Saturday 15 May 2021

Qatar’s sanitary ware market to grow at 9pc by 2021

DOHA, December 9, 2016

Qatar’s sanitary ware market is projected to grow at a compound annual growth rate (CAGR) of over nine per cent during 2016 to 2021, said a report by TechSci Research, a global management consulting firm.

Growth in the market is anticipated on account of increasing hygiene consciousness, growing hospitality sector, rising disposable income, high urbanisation rate and booming commercial sector, stated TechSci in its report titled “Qatar Sanitary Ware Market By Product Type, By Application, By Organized Vs. Unorganized, Competition Forecast and Opportunities, 2011 - 2021.”

Moreover, introduction of technologically-advanced sanitary ware, increasing construction in the wake of Fifa 2022 and the government's vision to develop the country by 2030 are expected to boost the demand for sanitary ware in Qatar through 2021, said the report.

On the basis of product type, Qatar sanitary ware market has been broadly segmented into five categories, namely, water closets and cisterns, basins, urinals, bathtubs and others, it added.

Among these categories, water closets and cisterns dominated the country's sanitary ware market in 2015, and the same trend is expected to continue over the next five years as well.

In Qatar, the eastern region dominated the country's sanitary ware market in 2015, followed by central and west regions. Few of the leading players operating in the country's sanitary ware market include RAK Ceramics, Toto Ltd, Kludi GmbH & Co KG, Jaquar and Hewi.

Karan Chechi, research director, TechSci Research, said: “Qatar National Vision 2030 was officially launched in October 2008 with an objective to transform the nation into a developed country.”

“Under this mission, the government has set various goals including expansion of the country's infrastructure. Consequently, the Government of Qatar has undertaken various projects related to new international airport, new cities, schools, hospitals and electric substations in the country,” he said.

“All these government projects are expected to significantly boost the demand for sanitary ware in the country over the next five years,” he added.-TradeArabia News Service

Tags: | Qatar | market | Sanitary | ware | 2021 |

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