Marble and Granite Industry Analysis in KSA

Kingdom of Saudi Arabia (KSA) Marble and Granite Industry Outlook from 2023 to 2033

The KSA marble and granite industry size reached US$ 1,073.7 million in 2022. Over the forecast period, KSA marble and granite demand is anticipated to rise at 16.5% CAGR. Sales of marble and granite in Kingdom of Saudi Arabia are estimated to be valued at US$ 1,229.2 million in 2023 and US$ 5,662.2 million in 2033.

Attributes	Key Insights
Base Value in 2022	US$ 1,073.7 million
Estimated KSA Marble and Granite Business Value (2023)	US$ 1,229.2 million
Projected KSA Marble and Granite Business Revenue (2033)	US$ 5,662.2 million
Value-based CAGR (2023 to 2033)	16.5%

KSA Marble and Granite Business Insights:

• Revenue to Expand Over 4.6X through 2033

The KSA marble and granite business is expected to expand over 4.6X through 2033, amid a 12.5% increase in expected CAGR compared to the historical one. This is due to growing demand for marble and granite in the building & construction sector.

Government initiatives and investments in construction and development projects can significantly impact the business. The Saudi Arabian government is actively promoting infrastructure projects or supporting the construction sector, which could boost the demand for marble and granite.

West KSA to Remain at the Epicenter of Growth

As per the latest analysis, West KSA is expected to grow substantially during the forecast period. It is set to hold around 42.4% of the share in 2023. This is attributed to the following factors:

• Construction and Architecture: Marble and granite are commonly used for exterior cladding of buildings, providing an elegant and durable finish. Both materials are famous for flooring in high-traffic areas due to their durability and resistance to wear. Marble and granite are often used for decorative columns and pillars, adding a touch of luxury to architectural designs.
• Interior Design: Granite is widely used for kitchen and bathroom countertops due to its resistance to scratches, heat, and stains. Marble and granite flooring are standard in interior spaces, providing a sophisticated and timeless look. These stones are often used to construct fireplace surrounds, adding a touch of luxury and enhancing the aesthetic appeal of living spaces. Growing usage in these applications will fuel their demand.
• Retail and Commercial Spaces: High-end retail spaces often use marble and granite to create a luxurious atmosphere for flooring and decorative elements. In commercial buildings, these stones are used in reception areas to make a solid and lasting impression, thereby fostering their sales.
• Infrastructure Projects: Marble and granite are utilized in public spaces such as parks and plazas for benches, pavements, and other decorative elements. Marble and granite are often used in artistic designs, including intricate mosaics and inlays, showcasing their versatility in decorative applications.
• Residential Construction: Marble is commonly used for bathroom walls, floors, and vanity tops due to its aesthetic appeal and resistance to moisture. Both marble and granite can be used for staircase construction, adding a touch of luxury to residential spaces.

Demand for Marble and Granite Remains High in Flooring Applications

The flooring segment is expected to account for a prominent share of 44.8% in 2023. This is attributable to rising usage of granite and marble for flooring applications across diverse sectors.

In KSA, where architectural aesthetics often combine tradition with modernity, the timeless beauty of marble and granite aligns well with the design preferences. Whether used in residential, commercial, or public spaces, the flooring segment benefits from the ability of marble and granite to enhance the overall ambiance and visual appeal of the environment.

Durability is another crucial factor driving adoption of marble and granite in flooring applications. Saudi Arabia experiences high temperatures and, at times, harsh weather conditions. Marble and granite are known for their resistance to wear, scratches, and heat, making them ideal choices for flooring in this climate.

Regarding versatility, marble and granite offer several options for designers and architects. From classic white and beige tones to bold and dramatic colors, the palette available in these stones allows for diverse design possibilities.

The versatility of marble & granite is crucial in meeting the varied aesthetic preferences of different projects. This is increasing their popularity in flooring applications across the Kingdom of Saudi Arabia.

Kingdom of Saudi Arabia Marble and Granite Industry Overview

Saudi Arabia is a top player in the global natural stone business and is still making significant investments in infrastructure and large-scale construction projects. The growing demand for marble and granite is closely tied to construction and infrastructure projects.

