Market Size of Saudi Arabia Tiles Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | 9.00 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Saudi Arabia Tiles Market Analysis
Saudi Arabia is the largest consumer and producer of tiles in the GCC region. Growth in the market is anticipated on account of growing number of infrastructure development projects in line with the government's aim to diversify its oil-based economy. Tile consumption is also expected to increase in the coming years due to construction of multibillion-dollar project NEOM', growing focus towards green buildings and smart city development projects. Moreover, increasing focus of domestic companies towards expanding their operations and technology developments such as use of digital printing technology is expected to positively influence the country's tiles market over the course of next five years.
Saudi Arabia Tiles Industry Segmentation
A complete background analysis of the Saudi Arabia tiles market, which includes an assessment of the National accounts, economy, and the emerging market trends by segments, significant changes in the market dynamics, and the market overview is covered in the report.
Type | |
Floor Tiles | |
Wall Tiles | |
Roof Tiles |
Material | |
Ceramic | |
Porcelain | |
Natural Stone and Mosaic | |
Others |
End-User | |
Residential | |
Commercial |
Saudi Arabia Tiles Market Size Summary
The Saudi Arabia tiles market is experiencing significant growth, driven by the country's position as the largest consumer and producer of tiles in the GCC region. This expansion is largely fueled by the government's infrastructure development projects aimed at diversifying the oil-based economy. The construction of ambitious projects like NEOM, along with a growing emphasis on green buildings and smart city initiatives, is expected to boost tile consumption. Additionally, domestic companies are increasingly focusing on expanding their operations and adopting advanced technologies, such as digital printing, which is anticipated to positively impact the tiles market over the next five years. The rapid rise in new residential buildings, coupled with factors like urbanization, technological advancements, and rising incomes, is sustaining the demand for tiles, particularly ceramic tiles, which are being produced to meet the housing sector's needs.
The ceramic tiles market is benefiting from trends such as digital inkjet printing technology, which enhances tile decoration and offers a variety of colors, sizes, and textures, appealing to consumers seeking high-end flooring solutions. The demand for ceramic tiles is bolstered by their durability and affordability, making them a popular choice for residential buildings, hospitals, and laboratories. The market is characterized by the presence of major international players, but technological advancements and product innovations are enabling mid-size to smaller companies to expand their market presence. Companies like Saudi Ceramics, Forsan Ceramics, RAK Ceramics, STN Ceramica, and Arabian Tile Company are key players in this evolving market landscape.
Saudi Arabia Tiles Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain / Supply Chain Analysis
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1.5 Porters 5 Force Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Floor Tiles
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2.1.2 Wall Tiles
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2.1.3 Roof Tiles
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2.2 Material
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2.2.1 Ceramic
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2.2.2 Porcelain
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2.2.3 Natural Stone and Mosaic
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2.2.4 Others
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2.3 End-User
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2.3.1 Residential
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2.3.2 Commercial
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Saudi Arabia Tiles Market Size FAQs
What is the current Saudi Arabia Tiles Market size?
The Saudi Arabia Tiles Market is projected to register a CAGR of greater than 9% during the forecast period (2024-2029)
Who are the key players in Saudi Arabia Tiles Market?
Saudi Ceramics, Forsan Ceramics, RAK Ceramics, STN Ceramica and Arabian Tile Company are the major companies operating in the Saudi Arabia Tiles Market.