Press Release

Government Investment In Residential And Commercial Sector To Drive Saudi Arabia Tiles Market To $ 2 Billion By 2023

Saudi Vision 2030 aimed at reducing oil dependency by promoting other industries coupled with development of smart cities and growing focus on green buildings to fuel the country’s tiles market through 2023  

According to TechSci Research report Saudi Arabia Tiles Market By Material, By Type, By Demand, By Application, Competition Forecast & Opportunities, 2013 - 2023’’, Saudi Arabia tiles market is projected to reach $ 1.9 billion by 2023. Government focus on promoting non-oil revenue generating sectors and green building projects, in addition to recovery in commodity prices and the Saudi government initiative to build a new city completely run on renewables called NEOM is expected to aid the tiles market in the coming years. Some of the major players operating in the country’s tiles market are Saudi Ceramic Company, RAK Ceramics PJSC, and STN Ceramica, among others. 

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On the basis of type of tiles, Saudi Arabia tiles market has been segmented into floor tiles, wall tiles and roof tiles. Of these types, floor tiles are extensively used in various construction and infrastructure related projects in both commercial and residential segments in the country, thus the segment accounts for the dominating market share. Riyadh and Makkah accounted for the largest share in Saudi Arabia tiles market in 2017. Owing to the presence of highest number of High Net Worth Individual (HNI) and development projects in residential and commercial sectors in the regions, they are anticipated to continue dominating the country’s tiles market during the forecast period. 

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 “In April 2017, Saudi Arabia announced an investment of USD70 billion for the development of four new infrastructure projects related to housing and commercial sectors in the country. This move is expected to have a huge positive impact on the country’s tiles market in the long term. Moreover, domestic companies are not able to compete with international products imported from India and China. India has surpassed China as the leading exporter of ceramic and porcelain tiles as the products supplied by India are much cheaper than Chinese products. This trend is expected to prevail in the foreseeable future.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Saudi Arabia Tiles Market By Material, By Type, By Demand, By Application, Competition Forecast & Opportunities, 2013 - 2023” has evaluated the future growth potential of Saudi Arabia tiles market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Saudi Arabia tiles market.

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Saudi Arabia Tiles Market By Material (Ceramic, Porcelain, Natural Stone & Mosaic), By Type (Floor Tiles, Wall Tiles & Roof Tiles), By Demand, By Application (Residential & Non-Residential), Competition Forecast & Opportunities, 2013 - 2023

Infrastructure | Jun, 2018

Saudi Vision 2030 aimed at reducing oil dependency by promoting other industries coupled with development of smart cities and growing focus on green buildings to fuel the country’s tiles market through 2023

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