Saudi Arabia LED TVs Market to Grow at Over 10% Until 2021: TechSci Research Report

Saudi Arabia LED TVs Market to Grow at Over 10% Until 2021: TechSci Research Report

BURNABY, Canada, March 23, 2016 /PRNewswire/ --



Declining Product Prices Coupled with Increasing Per Capita Income to Boost LED TV
Sales in Saudi Arabia Over the Next Five Years 



According to TechSci Research report, "Saudi Arabia LED TVs Market
[http://www.techsciresearch.com/report/saudi-arabia-led-tvs-market-by-type-hd-fhd-and-uhd-by-technology-back-lit-full-array-edge-lit-direct-lit-and-others-by-screen-size-up-to-30-inches-30-39-inches-40-49-inches-etc-competition-forecast-and-opportunities-2011-2021/630.html ]
By Type, By Technology, By Screen Size, Competition Forecast and Opportunities, 2011
- 2021", LED TVs market in Saudi Arabia is projected to grow at a CAGR of more than 10%
during 2016 - 2021. Increasing population, rising urbanisation, coupled with growing
number of residential, commercial and social infrastructure projects in the country are
few of the major factors expected to fuel growth in Saudi Arabia's LED TVs during 2016 -
2021. Back Lit Full Array LED TVs accounted for more than 80% of the LED TV sales in 2015,
and the segment's dominance is expected to continue during 2016 - 2021. UHD LED TVs
segment is forecast to witness fastest growth over the next five years, on account of
increasing awareness among consumers regarding enhanced picture and video quality that
they offer compared to other LED TVs.



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In 2015, northern & central region accounted for the largest share in the country's
LED TVs market, followed by the western region. Increasing population in these regions, on
account of better jobs opportunities and growing religious tourism due to the presence of
holy cities of Makkah and Medina, along with increase in construction of residential and
commercial establishment such as housing units, hotels, villas, etc., is expected to fuel
demand for LED TVs in Saudi Arabia through 2021. Growing urban population share in the
Kingdom, which according to World Bank data, stood at 82.30% of the total Saudi Arabia
population in 2011 grew to 82.93% in 2014, is expected to positively influence the demand
for LED TVs in Saudi Arabia through the forecast period.



"Over the last couple of years, Saudi Arabia's economy has been largely affected due
to ongoing political instability and slowdown in crude oil prices. However, over the next
five years, the country's economy is expected to stabilize and purchasing power of people
is anticipated to further increase. This, in addition to rising consumer awareness about
LED TVs is expected to boost sales of LED TVs in the country through 2021.", said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global management
consulting firm.



"Saudi Arabia LED TVs Market By Type, By Technology, By Screen Size, Competition
Forecast and Opportunities, 2011 - 2021" has evaluated the future growth potential of
Saudi Arabia LED TVs market and provides statistics and information on market structure,
consumer behavior and trends. The report intends to provide cutting-edge market
intelligence and help decision makers to take sound investment evaluation. Besides, the
report also analyzes emerging trends along with essential drivers, challenges and
opportunities available in Saudi Arabia LED TVs market.



About TechSci Research: 



TechSci Research [http://www.techsciresearch.com ] is a global market research and
consulting company with offices in Canada, UK and India. TechSci Research provides market
research consulting services in six verticals - Information Technology, Chemicals, Water &
Water Recycling, Consumer Goods & Retail, Automotive and Energy & Power. The company uses
proprietary innovative business model that focuses on improved productivity that also
ensure the creation of high-quality reports. With more than 100 client engagements with
fortune 500 clients, TechSci Research enjoys the status of a premium market research
services provider in the industry.



Media Contact: 
Ken Mathews 
Sales & Marketing Consultant 
Contact Phone- +1 646 360 1656 
E-mail: ken.mathews@techsciresearch.com 


 





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