Flooring and carpet are essential parts of any household and can be used across other applications as well which includes aviation, automobiles, and aerospace. Flooring and carpets are basically made up of wood, polymer staple fibers, carpets and rugs, and vinyl sheets, ceramic tiles.
The Middle East Flooring and Carpet market is estimated to be valued at US$ 7,886.10 million in 2021 and is expected to exhibit a CAGR of 5.3 % over the forecast period (2021-2028).
Saudi Arabia held dominant position in the Middle East Flooring and Carpet market in 2020, accounting for 32% share in terms of volume, followed by Qatar and Kuwait, respectively.
Figure 1. Middle East Flooring and Carpet Market Value (US$ Mn), by Region, 2020
Growth in the construction industry due to growing residential as well as commercial spaces is expected to propel the market growth of Middle East flooring and carpet. Increasing investment in the construction industry by the government of the Middle East is another major factor augmenting the market growth of flooring and carpet. Changing lifestyle of the consumer due to increasing disposable income is also expected to augment the market growth of the flooring and carpet.
The airport is undergoing modernization due to increasing investment by Middle East government on the developing the airport facilities, thereby augmenting the market growth of flooring and carpet.
Apart from the construction sector manufacturer in the Middle East region are leveraging opportunities across other sectors such as automotive and aviation by introducing flooring solutions for this industry. Moreover, growth in sports events and other events in the region is again escalating demand for a flooring solution. Thus, the aforementioned emerging application of flooring and carpet is expected to foster market growth over the forecast period.
Increasing adoption of machine-made carpets, laminates, rugs and other flooring solution in the region is expected to bring new market opportunities. Growing demand for advanced flooring solution is also expected to foster the market growth of flooring and carpet. Moreover, increasing population is creating demand for the residential building which is further projected to bolster the market growth of flooring and carpet.
|Base Year:||2020||Market Size in 2021:||US$ 7,886.10 Mn|
|Historical Data for:||2017 to 2020||Forecast Period:||2021 to 2028|
|Forecast Period 2021 to 2028 CAGR:||5.3%||2028 Value Projection:||US$ 11,292.11 Mn|
Al Sorayai Group (Saudi Arabia), Abdullatif Carpets (Saudi Arabia), Al Mira Carpet Factory (Saudi Arabia), Abu Dhabi National Carpet Factory (UAE), Mac Carpet (Egypt), Prado Egypt For Carpet (Egypt), Gheytaran Carpet (Iran), Oriental Weavers (Egypt), Standard Carpets Ind.LLC., Saida Carpets (Jordan), Dormina (Turkey), International Players (Mohawk Industries, Interface Middle East, Beaulieu Flooring, Tarkett S.A., Balta Group, and Shaw Industries Group, Inc.
|Restraints & Challenges:||
The growing popularity of carpet tiles and luxury products across commercial spaces is expected to bolster the market growth of the flooring and carpet. Growing inclination of consumer towards home interior decoration and aesthetic flooring materials is also expected to stimulate the market growth of. This is attributed to the availability of the advanced aesthetic flooring solution in the Middle East region.
Advancement in printing technologies is enabling manufacturers to launch attractive and new visuals to carpets. This is expected to be a major trend in the market. Increasing demand for innovative style and design in carpet is encouraging manufacturer to the launched product with different styles and designs, thus fueling the market growth of Middle East flooring and carpet over the forecast timeframe.
Figure 2. Middle East Flooring and Carpet Market Share, By Product Type, 2020
Key Takeaways of the Graph:
The availability of the substitute is expected to hinder the market growth of Middle East flooring and carpet. For example, machine-made flooring and carpets are creating challenges for handmade carpets and rugs. This is affecting the sale of handmade carpets and rugs, thus hampering the market growth of flooring and carpet.
The fluctuating price of raw material used rubbers, polymers, and ceramic is expected to restrict the market growth of the flooring and carpet.
Middle East Countries Players
There are many different kinds of flooring and carpet available today. The most common is hardwood, cork, linoleum, bamboo, and other fabrics. Hardwoods are the most durable and come in a wide variety of colors, patterns, and stains. Cork floors are also popular as they are relatively cheap compared to other fabrics. Carpeting can be fairly expensive, while laminate floors are usually cheaper and are available in high-end and mid-range quality designs. For example, an average laminate floor can have more design options, more color options, and a greater variety of patterns than most hardwoods. It can also be easier to clean, which can help reduce maintenance.
Rise in the construction activities in the region is a prime factor driving the growth of the Middle East Flooring and Carpet market. According to data revealed during the launch of The Big 5 Construct Egypt, Egypt was the third largest projects market in the MENA region, with about $14.9 billion worth of contract awards in 2020.
On the other hand, the availability of substitutes is expected to hinder growth of the Middle East Flooring and Carpet market.
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section.
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