The GCC flooring market was worth US$ 11.3 Billion in 2018. The market is further projected to reach a value of US$ 17.2 Billion by 2024, at a CAGR of 7.3% during 2019-2024. Flooring refers to a layer of finished material used to cover a floor structure in order to provide a levelled surface. Vinyl sheets, ceramic tiles, rubber, natural stone, wood, and carpets and rugs are the most common type of flooring materials. These materials are selected on the basis of various factors, such as noise insulation, cleaning effort, comfort, endurance and cost. In the GCC region, the widespread refurbishment and new building projects have boosted the demand for flooring.
GCC Flooring Market Drivers:
On the basis of segment, the market has been segmented into hard and soft flooring. Amongst these, hard flooring, including ceramic tiles, mosaic tiles, vitrified tiles, marbles and granite, represents the leading segment in the GCC flooring market.
Product Type Insights:
Based on the product type, tile flooring represents the most popular segment, accounting for the majority of the total share. Other major product types include stone flooring, wood and laminate flooring, and carpet flooring.
On the basis of end-use, the market has been segregated as commercial and residential sectors. Currently, the commercial sector dominates the GCC flooring market, holding the major share.
On a geographical front, the UAE enjoys the leading position in the GCC flooring market due to widespread construction projects in the region. Other major regions are Saudi Arabia, Qatar, Oman, Bahrain and Kuwait.
The GCC flooring market is concentrated in nature with the presence of a handful of players who compete in terms of prices and quality. Some of the leading players operating in the market are:
This report provides a deep insight into the GCC flooring industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a flooring tile manufacturing plant. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the flooring industry in any manner.
Key Questions Answered in This Report:
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