The Middle East Flooring And Carpet landscape was valued at USD 9,432.1 million in 2022. By the end of 2023, the industry is likely to reach a valuation of USD 10,169.2 million. During the forecast period, sales of flooring and carpet products in the Middle East is expected to rise at a 7.8% CAGR to reach USD 21,521.3 million by 2033.
Attributes | Details |
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Estimated Value in 2022 | USD 9,432.1 million |
Expected Value in 2023 | USD 10,169.2 million |
Expected Value in 2033 | USD 21,521.3 million |
Value based CAGR from 2023 to 2033 | 7.8% |
Key Industry Trends and Highlights
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Report Attributes | Details |
---|---|
Market value in 2022 | USD 9,432.1 million |
It is anticipated that the growing use of machine made laminates, carpets, rugs, and other flooring options will open up new expansion prospects. The market expansion for carpet and flooring is anticipated to be supported by the growing need for cutting edge flooring solutions. The need for residential structures is being created by the growing population, which is expected to support the expansion of the flooring and carpet markets.
The scope for flooring and carpet product sales in the Middle East is anticipated to be supported by the increasing popularity of carpet tiles and luxury goods in commercial areas. It is anticipated that the increasing consumer preference for attractive flooring options and interior design for their homes will propel market expansion. The Middle East is known for having access to sophisticated and aesthetically pleasing flooring options.
The table below lists the top five nations expected to experience prominent growth during the forecast period. Qatar and Saudi Arabia are predicted to have the maximum development among these nations.
Forecast CAGRs from 2023 to 2033
Countries | CAGR from 2023 to 2033 |
---|---|
Saudi Arabia | 9% |
The UAE | 8.1% |
Qatar | 9.4% |
Oman | 4.9% |
Kuwait | 8.7% |
Saudi Arabia is likely to garner a 9% CAGR during the forecast period. There is a huge construction boom going on in Saudi Arabia, with a lot of infrastructural, business, and residential projects under progress. These developments span a variety of commercial centers to megacities such as Neom. The demand for premium carpets and flooring materials rises as construction projects get bigger.
Developers and contractors look for long lasting, visually beautiful solutions to meet the various requirements of these projects.
The population of the nation is rapidly urbanizing, with more people living in major cities like Riyadh as well as Jeddah. Modernization of residential and commercial areas is prioritized alongside urbanization. The need for flooring and carpet solutions that match modern interior design trends is growing among consumers and companies.
Sales of flooring accessories and carpets in the UAE are poised to expand at an 8.1% CAGR from 2023 to 2033. The United Arab Emirates is widely recognized for its thriving tourist and hospitality sector, featuring opulent resorts, hotels, and commercial assets. Superior carpeting and flooring are always required to maintain a high level of comfort and elegance for visitors and locals. Using high quality materials is crucial to designing warm and attractive spaces.
Expo 2020 was held in the United Arab Emirates, and it was a major international event that encouraged infrastructure development and building projects. Large scale facilities are needed for these kinds of events, and many of these require excellent carpet and flooring options. The UAE is also well known for holding a lot of shows and events, which fuels demand for carpeting and flooring.
Qatar is expected to emerge as an important contributor to the flooring and carpet landscape of the Middle East. It is poised to develop at a 9.4% CAGR during the forecast period. The 2022 FIFA World Cup was held in Qatar, which sparked a boom in building projects including stadiums, lodging, and transportation. To create comfortable and safe spaces for guests, a lot of flooring and carpeting materials must be used in these construction projects.
In Qatar, environmentally friendly and sustainable building methods are highly valued. Because of this, there is an increasing need for environmentally friendly green flooring options that support the regional sustainability goals. Flooring materials that fit these requirements are in great demand.
Oman is likely to expand with a 4.9% CAGR from 2023 to 2033. The real estate market in Oman is expanding, and both residential and commercial developments are rising. The need for dependable and aesthetically pleasing flooring and carpeting goods is fueled by the growth of residential and commercial buildings.
Its tourist sector is booming, and the country has more and more leisure and recreational options. These types of companies need flooring options that are both aesthetically pleasing and long lasting, able to endure heavy foot traffic while fostering welcoming environments that enhance the allure of the regional tourism spots.
