Saudi Arabia Floor Covering Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 272 Million |
| Market Size (2029) | USD 381.49 Million |
| CAGR (2024 - 2029) | 7.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Saudi Arabia Floor Covering Market Analysis
The Saudi Arabia Floor Covering Market size is estimated at USD 272 million in 2024, and is expected to reach USD 381.49 million by 2029, growing at a CAGR of greater than 7% during the forecast period (2024-2029).
Saudi Arabia stands as a prominent global importer of ceramic tiles, particularly for flooring. Flooring materials, pivotal in both indoor and outdoor spaces, are chosen based on factors like durability, maintenance, comfort, cost, and design aesthetic. This selection significantly influences a space's look, feel, and usability, making it a vital aspect of interior design and architecture.
- The Saudi Arabian flooring market thrives on a burgeoning construction sector driven by government investments in infrastructure and a robust real estate industry. As the nation aims to diversify its economy and reduce oil dependency, construction activities, including mega-projects, are on the rise, propelling the flooring market. Urbanization, population growth, and a surge in demand for residential buildings further bolster this sector.
- A penchant for luxurious and visually captivating flooring options is fueling the growth of high-end and innovative solutions.
- A growing emphasis on eco-friendliness and sustainability is reshaping the market landscape. Customers and companies alike are seeking environmentally conscious choices, a wider color palette, and improved water resistance.
- Technological strides in flooring materials, such as enhanced durability and easier installation, are capturing consumer attention and driving market expansion. The incorporation of digital technologies such as 3D printing and advanced manufacturing methods is facilitating customized flooring options to meet the changing tastes of consumers in Saudi Arabia. This technological leap has also led to notable product enhancements, such as digitally printed tile designs, further boosting the market's growth trajectory. Furthermore, the domestic flooring industry is witnessing a surge as local companies ramp up their efforts, embracing technologies like digital printing.
Saudi Arabia Floor Covering Market Trends
Rise in Construction Activities Propelling Growth
Saudi Arabia's construction sector is currently experiencing steady growth, resulting in heightened demand for floor-covering products. This rise can be attributed to increased investments in new housing projects and a surge in home renovation endeavors.
- Notably, the mounting construction activities and a rising focus on building enhancements and repairs are pivotal drivers of the market's growth.
- The tourism boom in the country is fueling hotel construction, exemplified by the Jeddah Central projects, which will feature 17,000 housing units and 2,700 hotel rooms.
- To address the housing shortage, the Saudi Arabian government aims to construct 3.0 million homes by 2025. Government-backed investments and initiatives have breathed new life into the real estate and other sectors.
In line with its "Vision 2030" agenda, Saudi Arabia has embarked on an ambitious economic diversification and liberalization program. Against this backdrop, the evolution of new buildings, hotel ventures, and infrastructure dynamics are expected to significantly drive the floor covering market's expansion in Saudi Arabia in the coming years.
Growing Urbanization and Disposable Income are Driving the Market
The floor covering market in Saudi Arabia is expected to grow due to a large number of consumers who are looking for quality products.
- The growth of the population and the increase in nuclear families are expected to lead to the growth of the floor-covering market over the forecast period.
- The increase in urban population, industrialization, growing consumer disposable income, and the government's Vision 2030 initiative have contributed to the market's healthy development.
- The increasing population has led to the need to upgrade the standard of living to higher capacities. Therefore, the demand for flooring products is increasing.
- Floor coverings, such as ceramic floor coverings, vinyl floor coverings, laminate floor coverings, wood floor coverings, and tile floor coverings, are needed for many places, such as living rooms, bedrooms, kitchens, and bathrooms in new home projects or restorations in metropolitan areas.
Commercial activities in Saudi Arabia are concentrated in the urban areas. Thus, the market is expected to experience growth in the near future.
Saudi Arabia Floor Covering Industry Overview
The Saudi Arabian floor covering market is fragmented with major players, including Saudi Ceramic, Prime Floor KSA, RAK Ceramics, Arabian Tile Company Ltd, and Saudi Industrial Flooring Co., among others. The players majorly compete on the basis of product quality and pricing. However, with technological advancement and product innovation, midsize to smaller companies are increasing their market presence by securing new contracts and tapping new markets.
Saudi Arabia Floor Covering Market Leaders
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Saudi Ceramic
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Prime Floor KSA
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RAK Ceramics
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Arabian Tile Company Ltd
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Saudi Industrial Flooring Co.
*Disclaimer: Major Players sorted in no particular order
Saudi Arabia Floor Covering Market News
- June 2023: Saudi Ceramics broadened its sales channels both domestically and internationally. With a network of 50 showrooms, the company established a strong presence within the country. It successfully exported products to over 80 countries worldwide, further expanding its global reach.
