Irons in Saudi Arabia - New Market Study Published

From: Fast Market Research, Inc.
Published: Fri May 30 2014


Irons strongly benefited from rising economic confidence towards the end of the review period, with many consumers opting to update their irons as their disposable income levels rose. Irons also proved a popular gift for religious tourists to Saudi Arabia, with irons often offered at lower prices in comparison to their home country. As a result, irons saw a strong 13% retail volume growth in 2013 over the previous year despite household penetration being high at close to 100% of households in the last two years of the review period.

Competitive Landscape

Irons remained heavily fragmented at the end of the review period, with "others" accounting for 54% retail volume share. This is largely due to the widespread presence of economy imported brands. Imports increased dramatically from Asia during the review period, with "others" rising from just 43% retail volume share in 2008 to a peak of 56% share in 2011. However, the last two years of the review period saw the share of "others" decline once more as disposable income levels rose and consumers traded up to the leading brands.

Full Report Details at
- http://www.fastmr.com/prod/814570_irons_in_saudi_arabia.aspx?afid=301

Industry Prospects

Irons is expected to benefit from a number of trends during the forecast period, thus achieving a strong 9% retail volume CAGR despite household penetration levels approaching 100% at the end of the review period. Ongoing economic growth and rising disposable income levels will notably encourage many households to update irons or to invest in additional irons in larger households. Irons will meanwhile remain a popular gift choice for religious tourists to Saudi Arabia, with sales thus being set to benefit from ongoing strong growth in incoming tourist numbers during the forecast period.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Irons 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 Irons industry in Saudi Arabia, our research will save you time and money while empowering you to make informed, profitable decisions.

The Irons in Saudi Arabia market research report includes:

* Analysis of key supply-side and demand trends
* Detailed segmentation of international and local products
* Historic volumes 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:

* What is the market size of Irons in Saudi Arabia?

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

You may also be interested in these related reports:

- Irons in India
- Irons in Poland
- Irons in Brazil
- Irons in Singapore
- Irons in Malaysia

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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