The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Middle East & Africa Industrial & Commercial Flooring Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Middle East & Africa Industrial & Commercial Flooring Industry (2024-2030):
According to the latest report, The Middle East & Africa Industrial & Commercial Flooring Market is estimated to grow at a CAGR of around 6.4% during the forecast period, i.e., 2024-30. The report demonstrates the prominent factors propelling the exponential growth of the Middle East & Africa Industrial & Commercial Flooring industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
· Historical Data: 2019-22
· Base Year: 2023
· Forecast Period: 2024-30
· CAGR (2024-2030): 6.4%
What are the major Driver the Middle East & Africa Industrial & Commercial Flooring industry?
Government Initiatives Towards Hospitality Sector to Facilitate Industrial & Commercial Flooring Demand – Government bodies in the Middle East & Africa are increasingly directing their attention towards tourism development, recognizing its potential to drive economic growth, create jobs, and diversify revenue streams. Government bodies in countries such as the UAE, Saudi Arabia, Egypt, etc., have laid various initiatives and policies like the UAE Vision 2021, National Agenda, Saudi Arabia's Vision 2030, etc., for surging tourism across the countries. According to the National News, Saudi Arabia, the tourism revenue generated in 2023 was about USD 66 billion. Moreover, the emergence of new travel trends, including experiential tourism, and luxury travel, has created opportunities for hospitality businesses to cater to evolving consumer preferences. Also, with the proliferating tourism in the country, the demand for comfortable & premium hotels and resorts is surging significantly, leading to the expansion of the hospitality sector in the region. For instance,
In 2023, the Egyptian Cabinet approved about USD 2.02 billion tourism initiative to boost hotel room capacity in the country in the upcoming years.
Hence, the increase in the tourism sector driven by government initiatives in the region is escalating the construction of various hotels, restaurants, and resorts, which is expected to generate the demand for commercial and institutional flooring in the Middle East & Africa.
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Middle East & Africa Industrial & Commercial Flooring Market Segmentation
The Middle East & Africa Industrial & Commercial Flooring Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Material
- Resilient Flooring- Market Size & Forecast 2019-2030 (Million Square Meters)
- Vinyl Flooring- Market Size & Forecast 2019-2030 (Million Square Meters)
- Rubber Flooring- Market Size & Forecast 2019-2030 (Million Square Meters)
- Others (Linoleum, Cork, etc.) - Market Size & Forecast 2019-2030 (Million Square Meters)
- Non-resilient Flooring- Market Size & Forecast 2019-2030 (Million Square Meters)
- Epoxy- Market Size & Forecast 2019-2030 (Million Square Meters)
- Concrete- Market Size & Forecast 2019-2030 (Million Square Meters)
- Others (Stone, Ceramic, etc.) - Market Size & Forecast 2019-2030 (Million Square Meters)
- Soft Covering Flooring- Market Size & Forecast 2019-2030 (Million Square Meters)
- Rugs- Market Size & Forecast 2019-2030 (Million Square Meters)
- Broadlooms- Market Size & Forecast 2019-2030 (Million Square Meters)
- Carpets- Market Size & Forecast 2019-2030 (Million Square Meters)
- Others (Seamless Flooring, Wood & Laminates, etc.) - Market Size & Forecast 2019-2030 (Million Square Meters)
- By End User
- Chemicals- Market Size & Forecast 2019-2030 (Million Square Meters)
- Food & Beverages- Market Size & Forecast 2019-2030 (Million Square Meters)
- Healthcare- Market Size & Forecast 2019-2030 (Million Square Meters)
- Manufacturing & Warehousing- Market Size & Forecast 2019-2030 (Million Square Meters)
- Retail & Commercial Spaces- Market Size & Forecast 2019-2030 (Million Square Meters)
- Automotive- Market Size & Forecast 2019-2030 (Million Square Meters)
- Government & Public- Market Size & Forecast 2019-2030 (Million Square Meters)
- Others (Hospitality, Education, Sports, etc.) - Market Size & Forecast 2019-2030 (Million Square Meters)
- By Sales Channel
- Direct Sales- Market Size & Forecast 2019-2030, (Million Square Meters)
- Multi Brand Stores & Exclusive Outlets- Market Size & Forecast 2019-2030, (Million Square Meters)
- Online- Market Size & Forecast 2019-2030, (Million Square Meters)
- By Country
- The UAE
- Saudi Arabia
- Oman
- Qatar
- Morocco
- Egypt
- South Africa
- Nigeria
- Rest of the Middle East & Africa
As per the regional aspect, the Middle East & Africa Industrial & Commercial Flooring Market is expected to be dominated by Middle East & Africa by capturing the potential market share.
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Top Companies in the Middle East & Africa Industrial & Commercial Flooring Market
Sika GCC, The Sherwin-Williams Company, Mapei Middle East & East Africa, LATICRETE Middle East LLC, Amtico International, Armstrong Flooring Inc, StonCor Middle East LLC (Flowcrete), Forbo Flooring Middle East DMCC, Gerflor Middle East, Interface, Inc, Twintec Middle East Industrial Flooring LLC, and James Halstead PLC, among others
The Middle East & Africa Industrial & Commercial Flooring Industry Recent Development:
2022: CoGri Group, opened its new office in the Kingdom of Saudi Arabia in addition to the company's existing office operating in Dubai.
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