Saudi Arabia is experiencing robust growth in its construction sector. New projects to build roads, buildings, and cities are being launched. This is expected to drive the demand for marble and granite.

The notable surge in the demand for marble in Saudi Arabia indicates the country's expanding economic prosperity and ongoing infrastructure-building initiatives. Thanks to its booming real estate sector, KSA is becoming a hotbed for marble & granite manufacturers and suppliers.

The escalating demand for marble and granite is intricately linked to the Kingdom's robust commitment to advancing its infrastructure. As a key driver, the ambitious infrastructure development initiatives underscore the nation's dedication to modernization and urbanization, manifesting in several transformative projects.

A noteworthy exemplification of this surging demand unfolds in the Riyadh Metro project. This monumental project strategically incorporates marble and granite extensively for station interiors and walkways, showcasing the premium quality of these natural stones and highlighting their aesthetic appeal and durability.

The expansion of Riyadh's King Khalid International Airport is a testament to the widespread integration of marble and granite. Adoption of these high-quality materials is establishing unparalleled standards for aesthetics and endurance in key transportation hubs.

The construction and infrastructure landscape in Saudi Arabia stands as a vibrant canvas of ongoing and upcoming projects. An intricate network of roads crisscrossing the nation, iconic bridges, and development of commercial and residential spaces all contribute to the sustained demand for marble and granite.

Saudi Arabia's marble and granite business rides on the crest of a transformative wave spurred by infrastructure development. As construction endeavors unfold across the nation, the demand for marble and granite is set to remain steadfast, contributing significantly to the Kingdom's evolving architectural narrative.

2018 to 2022 KSA Marble and Granite Demand Outlook Vs. 2023 to 2033 Forecast

Sales of marble and granite in KSA grew at a CAGR of 4.0% between 2018 and 2022. Total valuation reached around US$ 1,073.7 million in 2022. In the forecast period, the KSA marble and granite industry is set to thrive at a CAGR of 16.5%.

Historical CAGR (2018 to 2022)	4.0%
Forecast CAGR (2023 to 2033)	16.5%

The KSA marble and granite business witnessed low growth between 2018 and 2022. This was due to several factors, including economic uncertainties, geopolitical tensions, and the impact of the COVID-19 pandemic.

The COVID-19 pandemic led to disruptions in supply chains and delayed projects across multiple industries, especially construction projects. As a result, demand for marble & granite remained low during the historical period.

Big projects like the Riyadh Metro and the expansion of King Khalid International Airport fueled growth between 2018 and 2022. These projects created a steady demand for marble and granite because these stones are durable and look good.

Future Scope of the KSA Marble and Granite Business

The future outlook for the KSA marble and granite business is optimistic, with an anticipated valuation of US$ 5,662.2 million in 2033. The marble and granite business in Saudi Arabia is expected to grow even faster, at 16.5% CAGR.

The continuous urbanization and expansion of the real estate industry may increase the demand for premium building materials, such as granite and marble. The need for these materials in public, commercial, and residential buildings may rise as metropolitan areas grow.

The growing popularity of interior design trends and aesthetics is increasing the need for marble and granite in a variety of applications, including wall cladding, flooring, and countertops. Premium stone items are experiencing a spike in demand as customers look for designs that are distinctive and refined.

The focus on sustainability presents chances for Saudi Arabia's marble and granite sector to embrace eco-friendly methods. This could entail encouraging ethical quarrying, recycling initiatives, and the use of energy-efficient processing technology.

If the marble and granite sector in Saudi Arabia can manufacture goods of a high caliber at a competitive price, there might be prospects for sale to foreign markets. Increasing the industry’s reach outside of the country may be a key strategy for development.

The marble and granite sector in Saudi Arabia is becoming more efficient and competitive by adopting cutting-edge technologies for stone extraction, processing, and finishing. In the future of the industry, automation, digital tools, and intelligent manufacturing processes are quite important.

Overview of Key Trends in the Marble and Granite Business in KSA

• Infrastructure Development Fuels Marble and Granite Demand

Saudi Arabia's robust infrastructure development has emerged as a critical driver for the country's increasing demand for marble and granite. The Kingdom's commitment to modernization and urbanization is evident in the numerous infrastructure projects underway.

