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Yahoo
5 days ago
- Business
- Yahoo
Saudi Arabia Air Purifiers Market Forecast & Opportunities, 2030F - E-commerce and Smart Tech Trends Drive Growth as Consumer Awareness Rises
The Saudi Arabia Air Purifiers market presents opportunities driven by rising air pollution, government investments in infrastructure tied to Vision 2030, and increasing urbanization. A growing demand for smart devices, e-commerce expansion, and advanced filtration technologies further boost potential. The market faces challenges like low consumer awareness but benefits from government support and competitive expansion by key companies. Saudi Arabian Air Purifiers Market Dublin, May 30, 2025 (GLOBE NEWSWIRE) -- The "Saudi Arabia Air Purifiers Market, By Region, Competition, Forecast & Opportunities, 2020-2030F" has been added to offering. The Saudi Arabia Air Purifiers Market was valued at USD 231.67 Million in 2024, and is expected to reach USD 355.89 Million by 2030, rising at a CAGR of 6.78% The market is influenced by several factors, including rising air pollution levels in urban areas, growing awareness of respiratory diseases, and the increasing adoption of smart home technologies. Governmental focus on environmental sustainability and quality of life improvements further drive innovations in air purifier technologies. Growing Infrastructure Development Across the Region The burgeoning infrastructure development across Saudi Arabia is significantly boosting the air purifiers market. According to the International Trade Administration, Saudi Arabia's construction market is expected to reach USD 91.36 billion by 2029. This growth is attributed to the Vision 2030 National Development Plan, which emphasizes infrastructure development. Increasing urbanization and large-scale construction projects, including residential, commercial, and industrial buildings, have amplified demand for air purifiers. Newly constructed buildings are increasingly equipped with advanced air purification systems. With the expansion of cities and rising population, efficient air quality management solutions are vital to address pollution challenges. Also, as businesses focus on healthier work environments, the demand for air purifiers in commercial spaces has surged. These factors, combined with heightened consumer awareness of air quality issues, forecast significant market growth in the coming years. Increasing Government Support to Strengthen the Construction Sector Increased government backing to bolster the construction sector is driving the air purifiers market's growth. As of August 2024, the Binladin Group received support from the Ministry of Finance to stabilize its financial structure. The Saudi government, through its Vision 2030 plan, invests actively in infrastructure projects to diversify the economy beyond oil reliance. This includes mega-projects like NEOM, the Red Sea project, and smart cities. The rising demand for quality indoor air solutions in new residential and commercial developments spurs air purifier adoption. Government incentives and health-focused regulations further emphasize the need for clean indoor environments. The government's commitment to sustainable, health-conscious building standards ensures air purifiers are integral to new construction projects. Expansion Policy Adopted by Key Players Expansion policies by key market players are instrumental in market development. As of August 2024, Secure Connection, a Hong Kong-based electronics manufacturer, entered the Saudi market with Honeywell-licensed products. These manufacturers leverage local collaborations and focus on market-specific needs, such as high dust levels, to advance their presence. Companies are introducing advanced technologies like HEPA filters and smart features to address regional environmental challenges. Expansion efforts, including improved distribution networks and e-commerce utilization, are strengthening the market's demand. Key Market Challenges Lack of Awareness Among Consumers A significant challenge is the lack of consumer awareness about indoor air quality and air purifier benefits. Despite concerns about outdoor pollution, many consumers remain unaware of indoor air quality's health implications. Misunderstandings about air purifiers' costs, necessity, and functionality hinder market growth. Increased Competition from Local Brands Local brand competition poses a market challenge, offering cost-effective and region-specific products. Local manufacturers exploit their understanding of consumer preferences and price-sensitive strategies to gain market share. International brands must differentiate through superior technologies and customer service to maintain their positions. Key Market Trends Growing Demand for Smart & Connected Devices The demand for smart devices with features like Wi-Fi connectivity is rising among tech-savvy consumers. Integration into smart homes and IoT technologies enhance control and monitoring of air quality, aligning with consumers' health consciousness and preferences for convenience. Escalating E-Commerce Platform The growth of e-commerce platforms is transforming the market, offering broader product access and competitive pricing. Online channels provide valuable consumer insights and simplified purchasing processes. As digital shopping habits grow, manufacturers will enhance their online reach to tap into this trend. Integration of Advanced Filtration Technologies Advanced filtration technologies are gaining popularity, including HEPA filters and UV-C light. These innovations address Saudi Arabia's specific air quality challenges, such as dust and pollution. Smart sensors and real-time monitoring add to these technologies' appeal among health-conscious consumers. Segmental