Middle East & Africa Sanitary Ware Market Forecast 2019-2028
In terms of revenue and volume, the Middle East & Africa sanitary ware market is projected to register a CAGR of 4.81% and 4.10%, respectively, across the forecast period of 2019 to 2028. Key factors propelling the market growth, include, project developments concentrated on tourism and social infrastructure, and construction-oriented provisions.
The Middle East & Africa sanitary ware market growth is analyzed throughout Morocco, the Middle East, Nigeria, Egypt, South Africa, and the rest of Africa. The Gulf Cooperation Council (GCC) countries have encompassed the development of projects, that mostly emphasize social infrastructure and tourism, within the Middle East’s long-term strategies. Extensive infrastructure ventures are also expected to have a vital impact on the upcoming grants for construction projects. According to the Flitch Rating and the International Monetary Fund (IMF), secure government subsidies in GCC, are likely to increase the expenditure in building leisure projects, schools, and hospitals. Saudi Arabia is projected to witness substantial growth in construction endeavors, owing to massive spending on upmarket suburban and commercial properties. As a result, the rising demand for grand and lavish hotels and residential projects, are expected to fuel the market in the Middle East.
The lodging industry in Nigeria has observed tremendous growth, in addition to the thriving economy and business, in Africa. Besides, distinguished and eminent hotel chains are also entering Africa with a standardized functional strategy. Thus, these propositions are expected to advance the region’s market growth.
The market’s prominent players comprise, Jaquar Group, Kohler Co, Lecico Egypt, HSIL Limited, Cera Sanitaryware Ltd, etc.
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