Saudi Arabia Portable Air Conditioner Market Size (2024 - 2029)

The market size of portable air conditioners in Saudi Arabia is experiencing growth, driven by an increase in consumer spending and a rising demand for home appliances post-pandemic. The market's expansion is supported by a growing population and a significant share of homeownership, which makes portable AC units appealing to tenants. The shift towards online sales has further boosted the market, presenting opportunities for companies to enhance their market share through targeted advertising and product innovation.

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Market Size of Saudi Arabia Portable Air Conditioner Industry

Saudi Arabia Portable Air Conditioner Market Summary
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

Saudi Arabia Portable Air Conditioner Market 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 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
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Saudi Arabia Portable Air Conditioner Market Size Summary

The portable air conditioner market in Saudi Arabia is experiencing a resurgence, driven by a growing population and increasing consumer spending on home appliances. After a decline during the pandemic, the market is witnessing a significant recovery, with portable air conditioners becoming a preferred choice for tenants due to the rising homeownership rate. The shift towards online sales has further boosted the market, with a substantial portion of consumer electronics sales occurring through e-commerce platforms. This trend is encouraging both established and new players to expand their online presence, capitalizing on the convenience and discounts offered through these channels. The market is characterized by a mix of global and local players, with companies like Zamil AC, GREE, Panasonic, LG, and Alessa Industries leading the charge. Strategic partnerships and technological innovations, such as smart ACs with advanced features, are enhancing product offerings and attracting more consumers.

The increasing gross national income per capita is contributing to higher household expenditure on appliances, including portable air conditioners. This economic growth is prompting manufacturers to invest in innovative products to capture a larger market share. The market's fragmentation presents challenges for smaller players, but the rise in online sales and demand for technologically advanced products offers opportunities for them to carve out a niche. Collaborations, such as the one between Zamil Air Conditioners and Samsung Electronics, are strengthening domestic production capabilities, while partnerships like that of Al Hassan Ghazi Ibrahim Shaker Co with LG Electronics are expanding product portfolios to meet the growing demand for high-quality home appliances. As the market continues to evolve, the focus on innovation and strategic alliances is expected to drive further growth and competition.

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Saudi Arabia Portable Air Conditioner Market Size - Table of Contents

  1. 1. MARKET DYNAMICS AND INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Consumer spending in Major Appliance

      2. 1.2.2 Expansion of Office and Commercial Space

    3. 1.3 Market Restraints

      1. 1.3.1 Rising AC Price with Supply Chain Disruption

      2. 1.3.2 Higher Electricity Consumption of AC Appliances

    4. 1.4 Market Opportunities

      1. 1.4.1 Innovations can Create Opportunities to New Entrants

    5. 1.5 Industry Attractiveness - Porters' Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitutes

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Technological Innovations in Saudi Arabia Portable AC Market

    7. 1.7 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product Type

      1. 2.1.1 Single-Hose Portable Air Conditioners

      2. 2.1.2 Double-Hose Portable Air Conditioners

      3. 2.1.3 Other Types

    2. 2.2 By End User

      1. 2.2.1 Residential

      2. 2.2.2 Commercial

    3. 2.3 By Distribution Channel

      1. 2.3.1 Direct Sales

      2. 2.3.2 Multi-brand

      3. 2.3.3 Speciality Store

      4. 2.3.4 Online

Saudi Arabia Portable Air Conditioner Market Size FAQs

The Saudi Arabia Portable Air Conditioner Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

Zamil AC, GREE, Panasonic, LG and Alessa Industries are the major companies operating in the Saudi Arabia Portable Air Conditioner Market.

Saudi Arabia Portable Air Conditioner Market Report Snapshots

Saudi Arabia Portable Air Conditioner Market Size & Share Analysis - Growth Trends & Forecast (2024-2029)