Middle East & Africa Luxury Vinyl Tile Flooring Market Report 2021-2031 by Scope, Segmentation, Dynamics, and Competitive Analysis

Description

List of Tables

The luxury vinyl tile (LVT) flooring market in the Middle East and Africa is projected to grow significantly, reaching approximately US$ 2,058.23 million by 2031, up from US$ 1,130.56 million in 2023. This growth represents a compound annual growth rate (CAGR) of 7.8% from 2023 to 2031.

Executive Summary and Market Analysis

The LVT flooring market in the Middle East and Africa is divided into several regions, including South Africa, Saudi Arabia, Brazil, and other areas within the region. According to the UN World Urbanization Prospects, urbanization rates in the Middle East and Africa have surged, exceeding 80% in the Middle East and 50% in Africa as of 2023. This rapid urbanization has led to increased construction activities in both commercial and residential sectors, driving the demand for modern and stylish flooring solutions.

As disposable incomes rise across the region, consumers are more inclined to invest in enhancing their living environments, leading to a growing preference for premium flooring options like LVT. The extreme climatic conditions in many parts of the Middle East and Africa, characterized by high temperatures and humidity, have made durable and moisture-resistant flooring materials essential. LVT, known for its water-resistant properties and durability, has become a favored choice for both residential and commercial applications.

Additionally, the hospitality sector, which includes hotels, resorts, and luxury accommodations, has significantly contributed to the demand for LVT flooring. The industry prioritizes aesthetics, durability, and ease of maintenance, making LVT an ideal flooring solution.

Market Segmentation Analysis

The luxury vinyl tile flooring market is analyzed based on type and end user.

By Type: The market is divided into rigid and flexible LVT, with rigid LVT holding a larger market share in 2023.
By End User: The market is segmented into residential, commercial, industrial, and institutional sectors, with the residential segment dominating in 2023.

Market Outlook

Advancements in printing technologies have enabled the production of more realistic and intricate designs, enhancing the aesthetic appeal of LVT flooring. This innovation has opened new market segments, particularly in high-end residential properties and design-focused commercial spaces, where the visual impact of flooring is crucial.

The integration of enhanced performance features, such as waterproofing and scratch resistance, has broadened the applications of LVT flooring. Waterproof LVT is suitable for moisture-prone areas like kitchens and bathrooms, where traditional flooring options may not be viable. This expansion into new market segments increases the versatility and attractiveness of LVT, further boosting its demand in both residential and commercial sectors.

Moreover, the incorporation of scratch-resistant properties enhances the durability and longevity of LVT flooring, making it ideal for high-traffic areas in commercial settings, such as retail stores and healthcare facilities. This durability not only reduces maintenance costs but also extends the flooring's lifespan, providing long-term value to customers.

Country Insights

The luxury vinyl tile flooring market in the Middle East and Africa includes key countries such as Saudi Arabia, South Africa, the UAE, and others. In 2023, Saudi Arabia held the largest market share. As one of the largest economies in the region, Saudi Arabia is set to construct over 340,000 houses from 2020 to 2025, driven by steady population growth and government initiatives. The country has undertaken approximately 70 projects valued at around US$ 17.3 billion over the next five years, with nearly US$ 16 billion spent on housing projects in the past three years, resulting in over 103,000 housing units.

The rapid urbanization and increased government investment in infrastructure development, particularly through initiatives like Saudi Vision 2030, are expected to spur growth in construction activities, thereby boosting the LVT flooring market.

Company Profiles

Key players in the luxury vinyl tile flooring market include Wedge Industries Ltd, Mohawk Industries Inc, Tarkett, Shaw Industries Group Inc, Interface Inc, AHF LLC, Gerflor SAS, Congoleum, Mannington Mills Inc, and Forbo Holding AG. These companies are employing various strategies, including expansion, product innovation, and mergers and acquisitions, to enhance their product offerings and increase market share.

Product Code: BMIRE00030914

1. Introduction

1.1 Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macroeconomic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country-level data:

4. Middle East & Africa LVT Flooring Market Landscape

4.1 Overview
4.2 Porter's Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Intensity of Competitive Rivalry
- 4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Manufacturers
- 4.3.3 Distributors/Suppliers
- 4.3.4 End Users
- 4.3.5 List of Vendors in the Value Chain

5. Middle East & Africa LVT Flooring Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Growing Residential Construction
- 5.1.2 Cost-Effectiveness of LVT Flooring
5.2 Market Restraints
- 5.2.1 Environmental Concerns
5.3 Market Opportunities
- 5.3.1 Expansion of Commercial Sector
5.4 Future Trends
- 5.4.1 Technological Advancements
5.5 Impact of Drivers and Restraints:

