Over the projected period (2021-2028), the Middle East Flooring and Carpet Market is anticipated to grow at a CAGR of 5.3%, reaching an estimated market value of US$ 7,886.10 million in 2021.
The expansion of the Middle Eastern flooring and carpet market is anticipated to be driven by increase in the building industry as a result of expanding residential and commercial spaces. Another significant element boosting the market growth for flooring and carpet is the Middle Eastern government's growing investment in the construction sector. It is also anticipated that changing consumer lifestyles brought on by rising disposable income will accelerate the expansion of the flooring and carpet sector.
Due to the Middle East government's rising investment in the development of airport infrastructure, the airport is undergoing modernisation, which is boosting the market growth for flooring and carpet.
Leading Companies in the Middle East Flooring and Carpet Industry:
1. Mohawk Industries: Among the many flooring goods produced by Mohawk Industries Inc. are carpets, rugs, ceramic tile, laminate, wood, luxury vinyl tile, and vinyl flooring. Flooring NA, Global Ceramic, and Flooring ROW are some of its operating segments. The Global Ceramic division is where the corporation makes the most money. Geographically, the United States is where it gets the majority of its income. Built in 1874. The most recent acquisitions include Foss Floors (Jul 2022) and Elizabeth Coatings (Nov 2022), as well as Elizabeth Revestimentos (Nov 2022).
- Interface Middle East: Carpet tile is a product that Interface Inc designs, makes, and sells. Rubber flooring and Luxury Vinyl tiles are also available. Government, education, healthcare, hospitality, and noncorporate office markets are among the industries that the company mainly targets. The Americas, Europe, and Asia-Pacific are among its geographical divisions. Established in 1973. U.S.-based Zip Co Limited (ASX: Z1P) ("Zip" or the "Company") is pleased to announce that it has agreed to acquire the remaining shares of European "Buy Now Pay Later" ("BNPL") provider Twisto Payments a.s. ("Twisto") and has also agreed to acquire the remaining shares of UAE-based Spotii Holdings Ltd ("Spotii"), the market's top provider of BNPL.
3. Beaulieu Flooring: Manufacturer serving the residential and commercial markets with raw materials, intermediary products, and floor coverings. The business enables customers to obtain the necessary materials for more sales by providing floor coverings, polypropylene granules, and engineered products such carpet, needle felt, fake grass, cushion vinyl, wood floor coverings, upholstery fabrics, and bath sets. Established in 1959. Headquarters in Belgium's Waregem.
4. Balta Group: proprietor and manager of an insurance firm. The business provides private individuals and corporations with building, property, livestock, driver, and passenger insurance products. Created in 1992. Head office in Latvia. Victoria Plc completes the acquisition of Belgian flooring business Balta Group.
5. Shaw Industries Group, Inc: Carpet and floor covering product manufacturers and distributors serving international residential and commercial markets. The business sells artificial grass as well as carpet, resilient, hardwood, laminate, tile, and stone flooring. Created in 1967. United States headquarters. Watershed Solar's acquisition by Shaw Industries has been announced.
6. Al Sorayai Group (Saudi Arabia): In addition to providing commercial services, Naseej International Trading Co. is involved in the import, export, wholesale, and retail trade of carpets and rugs, flooring, furniture and accessories, antiques, office furniture, kitchens, blankets, bed sheets, curtain fabrics, and accessories. They also produce industrial yarn made of polypropylene, nylon, processed polypropylene, processed nylon (polyamide), and processed polypropylene (PPT), as well as carpet tufting. Created in 1953. Saudi Arabia is the headquarters. Software purchases made by the Al-Sorayai Group and initiatives for digital transformation
7. Abdullatif Carpets (Saudi Arabia): Carpets are produced and sold by Al Abdullatif Industrial Investment Co. The business sells tufted carpets, including those made of polyester, nylon, polypropylene, acrylic, and other materials. Carpets, Rugs, and Other Related Products and Blankets make up the company's operating segment. Born in 1981. Saudi Arabia is the headquarters.
Definition: A carpet is a textile floor covering typically consisting of an upper layer of pile attached to a backing.