From roads, bridges, and airports to commercial and residential developments, marble and granite have become integral to these endeavors. These materials are widely used for flooring, countertops, and cladding applications.

One remarkable example is the Riyadh Metro project, which, upon completion, will be one of the world's largest urban rail transport systems. This massive undertaking involves the extensive use of marble and granite for station interiors and walkways, showcasing the premium quality of these natural stones.

The Saudi Arabian government's commitment to infrastructure development is evident in its budget allocations, fueling demand for marble and granite. Manufacturers and suppliers of marble and granite are witnessing a surge in demand, reflecting the integral role these stones play in building Saudi Arabia's future.

• Urban Renaissance with Marble and Granite Transformation

The urban landscape of Saudi Arabia is experiencing a remarkable transformation, driven by the extensive use of marble and granite in architectural design and construction. This trend turns Saudi cities into epicenters of modernity, sophistication, and aesthetic excellence.

In cities like Riyadh, Jeddah, and Dammam, contemporary architectural marvels are adorned with marble and granite, contributing to the renaissance of urban living. For instance, the King Abdullah Financial District in Riyadh showcases sleek and cutting-edge structures crafted from these natural stones, highlighting their versatility and aesthetic appeal.

The blend of modern design and the timeless elegance of marble and granite has become a hallmark of the urban renaissance in Saudi Arabia. This will continue to create growth prospects for the target business.

The burgeoning real estate sector is also significantly contributing to this urban renewal. Luxury residential and commercial developments incorporate marble and granite to create abundant and enduring spaces.

As Saudi cities continue to evolve, marble and granite are at the forefront of this urban renaissance. They are becoming key to a modern and elegant Saudi Arabia.

• Government Investments Propel Growth for Marble and Granite Business

Saudi Arabia's marble and granite business is experiencing a significant boost due to substantial investments made by the government in various sectors. These investments play a pivotal role in fostering growth.

One notable initiative is the "Vision 2030" program, a comprehensive plan to diversify the Saudi economy. As part of this vision, the government has allocated substantial funds for infrastructure development, tourism, and other vital sectors, where marble and granite are integral to the construction and beautification of projects.

The Saudi Arabian government's commitment to heritage preservation drives demand for marble and granite in restoration and conservation projects. The revitalization of historical sites and landmarks underscores the government's dedication to preserving the nation's cultural heritage.

Marble and granite are chosen for their aesthetic value and durability, ensuring these sites stand the test of time. Their increasing usage in restoration and conservation projects will boost the target business.

• Real Estate Boom Elevates Demand for Premium Marble and Granite

Saudi Arabia is witnessing a burgeoning real estate boom. This surge in construction and development is significantly driving the demand for premium marble and granite.

As luxury real estate projects continue to emerge, natural stones like granite and marble are taking center stage. They are adding a touch of luxury and sophistication to residential and commercial spaces.

High-end residential complexes, luxury hotels, and upscale commercial properties increasingly incorporate marble and granite into their designs. These stones are sought after for their enduring beauty, exceptional quality, and the prestige they bring to interior and exterior spaces.

For instance, luxury apartments in Riyadh and Jeddah now feature marble and granite flooring, countertops, and intricate wall cladding. Similarly, high-end hotels in cities like Mecca and Medina use these natural stones to create lavish lobbies and guest areas, impressing visitors with their elegance and grandeur.

The real estate boom, marked by an array of prestigious projects, underscores the pivotal role of marble and granite in KSA’s drive to offer exceptional living and hospitality experiences. As the demand for premium stone continues to grow alongside this real estate wave, the marble and granite business in Saudi Arabia finds itself at the intersection of luxury and quality, with no sign of slowing down.

Key Factors Restraining KSA Marble and Granite Growth

• Limited Natural Stone Reserves

The restraint of limited natural stone reserves in Saudi Arabia presents a significant challenge to the domestic marble and granite business. While the demand for these premium stones is rising, the country' resources must be increased to meet this growing need. This scarcity has resulted in notable import dependence to bridge the supply-demand gap.

The geological composition of Saudi Arabia includes limited quantities of marble and granite deposits, mainly concentrated in specific regions. As the demand for these stones continues to expand across several construction and decorative applications, the limited availability of indigenous resources poses a pressing challenge.

