Egypt Major Home Appliances Market Size (2024 - 2029)

Egypt Major Home Appliances Market Analysis

The Egypt Major Home Appliances Market size is estimated at USD 5.5 billion in 2024, and is expected to reach USD 9 billion by 2029, growing at a CAGR of greater than 8% during the forecast period (2024-2029).

Manufacturing of major home appliances is considered a new industry in Egypt, but well backed by the government within its policy to promote Egyptian exports. During the last 20 years, many companies have started to exist strongly in the market such as Bahgat Group and Kiriazi. Also, military factories have been established to enhance such exorbitant industries that small investors can’t afford. Most of the factories located in the new cities take advantage of the privileges that the government grants for investors who launch projects on the lands of such cities, such as tax exemption for 10 years and other privileges related to the subsidy of materials and others.

As all of the manufacturing factories that work in home appliances need raw materials for product processing, they seek foreign exporters to supply them with raw materials and spare parts. Within the framework of the Egyptian government to minimize the cost as much as possible so that they can guarantee a reasonable price for the final products, especially in the wake of the latest soaring increase in the US Dollar, they direct to the countries that are characterized with reasonable prices and good quality such as far east countries. Raw materials are mostly supplied by some European countries such as Germany, Italy, and Turkey. Moreover, the new trend is to obtain such materials from Japan, Taiwan, China, and Hong Kong. Some factories are currently trying to establish business relationships with Thailand in fields such as Kiriazi and Fresh. Recently some components have been started to be manufactured locally and distributed to the other beneficiaries from the neighboring, but still marginal production.

Egypt Major Home Appliances Industry Segmentation

The major household appliances include air conditioners, dishwashers, clothes dryers, drying cabinets, freezers, refrigerators, kitchen stoves, water heaters, washing machines, trash compactors, microwave ovens, and other appliances used in Household activities. A complete background analysis of the Egypt Major Home Appliances Market, which includes an assessment of the economy, and emerging market trends by segments, significant changes in the market dynamics, and the market overview, is covered in the report. Egypt's major home appliances market is segmented by product (refrigerators and freezers, washing machines, air conditioners, microwave ovens, cooking appliances (ranges/hobs), dishwashers, and other products) and by distribution channel (supermarkets/hypermarkets, specialty stores, online, and other distribution channels). The report offers market size and forecasts in value (USD) for all the above segments.