Press Release Description
A USD1.7 Billion the Saudi Arabia Ceramic Tiles Market to Accelerate at a CAGR of Around 8% During 2025-30
The Saudi Arabia Ceramic Tiles Market size was valued at around USD 1.7 billion in 2024 and is projected to reach USD 2.7 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 8% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. The expansion in the end users of ceramic tiles like residential, commercial & retail, hospitality, government & transportation, etc. is driving the market growth.
Saudi Arabia's commercial & retail spaces are expanding, primarily due to the country's plans to change itself as a regional and global base for tourism, entertainment, and business. This is in line with the government's transition towards non-oil sectors. This is due to multinational companies increasingly setting their regional headquarters in Saudi Arabia. Moreover, Saudi Arabia has set a goal to attract around 150 million tourists by 2030.
In the residential sector, a growing housing demand is being witnessed, which is leading to the rising housing prices and rent of residential units. Additionally, the Saudi's Central Bank stated that in the first half of 2024, the banks in the country have allocated mortgages worth over USD 16 billion. The majority of these mortgages are associated with the new housing purchases. Furthermore, the development of new infrastructure projects like Al-Fursan and New Murabba will further add the residential units in the country. The accelerating growth in the residential and commercial & retail sectors in Saudi Arabia will fuel the demand for ceramic tiles in the country, further states the research report, “Saudi Arabia Ceramic Tiles Market Analysis, 2025.”
Segmentation Analysis
Floor Tiles Have Wide Applications in the Country
Based on the application area, the market is further bifurcated into, floor tiles, wall tiles, and others (Ceiling & Decoration). In 2024, the floor tiles hold the largest share of more than 50% in the Saudi Arabia Ceramic Tool Market. The biggest end users of ceramic tiles are residential and commercial & retail sectors. In the residential sector, housing, and apartment units mainly use ceramic tiles on the floors while walls are generally coated and decorated with paints.
In the commercial & retail sector, floor tiles are mainly used as the walls are either coated with paints or used glass walls, particularly in the case of large office buildings, hotels, and malls among others. In contrast, wall tiles are used mainly in the specific spaces of apartments and households like bathrooms, kitchens, etc., and that too to the particular height of the wall. Therefore, the development of residential and commercial & retail spaces in the country will boost the demand for ceramic floor tiles in Saudi Arabia.
Market Growth Revolves Around Central Region
Major revenue growth of the Saudi Arabia Ceramic Tiles Market comes from the central region, mainly due to Riyadh, which is the political and economic powerhouse of the country. More importantly, Riyadh has huge commercial & retail space in the country. The city has the largest office capacity of over 5 million sq. m. with Grade A office spaces registering a growth of 19% in the first half of 2024, as said by JLL. Office capacity is further expanding in Riyadh city, and it will attain approximately 6 million sq. m. in office capacity in the next three years.
Apart from this, the central region has over 8 million populations, with Riyadh having more than 7 million of them. This has created a huge demand for housing in the region. The region accounts for around 31% of the total housing units of Saudi Arabia, as per the Saudi government. The increase in new housing units, as a result of growing housing demand, will increase the demand for ceramic tiles in this region.
Competitive Landscape
With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including Saudi Ceramics, RAK Ceramics, Al-Omran Group (Ceramics), Arabian Ceramics, Riyadh Ceramics, Nesma Group, Al-Jawdah Group, STN Ceramica Group, Sokhoor Al Arab, Skytouch Ceramics, Future Ceramics, and Others are looking forward to strengthening their market positions.
Key Questions Answered in the Research Report
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What key factors would propel and impede the industry across the country?
- How has the industry been evolving in terms of geography & product adoption?
- How has the competition been shaping up across the country?
- How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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