The residential air conditioner (AC) market in Saudi Arabia is experiencing significant growth, driven by factors such as rising temperatures, increasing disposable incomes, and substantial investments in the housing sector. In 2023, the market generated a revenue of $574.7 million, and it is projected to reach $917.8 million by 2030, reflecting a compound annual growth rate (CAGR) of 7.2%...
The perfume market in Qatar is witnessing substantial growth, with revenues projected to reach $273.6 million in 2024 and expand further to $368.8 million by 2030, reflecting a compound annual growth rate (CAGR) of 5.1%. This growth is driven by increasing disposable incomes, cultural preferences, and the expanding retail landscape.
Luxury and Cultural Influence Driving Market Expansion...
Saudi Arabia's heavy machinery rental market is experiencing significant growth, with revenues projected to reach $2,158.8 million in 2024 and anticipated to expand at a compound annual growth rate (CAGR) of 6.9%, reaching $3,193.0 million by 2030.
Drivers of Market Expansion
The Kingdom's ambitious Vision 2030 initiative aims to diversify the economy beyond oil dependence by investing in...
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