ITCO, Gupta Timbertrader Pvt. Ltd., and Asala Woodare dominating the Saudi Arabia Wood Market in 2021

Saudi Arabia Wood Market is expected to grow with the CAGR of 2.2% in the forecast period of 2022 to 2029. The years considered for study are as mentioned below.

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Saudi Arabia wood market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in Saudi Arabia wood market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

• In April 2020, Trust Wood Manufacturer differentiated itself as a reliable factory accredited by Intertek to create excellent fire-rated doors built from fire-rated material acquired from Intertek-approved Core Suppliers (Halspan Products, Warm Spring Product, and Ramkor Product). This product certification helps to ensure the company is always in compliance. It will help to differentiate the products from their competitors. This certification program can simplify the process and help the company gain the desired market access.

ITCO is the dominating player in the wood market. The other key market players include Saudi Modern Factory Company, Trust Wood, Asala Wood, Gupta Timbertrader Pvt. Ltd., and Airolam decorative laminates.

ITCO

ITCO is headquartered in Jaddah, Saudi Arabia, and it was founded in 1979 as private ownership. The company focuses on financially growing and promoting a long-term goal with their clients, suppliers, and workers by boosting the business value of everyone involved in a flexible and collaborative manner. The company has various product categories including timber, panles, MDF, chipboards, and worktops. Among these the timber is the market focused category.

The company has a presence in Saudi Arabia.

Gupta Timbertrader Pvt. Ltd.

Gupta Timbertrader Pvt. Ltd. is headquartered in Delhi, India as private ownership it was founded in 1975. The company's mission is to manufacture, import, and offer high-quality Pine Wood, Teak Wood, Flush Door, Ivory Teak, Canadian Pine Wood, Russian Pine Wood, and other wood products. The company has various product categories includes Pinewood, Teak wood, SPF wood, SYP wood, Pine wooden packaging, Pine wooden pallet box, Plyboard, Red meranti wood, Meranti wood, Wood Veneer, Flush door, and Shuttering ply. Among these Pinewood, Teak wood, SPF wood, SYP wood, Pine wooden packaging, Pine wooden pallet box, Plyboard, Red meranti wood, Meranti wood, Wood Veneer, Flush door, and Shuttering ply are the market focused categories.

The company has presence in Asia-Pacific, Middle East and Africa, Europe, South America, and North America.

Asala Wood

Asala Wood headquartered in Jeddah, Saudi Arabia as private ownership and founded in 1990. The company is continually striving to improve its goods and services in order to meet the standards and expectations of its community. Provider of wooden planks, hardwood and softwood, as well as wood experts. The company has a various product categories including timber and boards. Among these both timber and boards are the market focused categories.

The company has presence in Saudi Arabia.