Saudi Arabia Tiles Market to Grow Due to development of New Products and hassle-Free Installation Techniques
Rising construction projects,
Urban
growth and technological improvements witness growth in the Saudi Arabia Tiles
Market in the forecast period of 2023-2028.
According to TechSci Research report, “Saudi Arabia Tiles Market - By Region,
Competition Forecast & Opportunities, 2018-2028,” the Saudi Arabia Tiles Market is expected to register robust growth during the
forecast period, 2023-2028. The Saudi Arabian tiles market is
anticipated to rise over the next five years due to rising capital inflow into
the real estate industry and rising infrastructure development and building
activities.
The
expansion of the Saudi Arabia tile market over the next five years will also be
aided by favorable government policies to encourage and support infrastructure
development in the two nations. According to a research, the Saudi Arabia tiles
market would increase significantly over the next five years due to new
construction, infrastructure improvements, and changing economic conditions in
the infrastructure sector.
Due
to the growing demand for highly durable and economical tile-based floorings
for usage in high-traffic commercial and industrial sectors, the commercial end
user segment leads the market. It accounted for the most significant revenue in
2020. In recent years, category growth has also been significantly fueled by
the creation of new goods and hassle-free installation methods. Additionally,
anticipated development drivers for the market throughout the projected period
are expanding contemporary offices and workplaces, rising commercial space remodeling
activities, and the quickening of industrialization in Saudi Arabia.
Browse over XX market data Figures spread
through 70 Pages and an in-depth TOC on the "Saudi Arabia Tiles Market"
The Saudi Arabia Tiles
Market is segmented into type, material, end user, region and competitive
landscape. Based on Type, the market is segmented into Floor
Tiles, Wall Tiles, and Roof Tiles.
Based on Material,
the market is divided into Ceramic, Porcelain, Natural Stone Mosaic, and Others. Ceramic tiles are
thin clay or other inorganic slabs fired in a furnace to harden them. They are
typically covered in glaze. The use of digital inkjet printing technology for
tile decorating is becoming increasingly popular in the ceramic tile
manufacturing sector. These materials are becoming more popular among consumers
for high-end flooring applications since they are commercially accessible in various
colors, sizes, and textures. The market for ceramic tiles is anticipated to
benefit from the growing industry, urbanization, and disposable income. Due to
its durability and affordability, ceramic tiles are increasingly used in labs,
hospitals, and other commercial and residential facilities. Due to developing
technology that has modified the porcelain material to enhance the durability
of the ceramic tiles, porcelain ceramic tiles are anticipated to register the
fastest increasing CAGR. On account of the motivating factors such as growing
number of infrastructure development projects, Saudi Arabian tile market is
anticipated to see a commendable expansion in the future.
Based on End User,
the market is divided into Residential and Commercial. Over the years, the nation's supply of
brand-new residential structures or residential housing has grown enormously.
Urban growth, technological improvements, rising earnings, and population
expansion, which have led to increased housing demand, are a few other factors
that have been proactive in preserving the need for tiles. As a result, market
growth for tiles is predicted to be driven by the housing sector and new
installation activities. It is anticipated that as the country becomes more
urbanized, the urban population will expand, driving up utility consumption
and, ultimately, housing demand in the area. It is anticipated that the
tendency would fuel the country’s market expansion.
Major market players in the Saudi Arabia Tiles Market
are: -
- Saudi
Ceramics Company
- Forsan
Ceramics
- RAK
Ceramics
- STN
Ceramica
- Arabian
Tile Company
- Al-Jawdah
Ceramic Company
- Alfanar
Group
- Ceramica
Cleopatra
- Future
Ceramics Company
- Kajaria
Ceramics.
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A rise in infrastructure development projects is
expected, which is in keeping with the government's goal of diversifying its
oil-based economy. The multibillion-dollar project NEOM's construction, the
growing emphasis on green buildings, and programmes to develop smart cities are
all likely to cause an increase in tile consumption in the upcoming years,"
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm.
Saudi Arabia Tiles Market By Type (Floor Tiles, Wall Tiles, and Roof
Tiles), By Material (Ceramic, Porcelain, Natural Stone and Mosaic, and Others),
By End User (Residential and Commercial), By Region, Competition
Forecast & Opportunities, 2018-2028,” has evaluated the future growth potential of Saudi Arabia Tiles
Market and provides statistics & 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 decisions.
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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