Insights Filter Type Insights: HEPA filters lead the market due to their effectiveness against small particles in polluted and dusty environments. Consumer awareness of health risks from poor air quality solidifies HEPA-based purifiers as a top choice. Regional Insights: Northern & Central regions dominate the market thanks to high urbanization and pollution levels in cities like Riyadh. Demand here is driven by health awareness and access to modern air purification technologies. Key Attributes: Report Attribute Details No. of Pages 82 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $231.67 Million Forecasted Market Value (USD) by 2030 $355.89 Million Compound Annual Growth Rate 6.7% Regions Covered Saudi Arabia Report Scope Key Market Players Koninklijke Philips N.V. Sharp Middle East Panasonic Marketing Middle East & Africa FZE Daikin Industries, Ltd Samsung Electronics Hitachi, Ltd LG Electronics Inc. Gulf Air Filtration Company Dyson Overseas Distribution Limited Kone Corporation Saudi Arabia Air Purifiers Market, By Filter Type: High-Efficiency Particulate Air Filters Activated Carbon Filters Ultraviolet Light Filters Ionizer Air Purifiers Saudi Arabia Air Purifiers Market, By Category: Portable Fixed Saudi Arabia Air Purifiers Market, By End User: Residential Commercial Saudi Arabia Air Purifiers Market, By Distribution Channel: Online Offline Saudi Arabia Air Purifiers Market, By Region: Eastern Western Northern & Central Southern For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Saudi Arabian Air Purifiers Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Mint
19-05-2025
- Business
- Mint
Myntra steps out of India to sell clothes in Singapore
New Delhi: Flipkart-owned Myntra announced on Monday its entry into international shipping, starting with Singapore, to cater to the substantial Indian diaspora overseas. The initiative will bring a wide range of homegrown Indian fashion brands to the 6.04 million Indian consumers living in Singapore as of 2024. 'There is a big fashion market of the Indian consumers, especially, which is related to the Indian occasions (festivals, weddings etc)," said Nandita Sinha, CEO, Myntra, during a virtual press meet. Myntra said it has been witnessing notable traffic from Singapore, with 30,000 users visiting its Indian platform monthly. Overall, the platform sees 70 million monthly active users. The platform will offer over 100 Indian fashion brands and plans to expand to 100,000 items. Products will be shipped from India and will take 4-7 days to arrive. The company aims to reach 12-15% of Indian consumers in Singapore via the launch. The move will see Myntra leverage existing brand partnerships and technology, with no immediate plans for local operations. The products will be shipped directly from India. About future expansion into other overseas markets, Sinha said, 'The focus is on understanding consumer preferences and product-market fit before considering expansion.' Singapore is a fairly mature e-commerce market. It houses 6.04 million people as of 2024, according to the government estimates. Singapore's e-commerce gross merchandise volumes surged to $8.2 billion in 2022, and projections indicate a climb to $11 billion by 2025, according to data sourced from the International Trade Administration, a US trade promotion platform. Computer and telecommunications equipment commanded 47.4% of online sales in 2022, followed by furniture and household equipment. Other major e-commerce product categories include fashion, food, cosmetics and personal care, and toys. The country has 3.51 million e-commerce users. Top e-commerce platforms operating in the market include Shopee, Lazada, Aliexpress, Amazon, and Zalora. To be sure, other e-commerce platforms also serve shoppers overseas. For instance, Amazon's Global Selling program has enabled 1.50 lakh Indian exporters to sell over 40 crore 'Made in India' products to customers worldwide since 2015. Moreover, Amazon enabled exports from India to surpass $13 billion by end of 2024. Amazon competes with Myntra which is backed by Walmart. Myntra said that 10-15% of its web traffic currently originates from overseas markets but declined to disclose the specific countries. 'As of now, 10 to 15% of our web traffic comes from international markets, and they are spread across (markets); that's the opportunity we are targeting. For now, we are limiting the launch to Singapore and learning through this. We are hoping to reach almost 12 to 15% of Indian consumers in Singapore,'she added. Pricing products will be left to brands, said Sinha. To be sure, shipping costs and import duties will be applicable to orders. Myntra previously experimented with selling a limited selection of brands in the Middle East through partnerships with local platforms. "This version of overseas expansion is really taking the vast selection of Indian brands to the diaspora and ensuring seamless cross border transactions versus just selling brands to a particular platform,' she said. Myntra has stayed away from opening an office and warehousing in Singapore instead choosing to ship products directly from India. "We do have the opportunity of leveraging our existing platform," she added. Myntra will offer over 35,000 styles from 100 brands, across categories like apparel, footwear, home and accessories selling brands such as Aurelia, Global Desi, Libas, Bombay Dyeing, Rare Rabbit etc. As part of Myntra's broader growth strategy, Myntra Global will tap into new customer segments and build stronger international brand affinity, over the next few years. Myntra, is part of the Flipkart Group, owned by Walmart, started in 2007 and sells fashion and home goods online. Last fiscal, Myntra's revenue from operations grew 14.7% to ₹ 5,121.8 crore, per regulatory filings.