In response, the Kingdom has turned to international markets, importing substantial quantities of marble and granite. This restraint has economic implications, as the reliance on imports may impact the overall costs of projects and the competitiveness of domestic producers.

• Regulatory Hurdles and Trade Barriers

The marble and granite business faces significant challenges stemming from regulatory hurdles and trade barriers that impact the smooth flow of these natural stones. These obstacles can result from regulatory changes, quality standards, and international trade policies.

One primary challenge is compliance with evolving regulations and standards. The government may implement new rules regarding quarrying practices, environmental impact, or product quality that require players to adapt. Keeping up with these changes can be burdensome for businesses in the sector, impacting their operations and production.

Trade barriers can affect the import and export of marble and granite. These barriers may include tariffs, customs procedures, and compliance with international standards, which can lead to delays and increased costs.

Import restrictions or duties on these natural stones can limit access to high-quality products, potentially constraining growth. To overcome these challenges, industry players must navigate the complex landscape of regulations and trade barriers, ensuring their operations remain compliant and efficient.

Cooperation with government agencies and industry associations is crucial to address these issues and maintain a competitive edge in the business. Key companies need to use different tactics to strengthen their presence in KSA and boost their sales.

Country-wise Insights

The table below highlights the marble and granite business revenue in several regions of KSA. Northwest KSA, West KSA, and Centre KSA are expected to remain the top three consumers of KSA marble and granite, with expected valuations of US$ 2,574.1 million, US$ 1,515.5 million, and US$ 1,464.1 million, respectively, in 2033.

Region	Revenue (2033)
Northwest KSA	US$ 2,574.1 million
West KSA	US$ 1,515.5 million
Centre KSA	US$ 1,464.1 million

The below table shows the estimated growth rates of the top three regions. Centre KSA, Northwest KSA, and West KSA are set to record higher CAGRs of 18.8%, 21.2%, and 11.2%, respectively, through 2033.

Region	CAGR (2023 to 2033)
Northwest KSA	21.2%
Centre KSA	18.8%
West KSA	11.2%

High Demand for Luxurious Countertops to Fuel Demand in Northwest KSA

Northwest KSA marble and granite business is expected to thrive at 21.2% CAGR, reaching a valuation of US$ 2,574.1 million in 2033. The expanding usage of marble and granite in countertops serves as potent catalysts, driving demand for marble and granite.

Marble, and granite counters are common choices among homeowners wishing to improve the beauty and use of their kitchens and bathrooms. This is due to their luxurious appearance, reliability, and ease of maintenance,

Marble countertops, for instance, are a popular option for homeowners looking for a distinctive and sophisticated style because of their smooth white tones with gray patterns. On the other hand, granite is a popular building material in houses and structures because of its admirable durability and attractive appearance.

Versatility and Popularity of Marble and Granite to Drive Demand in Centre KSA

The business for marble and granite in central KSA is witnessing substantial growth, with sales expected to surge rapidly. This surge signifies a notable increase in people in the central KSA choosing marble and granite, particularly for flooring and countertops.

Growing usage of elegant stones like marble and granite in construction and interior design projects is set to boost sales growth. The emphasis on flooring and countertop applications indicates a specific trend within this growth, showcasing the versatility and popularity of marble and granite in enhancing the visual appeal and functionality of homes.

KSA marble and granite sales in Centre KSA are projected to soar at a CAGR of around 18.8% during the assessment period. Total valuation in the country is anticipated to reach US$ 1,464.1 million in 2033.

Category-wise Insights

The below section shows the flooring segment dominating the business based on application. It is forecast to thrive at 20.8% CAGR between 2023 and 2033. Based on product type, granite segment is expected to surge at a CAGR of 18.3% during the forecast period.

Flooring to Remain the Most Remunerative Application in KSA

Top Segment (Application)	Flooring
Predicted CAGR (2023 to 2033)	20.8%

Based on application, the target business is segmented into flooring, countertops, cladding, and others. Among these, the flooring applications category stands out as the dominant force, significantly influencing the business landscape.

Marble and granite products have found a robust business in the flooring segment, driven by their popularity in construction and interior design projects. The appeal of these materials lies in their versatility, durability, and aesthetic qualities, making them a preferred choice for flooring applications.

