Market Trends of GCC Floor Covering Industry
Tile Flooring Dominating the GCC Market of Flooring Products
Non-resilient flooring represents the more significant segment of the floor covering the market in the GCC region. Tile flooring is the largest segment of flooring products in the region. Increasing focus on residential development and inclination toward high-quality products will drive the demand for tiles.
Ceramic tiles have been the most preferred flooring product in the region because of their durability, various design options, and customization possibilities, and also, low costs, better aesthetics, and value-add properties, such as easy to sterilize and moisture-, fire-, and scratch-resistant products. Tiles have a greater shelf-life, and the installation cost of the tiles is one-third of the installation cost of stones. Moreover, the maintenance cost of tiles is also low compared to wood and stones. Thus, combining both the installation and maintenance factors, Tilea is the most preferred flooring product in the region.
Commercial Sector has Major use of Flooring Products in the GCC Region
The development of infrastructure and government policy of spending to develop the retail, hospitality, and commercial segment are significantly leading to the demand for flooring products in the GCC region. The demand for quality and luxury flooring products is high in the sector, as many visitors and people are visiting commercially developed places, such as malls and parks, where flooring option gives aesthetic design to the environment.
The rising tourism and pilgrimage in the Kingdom of Saudi Arabia, growth in domestic leisure demand, and activities, such as conferences and meetings, are expected to increase the demand for carpets, stones, wood, and other flooring products in the region. The hospitality market is moving more toward wood flooring and wood-effect vinyl flooring.
