Concealed Cistern Market in Saudi Arabia Market Size

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.