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The vinyl flooring market share in Saudi Arabia is expected to increase by USD 136.24 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.47%.
This vinyl flooring market in Saudi Arabia research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers vinyl flooring market segmentation in Saudi Arabia by product (vinyl sheets and vinyl composite tiles and luxury vinyl tile) and end-user (commercial and residential). The Saudi Arabia vinyl flooring market report also offers information on several market vendors, including 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. among others.
Download the Free Report Sample to Unlock the Vinyl Flooring Market Size in Saudi Arabia for the Forecast Period and Other Important Statistics
The booming global construction industry is notably driving the vinyl flooring market growth in Saudi Arabia, although factors such as shortage of skilled labor may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the vinyl flooring industry in Saudi Arabia. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Vinyl Flooring Market Driver in Saudi Arabia
One of the key factors driving growth in the vinyl flooring market in Saudi Arabia is the booming global construction industry. Over the forecast period, the growth of the market for vinyl floorings is expected to be driven by the increased demand for low-maintenance, cost-effective, and lightweight building materials in residential construction. Vinyl goods are a cost-effective alternative to wood and carpet tiles, and they provide greater comfort; therefore, their demand is likely to grow throughout the projection period.
Key Vinyl Flooring Market Trend in Saudi Arabia
The augmented reality (AR) in flooring industry is another factor supporting the Saudi Arabia vinyl flooring market share growth. With the introduction of AR floor visualizer applications in the flooring industry, consumers can modify the design of rooms or homes without the need to view samples physically. Some major flooring vendors are also leveraging AR and VR technologies on their websites. For instance, Armstrong Flooring offers DesignVisualizer, a virtual reality tool that allows users to visualize and select from a variety of flooring products. Similarly, Mohawk Industries has recently tied up with Theia Interactive to create a VR experience while introducing its Lichen flooring collection at NeoCon, a design expo and conference event for commercial interiors. The trend of using VR/AR is expected to increase among vendors, as these technologies are customer-friendly. Thus, this will propel the growth of the vinyl flooring market in Saudi Arabia.
Key Vinyl Flooring Market Challenge in Saudi Arabia
The shortage of skilled labor will be a major challenge for the vinyl flooring market in Saudi Arabia during the forecast period. Flooring dealers are being compelled to decline work offers, given this shortage. Another drawback is that dealers are forced to pay substandard labor for the sake of retaining the workforce. Such a practice can affect the quality of flooring installation work. Moreover, the paucity of labor has increased average flooring labor costs. Although investments in construction activities are constantly increasing, the shortage of skilled workers can negatively impact the global vinyl flooring market. Manufacturers are losing revenue, as they are being forced to turn down project offers due to a labor shortage, and they are paying more to retain the existing workforce. Overall, the shortage of skilled labor will be a key challenge for the vinyl flooring market in Saudi Arabia.
This vinyl flooring market in Saudi Arabia analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the vinyl flooring market in Saudi Arabia as a part of the global construction materials market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the vinyl flooring market in Saudi Arabia during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the Saudi Arabia vinyl flooring market encompasses successful business strategies deployed by the key vendors. The vinyl flooring market in Saudi Arabia is concentrated and the vendors are deploying growth strategies such as creating products that have a minimal environmental effect and are more durable to compete in the market.
Armstrong Flooring Inc. - The company offers vinyl flooring products such as luxury vinyl tile, static control flooring, and heterogeneous sheet.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The vinyl flooring market in Saudi Arabia forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the vinyl flooring market in Saudi Arabia, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the construction materials market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key Finding 2
*Exhibit 03: Key Finding 3
*Exhibit 04: Key Finding 5
*Exhibit 05: Key Finding 8
***2. Market Landscape
**2.1 Market ecosystem
*Exhibit 06: Parent market
*Exhibit 07: Market Characteristics
**2.2 Value Chain Analysis
*Exhibit 08: Value chain analysis: Construction materials
*2.2.1 Inputs
*2.2.2 Inbound logistics
*2.2.3 Operations
*2.2.4 Outbound logistics
*2.2.5 Marketing and sales
*2.2.6 Service
*2.2.7 Support activities
***3. Market Sizing
**3.1 Market definition
*Exhibit 09: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 10: Market segments
