The Saudi Arabia doors
& windows market is anticipated to grow at a CAGR of 4.90% in the forecast
period on account of increasing demand from the construction and tourism sector
across the country, increasing technological innovation, and rising disposable
income, which drives the growth of the Saudi Arabia doors & windows market
in the upcoming five years. Moreover, rising residential apartment construction
and increasing IT parks and offices further fuel the Saudi Arabia doors &
windows market. Furthermore, the country’s growing urban population and strong
brand recall are driving up the demand for high-quality doors & windows.
A door’s major role in a
building is to serve as a connecting connection between internal components and
to allow free circulation to the outside. A window is an opening in a
structure’s wall that serves one or more of the following purposes: natural
light, natural ventilation, and vision.
Moreover, rising
residential apartment construction, increasing IT parks and offices, and the
availability of convenient options for doors & windows are some of the
other factors driving the Saudi Arabia doors & windows market.
However, due to the
COVID-19 pandemic, the market will develop at a slower rate in 2020 than it did
in 2019. Construction delays, import-export restrictions, a drop in GDP, and a
drop in demand from the business sector are all factors contributing to the
reduction. However, due to expanding remodeling activities, a growing working
population, and changing work culture dynamics in the country, the market is
expected to rise rapidly throughout the forecast period.
Rising Demand for
Construction Activities Drive the Market Growth
The growing number of
residential units, business buildings, schools, hospitals, and information
technology parks all contribute to the growth of the door and window market.
Furthermore, Saudi Arabia Vision 2030 for diversification and competitiveness
has released nearly USD1.00 trillion in infrastructure and real estate projects
around the country, assisting the market's expansion.
Increasing Demand
Commercial & Residential Sectors
Expanding building activity,
increased urbanization, and an increasing number of workplaces, hospitals, and
schools are all driving the commercial and residential sectors forward. The
need for homes and offices is predicted to rise in the forecast years due to a
growing young population and an increasing number of Saudis entering the
workforce. Furthermore, as Saudi Arabians' housing preferences change, they are
shifting away from extended family homes and toward homes centered on nuclear
families, resulting in increased demand for inexpensive residential units in
the coming years.
Rising Tourism and
Hospitality Industry to Drive the Market Growth
Saudi Arabia is one of
the most popular Middle Eastern tourism destinations. According to World Bank
data, 20.29 million tourists visited the country in 2018, up from 17.57 million
in 2017, representing a 15.48% annual increase. Although religious pilgrimages
to Makkah and Madinah still account for the majority of tourism in Saudi Arabia
and the recreational tourism sector is growing rapidly. In the coming years,
the rising tourism sector is predicted to be one of Saudi Arabia's greatest
revenue generators.
Rising Disposable Income
Fuels the Market Growth
The rapid increase in
the combined salaries of family members boosts consumers' disposable income,
allowing them to spend more freely. As a result, an increasing number of
consumers are hesitant to sacrifice product quality in order to save money,
preferring instead to choose less efficient alternatives. In Saudi Arabia, this
type of buyer behavior has a positive impact on the market for doors &
windows products across the country.
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Market Segmentation
The Saudi Arabia doors
& windows market is segmented based on product type, material type, end
user, distribution channel, region, and competitive landscape. Based on product
type, the market is further fragmented into doors & windows. In terms of
material type, the Saudi Arabia doors & windows market is segmented into
wood, aluminum, glass, others (steel, pvc, etc.). The market is segmented into
residential, commercial, hospitality, office, education, kitchen, others
(healthcare, industrial, airports, infrastructure, etc.) Based on the end user.
Also, the market is divided into direct and indirect channels, based on the
distribution channel. The market analysis also studies the regions of the Saudi
Arabia, such as the Western, Northern & Central, Eastern, Southern.
Company Profiles
The major market players
that lead the market growth of the Saudi Arabia doors & windows market are
Al Kuhaimi Metal Industries Ltd., The Saudi Modern Factory Co., Saudi Anfal
Group, Creative Windows, Modern Woodworks (LLC), Saudi Industries for PVC
Windows Co. Ltd. (Wintek), Rafee Metal Industries, Assa Abloy Entrance Systems
Saudi Arabia, Watan Wood Works, Ideal Window, Faden Wooden Works, etc.
|
Attribute
|
Details
|
|
Market
Size Value in 2021
|
USD3.62
Billion
|
|
Revenue
Forecast in 2027
|
USD4.81 Billion
|
|
Growth
Rate
|
4.90%
|
|
Base
Year
|
2021
|
|
Historical
Years
|
2017 –
2021
|
|
Estimated
Year
|
2022
|
|
Forecast
Period
|
2023
– 2027
|
|
Quantitative
Units
|
Revenue in
USD Billion and CAGR for 2017-2021 and 2022-2027
|
|
Report
Coverage
|
Revenue
forecast, company share, competitive landscape, growth factors, and trends
|
|
Segments
Covered
|
·
Product Type
·
Material Type
·
End User
·
Distribution Channel
·
Region
·
Company
|
|
Region
Scope
|
Western,
Northern & Central, Eastern, Southern
|
|
Key
Companies Profiled
|
Al
Kuhaimi Metal Industries Ltd., The Saudi Modern Factory Co., Saudi Anfal
Group, Creative Windows, Modern Woodworks (LLC), Saudi Industries for PVC
Windows Co. Ltd. (Wintek), Rafee Metal Industries, Assa Abloy Entrance
Systems Saudi Arabia, Watan Wood Works, Ideal Window, Faden Wooden Works,
etc.
|
|
Customization
Scope
|
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
|
Pricing
and Purchase Options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
|
|
Delivery
Format
|
PDF and Excel through
Email (We can also provide the editable version of the report in PPT/pdf format
on special request)
|
Report Scope:
In this report, Saudi Arabia Doors
& windows market has been segmented into following categories, in addition
to the industry trends which have also been detailed below:
- Saudi Arabia Doors & Windows Market, By Product Type:
- Saudi Arabia Doors & Windows Market,
By Material Type:
- Wood
- Aluminum
- Glass
- Others
- Saudi Arabia Doors & Windows Market,
By End User:
- Residential
- Commercial
- Hospitality
- Office
- Education
- Kitchen
- Others
- Saudi Arabia Doors & Windows Market, By Distribution
Channel:
- Saudi Arabia Doors & Windows Market, By Region:
o
Western
o
Northern
& Central
o
Eastern
o
Southern
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Saudi Arabia doors & windows market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).