6. LVT Flooring Market -Middle East & Africa Market Analysis

6.1 Middle East & Africa LVT Flooring Market Volume (Million Sq. Meter), 2021-2031
6.2 Middle East & Africa LVT Flooring Market Volume Forecast and Analysis (Million Sq. Meter)
6.3 Middle East & Africa LVT Flooring Market Revenue (US$ Million), 2023-2031
6.4 Middle East & Africa LVT Flooring Market Forecast and Analysis

7. Middle East & Africa LVT Flooring Market Volume and Revenue Analysis - by Type

7.1 Rigid
- 7.1.1 Overview
- 7.1.2 Rigid: Middle East & Africa LVT Flooring Market - Volume and Forecast, 2021-2031 (Million Sq. Meter)
- 7.1.3 Rigid: Middle East & Africa LVT Flooring Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.2 Flexible
- 7.2.1 Overview
- 7.2.2 Flexible: Middle East & Africa LVT Flooring Market - Volume and Forecast, 2021-2031 (Million Sq. Meter)
- 7.2.3 Flexible: Middle East & Africa LVT Flooring Market - Revenue and Forecast, 2021-2031 (US$ Million)

8. Middle East & Africa LVT Flooring Market Volume and Revenue Analysis - by End User

8.1 Residential
- 8.1.1 Overview
- 8.1.2 Residential: Middle East & Africa LVT Flooring Market - Volume and Forecast, 2021-2031 (Million Sq. Meter)
- 8.1.3 Residential: Middle East & Africa LVT Flooring Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.2 Commercial
- 8.2.1 Overview
- 8.2.2 Commercial: Middle East & Africa LVT Flooring Market - Volume and Forecast, 2021-2031 (Million Sq. Meter)
- 8.2.3 Commercial: Middle East & Africa LVT Flooring Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.3 Industrial
- 8.3.1 Overview
- 8.3.2 Industrial: Middle East & Africa LVT Flooring Market - Volume and Forecast, 2021-2031 (Million Sq. Meter)
- 8.3.3 Industrial: Middle East & Africa LVT Flooring Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.4 Institutional
- 8.4.1 Overview
- 8.4.2 Institutional: Middle East & Africa LVT Flooring Market - Volume and Forecast, 2021-2031 (Million Sq. Meter)
- 8.4.3 Institutional: Middle East & Africa LVT Flooring Market - Revenue and Forecast, 2021-2031 (US$ Million)

9. Middle East & Africa LVT Flooring Market - Country Analysis

9.1 Middle East & Africa
- 9.1.1 Middle East & Africa LVT Flooring Market Revenue and Forecast and Analysis - by Country
  - 9.1.1.1 Middle East & Africa LVT Flooring Market Volume and Forecast and Analysis - by Country
  - 9.1.1.2 Middle East & Africa LVT Flooring Market Revenue and Forecast and Analysis - by Country
  - 9.1.1.3 South Africa: Middle East & Africa LVT Flooring Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.1.1.3.1 South Africa: Middle East & Africa LVT Flooring Market Share - by Type
    - 9.1.1.3.2 South Africa: Middle East & Africa LVT Flooring Market Share - by End User
  - 9.1.1.4 Saudi Arabia: Middle East & Africa LVT Flooring Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.1.1.4.1 Saudi Arabia: Middle East & Africa LVT Flooring Market Share - by Type
    - 9.1.1.4.2 Saudi Arabia: Middle East & Africa LVT Flooring Market Share - by End User
  - 9.1.1.5 United Arab Emirates: Middle East & Africa LVT Flooring Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.1.1.5.1 United Arab Emirates: Middle East & Africa LVT Flooring Market Share - by Type
    - 9.1.1.5.2 United Arab Emirates: Middle East & Africa LVT Flooring Market Share - by End User
  - 9.1.1.6 Rest of Middle East & Africa: Middle East & Africa LVT Flooring Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.1.1.6.1 Rest of Middle East & Africa: Middle East & Africa LVT Flooring Market Share - by Type
    - 9.1.1.6.2 Rest of Middle East & Africa: Middle East & Africa LVT Flooring Market Share - by End User

10. Competitive Landscape

10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration

11. Industry Landscape

11.1 Overview
11.2 New Product Development
11.3 Merger and Acquisition

12. Company Profiles

12.1 Wedge Industries Ltd
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 Mohawk Industries Inc
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 Tarkett
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Shaw Industries Group Inc
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Interface Inc
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 AHF LLC
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Gerflor SAS
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 Congoleum
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
12.9 Mannington Mills Inc
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
12.10 Forbo Holding AG
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners