation and storage guidelines. Due to the regions hot environment, there is a great need for freezers with strong cooling capabilities. Refrigerators that can effectively maintain low temperatures, maintaining the freshness and lifespan of food items in severe environmental conditions, are prioritized by Middle Eastern consumers. With the growth of smart home technologies, Middle Eastern consumers are embracing smart refrigerators with capabilities like voice control, app connectivity, and temperature management.

Saudi Arabia is regarded as one of the most important countries in the Middle East refrigerator market. Its prominent position is due to a number of causes. Saudi Arabia has a vast population and a strong economy, resulting in a broad customer base with significant purchasing power. The country's strong per capita income allows customers to invest in long-lasting goods such as refrigerators. Saudi Arabia's urban population is growing, as are family sizes, fueling demand for refrigerators. The growing middle class and improved living standards contribute to market expansion. Saudi Arabia offers an advantageous regulatory environment, as well as government programs promoting energy efficiency and sustainability. This has resulted in the widespread use of energy-efficient products, such as refrigerators, by both customers and manufacturers. Several significant home appliance manufacturers and distributors are based in Saudi Arabia. Local and international brands compete in the market, offering a comprehensive selection of refrigerator alternatives to meet the needs of a wide spectrum of consumers. Saudi Arabia's hospitality and family gathering culture, as well as the country's high temperatures, produce a great demand for freezers that can successfully store and preserve food. Popular brands in the Saudi Arabian refrigerator market include LG Electronics, Samsung, Haier, Hisense, and Midea. Events such as the Riyadh International Exhibition for Home Appliances and the Jeddah International Trade Fair are notable in showcasing the latest products and technologies.

In Middle East Refrigerator Market the side-by-side refrigerator is a popular choice Because of its unique features and benefits. This sort of refrigerator usually has two vertically aligned doors, one for fresh food storage and the other for frozen things. The side-by-side design makes it easy to access both areas of the refrigerator. Middle Eastern consumers value technical features such as frost-free operation, computerized controls, and smart connectivity. Frost-free technology removes the need for manual defrosting, resulting in time and effort savings. Digital controls enable exact temperature adjustment as well as simple monitoring of the refrigerator's settings. Smart connectivity allows for remote control and monitoring via smartphone apps, bringing ease and advanced capabilities. Medium to large-sized freezers are commonly preferred in the Middle East in terms of weight. These sizes are designed to meet the storage requirements of families and households who normally buy and store a bigger quantity of food due to cultural practices such as inviting guests and regular family gatherings. Refrigerator manufacturers respond to the special requirements and tastes of Middle Eastern consumers in the market by delivering side-by-side designs, sophisticated technology features, and medium to big sizes.

In the Middle East Refrigerator market, residential use is the most popular application. The majority of refrigerator sales in the region are for residential houses, where refrigerators are necessary for keeping food and beverages, preserving freshness, and meeting families' daily demands. Traditional retail outlets and internet platforms are equally prominent distribution channels in the Middle East. Traditional retail outlets, such as appliance stores, department stores, and hypermarkets, offer a physical shopping experience in which customers may inspect and compare several refrigerator models before purchasing. These establishments frequently have skilled employees who may provide clients with advice and support. The convenience of e-commerce and the increasing digitalization of retail have fuelled tremendous growth in online channels in recent years. Online platforms, such as specific appliance websites and e-commerce marketplaces, provide a diverse choice of refrigerator alternatives, competitive prices, and doorstep delivery, allowing customers to purchase from the comfort of their own homes. The combination of residential applications and a mix of offline and online distribution channels guarantees that Middle Eastern consumers have access to a wide range of refrigerator alternatives and shopping experiences that meet their preferences and needs.

In Middle East LG Electronics and Samsung are well known for their cutting-edge designs, cutting-edge technologies, and smart features. Haier and Midea provide a good blend of quality and cost, making them popular among budget-conscious consumers. Electrolux, Siemens, and Bosch are well-known for producing high-end and luxury refrigerators that emphasize energy efficiency and innovative functionality. Hitachi and Panasonic are well-known for their dependability, longevity, and excellent cooling performance. Whirlpool combines performance with elegant design, providing a variety of solutions to fit a variety of tastes. The Dubai International Home Appliances Show (DIHAD), Riyadh International Exhibition for Home Appliances, and Middle East Electricity (MEE) Exhibition are all important events in the Middle East refrigerator sector. These events bring together industry leaders, manufacturers, suppliers, and consumers under one roof to demonstrate the latest home appliance goods, technologies, and innovations. They act as forums for networking, commercial collaborations, and acquiring insights into Middle Eastern market trends and customer preferences.

Major Companies present in the market:
Samsung, LG Corporation, Voltas Limited, Whirlpool Corporation, Panasonic holding corporation, Robert Bosch GmbH, Haier group corporation, Mitsubhishi electric corporation, Siemens AG, Midea group co limited, Hisense, Hitachi, Ltd, Toshiba corporation, Electrolux AB , General electric company, Sub-zero, Arcelik AS, Liebherr - international AG, Gree electric appliances, Indesit company S.p.A

Considered in this report
• Geography: Middle East
• Historic year: 2017
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2028

Aspects covered in this report
• Middle East Refrigerator market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report:
• United Arab Emirates
• Saudi Arabia
• South Africa

By Product Type
• Single–door
• Double–door
• Side by side
• French door
• Other type

BY Distribution Channel
• Hypermarket and supermarket
• Specialty Retailers
• Online

By Applications

• Household
• Commercial use

By Weight
• Small capacity
• Medium capacity
• Large capacity
• Extra large

By Technology
• Inverter
• Non-inverter

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analyzing government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age groups, and gender. Once we have primary data with us. we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the refrigerator Industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.












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