The Global Middle East Flooring And Carpet Market is estimated to be valued at US$ 8.93 Bn in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Flooring and carpets are essential components of residential and commercial infrastructure in the Middle East. They provide comfort, warmth, and aesthetics to living and working spaces. Flooring and carpets help enhance the décor and style of interiors. Their demand is rising with growth in construction activities and real estate development projects in the region.
Market key trends:
Flooring and carpets require routine cleaning and maintenance to retain their quality and look new for longer durations. The flooring and carpet cleaning services market is growing at a fast pace as more property owners and facility managers recognize the need for professional cleaning. Cleaning helps remove dirt, dust, allergens, and stains to extend the lifespan of flooring materials. It also improves indoor air quality. Companies are offering specialized cleaning packages for different flooring types used in homes, offices, hotels, hospitals etc. along with value-added services like disinfection. Deployment of advanced equipment and green cleaning chemicals is gaining traction in this space.
Segment Analysis
The Middle East flooring and carpet market is dominated by area and broadloom carpets. Area carpets refer to carpets that are not permanently fixed or attached to the floor but can be moved, stored, or replaced to update the decoration of a room. They are easy to install and replace and hence are highly preferred for both residential and commercial spaces in the Middle East region. Broadloom carpets are produced in wide rolls to cover large floor areas without seams and thus are mostly used in commercial spaces such as offices, airports, hotels, etc.
Key Takeaways
The Global Middle East Flooring And Carpet Market Share is expected to witness high growth, exhibiting a CAGR of 7.2% over the forecast period, due to increasing infrastructure development and construction activities in the region.
Regional analysis
The GCC countries dominate the Middle East flooring and carpet market led by Saudi Arabia. Rising urbanization and increasing government investment in infrastructure development projects are driving the demand for flooring and carpet products in the GCC region. Further, intense renovation in hospitality and commercial sectors also contributes to the growth of the market.
Key players
Key players operating in the Middle East flooring and carpet market are Al Sorayai Group (Saudi Arabia), Abdullatif Carpets (Saudi Arabia), Al Mira Carpet Factory (Saudi Arabia), Abu Dhabi National Carpet Factory (UAE), Mac Carpet (Egypt), Prado Egypt For Carpet (Egypt), Gheytaran Carpet (Iran), Oriental Weavers (Egypt), Standard Carpets Ind.LLC., Saida Carpets (Jordan), Dormina (Turkey), International Players (Mohawk Industries, Interface Middle East, Beaulieu Flooring, Tarkett S.A., Balta Group, and Shaw Industries Group, Inc.).
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