Travel Daily News
13-05-2025
- Business
- Travel Daily News
Tourism is a big deal
Tourism supports 15 million U.S. jobs and $2.9 trillion in activity, but international travel declines threaten economic and cultural connections nationwide. You might have heard it said recently that the decline in international tourism into the United States is not a big deal. However, as 15 million Americans know, tourism is a big deal. Fifteen million is the number of U.S. jobs supported by travel – more than 10 percent of the American workforce. And travel is a fiscal dynamo in the United States, responsible for nearly $2.9 trillion in economic activity each year, not to mention critical tax revenue at the federal, state, and local levels. It's also a big deal that last year alone, international visitors infused $181 billion into the U.S. economy, spending their money on hotels, dining, shopping, activities, attractions, and transportation. Beyond the economic benefits of tourism, there's also the intrinsic value of travel, as it connects cultures, building bridges of understanding between peoples and nations. As a nation that relies on tourism, though, the United States faces a rocky road ahead. According to the International Trade Administration, arrivals of noncitizens into the U.S. dropped by more than 11 percent in March compared to last year. And data from the U.S Customs and Border Protection reveals even larger decreases specifically among Canadian travelers, down 18 percent in March. NTA members have shared with me a startling number of clients outside the U.S. who are canceling travel into this country, citing hostility at the border, escalating trade wars, political rhetoric, and economic uncertainty. To compound the problem, that same economic uncertainty is threatening domestic travel within the United States, as Americans curtail their spending in the face of higher prices. In a recent survey conducted by NTA in collaboration with the American Bus Association and the Student Youth Travel Association, 51 percent of our members – packaged travel professionals – say their business or destination has already lost business, bookings, or visitation from Canadian or overseas groups. And among destination marketing organizations, attractions, hotels, and restaurants, 63 percent report seeing declines. A similar number of professionals say they're seeing a decline in future business or leads from international travelers. But while the threat to the U.S. travel industry is strong, we are stronger. Americans have faced tourism pitfalls before – recession, terrorists, and pandemic – yet we always climb out of it. And we also will rise above this current challenge. We will do so because at our core, Americans are welcoming people. We can overlook politics and focus on people. We can open our country's doors … to the world. Is tourism a big deal? Absolutely. Tourism pays bills and builds bridges. It enlivens and inspires. It opens eyes and minds. Tourism lifts our economy, but even more, it lifts the human spirit. And that, truly, is a big deal.
The Star
09-05-2025
- Business
- The Star
Tourism trends shift as Canada gains popularity with travellers
Toronto, the largest city in Canada by population, has lots of attractions for tourists. — Pixabay French hotel group Accor said Canada is gaining traction as a tourist destination as travellers increasingly avoid the United States for holidays. Canada is benefiting from this influx of travellers, chief financial officer Martine Gerow said on a call with reporters, adding that Canadians are also scaling back travel to the US. Evidence is mounting that lucrative transatlantic travel may be at risk as European visitors avoid the US amid a larger shift in anti-American sentiment and US tourists rein in spending. Chief executive officer Sebastien Bazin warned earlier that Accor's forward hotel bookings from Europe to the US this summer are down 25%. Arrivals of non-citizens to the US by plane dropped almost 10% in March from a year earlier, the US's International Trade Administration data shows. The pullback could cost the US economy almost US$90bil (RM389.3bil) in 2025, Goldman Sachs Group estimates. 'The good news is, if they don't go to the US they usually end up going somewhere where Accor is present,' Gerow said. Accor reported first-quarter revenue of €1.35bil (RM6.65bil), ahead of the average analyst estimate, and confirmed its medium-term growth outlook. Demand was sustained through April and May, though visibility is limited beyond that, Gerow added. Revenue per available room – a key measure of profitability – rose 5% in the first quarter, according to a recent statement. Meanwhile, the Philippines is planning to issue digital nomad visas to attract foreigners who are working remotely and boost tourism. President Ferdinand Marcos Jr issued an order allowing the Department of Foreign Affairs to issue the visas valid for a maximum period of one year. Foreigners who will apply for the visas must show proof of sufficient income, and must be from a country that offers a similar visa to Philippine nationals. The Philippines adds to countries that have offered remote work visa schemes, even with a recent push for return to offices. Foreign tourist arrivals have yet to recover to pre-pandemic levels, although tourism revenue has bounced back. Tourism contributed 8.6% to Philippine economic output in 2023, according to government data. – Bloomberg
