Middle East & Africa Industrial & Commercial Flooring Market 2024 - 2030: Market Trends

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.
Middle East & Africa Industrial & Commercial Flooring Market Driver:
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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Key Market Reports Highlights
· Market Dimensions & Projections
· Pricing Evaluation
· Recent Strategic Moves by Companies
· Primary Stakeholders
· Import/Export Trend Analysis
· Competitive Landscape Assessment
· Emerging Opportunities
· Market Trends and Indicators
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Middle East & Africa Industrial & Commercial Flooring Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- 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
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - 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
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