Saudi Arabia Floor Covering Market | Growth, Trends, and Forecast (2019

Market Snapshot

Study Period:

2015-2024

Base Year:

2018

CAGR:

Key Players:

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Market Overview

The Saudi Arabian floor covering market is expected to register a CAGR of 8% during the forecast period. Industrial development fuelled by huge investments made by the government plays a crucial role in the growth of the flooring industry, as all industrial facilities need fit-for-purpose flooring.

The increased focus on green buildings, coupled with rising usage of eco-friendly flooring products in Saudi Arabia, is stimulating the demand for floorings manufactured from recycled raw materials.
Technological advancements in the flooring industry have resulted in improved product features, such as digitally printed tile designs, availability of a wide variety of colors, and enhanced water resistance, in turn, propelling the growth of the market studied.
The country is one of the largest countries, which are importing ceramic tiles. Moreover, the increasing focus of domestic companies toward expanding their operations and technological developments, such as the use of digital printing technology, is expected to positively influence the country's flooring industry.

Scope of the Report

A complete background analysis of the Saudi Arabian floor covering market, which includes an assessment of the parental market, emerging trends by segments and regional markets, and significant changes in market dynamics and market overview, is covered in the report.

By Type

Carpet and Area Rugs

Non Resilient Flooring
	Wood Flooring
	Ceramic Floor and Wall Tile
	Laminate Flooring
	Stone Flooring

Resilient Flooring
	Vinylsheet and Floor Tlie
	Other Resilent Flooring

By Distribution Channel
		Contractors
		Specialty Stores
		Home Centers
		Others

By End-User
		Residential Replacement
		Commercial
		Builder

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Key Market Trends

Ceramic Tiles Segment

In the ceramic segment, Saudi Arabia held the largest share in the global market in 2017, accounting for around 34% share. It was followed by the UAE and Qatar, respectively. Saudi Arabia may dominate the global market during the forecast period.

Several construction activities are going on in the country. The hospitality industry in the country is emerging significantly. Thus, the government is spending more on construction activities. The expanding hospitality industry may need the construction of new travel facilities, such as airports, railways, and roadways, or remodeling of the existing facilities.

The GCC’s demand for high-value ceramic tile is met through imports, primarily from Europe, China, and India. The UAE, Saudi Arabia, and Qatar are the three largest users and importers of premium and luxury ceramic tiles. These three countries imported about 62%, 68%, and 100% of their ceramic tiles demand in 2016.

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Carpet Segment

Increasing end-user applications and product and process innovations in the carpet designs and technologies are the identified market opportunities in the country.
Increasing demand in the end-user industries, growth in the automotive industry, and increasing popularity of artificial grass in sports fields and other outdoor applications are the factors expected to fuel the growth of the Middle Eastern flooring and carpet market during the forecast period.
Increase in investments in the construction sector is another factor, which served as a major growth driver for the flooring market in the country.
Among application type segments, the residential segment is expected to dominate the market, in terms of revenue share. Hospitality and automotive application segments are expected to register a comparatively higher growth rate than other application segments during the forecast period.
In the global market, Saudi Arabia accounted for a revenue share of 32% in 2016.

Competitive Landscape

The report covers major international players operating in the Saudi Arabian floor covering market. In terms of market share, some of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.

Major Players

* Complete list of players covered available in the table of contents below

1. INTRODUCTION
1. 1.1 Key Deliverables of the Study
2. 1.2 Study Assumptions
3. 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
1. 4.1 Market Overview
2. 4.2 Drivers
3. 4.3 Restraints
4. 4.4 Trends in the Saudi Arabian Floor Covering Market
5. 4.5 Value Chain Analysis of the Saudi Arabian Floor Covering Market
6. 4.6 Porter's Five Forces Analysis
7. 4.7 Technological Innovations
5. MARKET SEGMENTATION
1. 5.1 By Type
  1. 5.1.1 Carpet and Area Rugs
  2. 5.1.2 Non Resilient Flooring
    1. 5.1.2.1 Wood Flooring
    2. 5.1.2.2 Ceramic Floor and Wall Tile
    3. 5.1.2.3 Laminate Flooring
    4. 5.1.2.4 Stone Flooring
  3. 5.1.3 Resilient Flooring
    1. 5.1.3.1 Vinylsheet and Floor Tlie
    2. 5.1.3.2 Other Resilent Flooring
2. 5.2 By Distribution Channel
  1. 5.2.1 Contractors
  2. 5.2.2 Specialty Stores
  3. 5.2.3 Home Centers
  4. 5.2.4 Others
3. 5.3 By End-User
  1. 5.3.1 Residential Replacement
  2. 5.3.2 Commercial
  3. 5.3.3 Builder
6. COMPETITIVE LANDSCAPE
1. 6.1 Company Profiles
  1. 6.1.1 Saudi Arabian Markets Ltd
  2. 6.1.2 Prime Floor KSA
  3. 6.1.3 Arabian Tile Company Ltd
  4. 6.1.4 Saudi Industrial Flooring Co.
  5. 6.1.5 Saudi Ceramics
  6. 6.1.6 RAK Ceramics
  7. 6.1.7 Mohawk Industries Inc.
  8. 6.1.8 Shaw Industries Group Inc.
  9. 6.1.9 Armstrong Flooring
  10. 6.1.10 Gerflor Group
  11. 6.1.11 Khalid Saad
  12. 6.1.12 Home Depot Inc.*
7. OPPORTUNITIES AND FUTURE OF THE MARKET
8. DISCLAIMER