Saudi Arabia Refrigerator Market to Grow with a CAGR of 4.63% During the Forecast Period
The hot and arid climate of Saudi Arabia and growing spending power of consumers in th e country will fuel the Saudi Arabia refrigerator market through 2027. According to TechSci Research report, “ Saudi Arabia Refrigerator Market – By Region, Competition Forecast & Opportunities, 2017-2027 ” The Saudi Arabia refrigerator market is forecast to grow at a CAGR of 4.36% by 2027F due to rapid modernization and rising demand for home appliances across the country. Continued technological developments in electronics , high consumer spending power and declining refrigerator prices are expected to support the rise of the refrigerator market across the country. Also, the surging demand for refrigerators in the commercial and residential sectors will likely register sustainable growth. The Saudi Arabian refrigerator market is primarily driven by the country's hot and dry climate and the rising number of homes and expatriates there. The need for refrigerators is driven by citi