The Saudi Arabia Wall Covering Market size is estimated to grow at a CAGR of around 5.2 % during the forecast period, i.e., 2024-2029. According to MarkNtel Advisors Study.
Saudi Arabia Wall Covering Market Driver:
Increasing Tourism and Expansion of Hospitality Sector – Saudi Arabia has been promoting its tourism to diversify its economy which has led to a surge in its tourism sector. The country has been providing instant e-visas to amplify connectivity and tourism in the country. Moreover, the government has been providing funds for the tourism industry. For Instance,
In 2022, the country recorded 93.5 million tourist visits from across the globe, and the total investment in 2023 (Multiple Phases of completion) for tourism was about USD 800 billion.
To accommodate the increasing number of tourists, Saudi Arabia has witnessed rapid growth in its hospitality sector including the construction of hotels, restaurants, and resorts among others. The rise in luxury and premium hotel construction has been creating the demand for aesthetic, new, and unique interiors and wallcovering for decoration. In addition, wallcoverings with higher durability, stain resistance, and ease of cleaning are making them a practical choice for the hospitality industry which is ultimately driving the growth of Saudi Arabia’s Wallcoverings Market.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Saudi Arabia Wall Covering Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2029
- By Type of Wallpaper
- Paper- Market Size & Forecast 2019-2029, (USD Million)
- Textile- Market Size & Forecast 2019-2029, (USD Million)
- Vinyl- Market Size & Forecast 2019-2029, (USD Million)
- Non-Woven- Market Size & Forecast 2019-2029, (USD Million)
- By Application
- Residential- Market Size & Forecast 2019-2029, (USD Million)
- Commercial Buildings- Market Size & Forecast 2019-2029, (USD Million)
- Hospitality- Market Size & Forecast 2019-2029, (USD Million)
- Government & Transport- Market Size & Forecast 2019-2029, (USD Million)
- Others (Industrial, etc.) – Market Size & Forecast 2019-2029, (USD Million)
- By Distribution Channel
- Direct Sales- Market Size & Forecast 2019-2029, (USD Million)
- Indirect Sales- Market Size & Forecast 2019-2029, (USD Million)
- Dealers & Distributors- Market Size & Forecast 2019-2029, (USD Million)
- Speciality Stores- Market Size & Forecast 2019-2029, (USD Million)
- E-commerce Websites- Market Size & Forecast 2019-2029, (USD Million)
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Saudi Kenz, Benjamin Moore & Co., Muraspec, SkiptonWall, BSH Walls and Floors, OSBORNE & LITTLE, The Sherwin-Williams, The Romo Group, LEN-TEX CORPORATION, Others looking forward to strengthening their market positions.
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