SAUDI ARABIA FLOOR COVERING MARKET - GROWTH, TRENDS, AND FORECAST (2019-2024)

The market is segmented by the Type and Application.

Market Snapshot

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Study Period:

2015-2024

Base Year:

2018

CAGR:

The Saudi Arabia floor covering market is expected to increase by CAGR of 8% for the forecast period.

Key Players:

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Market Overview

Industrial development fuelled by huge investments made by the governments plays a crucial role in the growth of the flooring industry as all industrial facilities need fit-for-purpose flooring.

  • The increased focus on green buildings coupled with growing usage of eco-friendly flooring products in Saudi Arabia is stimulating the demand for floorings manufactured from recycled raw materials.
  • Technological advancements in the flooring industry have resulted in improved product features such as digitally printed tile designs, availability of a wide variety of colors, enhanced water resistance, in turn, propelling the growth of the market.
  • The country is one of the larger countries which are importing ceramic tiles. Moreover, increasing the focus of domestic companies towards expanding their operations and technology developments such as the use of digital printing technology is expected to positively influence the country's flooring industry.

Scope of the Report

A complete background analysis of the Saudi Arabia Floor Covering Market, which includes an assessment of the parental market, emerging trends by segments and regional markets, Significant changes in market dynamics and market overview is covered in the report.

By Type
Carpet and Area Rugs
Wood Flooring
Ceramic Tile
Laminate Flooring
Vinylsheet
Stone Flooring
Others
By Application
Residential Replacement
Commercial
Industrial

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Key Market Trends

Ceramic Tiles Segment

Saudi Arabia held the largest share of the market in 2017, accounting for close to 34% share. It was followed by the UAE and Qatar respectively. Saudi Arabia will dominate the global market throughout the forecast period.

Several construction activities are ongoing in the country. The hospitality industry in the country is emerging significantly. Thus, the government is spending more on construction activities. The expanding hospitality industry will need the construction of new travel facilities such as airports, railways, and roadways or remodeling of the existing facilities.

The GCC’s demand for high-value ceramic tile is met through imports, primarily from Europe, China, and India. UAE, Saudi Arabia, and Qatar are the three largest users and importers of premium and luxury ceramic tiles. These three countries imported about 62%, 68% and 100% of their ceramic tiles demand in 2016.

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To understand key trends, Download Sample Report

Carpet Segment

  • Increasing end-user applications and product and process innovations in the carpet designs and technologies are the identified market opportunities in the country.
  • Increasing demand in end-use industries such as growth in the automotive industry and increasing the popularity of artificial grass in sports fields and other outdoor applications are the factors expected to fuel the growth of Middle East flooring and carpet market over the forecast period.
  • Increasing investments in the construction sector is another factor served as another major growth driver for the carpet market in the country.
  • Amongst application type segments, residential segment is expected to dominate the market in terms of revenue share. Hospitality and Automotive application segments are expected to register a comparatively higher growth rate than other application segments over the forecast period.
  • Saudi Arabia is estimated to account for a majority in terms of revenue share at 32% in 2016.
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Competitive Landscape

The report covers major international players operating in the Saudi Arabia Floor Covering Market. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.

Major Players

  1. Saudi Ceramic
  2. Prime Floor KSA
  3. RAK ceramics
  4. Arabian Tile Company Ltd
  5. Saudi Industrial Flooring Co.

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Key Deliverables of the Study

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS AND DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Drivers

    3. 4.3 Restraints

    4. 4.4 Challenges

    5. 4.5 Trends in the Saudi Arabia Floor Covering Market

    6. 4.6 Value Chain Analysis of the Saudi Arabia Floor Covering Market

    7. 4.7 Porter's Five Forces Analysis

    8. 4.8 E-commerce Impact on the Market

    9. 4.9 Technological Innovations

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Carpet and Area Rugs

      2. 5.1.2 Wood Flooring

      3. 5.1.3 Ceramic Tile

      4. 5.1.4 Laminate Flooring

      5. 5.1.5 Vinylsheet

      6. 5.1.6 Stone Flooring

      7. 5.1.7 Others

    2. 5.2 By Application

      1. 5.2.1 Residential Replacement

      2. 5.2.2 Commercial

      3. 5.2.3 Industrial

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Local Players

      1. 6.1.1 Saudi Arabian Markets Ltd

      2. 6.1.2 Prime Floor KSA

      3. 6.1.3 Arabian Tile Company Ltd

      4. 6.1.4 Saudi Industrial Flooring Co.

      5. 6.1.5 Saudi Ceramics

      6. 6.1.6 RAK ceramics

    2. 6.2 International Players

      1. 6.2.1 Mohawk Industries, Inc.

      2. 6.2.2 Shaw Industries Group, Inc

      3. 6.2.3 Armstrong Flooring

      4. 6.2.4 Interface, Inc.

      5. 6.2.5 Home Depot Inc*

  7. 7. INVESTMENT ANALYSIS ON THE SAUDI ARABIA FLOOR COVERING MARKET

  8. 8. OPPORTUNITIES AND FUTURE OF THE MARKET

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