The use of marble and granite in flooring is a centuries-old tradition and is profoundly used in Arabian homes. Their durability, beauty, and versatility make them a timeless choice for homeowners looking to create a lasting and visually appealing space.

The construction and infrastructure development in Saudi Arabia further drive the demand for marble and granite in the flooring segment. As new buildings, hotels, and commercial complexes emerge, the need for high-quality flooring materials becomes paramount.

Marble and granite, with their inherent characteristics, align with the requirements of modern construction, contributing to the sector's dominance in KSA. The target segment is set to hold a significant volume share of 44.8% in 2023. It will likely exhibit a CAGR of 20.8% through 2033.

Demand Remains High for Granite across KSA

Top Segment (Product Type)	Granite
Projected CAGR (2023 to 2033)	18.3%

Granite is expected to remain the most sought-after product type across KSA through 2033. This is attributable to rising adoption of granite across diverse industries, including building & construction, due to its outstanding properties.

Among building materials, granite is the pinnacle of style and toughness. Its exceptional strength, resilience to deterioration, and inherent beauty make it a perfect material for several construction-related uses.

As granite can survive the extreme weather conditions in the region, its use has expanded due to KSA's dedication to completing key construction projects. Hence, its demand for granite is set to rise rapidly through 2033.

Granite is used in several building applications, from monumental constructions and facades to flooring. It is popular among KSA builders and architects because of its long lifespan and attractive appearance.

Granite's resistance to weathering and abrasion guarantees that buildings made of it maintain their flawless appearance for long periods. These factors align with the nation's emphasis on long-lasting and sustainable building practices. The granite segment is projected to thrive at 18.3% CAGR during the forecast period.

Competitive Landscape

SMG Company, Marmotech, Al Takadom, Awtad Al-Riyadh, Constructions Products Holding, and company (CPC) are the leading manufacturers of marble and granite profiled in the full version of the report.

Key players are focusing on expanding domestic production areas of marble and granites to provide cost-efficient solutions to consumers. They are also adopting other strategies like partnerships, collaborations, agreements, and acquisitions to expand their footprint.

For instance,

• In September 2023, a large-format porcelain brand called GLAZE Granite & Marble introduced KOZO. The newest GLAZE Granite & Marble creation, KOZO Large-Format Porcelain, is intended to revolutionize architectural surfaces.
• In November 2023, JK Cement declared that they favor terrazzo designs made of white cement. Terrazzo made of white cement has several advantages, including resisting fire and smoke and enduring extreme heat and open flames.

KSA Marble and Granite Industry Research Scope

Attribute	Details
Estimated Business Size (2023)	US$ 1,229.2 million
Projected Business Size (2033)	US$ 5,662.2 million
Anticipated Growth Rate (2023 to 2033)	16.5%
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Value (US$ million) and Volume (000’ SqM)
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Product Type Application End User Region
Region Covered	North West Centre Northwest
Key Companies Profiled	SMG Company Marmotech Al Takadom Awtad Al-Riyadh Constructions Products Holding Company (CPC) Al Ajial Factory Co. Ltd Baaghil Factory Dar Al Rokham LLC Bin Harkil Co. Ltd, Nesma Orbit Fanar Marble Marble Boutique Alfurat Company

KSA Marble and Granite Industry Segmentation by Category

By Product Type:

• Marble
• Granite

By Application:

• Flooring
• Countertops
• Cladding
• Others

By End User:

• Government
• Others

By Region:

• North
• West
• Centre
• Northwest

Frequently Asked Questions

What is the demand for marble and granite in KSA?

Demand in KSA is expected to rise at a CAGR of 16.5% through 2033.

How big is the marble and granite business in KSA?

Revenue in KSA is expected to reach US$ 1,229.2 million in 2023.

What is the future of marble and granite business in KSA?

Total sales are projected to reach US$ 5,662.2 million in 2033.

Which product type is expected to lead KSA marble and granite business?

Granite is expected to lead the target business.

Who are the top marble and granite manufacturers in KSA?

SMG Company, Marmotech, and Al Takadom are key players.

What was the value of the KSA business in 2022?

The KSA marble & granite business was valued at US$ 1,073.7 million in 2022.