MarkNtel Advisors recently published a detailed industry analysis of the Middle East & Africa Industrial & Commercial Flooring Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the Middle East & Africa Industrial & Commercial Flooring Market (2024-2030)
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.
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What is driving the Middle East & Africa Industrial & Commercial Flooring Market?
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.
What segments define the Middle East & Africa Industrial & Commercial Flooring Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
By Material
(Resilient Flooring, (Vinyl Flooring, Rubber Flooring, Others (Linoleum, Cork, etc.)), Non-resilient Flooring, (Epoxy, Concrete, Others (Stone, Ceramic, etc.)), Soft Covering Flooring, (Rugs, Broadlooms, Carpets), Others (Seamless Flooring, Wood & Laminates, etc.)),
By End User
(Chemicals, Food & Beverages, Healthcare, Manufacturing & Warehousing, Retail & Commercial Spaces, Automotive, Government & Public, Others (Hospitality, Education, Sports, etc.)),
By Sales Channel
(Direct Sales, Multi Brand Stores & Exclusive Outlets, Online)
Region
(The UAE, Saudi Arabia, Oman, Qatar, Morocco, Egypt, South Africa, Nigeria, Rest of the Middle East & Africa)
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Who are the leading key players shaping the Middle East & Africa Industrial & Commercial Flooring Market landscape?
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
Questions Addressed in this Study
1.What factors are driving the Middle East & Africa Industrial & Commercial Flooring Market growth?
2.How is the Middle East & Africa Industrial & Commercial Flooring Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Middle East & Africa Industrial & Commercial Flooring Market?
4.What is the current size of the Middle East & Africa Industrial & Commercial Flooring Market, and how is it projected to change in the future?
6.What is the future outlook for the Middle East & Africa Industrial & Commercial Flooring Market in terms of technological advancements and market expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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