Gulf News
05-05-2025
- Business
- Gulf News
US economy seen losing as foreign tourists stay away, March arrivals already down 10%, $20 billion retail spending at risk
The US economy is set to lose billions of dollars in revenue in 2025 from a pullback in foreign tourism and boycotts of American products, adding to a growing list of headwinds keeping recession risk elevated. Arrivals of non-citizens to the US by plane dropped almost 10% in March from a year earlier, according to data published Monday by the International Trade Administration. Goldman Sachs Group Inc. estimates in a worst-case scenario, the hit this year from reduced travel and boycotts could total 0.3% of gross domestic product, which would amount to almost $90 billion. Foreign tourism has been a tailwind for the US in recent years as the cessation of pandemic-era restrictions sparked a resurgence of international travel. But many potential visitors are now rethinking their vacation plans amid increased hostility at the border, rising geopolitical frictions and global economic uncertainty. Cancelled US vacation One of them is Curtis Allen, a Canadian videographer who cancelled an upcoming US vacation after President Donald Trump imposed punitive tariffs on his home country and suggested it should become the 51st US state. Allen and his partner have been on multiple camping trips to Oregon over the years, but this year, they will be traveling around British Columbia instead. 'We're not just staying home,' said Allen, 34. 'We're going to go spend the same money somewhere else.' Allen's hesitance doesn't stop there. He canceled his Netflix subscription and is actively avoiding American imports at the grocery store. 'Now it takes us double the time, because we're looking at where the products came from,' he said. International travelers spent a record $254 billion in the US last year, according to ITA figures. Coming into 2025, the outlook was positive: The ITA projected in early March that the US would welcome 77 million visitors this year, just shy of the 2019 record, before pushing to a new high in 2026. But those estimates came out just before stories of harsh detentions at US airports, ensnaring travelers from countries like France and Germany, started making headlines. Major public institutions in Canada, including a pension management firm and a leading hospital, are now advising staff against travelling to the US. $20 billion retail spending from tourists Almost $20 billion in retail spending from international tourists in the US may be at risk, according to a Bloomberg Intelligence analysis. Early signs of a sharp pullback are already showing up. Airfares, hotel rates and car rental costs fell in March, according to a monthly Bureau of Labor Statistics report on consumer prices published April 10. Economists at Goldman Sachs and HSBC Holdings Plc said lower demand, including from foreign travelers, probably played a role. Omair Sharif, president of Inflation Insights, noted the decline in hotel rates was driven by an almost 11% drop in the Northeast in particular, possibly a result of fewer Canadians traveling there. 'Given what we know about how much Canadian travel has fallen off, that's potentially a bit worrying for that region,' Sharif said. Summer Season The timing is 'very interesting' for Rainbow Air Helicopter Tours in Niagara Falls — which just invested $25 million in a new building, an enhanced fleet and a virtual reality attraction ahead of the busy summer season — said Patrick Keyes, the firm's sales and marketing manager. 'We are waiting to see the fallout,' he said. Canadian flight reservations to the US are down 70% through September versus the same period last year, according to a report by OAG Aviation Worldwide. Meanwhile US summer bookings are also down 25% among European tourists at Accor SA hotels — which Chief Executive Officer Sébastien Bazin said could be attributed to border detentions creating a 'bad buzz' and diverting tourists to other destinations. 'US tariff announcements and a more aggressive stance toward historical allies have hurt global opinions about the US,' Goldman Sachs economists Joseph Briggs and Megan Peters said in a March 31 report. 'This headwind provides another reason — in addition to the more direct negative impacts of tariffs and drag on exports from foreign retaliation that are already built into our US GDP forecast — why US GDP growth will likely underperform consensus expectations in 2025,' they said. Despite the worsening outlook, Oregon's tourism commission — known as Travel Oregon — is continuing efforts to attract foreign visitors, said CEO Todd Davidson. His team just came back from a trip to pitch the state at an adventure tourism conference in Vancouver, and in the coming weeks they will be hosting sales and marketing partners from places like the UK, India and Brazil. At the same time, they're also contemplating whether the commission will need to shift its strategy more toward domestic visitors as the situation unfolds. 'Oregon is not and will not take its eye off those international markets,' Davidson said. 'We will be here when our international visitors feel that they are ready to return.'
