Market Size of Egypt Floor Covering Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 2.27 Billion |
Market Size (2029) | USD 2.94 Billion |
CAGR (2024 - 2029) | 5.26 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Egypt Floor Covering Market Analysis
The Egypt Floor Covering Market size is estimated at USD 2.27 billion in 2024, and is expected to reach USD 2.94 billion by 2029, growing at a CAGR of 5.26% during the forecast period (2024-2029).
With the construction industry growing in Egypt, the market for floor coverings has also been growing.Cairo's urban development program, which entails creating 23 new cities, was the main driving force behind construction.Along with the strong construction industry, the floor-covering market is driven by the fact that more and more people want to make the inside of their homes look nicer and more expensive. But the manufacturing process is making more and more trash that can't be recycled. This has become a problem for the industry.The damage should be lessened as technology changes and more eco-friendly raw materials are used in manufacturing.
COVID-19 had an influence on the Egypt floor covering market, just like it did on any other market. Floor covering could not be installed due to the nationwide lockdown in many places in Egypt, and unfortunately, like any other market, we could not shift the floor covering market online. As a result, the floor-covering market suffered from this disadvantage.
The carpet and rug part of the market is becoming more important as the desire for nice interiors grows. The latest trends and fashions are inspiring manufacturers to spend more time creating designer carpets and ceramic tiles. Customizing floor coverings for different rooms in the same house by using a combination of carpets and tiles or wood flooring, etc., is also gaining in significance in recent times.
Egypt Floor Covering Industry Segmentation
Floor covering is the top layer of flooring, the layer on which people walk, and is typically a quite decorative layer compared to the layer of flooring beneath. It includes carpets, laminate, tile, rugs, and vinyl.
The Egypt Floor Covering Market Is Segmented By Product (Carpet And Area Rugs, Resilient Flooring, And Non-Resilient Flooring), By End-User (Residential, Commercial, And Builders), And By Distribution Channel (Home Centers, Flagship Stores, Specialty Stores, Online Stores, And Other Distribution Channels). The Report Offers Market Size And Forecasts For The Egypt Floor Covering Market In Terms Of Volume (Number Of Products) And Value (USD) For All The Above Segments.
By Product | |
Carpet and Area Rugs | |
Resilent Flooring | |
Non-Resilent Flooring |
By End-User | |
Residential | |
Commercial | |
Builder |
By Distribution Channel | |
Home Centers | |
Flagship Stores | |
Specialty Stores | |
Online | |
Other Distribution Channels |
Egypt Floor Covering Market Size Summary
The Egypt floor covering market is experiencing significant growth, driven by the expansion of the construction industry and urban development initiatives, particularly in Cairo. The demand for aesthetically pleasing and high-quality interior spaces is propelling the market forward, with a notable increase in the popularity of carpets, rugs, and ceramic tiles. The domestic production of ceramic tiles has surged, positioning Egypt as a leading manufacturer globally, with a substantial portion of its production consumed locally and a portion exported to countries like Italy and Spain. The market is also witnessing a shift towards eco-friendly manufacturing processes, as technological advancements and the use of sustainable materials aim to reduce waste and environmental impact.
The COVID-19 pandemic posed challenges to the market, disrupting installation processes due to lockdowns and hindering the transition to online sales. However, the market is rebounding, with manufacturers focusing on enhancing production capacities and innovating products that promote health and well-being. The carpet and rug segment, in particular, is seeing continuous revenue growth, with manufacturers adopting a holistic approach to design and production. Key players in the market are engaging in strategic expansions and mergers to enhance their product offerings and global presence. Initiatives by organizations like GAFI and developments such as the sale of stakes in Oriental Weavers highlight the dynamic nature of the market, as it adapts to evolving consumer preferences and technological advancements.
Egypt Floor Covering Market Size - Table of Contents
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1. MARKET DYNAMICS AND INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Industry Value Chain Analysis
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1.5 Industry Attractiveness - Porter's Five Forces Analysis
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1.5.1 Bargaining Power of Buyers
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1.5.2 Bargaining Power of Suppliers
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1.5.3 Threat of New Entrants
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1.5.4 Threat of Substitutes
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1.5.5 Intensity of Competitive Rivalry
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1.6 Insights of Technology Innovations in the Market
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1.7 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Product
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2.1.1 Carpet and Area Rugs
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2.1.2 Resilent Flooring
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2.1.3 Non-Resilent Flooring
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2.2 By End-User
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2.2.1 Residential
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2.2.2 Commercial
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2.2.3 Builder
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2.3 By Distribution Channel
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2.3.1 Home Centers
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2.3.2 Flagship Stores
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2.3.3 Specialty Stores
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2.3.4 Online
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2.3.5 Other Distribution Channels
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Egypt Floor Covering Market Size FAQs
How big is the Egypt Floor Covering Market?
The Egypt Floor Covering Market size is expected to reach USD 2.27 billion in 2024 and grow at a CAGR of 5.26% to reach USD 2.94 billion by 2029.
What is the current Egypt Floor Covering Market size?
In 2024, the Egypt Floor Covering Market size is expected to reach USD 2.27 billion.