DUBLIN--(BUSINESS WIRE)--The "GCC Flooring Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The GCC flooring market was worth US$ 10.5 Billion in 2017. The market is further projected to reach a value of US$ 16.1 Billion by 2023, at a CAGR of 7.4% during 2018-2023.
In the GCC region, industrial development fuelled by huge investments made by the governments plays a crucial role in the growth of the flooring industry as all industrial facilities need fit-for-purpose flooring.
The increased focus on green buildings coupled with growing usage of eco-friendly flooring products in the GCC region is stimulating the demand for floorings manufactured from recycled raw materials.
Technological advancements in the flooring industry have resulted in improved product features such as digitally printed tile designs, availability of wide variety of colours, enhanced water resistance, etc., in turn, propelling the growth of the market.
On the basis of segment, the market has been segmented into hard and soft flooring. Amongst these, hard flooring, including ceramic tiles, mosaic tiles, vitrified tiles, marbles and granite, represents the leading segment in the GCC flooring market.
Based on the product type, tile flooring represents the most popular segment, accounting for the majority of the total share. Other major product types include stone flooring, wood and laminate flooring, and carpet flooring.
On the basis of end-use, the market has been segregated as commercial and residential sectors. Currently, the commercial sector dominates the GCC flooring market, holding the major share.
On a geographical front, the UAE enjoys the leading position in the GCC flooring market due to widespread construction projects in the region. Other major regions are Saudi Arabia, Qatar, Oman, Bahrain and Kuwait.
- RAK Ceramics
- Swiss Hardwoods
- Krono Swiss
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
5 GCC Flooring Market
6 Market Breakup by Region
7 Market Breakup by Segment
8 Market Breakup by Flooring Type
9 Market Breakup by End-Use Sector
10 Competitive Landscape
11 Flooring Tile Manufacturing Process
12 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/research/dl75v8/the_gcc_flooring?w=4