Report Overview

Increasing concerns about reducing water consumption, rising focus on water scarcity issues and surging demand of luxury fixtures in residential sector are projected to propel the expansion of Saudi Arabia luxury plumbing fixtures market during forecast period between 2023 and 2029.

Saudi Arabia Luxury Plumbing Fixtures Market - Industry Trends & Forecast Report, 2029

Saudi Arabia luxury plumbing fixtures market size is expected to grow at a CAGR of 5.3% during the forecast period between 2023 and 2029. Major growth drivers for Saudi Arabia luxury plumbing fixtures market include increasing focus of customers on luxury housing and smart homes to enhance lifestyle, increasing concerns about reducing water consumption, rising focus on water scarcity issues and surging demand of luxury fixtures in residential sector. The increasing focus of customers on luxury housing and smart homes to enhance lifestyle is the primary factor driving global luxury plumbing fittings market growth. Increasing consumer spending on home renovations because of rising affordability will have a significant impact on the Saudi Arabia luxury plumbing fittings market expansion. Plumbing technology advancements, such as low-flow faucets and sensors, as well as dual flush toilets, are predicted to drive the luxury plumbing fixtures market demand across Saudi Arabia. Product demand will increase as water-efficient products become more popular in both residential and commercial structures which is expected to fuel the expansion of overall market during the period in analysis.

Saudi Arabia Luxury Plumbing Fixtures Market – Overview

A plumbing fixture is a device or vessel that is fixed permanently or temporarily in a commercial facility, residence, hospital, or school and may be connected to a portable water system. The device discharges used water and suspended materials into the sewer pipe of the facility. Even if not all plumbing fixtures have a water connection, they must all be capable of draining away from the device with the sanitary system. Plumbing fittings are classified as domestic, commercial, industrial, or institutional, or a blend of these. Consumers across Saudi Arabia are spending more money on various household products. This can be attributed to growing living standards, which are encouraging individuals to purchase basic plumbing goods, hence significantly boosting the plumbing fixtures market growth. The plumbing fixtures market is expected to expand as a result of rising urbanization, disaster-prone building upgrades, large-scale investments in infrastructure and industrial sectors, and increased construction in emerging economies. The renovated buildings segment is expected to dominate and account for the greatest share of the plumbing fittings market.

Saudi Arabia Luxury Plumbing Fixtures Market

Growth Drivers

Increasing concerns about reducing water consumption and wastage

A person uses about 100 gallons of water daily on average, and the highly built water-efficient devices cannot save water unless they are used to minimize the amount of water used. The majority of this usage occurs indoors and is accounted for by normal activities such as flushing toilets and taking baths and showers. According to the Qatrah website, Saudi Arabia, with a population of around 33.4 million, is the world's third greatest per capita consumer of water behind the US (pop. 324.5 million approx.) and Canada (pop. 37.2 million). Therefore, the Ministry of Environment, Water, and Agriculture's Qatrah initiative intends to cut daily per capita usage from 263 liters to 200 liters by 2020 and to 150 liters by 2030.

Restraints

High cost of raw materials

The raw materials utilized in plumbing fixtures are expected to change throughout time. To ensure safety and security, the fixtures must be certified and standardized. Furthermore, rigorous rules imposed on the quality of materials used in bathroom and kitchen fixtures, such as lead, tin, and nickel, are projected to stymie market expansion.

Impact of COVID-19 on Saudi Arabia Luxury Plumbing Fixtures Market

COVID-19 had detrimental impact on Saudi Arabia luxury plumbing fixtures market. Several enterprises in the Plumbing Fixtures sector have been compelled to suspend manufacturing and production operations as a result of the virus spread. The pause in business activities has a direct impact on the revenue flow of the plumbing fixtures market. The pandemic has unleashed a sequence of unprecedented events that have disrupted every business. However, the bathroom fixtures market has reset to a new normal, which will be continuously redefined and rebuilt in the post-COVID-19 period. Staying on top of trends and performing detailed analysis is more important than ever before in order to handle doubt, change, and continuously adapt to new and evolving markets.

Saudi Arabia Luxury Plumbing Fixtures Market

Segmental Coverage

Saudi Arabia Luxury Plumbing Fixtures Market – By Type

By type, Saudi Arabia luxury plumbing fixtures market is bifurcated into Bathroom Fixtures and Kitchen Fixtures. The bathroom fixtures segment includes showerheads, toilet and bathtub. The bathroom fixtures segment is expected to hold the highest market share. The residential constructions that use bathtubs to offer a luxurious experience are responsible for the market's rise. Furthermore, many non-residential structures, such as hotels, gyms, and spa resorts, use bathtub and shower fixtures to promote their prestige and boost customer pleasure. Growth in non-residential construction costs, including health care rehabilitation centers where waterspout baths serve a more therapeutic purpose, is predicted to drive up demand for bathtubs.

Saudi Arabia Luxury Plumbing Fixtures Market – By End User

Based on end user, Saudi Arabia luxury plumbing fixtures market is bifurcated into Residential and Commercial segments. The residential segment is expected to dominate the market during the forecast period due to increased urbanization and a movement in lifestyle toward new designs and healthier technologies in homes, it is predicted to be the fastest end-user industry during the projection period. The commercial buildings are expected to have a significant market share during the forecast period. The increased building of bathroom-intensive commercial structures, such as offices, educational facilities, hospitals, gyms, hotels, and spa resorts will propel the sector forward.

Competitive Landscape

Major players operating in Saudi Arabia luxury plumbing fixtures market include Al Ghamdi Company, ARTIZE, KALLISTA, Safana Online, GESSI SPA, Technical Agencies Co. Ltd., Dornbracht, AMARA, Kohler Co., Modenese Gastone Interiors srl, and Sherle Wagner International. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Type

• Bathroom Fixtures

• Kitchen Fixtures

By End User

• Residential

• Commercial