Market Size of Saudi Arabia Sanitaryware Industry
Study Period | 2019 - 2028 |
Base Year For Estimation | 2022 |
Forecast Data Period | 2024 - 2028 |
Historical Data Period | 2019 - 2021 |
CAGR | > 6.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Saudi Arabia Sanitaryware Market Analysis
The Saudi Arabia sanitaryware market is poised to grow at a CAGR of more than 6% dureing the forecasted period. The sanitaryware market in Saudi Arabia has witnessed tremendous growth in the past few years. Saudi Arabia is one of the main hubs for sanitary ware market players in the GCC region. Increasing government initiatives to support affordable housing, rising demand from the commercial and institutional sectors such as hotels, offices, schools, colleges is also augmenting demand for sanitary ware products in a huge way. The real estate sector is expected to continue witnessing healthy growth owing to rising housing demand by local as well as the immigrant population, which would propel the market for sanitary ware products in Saudi Arabia. Moreover, increasing the purchasing power of consumers is further expected to propel demand growth in the market.