Saudi Arabia Concealed Cistern Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Saudi Arabia Concealed Cistern Market Analysis
The Concealed Cistern Market is poised at a CAGR of 4% during the forecast period.
A concealed cistern is simply a toilet cistern (tank) that is hidden in some way. It is usually hidden inside or behind a wall, in the ceiling, or inside cabinetry. A cistern concealed inside a wall is called an in-wall cistern while one hidden behind the wall is called an in-duct system. With a population of 34.27 mn in 2019 and 35.3 mn in 2021, a continuous increase in population is observed requiring the need for the construction of stays with an increase in the number of bathrooms and toilets creating opportunity for Concealed cisterns.
With the advent of COVID-19, a slack in Saudi Arabia's real estate sector was observed as the pandemic hampered property transactions - and the kingdom's wider economy - to a standstill. The kingdom aims to raise home ownership to 60 per cent among nationals and increase total outstanding mortgages to SAR 502 billion (USD 133.9 billion) by the end of 2020. Volume and value of residential real estate transaction volumes declined substantially in March 2020 as the lockdowns came into force. This created a negative signal for concealed cistern market as demand was declining.
As the economy slowly opened after the relaxation of covid-related lockdown, the demand normalized, the GDP of Saudi Arabia observed a continuous increase with GDP in US billion dollars (703.37, 833.54, 1040.17) during 2020, 2021 and 2022 respectively and is expected to reach USD 1,107.71 billiion in 2027 creating a positive environment for construction and concealed cistern market.
Saudi Arabia Concealed Cistern Market Trends
This section covers the major market trends shaping the Saudi Arabia Concealed Cistern Market according to our research experts:
Construction of Commercial and Residential Space Affecting Cistern Market
The residential and non-residential building industry in Saudi Arabia observed continuous growth with 5% annual growth during 2018 and after a continuous increase in demand for residential and commercial space, it increased to 7.6% in 2021 and 7.8% in 2022. With this increase in space requirement for commercial as well as residential, demand for concealed cisterns also increases to make bathrooms and washrooms more spacious with modern technology pieces of equipment. In 2018, 2019 and 2020 GDP of the construction sector in Saudi Arabia stands at SAR 151,496 million, SAR 163,655 million, and SAR 168,750 million, respectively.
Government Initiatives towards Boosting Investment in Construction
According to the Saudi government, by 2020 the impact of the Economic Cities will include USD 150 billion contributed to GDP growth, 1.3 million jobs created, and the accommodation of 4.8 million people. Under the National Transformation Plan (the 'Plan') and Saudi vision 2030, the housing sector, with a budget of SAR 59 billion, is the biggest area of government expenditure, having the target of increasing real estate sector contribution to 5-10% of the GDP and establishing fast-track licences and special finance packages to encourage private sector investment in housing projects. These government initiatives will be creating demand for modern bathrooms with smart homes and increase the demand for concealed cisterns in the market.
Saudi Arabia Concealed Cistern Industry Overview
The concealed cistern products market is highly competitive. Saudi Arabia shifting its economy from oil-based to other products is observing an increase in foreign investment for new businesses. With the aim towards the development of new office spaces for new business and with an increasing population in cities, construction of new residential space is required. As the GDP and income level of the country are increasing people are shifting toward modern houses with modern bathrooms, and toilets creating an opportunity for concealed cistern manufacturing firms. Major firms operating in concealed cistern market are Toto, Lixil, Roca, and Fluidmaster investing in R&D to innovate and modernize its product and increase market share.
Saudi Arabia Concealed Cistern Market Leaders
TOTO
Kohler
Roca
Lixil
Fluidmaster
*Disclaimer: Major Players sorted in no particular order
Saudi Arabia Concealed Cistern Market News
- In June 2021, Roca group expanded its global footprint with the acquisition of Sanit. Roca exists as a global leader in the design, production, and marketing of products for bathroom space, Sanit is a global leader in advanced piping systems with a global presence and production sites located in Germany.
- In January 2021, Fluidmaster, the world's largest manufacturer of toilet tank components and trims acquired WISA BV, which is a leading sanitary equipment business based in the Netherlands. WISA exists as an innovative manufacturer and marketer of a wide range of concealed and exposed cisterns, controls and other sanitaryware products.
Saudi Arabia Concealed Cistern Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain / Supply Chain Analysis
4.5 Porters Five Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Insights on Current Trends and Recent Developments in the Market
4.7 Insights on Technological Innovations in the Market
4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product Type
5.1.1 With Frame
5.1.2 Half Frame
5.1.3 Without Frame
5.2 By End-User
5.2.1 Residential
5.2.2 Commercial
5.3 By Distribution Channel
5.3.1 Home Centers
5.3.2 Specialty Stores
5.3.3 Online
5.3.4 Others
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Cera
6.2.2 Lixil
6.2.3 Roca
6.2.4 Jaquar
6.2.5 Hindware
6.2.6 Kohler
6.2.7 Fluidmaster
6.2.8 Sanipex Group
6.2.9 Geberit
6.2.10 Toto
6.2.11 RAK Ceramics
6.2.12 Duravit
6.2.13 Grohe*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Saudi Arabia Concealed Cistern Industry Segmentation
This report aims to provide a detailed analysis of Concealed Cistern Market in Saudi Arabia. It focuses on market dynamics, technological trends, and insights into various product types and application types. Also, it analyses the key players and the competitive landscape for the Concealed Cistern Market in Saudi Arabia. The Concealed Cistern Market in Saudi Arabia is segmented by Product Type (With Frame, Half Frame, Without Frame), by End-User (Residential, Commercial), and by Distribution Channel (Home Centers, Specialty Stores, Online, and Other Distribution Channels). The report offers market size and forecasts for the concealed cistern market in Saudi Arabia in value (USD Million) for all the above segments.
| By Product Type | |
| With Frame | |
| Half Frame | |
| Without Frame |
| By End-User | |
| Residential | |
| Commercial |
| By Distribution Channel | |
| Home Centers | |
| Specialty Stores | |
| Online | |
| Others |
Saudi Arabia Concealed Cistern Market Research FAQs
What is the current Saudi Arabia Concealed Cistern Market size?
The Saudi Arabia Concealed Cistern Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Saudi Arabia Concealed Cistern Market?
TOTO, Kohler, Roca, Lixil and Fluidmaster are the major companies operating in the Saudi Arabia Concealed Cistern Market.
What years does this Saudi Arabia Concealed Cistern Market cover?
The report covers the Saudi Arabia Concealed Cistern Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Saudi Arabia Concealed Cistern Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Concealed Cistern in Saudi Arabia Industry Report
Statistics for the 2024 Concealed Cistern in Saudi Arabia market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Concealed Cistern in Saudi Arabia analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