Kuwait is poised to expand with an 8.7% CAGR during the forecast period. Kuwait is concentrating on modernizing and renovating its existing buildings, particularly in its residential and commercial districts. There is a demand for new carpet and flooring as a result of these efforts to improve and repair houses. Companies and property owners look for modern, useful ways to refresh their areas.
The construction of hotels, restaurants, and office buildings is contributing to the growth of regional hospitality and commercial sectors. To create opulent and useful spaces, premium flooring options are essential. There is an increased need for high quality carpet and flooring materials.
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The table below highlights how carpets are projected to take up a significant global market share by product type. The residential application segment is likely to garner the dominant market share in 2023.
Category | Revenue Share in 2023 |
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Carpets by Product Type | 32.9% |
Residential Application | 35.2% |
The carpets segment is expected to acquire a revenue share of 32.9% in 2023. In the Middle East, carpets have a significant cultural value. They are frequently utilized to improve the appearance of residences and commercial buildings, define and adorn rooms, and offer comfort. Carpets are a popular choice as a result of the cultural emphasis on creating pleasant places in the region and being hospitable.
Warmth and insulation from carpets are particularly beneficial in the diverse environment of the Middle East. Carpets are a versatile and useful flooring option since they keep interiors cool in hot desert locations and offer comfort and protection against cold floors in the winter.
Based on application, the residential segment is anticipated to take up a significant share. In 2023, the segment acquired 35.2% of the Middle East flooring and carpet revenue share.
There are many different types of climates in the Middle East, including hot, dry deserts. Carpets and flooring options provide comfort as well as insulation. They are a sensible option for residential areas since they keep interiors cooler in arid regions and offer warmth and insulation against cold flooring in the winter.
Middle Eastern interior design heavily relies on carpets and flooring options. They are prized for their capacity to improve aesthetics and design hospitable, culturally diverse homes. The area has a long standing custom of adorning homes with elaborate carpet patterns and warm flooring materials to convey a feeling of coziness and warmth.
Flooring and carpet manufacturers are cautiously broadening their product offers to cater to the diverse demands of their Middle Eastern clientele. It involves introducing a wider range of flooring types, patterns, and styles. Businesses can appeal to a variety of market segments, including residential and commercial locations as well as the industrial and hospitality industries, by providing a wide range.
To cater to distinct use cases and aesthetic preferences, they may offer a variety of flooring solutions such as hardwood, carpet tiles, laminate, ceramic, vinyl, and others. This tactic draws in more consumers by positioning these businesses as one-stop shops for all flooring needs in addition to increasing revenue shares.
Some of the prominent developments by the important companies in this domain are provided below.
Company | Key Developments |
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Beaulieu International Group |
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RAK Ceramics |
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Attribute | Details |
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Estimated Industry Size in 2023 | USD 10,169.2 million |
Projected Industry Size in 2033 | USD 21,521.3 million |
Anticipated CAGR from 2023 to 2033 | 7.8% |
Historical Analysis of Demand for Flooring and Carpet in the Middle East | 2018 to 2022 |
Demand Forecast for Flooring and Carpet in the Middle East | 2023 to 2033 |
Report Coverage | Industry Size, Industry Trends, Analysis of key factors influencing Flooring and Carpet adoption in the Middle East, Insights on Global Players and their Industry Strategy in the Middle East, Ecosystem Analysis of Manufacturers in the Middle East |
Key Countries Analyzed while Studying Opportunities in Flooring and Carpet in the Middle East | Saudi Arabia, United Arab Emirates, Egypt, Turkey, Iran, Qatar, Oman, Kuwait, Bahrain, Jordan, Rest of the Middle East |
Key Companies Profiled | 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 global Middle East flooring and carpet landscape is expected to reach USD 10,169.2 million by 2023.
The global Middle East flooring and carpet space is set to expand by a CAGR of 7.8% by 2033.
The global Middle East flooring and carpet industry is forecast to reach USD 21,521.3 million by 2033.
The carpets are projected to attain a 32.9% share in 2023.
The residential segment is likely to acquire a 35.2% share in 2023.
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