Flooring and carpet are flooring solution that is widely gaining importance across automobiles, aerospace, household, and aviation sector. Resilient flooring, wood flooring, rubber flooring, laminate flooring, and ceramic floor tiles are some of the different types of flooring and carpets.
The Middle East Flooring and Carpet market is expected to surpass US$ 11,292.11 Mn in terms of value by the end of 2028.
The rise in the hospitality sector in the Middle East region is projected to accelerate the market growth of the flooring and carpet. This is also attributed to growth in the tourism industry. An increasing number of tourist visiting the Middle East region is also expected to foster the market growth. According to data by Design build network, GCC leisure and hospitality construction market is projected to reach the US$642.3 billion in 2023 from an estimated US$466.9 billion in 2019.
Product and technology innovation by the manufacturer in the Middle East region is expected to serve major growth opportunities for the market of flooring and carpet. Increasing use of biodegradable materials such as polylactic acid (PLA) fiber type due to growing environmental concern is also expected to foster the market growth of the flooring and carpet. Moreover, increasing focus of the manufacturer to introduce customized flooring products is further expected to propel the market growth of flooring and carpet. Retail outlets expansion by the manufacturer in the region for widening distributing channel is also expected to foster the market growth of the flooring and carpet. All these factors are expected to fuel market growth over the forecast period.
Middle East Flooring and Carpet Market: Recent Developments
An environmental concern associated with the waste disposal and recycling of materials of flooring and carpets is expected to hamper the market growth of flooring and carpet. Moreover, limited availability of landfill site is again hampering the waste disposal initiatives, hence hindering the market growth of flooring and carpet.
Middle East Flooring and Carpet Market - Impact of Coronavirus (Covid-19) Pandemic
The Covid-19 outbreak has had an adverse impact on various industries around the globe. Due to the strict rules and regulations undertaken by government to curb the spread of the infection, companies are looking to function remotely. Moreover, various companies are looking to implement strict measures to operate at minimum risks. Additionally, various companies had shutdowns their manufacturing units which had an adverse impact on Middle East Flooring and Carpet market.
To know the latest trends and insights prevalent in the Middle East Flooring and Carpet Market, click the link below:
Figure 1. Middle East Flooring and Carpet Market Share, By Material Type, 2020
Increasing adoption of synthetic fibers in the market in order to meet the growing demand is expected to be a major trend in the market. Introduction of synthetic fibers such as olefins, polypropylene and polyethylene terephthalate (polyester), and acrylic that is high performance materials are expected to propel the market growth of the flooring and carpet. Thus growing use of synthetic fibers is expected to propel the market growth of flooring and carpet.
Increasing renovation of the residential buildings coupled with the growing demand for the lavish product due to improving standard of living of consumer is expected to augment the market growth of the Middle East flooring and carpet market. The growing demand for carpets and rugs from the educational and corporate sectors due to increasing investment by the government in the region for improving the interior of the space is further expected to augment the market growth of Middle East flooring and carpet.
Middle East Countries Players