GCC Vinyl Flooring Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | < 5.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
GCC Vinyl Flooring Market Analysis
COVID-19 has an impact on the vinyl flooring market in the GCC, as it does on all other markets. Due to the lockdown, many construction projects have been suspended, while others have been postponed. Due of this outbreak, offices, restaurants, and hotels were closed, leading to a negative impact of COVID 19 on the GCC vinyl flooring market.
The Vinyl Flooring market in GCC is growing rapidly with the strong construction sector performance with more than 15,500 construction projects ongoing in the region as of mid-2019. The demand for vinyl flooring is also driven by several renovation projects throughout the GCC which are contributing more than 5% per year across the flooring market. The UAE is leading the way in the GCC flooring market, with around 5,000 projects underway.
Introducing innovative solutions that have not previously been installed in the region, has become one of the major challenges for the market as adding decorative floors across the end-user segment is gaining more popularity, especially in hospitals and schools where the designs have to more creative with convenient to clean in order to offer hygienic flooring solutions. The manufacturers are coming up with solutions in a way to co-ordinate the technical advancements made in the modern vinyl tiles market. With the high number of advantages associated with luxury vinyl tiles such as extremely hard-wearing, easy to maintain, waterproof, and with endless design possibilities the market is forecasted to grow in the future period.
GCC Vinyl Flooring Market Trends
This section covers the major market trends shaping the GCC Vinyl Flooring Market according to our research experts:
Growing Demand for Own Houses is Forecasted to Drive the Market in Saudi Arabia
The number of housing development projects in Saudi Arabia is increasing with the growing population. In majority areas of KSA own house is an affordable entity for the high-income groups only as the price of a home is 30 times the average gross income of a person aged 25 to 29. According to Government statistics, in Saudi Arabia, only 60% of Saudi nationals own a house as per the 2017 census and this ratio is even low at 5% among non-Saudi nationals. In order to bridge the demand-supply gap, the Saudi Arabia Government is investing in low-cost affordable houses and is also encouraging private investments in the housing segment.
Commercial End-User Segment is Dominating the Market
With the rising tourism and pilgrimage activities in the holy cities of Mecca and Madinah, the hospitality industry is expanding in order to accommodate the growing number of pilgrims and resulted in growth in domestic leisure demand, Meetings, Incentives, Conferences and Exhibitions (MICE). An increase in domestic tourism is also expected to boost hotel construction and renovation in cities like Jeddah, Riyadh, Mecca, Madinah, and Greater Dammam. Riyadh is also expected to witness increased demand from the retail segment with plans of developing three large shopping malls.
GCC Vinyl Flooring Industry Overview
The report on the GCC vinyl flooring market covers the competitive landscape of key players operating in the region along with their key financials and recent developments. The market is forecasted to driven by rapid urban development and across all sectors of construction with the increasing residential and hospitality construction as well.
GCC Vinyl Flooring Market Leaders
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Dutco Tennant LLC
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Red Magma General Trading LLC
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Dubai vinyl flooring
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Fusion Floors Building materials Trading LLC
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Rosetta
*Disclaimer: Major Players sorted in no particular order
GCC Vinyl Flooring Market News
- In 2022, Dutco Tennant LLC introduces a new homogenous vinyl flooring with subtle designs, a wide color palette, excellent interior quality, shock resistance, and the best finish for easy maintenance.
- In 2022, TAIGA SPC FLOORING is a new product by Red Magma General Trading LLC. SPC Vinyl Flooring stands for stone plastic composite vinyl flooring. SPC vinyl is a manufactured luxury vinyl that blends limestone and stabilizer to form an exceptionally durable core, similar to WPC vinyl.
GCC Vinyl Flooring Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain / Supply Chain Analysis
4.5 Porters Five Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competitive Rivalry
4.6 Insights into Latest Technologies Used in the Industry
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Vinyl Sheet
5.1.2 Vinyl Composite Tile
5.1.3 Luxury Vinyl Tile
5.2 By Distribution Channel
5.2.1 Home Centers
5.2.2 Specialty Stores
5.2.3 Online
5.2.4 Other Distribution Channels
5.3 By End User
5.3.1 Residential
5.3.2 Commercial
5.4 By Country
5.4.1 UAE
5.4.2 Saudi Arabia
5.4.3 Kuwait
5.4.4 Oman
5.4.5 Qatar
5.4.6 Bahrain
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Dutco Tennant LLC
6.2.2 Fusion Floors Building materials Trading LLC
6.2.3 Red Magma General Trading LLC
6.2.4 Dubai vinyl flooring
6.2.5 Rosetta
6.2.6 Better Floors - Dubai
6.2.7 Vinyl Flooring
6.2.8 PVC Vinyl Flooring
6.2.9 Wetar
6.2.10 Dubai Flooring*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
GCC Vinyl Flooring Industry Segmentation
The report covers a complete background analysis of the GCC carpet and rugs market, which includes an assessment of the parental market, emerging trends in the segments and regional market, and significant changes in market dynamics and market overview. The report also offers qualitative and quantitative assessments, by analyzing the data gathered from industry analysts and market participants across various key points in the value chain. GCC Vinyl Flooring Market is segmented by Product (Vinyl Sheet, Vinyl Composite Tile, and Luxury Vinyl Tile), by End User (Residential, Commercial, and Builder), and by Distribution Channel (Home Centers, Specialty Stores, Online, and Other Distribution Channels), and by Country (UAE, Saudi Arabia, Qatar, Kuwait, Oman, Bahrain).
| By Product | |
| Vinyl Sheet | |
| Vinyl Composite Tile | |
| Luxury Vinyl Tile |
| By Distribution Channel | |
| Home Centers | |
| Specialty Stores | |
| Online | |
| Other Distribution Channels |
| By End User | |
| Residential | |
| Commercial |
| By Country | |
| UAE | |
| Saudi Arabia | |
| Kuwait | |
| Oman | |
| Qatar | |
| Bahrain |
GCC Vinyl Flooring Market Research FAQs
What is the current GCC Vinyl Flooring Market size?
The GCC Vinyl Flooring Market is projected to register a CAGR of less than 5.5% during the forecast period (2024-2029)
Who are the key players in GCC Vinyl Flooring Market?
Dutco Tennant LLC, Red Magma General Trading LLC, Dubai vinyl flooring, Fusion Floors Building materials Trading LLC and Rosetta are the major companies operating in the GCC Vinyl Flooring Market.
What years does this GCC Vinyl Flooring Market cover?
The report covers the GCC Vinyl Flooring Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the GCC Vinyl Flooring Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
GCC Vinyl Flooring Industry Report
Statistics for the 2024 GCC Vinyl Flooring market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. GCC Vinyl Flooring analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
