In 2022, the Middle East flooring and carpet market was valued at USD 9.43 billion, with projections indicating it will reach USD 10.17 billion by the close of 2023. Over the forecast period, the market is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.8%, ultimately reaching USD 21.52 billion by 2033.
The study delves deeply into the intricacies of Middle Eastern markets, presenting key statistics linked to market trends and consumer behavior. According to their analysis, the Middle Eastern flooring and carpet industry is set for significant growth in the forecasted period. With a rich heritage of weaving originating in this region, the market offers a diverse range of products. As the Middle East emerges as a prominent tourist destination, its real estate sector is also experiencing rapid expansion, further fueling the demand for flooring and carpets.
The report delves deep into the darkest corners of the markets spread across the Middle East and tables some very crucial and futuristic data which are close-knitted with the genetic behaviour of the market. The report says that the Middle East flooring and carpet market will grow manifold within the forecast period. Within the assessment period the market will shine and rise it will record more than 5% CAGR.
Key Industry Trends and Highlights
- Sales via Online Retail Stores: Flooring and carpet companies are increasingly investing in user-friendly websites and e-commerce systems to cater to the growing online consumer base.
- Personalization and Customization: Consumers are seeking unique carpeting and flooring options that reflect their personal style and brand identity, applicable in both residential and commercial settings.
- Innovative Flooring Solutions: The integration of technology into flooring solutions enhances functionality. Examples include embedded heating systems for added comfort, connectivity with lighting systems for ambiance control, and interactive design elements that respond to pressure or touch.
Key Players Are:
- Al Sorayai Group
- Abu Dhabi National Carpet Factory
- Mac Carpet
- Prado Egypt For Carpet
- Gheytaran Carpet
- Oriental Weavers
- Standard Carpets Ind. LLC.
- Saida Carpets
- Dormina
- Al Mira Carpet Factory
- Abdullatif Carpets
The major stakeholders of the market are steadily revamping their manufacturing policies to meet the elevated environment-friendly standards issued by the government. As per the application type, the market is fragmented into commercial, residential offices, hospital and healthcare, industrial application, automotive and retail. Several raw materials are used in this market and they are Polypropylene, polyester, other materials and nylon. The rise of the new luxury conscious customers, expanding the economy of the region and expanding demand for these products in educational institutes, hospitals and hospitality will drive the market forward in within the assessment period predicts the report.
Segment Analysis
- The nylon section will dominate more than 40% of the market share until the end of 2016 apart from this the other material segment of the market will also contribute significantly to the growth of the Middle East flooring and carpet market
- The residential segment will push the market ahead in 2016. The automotive application and hospitality segment will also show positive results in the assessment period
Key Segments Covered in the Middle East Flooring and Carpet Ecosystem
By Product Type:
- Carpets
- Tufting
- Woven
- Rugs
- Accent Rugs
- Area Rugs
- Others Rugs
- Artificial Grass
- Carpet Tiles
- Vinyl Flooring
- Laminate Parquet Flooring
By Material:
- Polypropylene
- Nylon
- Polyester
- Others
By Application:
- Residential
- Commercial offices
- Retail
- Hospitality
- Healthcare and Hospitals
- Education Institutes
- Automotive
- Industrial
- Others
By Country:
- Saudi Arabia
- The UAE
- Egypt
- Turkiye
- Iran
- Qatar
- Oman
- Kuwait
- Bahrain
- Jordan
- Rest of Middle East
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