Saudi Arabia is the fourth largest importer of high-end sanitary ware items, globally. The market for sanitary ware products in Saudi Arabia is projected to grow significantly in the coming years, thereby offering immense growth opportunities to both domestic and international players. Domestic sanitary ware demand in the country is primarily driven by growth in construction and hospitality sectors, increasing housing demand, growth in real estate activities and rising disposable income of consumers. Major market players involved in selling their products through various distribution channels, including exclusive company showrooms, wholesalers, multi-brand retail outlets, etc. are rigorously investing in the Saudi Arabia sanitary ware market to capitalize on emerging market opportunities.
According to Saudi Arabia Sanitary Ware Market Forecast & Opportunities, 2019, the sanitary ware market in Saudi Arabia is forecast to grow at a CAGR of around 28% during 2014-19. The basin segment is forecast to remain the highest revenue contributing segment in the market, followed by the water closet, cistern and bidet segments. Presently, RAK Ceramics dominates the market in terms of revenue share, followed by Saudi Ceramics and Arab Ceramics.
Central and Western regions are the major revenue contributors in the Saudi Arabia's sanitary ware market, largely due to the presence of several industrial and institutional centers in these regions. In terms of the major end user, the residential sector accounts for largest volume share in the market, followed by the commercial and institutional sectors.
ifpinfo
3 November
