Saudi Arabia Faucet Market Forecast and Opportunities, 2019

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Saudi Arabia is emerging as a melting pot for investors due to significant growth in the country's real estate sector. This, in turn, is driving the country's faucet market as new residential, commercial and institutional spaces are being built in the country. The country has been attracting international faucet players to enter the market and explore the untapped opportunities. However, stringent regulations on trade imposed by the government of Saudi Arabia restricts organic entry of foreign players in the country.

Saudi Arabia's faucet market is growing mainly on the growing real estate sector and rising lifestyle of middle class households in the country. Due to higher standard of living, consumers in Saudi Arabia are showing inclination towards premium faucets featuring stylish designs and innovative sensing technology for installation in bathroom and kitchen. The government of Saudi Arabia is also providing ample support to local players to expand their footprint in the country. Growth in retail chains and outlets is also a major factor driving the market for faucets in Saudi Arabia.

According to Saudi Arabia Faucet Market Forecast & Opportunities, 2019, the faucet market in Saudi Arabia is projected to grow at a CAGR of around 15% during 2014-19. With booming construction and real estate market, the demand for faucets in the country is expected to increase at an exponential rate over the next five years. Region wise, central Saudi Arabia is dominating the faucet sales with major contribution coming from Riyadh, the capital city and major industrial hub of the country. Sales of bathroom faucets in Saudi Arabia largely exceeds sales of kitchen faucets, which can be attributed to the fact that the number of bathrooms per residential unit is more than the number of kitchen.

Western region is emerging as the second leading region in terms of faucet sales as the region attracts a large number of Muslim pilgrims visiting Makkah and Medina every year, which is leading to significant increase in hotels, hospitals and other complexes in the region. Saudi Arabia Faucet Market Forecast & Opportunities, 2019 report explains following aspects related to faucet market expansion Saudi Arabia:

Key Topics Covered:

1. Research Methodology

2. Analyst View

3. Product Overview

4. Global Faucet Market Overview

5. Saudi Arabia Faucet Market Outlook

6. Saudi Arabia Bathroom Faucet Market Outlook

7. Saudi Arabia Kitchen Faucet Market Outlook

8. Market Dynamics

9. Market Trends& Developments

10. Policy & Regulatory Landscape

11. Saudi Arabia Economic Profile

12. Competitive Landscape

13. Strategic Recommendations

14. Annexure

Companies Mentioned:

For more information visit http://www.researchandmarkets.com/research/63dtnr/saudi_arabia

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