Middle East Flooring and Carpet Market To Surpass US$ 14.55 Bn By 2030

Middle East flooring and carpet market was valued at US$ 8.33 Billion in 2022, exhibiting a CAGR of 7.2% in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 14.55 Billion by 2030.

Middle East Flooring and Carpet Market, By Product Type (Carpets, Rugs, Artificial Grass, Carpet Tiles, Vinyl Flooring, & Laminate Parquet Flooring), By Material Type (Polypropylene, Nylon, Polyester, & Others), By Application (Residential, Commercial offices, Retail, Hospitality, Healthcare and Hospitals, Education Institutes, Automotive, Industrial, & Others), By Regions (GCC, Levant) - Size, Share, Outlook, and Opportunity Analysis, 2023 – 2030

Middle East Flooring and Carpet Market- Driver

A shift towards urbanization and increased population

During the forecast period, the flooring and carpet materials market is expected to grow as a result of two major factors: rapid urbanization and a rising population. The market for flooring and carpet materials is also anticipated to expand as a result of the rise in remodeling and renovation projects as well as the quickening of industrialization.

Middle East Flooring and Carpet Market- Opportunities

Increasing innovation of products and technology

Product and technology innovation by the manufacturer in the Middle East region is expected to serve major growth opportunities for the market of flooring and carpet. Increasing use of biodegradable materials such as polylactic acid (PLA) fiber type due to growing environmental concerns is also expected to foster the market growth of flooring and carpet. Moreover, the increasing focus of the manufacturer to introduce customized flooring products is further expected to propel the market growth of flooring and carpet. Retail outlets expansion by the manufacturer in the region for widening distributing channel is also expected to foster the market growth of the flooring and carpet. All these factors are expected to fuel market growth over the forecast period.

Middle East Flooring and Carpet Market- Restraints

Waste disposal and recycling of materials

Environmental concerns associated with the waste disposal and recycling of materials of flooring and carpets is expected to hamper the market growth of flooring and carpet. Moreover, the limited availability of landfill sites is again hampering the waste disposal initiatives, hence hindering the market growth of flooring and carpet.

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Key Takeaways:

On the basis of countries, Saudi Arabia is expected to grow at the fastest rate during the forecast period of Middle East flooring and carpet market.

On the basis of product type, carpets segment dominated the Middle East flooring and carpet market with around 34% of the market share in terms of revenue in 2022, followed by rugs and carpet tiles, respectively.

Middle East Flooring and Carpet Market- Trends

Growing demand for synthetic fibers

Increasing adoption of synthetic fibers in the market in order to meet the growing demand is expected to be a major trend in the market. The introduction of synthetic fibers such as olefins, polypropylene and polyethylene terephthalate (polyester), and acrylic that is high-performance materials are expected to propel the market growth of the flooring and carpet. Thus growing use of synthetic fibers is expected to propel the market growth of flooring and carpet.

Rapid rise in the renovation of residential buildings

Increasing renovation of residential buildings coupled with the growing demand for the lavish product due to the improving standard of living of consumers is expected to augment the market growth of the Middle East flooring and carpet market. The growing demand for carpets and rugs from the educational and corporate sectors due to increasing investment by the government in the region for improving the interior of the space is further expected to augment the market growth of Middle East flooring and carpet.

Middle East Flooring and Carpet Market - Impact of Coronavirus (Covid-19) Pandemic

The Covid-19 outbreak has had an adverse impact on various industries around the globe. Due to the strict rules and regulations undertaken by the government to curb the spread of the infection, companies are looking to function remotely. Moreover, various companies are looking to implement strict measures to operate at minimum risks. Additionally, various companies had shutdowns their manufacturing units which had an adverse impact on Middle East Flooring and Carpet market.

Middle East Flooring and Carpet Market-Competitive Section

Middle East Countries Players