BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Saudi Arabia vinyl flooring market size at USD 281.59 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects Saudi Arabia vinyl flooring market size to grow at a CAGR of 6.7% reaching a value of USD 416.13 million by 2029. Due to its longevity, ease of care, and aesthetic appeal, vinyl flooring is becoming increasingly popular, which is a major driver fueling the market expansion in Saudi Arabia. Due to growing environmental consciousness, the market has also undergone a transition towards eco-friendly and sustainable vinyl flooring solutions. Innovative vinyl flooring designs, patterns, and textures have also been introduced as a result of technological improvements, expanding consumer options. Also, the increase in residential and commercial development projects has boosted Saudi Arabia’s demand for vinyl flooring. Overall, the market is expected to maintain its upward trend due to changing consumer preferences and the growth of the building sector.
Saudi Arabia Vinyl Flooring Market – Overview
Vinyl flooring is a versatile and popular type of flooring that replicates the look of natural materials like wood or stone. It is composed of several layers, including a durable wear layer, a printed design layer, and a resilient backing layer. Vinyl flooring offers numerous benefits, such as affordability, durability, and easy maintenance. It is resistant to scratches, stains, and moisture, making it suitable for high-traffic areas and spaces prone to spills, such as kitchens and bathrooms. Vinyl flooring comes in various styles, colors, and patterns, allowing homeowners to achieve their desired aesthetic. Its installation options include glue-down, peel-and-stick, and click-lock systems, catering to different preferences and installation requirements.
Impact of COVID-19 on Saudi Arabia Vinyl Flooring Market
The COVID-19 pandemic significantly impacted Saudi Arabia vinyl flooring market. With the implementation of lockdown measures and restrictions on construction activities, the demand for vinyl flooring experienced a decline. The disruption in the supply chain and logistical challenges also affected the availability of raw materials and hindered production. Also, the economic downturn and reduced consumer spending further dampened the market growth. However, as the situation improves and the vaccination efforts progress, the market is expected to recover gradually. The growing awareness of hygiene and cleanliness is likely to drive the demand for vinyl flooring, particularly in sectors such as healthcare and hospitality.
Saudi Arabia Vinyl Flooring Market – By Material
By Material, Saudi Arabia vinyl flooring market is split into Wood Plastic Composite (WPC) and Stone Plastic Composite (SPC) segments. WPC flooring combines wood fibers and plastic polymers, offering a durable and cost-effective option with a natural wood-like appearance. On the other hand, SPC flooring comprises limestone and PVC materials, providing exceptional strength, stability, and moisture resistance. Both segments cater to the growing demand for versatile and resilient flooring solutions in Saudi Arabia, with WPC and SPC leading the way in terms of market share and popularity.
Saudi Arabia vinyl flooring market is fiercely competitive. Major companies in the market include Abdul Rahman Al Shareef Group, Al Souriya, Armstrong Flooring Inc., Forbo Holding AG, Gerflor Group, Highmoon Home Furnitures Trading LLC, KhalidSaad Trading Co., Nesma Group Co., Polyflor Ltd, and Toli Floor Corp. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Saudi Arabia vinyl flooring market
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