United Arab Emirates Floor Covering Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The United Arab Emirates is one of the key economic centers in the Middle East, with its growing trading and tourism sectors, Dubai, in particular, is considered as the trendsetter in the construction market for the entire Gulf Country Council. Several major construction projects diversified across the infrastructure, residential, and commercial sectors by the government and private organizations during the study period have made Dubai an investment hub. However, environmental issues, such as the lengthy drying and sticking process, the high amounts of non-degradable waste generated while carpet manufacturing, various odors of some materials used while manufacturing and during application and their impact on the environment, and the shortages in the global supply chain raw materials are inhibiting the rapid growth of the industry. Through technological improvements and utilization of advanced machinery, the players are minimizing the limitations, and they are focusing on improving the production capacities. The floor covering the market in the United Arab Emirates is forwarding with the growing demand for bold esthetics that look natural and yet versatile. This trend is dominant in, both, the residential and commercial segments of the market. A recent trend in the purchases has been led by the products that are advanced in digital printing, along with other technological improvements, enabling the manufacturers to create theme-based flooring products in smaller quantities at competitive prices. This trend extends to printed carpets, along with vinyl flooring sheets and tiles.

Key Market Trends

Growing Construction across the Region is Driving the Market

The commercial construction activities across the United Arab Emirates were on the rise during the study period, owing to the Expo 2020, which was primarily scheduled in 2020. However, it was postponed to 2021 due to the ongoing COVID-19 pandemic. The UAE government amended the property ownership policies and permitted non-UAE and non-GCC residents to have freeholds and leaseholds on properties in certain parts of the region, to encourage more investments in the industry. Affordable housing is also another key driver for the UAE construction industry and helped the country to face the challenges in housing to accommodate its growing population. The government is also developing several plans to develop residential complexes, healthcare centers, schools, etc. in the Eastern region. These initiatives are driving the floor covering the market in the region.

Commercial Floor Covering accounted for a Major Market Share

With the increasing commercial property construction across the United Arab Emirates, the commercial segment of the floor covering market registered high market value than the residential segment. The rising tourism sector increased the demand for hotel construction projects of either new construction or renovation, to make them appealing, primarily to attract more customers. The growth is also driven by the construction of several entertainment destinations, shopping malls, family entertainment centers, etc., thus driving the demand for various tiles, carpets, laminated floors, and wood floor coverings.

Competitive Landscape

The report covers the competitive landscape of the major players operating in the UAE covering market. The market is a combination of several players who are leading the industry in a specific segment of the industry product. The players are adopting various strategies, in order to increase their production capacities with the help of rapidly changing technology advancements.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support