LONDON--(BUSINESS WIRE)--Technavio analysts forecast the ceramic tiles market in GCC to grow at a CAGR of around 7% during the forecast period, according to their latest market research report.
The online retailing of tiles is one of the major trends being witnessed in the ceramic tiles market in GCC 2018-2022. The growing number of Internet users through smartphones, laptops, tablets, and others are providing retailers with an opportunity to venture into e-retailing. Vendors can sell their products through third-party e-commerce platforms or their own online store.
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According to Technavio analysts, one of the key factors contributing to the growth of the ceramic tiles market in GCC are the new constructions in the GCC countries:
Ceramic tiles market in GCC: New constructions in the GCC countries
Several construction activities are ongoing in the Middle East. The hospitality industry in the GCC countries is emerging significantly. The increasing oil prices are bringing in more revenue for the governments. Thus, the governments are able to spend more on construction activities. The expanding hospitality industry will need the construction of new travel facilities such as airports, railways, and roadways or remodeling of the existing facilities.
According to a senior analyst at Technavio for research on construction, “The GCC countries have been investing billions of dollars in the construction and expansion of airports. A budget of about USD 6.8 billion has been invested to increase the capacity of a major airport midfield terminal building in 2017.
Ceramic tiles market in GCC: Segmentation analysis
The ceramic tiles market in GCC research report provides market segmentation by product (ceramic floor tiles and ceramic wall tiles) and by region (Saudi Arabia, the UAE, Qatar, Kuwait, Oman, and Bahrain). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the two major products, the ceramic floor tiles segment held the largest market share in 2017, contributing to over 61% of the market. This product segment will dominate the global market throughout the forecast period.
Saudi Arabia held the largest share of the market in 2017, accounting for close to 34% share. It was followed by the UAE and Qatar respectively. Saudi Arabia will dominate the global market throughout the forecast period.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market sizing
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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