Middle East and Africa region is one of the fastest developing market for flooring and produces many types of tile and flooring marble. The region consists of countries like South Africa, the UAE, Turkey, and Saudi Arabia. In many countries, it has been recognized that the market possibilities include increasing end-use applications and product and process breakthroughs in flooring and carpet designs and technology. Increasing demand in end-use sectors, such as the automotive industry and the popularity of artificial grass in sports fields and other outdoor applications, is likely to boost the expansion of the Middle East flooring and carpet market throughout the forecast period. Residential flooring is likely to dominate the market in terms of revenue share. Over the projected period, the hospitality and automotive application categories are predicted to increase at a faster rate than other application segments. The flooring, carpet, and rug markets in Qatar and Kuwait are expected to grow significantly during the projection period, owing to the expansion of these countries' hospitality industries as a result of upcoming events such as the Qatar FIFA World Cup 2022.Growing population and tourism demand, as well as numerous expansions in commercial, residential, industrial, and retail facilities, are expected to drive significant growth in the Middle East flooring and carpet market over the forecast period. Saudi Arabia is predicted to have the largest revenue share in the region. According to the Outlook, "Middle-East and Africa Flooring Market Outlook, 2027" published by Bonafide Research, the flooring market is anticipated to grow at a 5.79% CAGR in terms of value during this forecasted period. Growing investment by major market players in the research and development of flooring has impacted the market's growth. Different types of flooring markets have gained market share in every region, including the Middle-east and Africa. The majority of companies manufacture these products for residential use, both non-resilient and resilient. Resilient housing is in demand and construction has surged. Carpet and flooring are essential components of any house, as well as airplanes, automobiles, and spacecraft. The main components of flooring and carpets include wood, polymer staple fibres, carpets and rugs, vinyl sheets, and ceramic tiles. For carpet and rug market growth, there is huge growth due to an increase in demand for decoration in interior homes. During the forecast period, the nylon sector is predicted to provide comparably high revenue across material type segments, accounting for more than 40% of the entire Middle-East and Africa market. Another material type sector in the Middle East's flooring and carpet industry is predicted to see positive revenue development. Over the forecast period, the introduction of novel synthetic and natural fibres such as olefins, acrylic, sisal fibre, and seagrass is likely to fuel development in the other material types sector. Apart from the construction sector, companies in the Middle East area are exploiting potential across other industries like automotive and aviation by developing flooring solutions for this industry. Moreover, an increase in interest in sports and events is being organized in various regions and this is driving market growth. Thus, in the forecast period, the emerging application of flooring and carpet will grow rapidly and boost the economy's economic growth. Innovative ideas and techniques are adopted and carpets, laminates, rugs, and other flooring solutions in these regions are expected to bring new market opportunities. Growing demand for new types of flooring solutions is also expected to foster increased market growth for flooring and carpet. Moreover, a growing population is driving the need for residential building, which is further predicted to enhance the market growth. COVID-19 Impact The flooring market and real estate business were severely impacted by COVID-19. There were a lot of restrictions on the movement of materials, resulting in a shortage of raw materials. The lockdown rules and regulations limited the activities of contractors and builders. In this region, many countries were affected, like China, India, Japan, and other countries. These have decreased the consumption of finishing materials in the same time span. Due to this, demand for resilient flooring products has been reduced in the residential and non-residential sectors. The COVID-19 pandemic has had a significant impact on resilient flooring retail and distribution. Major Companies present in the market: Shaw Industries Group, Inc., Tarkett S.A., Milliken & Company, Forbo Holding AG, Beaulieu International Group, Interface, Inc., Amtico International Limited, Gerflor Group, James Halstead Plc. Swiss Krono Group, Oriental Weavers Group, Toli Corporation Considered in this report: • Geography: Middle-east and Africa • Historic year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecasted year: 2027 Aspects covered in this report: •Middle-east and Africa Flooring Market with its value and forecast along with its segments • Country wise Flooring market analysis • Application wise flooring market distribution • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation Countries covered in the report: • UAE • Saudi Arabia • South Africa • Turkey By material flooring material type in the report: • Resilient Flooring • Non-resilient flooring • Carpet and Rugs End use of flooring in the report: • Residential • Commercial • Industrial The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to solar panel coating industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
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