Saudi Arabia has been witnessing steady population growth for some time, and 2014 was no exception, with the birth rate hovering at around 21%. The rapid increase in the population led to a rising number of households. Both the government and the private sector are investing in housing and construction as demand soars. The rise in household numbers positively influenced the growth in sales of consumer appliances. Furthermore, backed by high disposable incomes and the fact that Saudi Arabia continues to witness a lack of external entertainment avenues, such as cinemas and theatres, the desire to have high-quality home entertainment systems and electronics has been increasing. For this reason, retailers are seeing growing demand for home entertainment systems and other electronic items, such as laptops and music systems. Due to the growth in demand, the leading electronics and appliance specialist retailers not only continued to open more outlets, but also increased consumers’ interest by offering attractive discounts, better after-sales service and a wider variety of products in-store. The use of the internet as a means of communication with customers, such as through company websites and Facebook pages stating the latest deals, also helped to boost growth.
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Report Overview
Discover the latest market trends and uncover sources of future market growth for the Electronics and Appliance Specialist Retailers industry in Saudi Arabia with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Electronics and Appliance Specialist Retailers industry in Saudi Arabia, our research will save you time and money while empowering you to make informed, profitable decisions.
The Electronics and Appliance Specialist Retailers in Saudi Arabia market research report includes:
* Analysis of key supply-side and demand trends
* Detailed market shares for international and locally-based retailers
* Historic number of stores, selling space and values, company and brand market shares
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country
Our market research reports answer questions such as:
* How big is the Electronics and Appliance Specialist Retailers channel in Saudi Arabia?
* Who are the leading retailers in Saudi Arabia?
* How are electronics and appliance specialists competing against the grocers?
* How is the internet affecting electronics and appliance specialists?
Reasons to Get this Report
* Gain competitive intelligence about market leaders
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Electronics and Appliance Specialist Retailers in Saudi Arabia - New Market Research Report
Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001