Research and Markets: Saudi Arabia Sanitary Ware Market Projected to Reach US$ 1.42 Billion (SAR 5.3 Billion) by 2018
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/nvrhn8/saudi_arabia) has announced the addition of the "Saudi Arabia Sanitary Ware Market Forecast and Opportunities, 2018" report to their offering.
“Saudi Arabia Sanitary Ware Market Forecast and Opportunities, 2018”
Real estate growth, government initiatives and high disposable income is making the future of sanitary ware industry more promising in the Kingdom.
According to recently published report by TechSci Research Sanitary Ware Market Forecast & Opportunities, 2018,the sanitary ware market's revenues in Saudi Arabia are expected to grow at a CAGR of over 21% during the period 2012-2018, This will drive the market value of sanitary ware industry of Saudi Arabia to reach at around USD 1.42 Billion by 2018 from USD 445 Million in 2012. The central and the western regions are the highest contributor in the sales volume of sanitary ware products in Saudi Arabia. These regions have the advantage of both the high population as well as their economic strength. Some of the important markets in these regions are Riyadh, Mecca, Medina, etc.
The measures taken by the Saudi Government have been playing an instrumental role in shaping the future of sanitary ware industry. The Saudi government has allocated huge budgets for various projects such as the construction of 742 schools, 40 colleges and universities. The Saudi government has also announced its decision to build around 500,000 housing units and has increased its real estate budget by a astonishing figure of USD 10.7 Billion (SAR 40 Billion). The expenditures of the Saudi government on real estate have been growing at a rate of over 13% annually to meet the increasing demand of real estate in Saudi Arabia, outlines report.
- RAK Ceramics, UAE
- Saudi Ceramics, Saudi Arabia
- CASA VIA, Saudi Arabia 62
- Lecico, Egypt 63
- Hocheng Corporation, Taiwan
- Arab Ceramics, Egypt
- Cera Sanitaryware Ltd, India
- Kajaria, India
- Uralite, SA, Spain
- Somany Ceramics Limited, India
For more information visit http://www.researchandmarkets.com/research/nvrhn8/saudi_arabia
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