Saudi Arabia Portable Air Conditioner Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Saudi Arabia Portable Air Conditioner Market Analysis
Saudi Arabia's portable air Conditioner Market has generated a revenue of USD 234 million in the current year and is poised to achieve a CAGR of more than 5% for the forecast period.
- Saudi Arabia has a population of more than 36 Million and, over the years, has observed an incline in its population growth rate. Demand for Air conditioners in Saudi Arabia, after observing a decline during the pandemic, is observing growth in its revenue by holding a significant sale in Major household appliance sales in the country after the pandemic. The rising share of Homeownership in Saudi Arabia, existing at around 62%, makes portable AC a better option for tenants in their accommodation.
- With the advent of COVID-19, online sales of consumer electronics in Saudi Arabia observed a significant rise, reaching 34% of sales last year. The share of air conditioner sales revenue in Saudi Arabia is observing a continuous increase with people's spending on Home appliances increasing.
- Consumer spending in Saudi Arabia has observed a significant rise over the past two years. This creates an opportunity for portable Air Conditional players to expand their market share with advertisements and campaigns to occupy a share of increasing consumer spending in the region. This signifies an available market gap for AC businesses in Saudi Arabia with increasing product innovation and competition.
Saudi Arabia Portable Air Conditioner Market Trends
Rising Household Expenditure On Home Appliances
- Gross national income per capita in Saudi Arabia is observing a continuous increase, and this is leading to people raising their spending for appliances of which portable AC is a part. The average revenue per household through the sales of Air conditioners in Saudi Arabia observed a rise during recent years with the opening of the global economy and a rise in income and expenditure level of the people.
- With rising household expenditure on home appliances, air conditioner manufacturing firms in Saudi Arabia are investing in innovative AC products to increase their share of revenue and regional competence. As Households prefer more technical enabled smart features in their appliances, smart ACs have been launched in the market, which can detect the room temperature and automatically adjust the temperature, attracting households to increase their spending.
Rising Online Sales of Appliances in Saudi Arabia
- The sale of home appliances in Saudi Arabia, either for small or major appliances, has observed a continuous rise through online channels. Consumers prefer to buy portable air conditioner products from the comfort of their homes with all the discounts and offers available in the channel. The share of e-commerce in electronics is observing a continuous increase in the region with rising sales revenue.
- This is leading a large number of existing and upcoming players in the market to make available their products through e-commerce and the company website. Rising online sales are helping manufacturers increase their market sales and reach a large number of the population at the same time. In addition to this, the share of major appliances in online sales has observed a continuous rise over the years, increasing to more than 11.4% last year.
Saudi Arabia Portable Air Conditioner Industry Overview
The Saudi Arabian portable air conditioner market is fragmented with a large number of global players, which makes it quite difficult for small players to extract a share of economies of scale existing in the market. Despite this, with technologically innovative products and increasing online sales rising portable air conditioner market offers space to small players as well. Some of the existing players in Saudi Arabia's Portable Air Conditioner Market are Zamil AC, GREE, Panasonic, LG, and Alessa Industries.
Saudi Arabia Portable Air Conditioner Market Leaders
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Zamil AC
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GREE
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Panasonic
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LG
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Alessa Industries
*Disclaimer: Major Players sorted in no particular order
Saudi Arabia Portable Air Conditioner Market News
- February 2023: Zamil Air Conditioners Company inked a significant collaborative agreement with Samsung Electronics. This partnership serves to bolster and broaden their cooperative efforts in the domestic production of air conditioners utilizing VRF technology. Zamil Air Conditioners and Samsung Electronics will work closely together to enhance this manufacturing initiative.
- December 2022: Al Hassan Ghazi Ibrahim Shaker Co, the foremost importer, manufacturer, and distributor of air conditioners and home appliances in Saudi Arabia, took their strategic partnership with LG Electronics to the next level through a newly established supply agreement. This agreement expands Shaker's product portfolio, ensuring it can meet the increasing demand for top-notch home appliances and home entertainment products in Saudi Arabia.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Consumer spending in Major Appliance
4.2.2 Expansion of Office and Commercial Space
4.3 Market Restraints
4.3.1 Rising AC Price with Supply Chain Disruption
4.3.2 Higher Electricity Consumption of AC Appliances
4.4 Market Opportunities
4.4.1 Innovations can Create Opportunities to New Entrants
4.5 Industry Attractiveness - Porters' Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competitive Rivalry
4.6 Technological Innovations in Saudi Arabia Portable AC Market
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Single-Hose Portable Air Conditioners
5.1.2 Double-Hose Portable Air Conditioners
5.1.3 Other Types
5.2 By End User
5.2.1 Residential
5.2.2 Commercial
5.3 By Distribution Channel
5.3.1 Direct Sales
5.3.2 Multi-brand
5.3.3 Speciality Store
5.3.4 Online
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Zamil AC
6.2.2 GREE
6.2.3 Panasonic
6.2.4 LG
6.2.5 Alessa Industry
6.2.6 Awal Gulf Manufacturing
6.2.7 Daikin
6.2.8 Carrier
6.2.9 Hitachi
6.2.10 Samsung*
- *List Not Exhaustive
7. MARKET FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Saudi Arabia Portable Air Conditioner Industry Segmentation
A portable air conditioner is a self-contained device that typically sits on the floor and comes with an installation kit for quick setup that can be easily moved around the house and can be set up anywhere besides a window and a socket.
Saudi Arabia's portable air conditioner market is segmented by type (single-hose portable air conditioners, double-hose portable air conditioners, and other types), by end-user (residential and commercial), and by distribution channel (direct sales, multi-brand, specialty stores, and online)
The report offers market size and forecasts in value (USD) for all the above segments.
| By Product Type | |
| Single-Hose Portable Air Conditioners | |
| Double-Hose Portable Air Conditioners | |
| Other Types |
| By End User | |
| Residential | |
| Commercial |
| By Distribution Channel | |
| Direct Sales | |
| Multi-brand | |
| Speciality Store | |
| Online |
Frequently Asked Questions
What is the current Saudi Arabia Portable Air Conditioner Market size?
The Saudi Arabia Portable Air Conditioner Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Saudi Arabia Portable Air Conditioner Market?
Zamil AC, GREE, Panasonic, LG and Alessa Industries are the major companies operating in the Saudi Arabia Portable Air Conditioner Market.
What years does this Saudi Arabia Portable Air Conditioner Market cover?
The report covers the Saudi Arabia Portable Air Conditioner Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Saudi Arabia Portable Air Conditioner Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Saudi Arabia Portable Air Conditioner Industry Report
Statistics for the 2024 Saudi Arabia Portable Air Conditioner market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Saudi Arabia Portable Air Conditioner analysis includes a market forecast outlook to for 2024 to (2024to2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
