Saudi Arabia Ceramic Tiles Market to Grow Due to Technological Advancement until 2026
Surging demand for modern
infrastructure is driving the growth of Saudi Arabia Ceramic tiles Market, in
the forecast period, 2022-2026.
According to TechSci report on, “Saudi Arabia Ceramic Tiles Market By Type (Glazed,
Porcelain, Unglazed) By Construction Type (New Construction and Replacement
& Renovation) By End-User (Residential and Non-Residential) By Application
(Floor, External Wall, Internal Wall, Roofs, and Others) By Region, Competition
Forecast & Opportunities, 2026”, Saudi
Arabia ceramic tiles market
has shown promising growth in historical years until 2019 and is expected to
continue its growth in upcoming forecast years 2021 to 2026. Saudi Arabia ceramic
tiles market owes its growth to the factors like surging demand for the
construction and evolvement of the infrastructure industry for the increasing
developments in the country. Moreover, evolving infrastructure in the
commercial section like buildings for hospitals, law enforcement agencies, etc.
is further aiding the growth of the market. Additionally, increasing capital
inflow into the real-estate sector, and growing infrastructural development and
construction activities are expected to positively influence the Saudi Arabia
ceramic tiles market growth in the future five years of forecast until 2026.
Furthermore, favorable government policies to promote and support the
infrastructure development in the countries is further aiding the growth of the
Saudi Arabia ceramic tiles market in the next five years.
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The Saudi Arabia
ceramic tiles market segmentation is based on type, construction type, end
user, applications, competitional landscape, and regional distribution. Based
on construction type, the market is further bifurcated into new construction, replacement
& renovation. New construction type is anticipated to hold the largest
revenue shares of the market and assert its dominance over the market segment
on the account of rapidly increasing urbanization. New buildings,
infrastructures, and evolving economics in the infrastructure sector is playing
a major role in the growth of the Saudi Arabia ceramic tiles market in the
upcoming five years. Renovation construction type is expected to register the
fastest growing CAGR on the account of consumer’s inclination toward
modernizing their homes and residential areas. Furthermore, restoration of
existing structures in home decor purposes has boosted the requirement for
ceramic tiles and increasing repair, rebuilding, and restoration activities of
existing infrastructure.
Based on type,
the market is further divided between glazed, porcelain, and unglazed. Glazed
ceramic tiles are anticipated to hold the largest revenue shares of the market
and dominate the segment o the account of surging demands from the consumers.
Moreover, the glazed ceramic tiles have the advantages like aesthetic outlook
as well as the posh looking product of the ceramic tile. Moreover, advancing
science and technology is also substantiating the growth of the market on the
account of using glazing products for the ceramic tiles such that the age of
the ceramic tile can be prolonged, this market growth is attributed to be
considered in the future five years of forecast until 2026. Porcelain ceramic
tiles are expected to register fastest growing CAGR on the account of advancing
technology that has manipulated the porcelain material for the maximum strength
of the ceramic tiles. The Saudi Arabia ceramic tiles market is expected to
register an esteemed growth on the account of above mentioned driving factors
in the next five years.
A partial list
of market player in the Saudi Arabia ceramic tiles market includes Ras Al
Khaimah (RAK) Ceramics, Saudi Ceramics, AL-Jawdah
Porcelain & Ceramic Company, Nesma Orbit For Industrial Projects And
Commerce, Arabian Tile Company (ARTIC), Forsan Ceramics (فرسان سيراميك),
Arabian Ceramics Manufacturing Company Limited (ACMC), Riyadh Ceramics Factory,
Future Ceramic Company (Factory), Alfanar Ceramic & Porcelain Tile Factory,
among others. These market players hold larger shares of the market than the
new market players. With the evolving technology, it is appropriate to say that
the effective research and development of the technologically advanced
instruments and methods to satisfy consumer demands would support the market
growth and benefit the market players as well as the consumers. New market
players may focus on the research and development to provide such products and
services that satisfies the consumer demand as well as benefits the market
players in building their brand value. Other competitive strategies include
mergers & acquisitions and new product developments.
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“Ceramic tiles make up for a huge market in the upcoming five years on
the demand of consumers for the aesthetic concepts in the infrastructure.
Moreover, flooring application of the ceramic tiles is one of the most
promising application. The consumer demand is highly influenced of the social
media popularity of the product from various market players. Increasing number
of market players in the country is also further substantiating the growth of
the market. New market entrants must invest in the research and technological
advancement to provide products that have longer life and ae durable to various
accident and calamities. Aggressive advertisement would aid the brand
establishment for the market player,” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm. “Saudi Arabia Ceramic Tiles Market By Type
(Glazed, Porcelain, Unglazed) By Construction Type (New Construction and
Replacement & Renovation) By End-User (Residential and Non-Residential) By
Application (Floor, External Wall, Internal Wall, Roofs, and Others) By Region,
Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of Saudi
Arabia ceramic 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 ceramic
tiles market.
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