The Refrigeration Appliance Spare Parts Store is a customer-centric business specializing in the sale of a diverse array of refrigeration appliance spare parts, encompassing compressors, condensers, pipes, filters, valves, and other components. In addition to product offerings, the store provides expert technical consultation services to address individual customer requirements. Furthermore, it extends its services to include installation, maintenance, and repair services, complemented by convenient shipping and delivery options, ensuring a comprehensive and seamless experience for customers.
The Refrigeration Appliance Spare Parts Store is a customer-centric business specializing in the sale of a diverse array of refrigeration appliance spare parts, encompassing compressors, condensers, pipes, filters, valves, and other components. In addition to product offerings, the store provides expert technical consultation services to address individual customer requirements. Furthermore, it extends its services to include installation, maintenance, and repair services, complemented by convenient shipping and delivery options, ensuring a comprehensive and seamless experience for customers.
Mashroo3k for Economic Consulting is pleased to offer a feasibility study for the Refrigeration Appliance Spare Parts Store, adhering to the latest international standards in this field. Our services are distinguished by methodological rigor, comprehensiveness, connectivity, and forward-thinking capabilities, supported by our extensive database covering all markets in the Middle East. With a team of consultants boasting extensive experience, competence, and professionalism, we ensure exceptional service delivery. Additionally, we provide our clients with access to top-quality production lines at competitive prices.
Executive Summary
Project Service/Product Study
Market Size Study
Study of Risks
Technical Study
Financial Study
Regulatory and Administrative Study
Service Sector in the GCC Countries
According to macroeconomic sector theory, the economy is typically categorized into three primary sectors: The first involves the extraction of raw materials, encompassing industries like mining, timber, oil exploration, as well as agro-industries and fisheries. The second sector involves the production and sale of goods, including industries such as automotive manufacturing, furniture, and clothing trade. Conversely, the third sector, known as the “service” sector, focuses on providing intangible services, such as entertainment, healthcare, transportation, hospitality, and restaurants. As countries progress, their economies tend to shift towards greater reliance on the service sector, in contrast to less developed countries where the primary sector predominates. For instance, in the United States, the service sector accounts for 85% of its economy.
The Kingdom of Saudi Arabia:
Qatar:
Kuwait:
The United Arab Emirates:
Oman:
The Global Service Sector
The service sector is the major contributor to the global GDP; it alone accounts for more than three fifths of this GDP. The sector does not rely on producing tangible goods such as vehicles and furniture, but rather on providing intangible services such as banking, medical care, transportation, hospitality, entertainment, etc. The value of the sector market was estimated in 2020 at USD 10,814.49 billion and rose to USD 11,780.11 billion in 2021. Therefore, the market achieved a CAGR of 8.9%. After recovering from the effects of the corona virus pandemic, global market experts expect the sector market to reach USD15683.84 billion by 2025, bringing the market to a CAGR of 7% in the coming years.
Mashroo3k for Consulting recommends investing in the services industry, as its contribution to the GDP rose from 62.8% in 2010 to 65.7% in 2020. According to World Bank data, the contribution of this industry to the GDP is expected to rise to 69.6% by the year 2030.