- April 2023: Surya declared the finalization of an agreement to acquire Global Views, a well-known distributor of home décor and accessories. This acquisition will allow Surya to further expand its presence in the upscale interior design market, enhancing its current range of home furnishings with a variety of new accent pieces and accessories.
Saudi Arabia Floor Covering Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Growth in the Construction Sector is Driving the Market
- 4.2.2 Rapid Industrialization and Commercial Expansion
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4.3 Market Restraints
- 4.3.1 Cost Sensitivity and Economic Volatility
- 4.3.2 Violatile Raw Material Prices
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4.4 Market Opportunities
- 4.4.1 Technological Advancement and Smart Flooring Solutions
- 4.4.2 The Expansion of Retail Outlets and Online Platforms
- 4.5 Industry Value Chain Analysis
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4.6 Industry Attractiveness - Porter's Five Forces Analysis
- 4.6.1 Bargaining Power of Buyers
- 4.6.2 Bargaining Power of Suppliers
- 4.6.3 Threat of New Entrants
- 4.6.4 Threat of Substitutes
- 4.6.5 Intensity of Competitive Rivalry
- 4.7 Insights into Technology Innovations in the Market
- 4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
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5.1 By Type
- 5.1.1 Carpet and Area Rugs
- 5.1.2 Non Resilient Flooring
- 5.1.2.1 Wood Flooring
- 5.1.2.2 Ceramic Floor and Wall Tile
- 5.1.2.3 Laminate Flooring
- 5.1.2.4 Stone Flooring
- 5.1.3 Resilient Flooring
- 5.1.3.1 Vinylsheet and Floor Tile
- 5.1.3.2 Other Resilent Flooring
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5.2 By End-User
- 5.2.1 Residential
- 5.2.2 Commercial
- 5.2.3 Builder
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5.3 By Distribution Channel
- 5.3.1 Home Centers
- 5.3.2 Specialty Stores
- 5.3.3 Online
- 5.3.4 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
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6.2 Company Profiles
- 6.2.1 Saudi Arabian Markets Ltd
- 6.2.2 Prime Floor KSA
- 6.2.3 Arabian Tile Company Ltd
- 6.2.4 Saudi Industrial Flooring Co.
- 6.2.5 Saudi Ceramics
- 6.2.6 RAK Ceramics
- 6.2.7 Mohawk Industries Inc.
- 6.2.8 Shaw Industries Group Inc.
- 6.2.9 Armstrong Flooring
- 6.2.10 Gerflor Group
- 6.2.11 Khalid Saad
- 6.2.12 Home Depot Inc.*
- *List Not Exhaustive
7. MARKET FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Saudi Arabia Floor Covering Industry Overview
Floor coverings refer to materials applied over a floor structure to create a walking surface. They are commonly used in various areas of a building, such as living spaces, bedrooms, kitchens, bathrooms, hallways, and dining rooms.
This report presents a comprehensive analysis of the Saudi Arabian floor covering market. It encompasses an evaluation of the national accounts, the economy, and emerging market trends segmented by type, end-user, and distribution channel. The market is further divided into non-resilient and resilient flooring. Non-resilient flooring includes wood, ceramic, laminate, and stone, while resilient flooring comprises vinyl and other materials. The end-users are categorized as residential, commercial, and builders, with distribution channels spanning home centers, specialty stores, online platforms, and others. The market's size and future projections are presented in terms of USD value for each segment.
| 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 Tile | |
| Other Resilent Flooring | ||
| By End-User | Residential | |
| Commercial | ||
| Builder | ||
| By Distribution Channel | Home Centers | |
| Specialty Stores | ||
| Online | ||
| Other Distribution Channels |
Saudi Arabia Floor Covering Market Research FAQs
How big is the Saudi Arabia Floor Covering Market?
The Saudi Arabia Floor Covering Market size is expected to reach USD 272 million in 2024 and grow at a CAGR of greater than 7% to reach USD 381.49 million by 2029.
What is the current Saudi Arabia Floor Covering Market size?
In 2024, the Saudi Arabia Floor Covering Market size is expected to reach USD 272 million.
Who are the key players in Saudi Arabia Floor Covering Market?
Saudi Ceramic, Prime Floor KSA, RAK Ceramics, Arabian Tile Company Ltd and Saudi Industrial Flooring Co. are the major companies operating in the Saudi Arabia Floor Covering Market.
What years does this Saudi Arabia Floor Covering Market cover, and what was the market size in 2023?
In 2023, the Saudi Arabia Floor Covering Market size was estimated at USD 252.96 million. The report covers the Saudi Arabia Floor Covering Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Saudi Arabia Floor Covering Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Saudi Arabia Floor Covering Industry Report
Statistics for the 2024 Saudi Arabia Floor Covering market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Saudi Arabia Floor Covering analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
