Saudi Arabia Sanitary Ware Market Forecast and Opportunities, 2018

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Saudi Arabia Sanitary Ware Market Forecast and Opportunities, 2018

By | March 2013
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Consumer Goods Market Research Saudi Arabia Sanitary Ware Market Forecast and Opportunities, 2018 Aarkstore Enterprise (India), March 4th , 2013 : The sanitary ware market of Saudi Arabia has witnessed the tremendous growth in the past few years. Due to the continuous growth in sanitary ware demand in Saudi Arabia, the manufacturers and suppliers of sanitary ware items have started increasing their production capacity. The sanitary ware market of Saudi Arabia is highly promising due to which players like Lecico has also entered in this market.

According to “Saudi Arabia Sanitary Ware Market Forecast & Opportunities, 2018”,the revenues of the Saudi sanitary ware market is projected to grow at a CAGR over 21% during the period 2012-2018, which will drive the total market revenues of sanitary ware industry in Saudi Arabia to reach at around USD 1.42 Billion by 2018. The Saudi Government has taken its large scale infrastructure projects such as the development of 742 schools, 40 colleges, 5,00,000 housing unit construction, etc. which would generate the huge demand for the sanitary ware in Saudi Arabia. The demand for real estate in Saudi Arabia is expected to remain healthy as the rising Saudi population which includes both the expatriates as well as the local population would keep the real estate demand quite positive in future years too. This high growth rate of real estate would make the positive impact on sanitary ware market of Saudi Arabia; both these industries are interrelated to each other. Currently Saudi Arabia is highly dependent on the imported products and over 70% of the sanitary ware sales volume is accounted by the imported products only. Some of the major players in the sanitary ware market of Saudi Arabia are Saudi Ceramics, RAK Ceramics, Casa Via, Hocheng Corporation, etc. It is anticipated that the dependence on imported items will reduce in days to come as the domestic producers have been increasing their production capacity. “Saudi...

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