The vinyl flooring market share in Saudi Arabia will post an incremental growth of USD 136.24 million, progressing at a CAGR of 5.47% during the forecast period. The booming global construction industry will offer immense growth opportunities to market vendors. The market is concentrated, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market.
Technavio’s report on “Saudi Arabia Vinyl Flooring Market by End-user, and Product - Forecast and Analysis 2022-2026” provides a detailed analysis of the prevalent market forces, trends, and challenges likely to impact the market in focus.
The vinyl flooring market in Saudi Arabia is segmented by product (vinyl sheets and vinyl composite tiles and luxury vinyl tile) and end-user (commercial and residential).
The growth of the vinyl flooring market size in Saudi Arabia's vinyl sheets and vinyl composite tiles segment will be significant during the forecast period. Vinyl composition tile (VCT) is a type of completed flooring that is commonly utilized in commercial and institutional settings.
The booming global construction industry will directly influence the vinyl flooring market in Saudi Arabia. In addition, augmented reality (AR) in the flooring industry is one of the major vinyl flooring market trends in Saudi Arabia trends that will positively impact the market growth. However, factors such as the shortage of skilled labor will hamper the vinyl flooring market growth in Saudi Arabia.
The market is fragmented due to the presence of several players. Some of the major vinyl flooring market vendors in Saudi Arabia are 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.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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Precise market size estimation during the forecast period 2022-2026.
CAGR of the vinyl flooring market in Saudi Arabia forecast during 2022-2026.
Market-level data on units, average selling prices, and values of the vinyl flooring market share in Saudi Arabia.
Prediction of the upcoming trends, drivers, and factors that challenge the growth of the vinyl flooring market in Saudi Arabia .
Vinyl flooring industry growth across Saudi Arabia.
