Middle East and Africa Indoor Flooring Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Ceramic Tiles, Carpet, Vinyl Linoleum and Rubber, Wood and Laminate, and Others); End-user (Residential, and Non-Residential)

Middle East and Africa Indoor Flooring Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Ceramic Tiles, Carpet, Vinyl Linoleum and Rubber, Wood and Laminate, and Others); End-user (Residential, and Non-Residential)

The Middle East & Africa indoor flooring market is expected to grow from US$ 7.35 billion in 2021 to US$ 9.21 billion by 2028; it is estimated to grow at a CAGR of 3.3% from 2021 to 2028. Home renovation and remodeling activities are increasing in many countries, which can be mainly attributed to growing governments support for the same, especially in the developed countries. The willingness to spend substantial amounts on the styling of living spaces has attracted the focus of consumers toward home furnishings such as carpets and rugs that enhance the aesthetic appeal of interiors. This shift is supported by the rise in consumer income levels, changes in lifestyles, and the adoption of different cultures in terms of interior decor. Floor coatings such as ceramic tiles, carpets, vinyl, linoleum and rubber, wood, and laminate are applied on surfaces to impart slip resistance properties to them. Besides offering slip resistance, they also confer anti-vibration, antistatic, and waterproof properties. Coatings such as epoxy coatings increase the durability of concrete floors. Epoxy, polyurethane, and acrylic coating on concrete floors make them capable of withstanding a considerable amount of static and dynamic loads. Floor coatings also prevent wear and tear on the surface of these floors. As floor coatings are resistant to cleansers, oils, chlorides, water, snow, ice, hail, transmission fluids, and bleaches, they are increasingly being used to overlay the floors of parking spaces, garages, and cars showrooms. Moreover, they are used to enhance the aesthetics of floors in houses. Metallic pigments are added to the indoor flooring materials to create a metallic swirl effect. Further, there is a growing trend of adding vinyl color flakes and metallic pigments to add a rich color layer and texture to the floor surface. Thus, the above-mentioned factor is likely to boost the growth of the market.

The Middle East & Africa indoor flooring market is segmented into type, end user, and country. Based on type, the Middle East & Africa indoor flooring market is segmented into ceramic tiles, carpet, vinyl linoleum & rubber, wood & laminate, and others. In 2021, the carpet segment accounted for the largest market share. The growth of this segment is attributed to extensively use flooring decor. However, the vinyl linoleum & rubber segment is estimated to register the highest CAGR during the forecast period.

Among the MEA countries, Turkey, Iran, and South Africa have reported the highest number of COVID-19 cases. Other major countries facing the economic impact of COVID-19 include Iraq, Israel, Morocco, Saudi Arabia, and the UAE. The region comprises many growing economies such as the UAE and Saudi Arabia, which are prospective markets for indoor flooring providers due to the huge presence of residential, commercial, and industrial sectors. The COVID-19 pandemic would have significant effects on global economies, but the region has been negatively impacted as there is already pressure on the economy of various oil-based countries due to falling oil prices. In addition to this, the factory lockdowns, business shutdowns, are further aggravating the economic problems of the countries in the region. Measures to suppress the COVID-19 pandemic, including self-isolating, hand washing, and lockdowns assume that communities, societies, and residential pipelines have sustainable access to acceptable amounts of adequate quality water. Nevertheless, across developing countries, the good interior demand is decreasing, along with the commercial’s properties due to lockdowns. Hence, the estimated decline in MEA’s economic condition and impact of COVID-19 on the growth of various industries in the region are expected to negatively impact the growth of the market till mid-2021. Saudi Arabia's construction sector has dropped to -1.9% from -2.8%, with a 3.3% rebound forecast in 2021. This revision reflects improved economic efficiency, the cessation of a national curfew at the end of September, the easing of controls on companies following three months of tight curbs, and a substantial decrease in infection incidence.

The overall Middle East & Africa indoor flooring market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the Middle East & Africa indoor flooring market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Middle East & Africa indoor flooring market. Some of the activities undertaken by the companies, which have promoted market growth are mergers and acquisitions and market initiatives. The companies include Forbo International SA; Beaulieu International Group; Interface, Inc.; Toli Corporation; Mohawk Industries, Inc.; and Shaw Industries Group, Inc.

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