**3.3 Market size 2020
**3.4 Market outlook: Forecast for 2020 - 2025
*3.4.1Estimating growth rates for emerging and high-growth markets
*3.4.2 Estimating growth rates for mature markets
*Exhibit 11: Global - Market size and forecast 2021 - 2026 (million $)
*Exhibit 12: Global market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 13: Five forces analysis 2021 - 2026
**4.2 Bargaining power of buyers
*Exhibit 14: Bargaining power of the buyer
**4.3 Bargaining power of suppliers
*Exhibit 15: Bargaining power of the supplier
**4.4 Threat of new entrants
*Exhibit 16: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 17: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 18: Threat of rivalry
**4.7 Market condition
*Exhibit 19: Market condition - Five forces 2021
***5 Market Segmentation by Product
**5.1 Market segments
*Exhibit 20: Product- Market share 2021-2026 (%)
**5.2 Comparison by Product
*Exhibit 21: Comparison by Product
**5.3 Vinyl sheets and vinyl composite tiles - Market size and forecast 2021-2026
*Exhibit 22: Vinyl sheets and vinyl composite tiles - Market size and forecast 2021-2026 ($ million)
*Exhibit 23: Vinyl sheets and vinyl composite tiles- Year-over-year growth 2021-2026 (%)
**5.4 Luxury vinyl tile - Market size and forecast 2021-2026
*Exhibit 24: Luxury vinyl tile- Market size and forecast 2021-2026 ($ million)
*Exhibit 25: Luxury vinyl tile- Year-over-year growth 2021-2026 (%)
**5.5 Market opportunity by Product
*Exhibit 26: Market opportunity by Product
***6 Market Segmentation by End-user
**6.1 Market segments
*Exhibit 27: End-user- Market share 2021-2026 (%)
**6.2 Comparison by End-user
*Exhibit 28: Comparison by End-user
**6.3 Commercial - Market size and forecast 2021-2026
*Exhibit 29: Commercial - Market size and forecast 2021-2026 ($ million)
*Exhibit 30: Commercial - Year-over-year growth 2021-2026 (%)
**6.4 Residential - Market size and forecast 2021-2026
*Exhibit 31: Residential - Market size and forecast 2021-2026 ($ million)
*Exhibit 32: Residential - Year-over-year growth 2021-2026 (%)
**6.5 Market opportunity by End-user
*Exhibit 33: Market opportunity by End-user
***7. Customer landscape
*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
*Exhibit 34: Customer landscape
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Booming global construction industry
*8.1.2 Changing flooring requirements in key industries
*8.1.3 Low maintenance
**8.2 Market challenges
*8.2.1 Shortage of skilled labor
*8.2.2 High competition from substitutes
*8.2.3 Environmental impact of vinyl flooring
*Exhibit 35: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Augmented reality (AR) in flooring industry
*8.3.2 Innovations in laminate flooring
*8.3.3 Innovative LVT offerings
***9. Vendor Landscape
**9.1 Overview
*Exhibit 36: Vendor landscape
**9.2 Landscape disruption
*Exhibit 37: ?Landscape disruption?
*Exhibit 38: Industry Risk
**9.3 Competitive Scenario
***10. Vendor Analysis
**10.1 Vendors Covered
*Exhibit 39: Vendor Landscape
**10.2 Market positioning of vendors
*Exhibit 40: ?Market positioning of vendors?
**10.3 Abdul Rahman Al Shareef Group
*Exhibit 41: Abdul Rahman Al Shareef Group - Overview
*Exhibit 42: Abdul Rahman Al Shareef Group - Product and service
*Exhibit 43: Abdul Rahman Al Shareef Group - Key offerings
**10.4 Al Souriya
*Exhibit 44: Al Souriya - Overview
*Exhibit 45: Al Souriya - Product and service
*Exhibit 46: Al Souriya - Key offerings
**10.5 Armstrong Flooring Inc.
*Exhibit 47: Armstrong Flooring Inc. - Overview
*Exhibit 48: Armstrong Flooring Inc. - Product and service
*Exhibit 49: Armstrong Flooring Inc - Key news
*Exhibit 50: Armstrong Flooring Inc. - Key offerings
**10.6 Forbo Holding AG
*Exhibit 51: Forbo Holding AG - Overview
*Exhibit 52: Forbo Holding AG - Business segments
*Exhibit 53: Forbo Holding AG - Key offerings
*Exhibit 54: Forbo Holding AG - Segment focus
**10.7 Gerflor Group
*Exhibit 55: Gerflor Group - Overview
*Exhibit 56: Gerflor Group - Product and service
*Exhibit 57: Gerflor Group - Key offerings
**10.8 Highmoon Home Furnitures Trading LLC
*Exhibit 58: Highmoon Home Furnitures Trading LLC - Overview
*Exhibit 59: Highmoon Home Furnitures Trading LLC - Product and service
*Exhibit 60: Highmoon Home Furnitures Trading LLC - Key offerings
**10.9 KhalidSaad Trading Co.
*Exhibit 61: KhalidSaad Trading Co. - Overview
*Exhibit 62: KhalidSaad Trading Co. - Product and service
*Exhibit 63: KhalidSaad Trading Co. - Key offerings
**10.10 Nesma Group Co.
*Exhibit 64: Nesma Group Co. - Overview
*Exhibit 65: Nesma Group Co. - Product and service
*Exhibit 66: Nesma Group Co - Key news
*Exhibit 67: Nesma Group Co. - Key offerings
**10.11 Polyflor Ltd.
*Exhibit 68: Polyflor Ltd. - Overview
*Exhibit 69: Polyflor Ltd. - Product and service
*Exhibit 70: Polyflor Ltd. - Key offerings
**10.12 Toli Floor Corp.
*Exhibit 71: Toli Floor Corp. - Overview
*Exhibit 72: Toli Floor Corp. - Product and service
*Exhibit 73: Toli Floor Corp. - Key offerings
***11. Appendix
**11.1 Scope of the report
*11.1.1 ????Market definition
*11.1.2 ????Objectives
*11.1.3 ????Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 74: ?Currency conversion rates for US$?
**11.3 Research Methodology
*Exhibit 75: ?Research Methodology
*Exhibit 76: ??Validation techniques employed for market sizing?
*Exhibit 77: ??Information sources
**11.4 List of abbreviations
*Exhibit 78: List of abbreviations
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