GCC Air Conditioner Aftermarket Analysis, 2020

Burgeoning Investment Towards the Development of Hospitality Sector is Propelling the Growth of GCC Air Conditioner Aftermarkets

GCC Air Conditioner Aftermarket Analysis, 2020 research report depicts a deep-dive market analysis of statistics of the GCC Air Conditioner Aftermarket , which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.

Market Opportunities

According to this research report titled “GCC Air Conditioner Aftermarket Analysis, 2020”, the GCC Air Conditioner Aftermarket is anticipated to grow at a considerable CAGR during 2020-25. The growth of the market is attributed to increasing government spending toward the transportation sector by the introduction metro projects due to the upcoming World Expo and a significant degree of construction of commercial spaces such as malls and hotels. Besides these, the launch of energy-efficient air conditioners and rapid urbanization are also strongly contributing to the growth of the market in the forecast period.

Market Segmentation

Hospitality Segment Acquired the Significant Market Share

Based on the end-user, the hospitality sector acquired a significant share in the GCC Air Conditioner Aftermarket in 2019. The growth of the segment is attributed to escalating government initiatives to boost tourism, in the wake of the region hosting FIFA 2022 in Qatar and Expo 2021 in the UAE and also due to rising expenditure toward the hospitality sector which is promoting the growth of the market.

Moreover, the transportation sector is growing at a rapid pace due to the introduction of various metro projects, construction of new airports, and expansion in the metro line with numerous stations and airport upgradation due to upcoming international events. Thus, these are expected to catalyze the market growth of Air Conditioner Aftermarket in the forecast period as stated in the research report “GCC Air Conditioner Aftermarket Analysis, 2020”.

Competitive Landscape

According to the publisher, the key players with a considerable market share in the GCC Air Conditioner Aftermarket include Carrier, Aftron, Trane, Daiken, LG, Mitsubishi, etc.

Key Questions Answered in the Market Research Report:

1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the GCC Air Conditioner Aftermarket ?
2. What are the country-wise industry size, growth drivers, and challenges key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations in the GCC Air Conditioner Aftermarket ?
4. Who are the key competitors or market players and how they perform in GCC Air Conditioner Aftermarket on the basis of competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the course of GCC Air Conditioner Aftermarket study?