Market Size of GCC Floor Covering Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 11.03 Billion |
| Market Size (2029) | USD 20.48 Billion |
| CAGR (2024 - 2029) | > 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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GCC Floor Covering Market Analysis
The GCC Floor Covering Market size is estimated at USD 11.03 billion in 2024, and is expected to reach USD 20.48 billion by 2029, growing at a CAGR of greater than 5% during the forecast period (2024-2029).
The outbreak of the COVID-19 pandemic significantly impacted the GCC (Gulf Cooperation Council) floor-covering market, as it has on many other industries worldwide. The pandemic led to slow construction activity and decreased demand for floor coverings in the GCC region. However, the impact varied depending on the type of flooring product and the end-use application. The demand for residential flooring decreased during the pandemic due to economic uncertainty and the halt in construction activity. However, the demand for healthcare flooring increased due to the need for hygienic and easy-to-clean surfaces in healthcare facilities.
The GCC countries are experiencing growth as they focus on enhanced sustainable growth and development of non-oil economies. The diversification of its economy, the role of the private sector, and the development of infrastructure and construction are further leading to the demand for flooring products to improve the interiors of commercial and residential spaces. The results have also led to the renovation of existing infrastructures and the construction of buildings, which, in turn, is expected to drive the demand for various flooring products within the region. The GCC market is driven by development across sectors such as office, retail, residential, and hospitality. Upcoming global events such as FIFA World Cup 2022 and Dubai Expo will likely increase the demand for quality flooring in the region. Other factors, such as the development of the tourism sector and economic cities, along with the construction of high-rise buildings, may propel the flooring market in the GCC region.
Technological advancements and innovation have resulted in a better quality of flooring products in the GCC region market, which resulted in improved design, features, and increased shelf-life of products. The tile floor has seen enormous advancements, such as the introduction of nanotechnology to improve tile strength and antibacterial and dirt resistance tiles. The flooring product is also envisioning the use of Sensor technology embedded in flooring products in the elderly care and healthcare segment. Vinyls embedded with LED technology are another niche trend in the market.
