Vinyl Flooring Market size in Saudi Arabia to record USD 136.24 Mn | Commercial segment to create significant growth opportunities | Technavio

2022-06-09 06:57:24 By : Ms. Alice Z

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NEW YORK , April 26, 2022 /PRNewswire/ -- The "Vinyl Flooring Market in Saudi Arabia " report by Technavio presents a comprehensive study and presentation of demand drivers, market trends, restraints, market size, and forecasts over the period of 2021 to 2026.

Backed by the collective presentation of research findings, the research report on the vinyl flooring market in Saudi Arabia provides insights into the competitive scenario, untapped geographies, market positioning of vendors, recent developments and investments, and other important statistics.

Request Our Sample Report for a brief understanding of what our full report actually offers.

Vinyl Flooring Market in Saudi Arabia : Segmentation and Coverage

To aid businesses in better decision making and understand the niche areas, the vinyl flooring market in Saudi Arabia is analyzed by product (vinyl sheets and vinyl composite tiles and luxury vinyl tile) and end-user (commercial and residential).

By product, the market is currently observing high demand for vinyl sheets and vinyl composites. Vinyl sheets and vinyl composites are water-resistant, durable, easy to install, available in a variety of designs, and affordable. Such benefits have made them popular among end-users, thereby driving their demand.

Based on the end-users, the market will observe high demand from the commercial end-users. Increasing investments in commercial construction projects will be crucial in driving the demand in the segment. The segment will continue to create substantial growth opportunities for market players over the forecast period.

Discover key segments to invest in over the forecast period in the vinyl flooring market in Saudi Arabia . Get highlights by Downloading Our Sample Report

The report provides detailed insights on the future technologies, R&D activities, and breakthrough product developments by vendors. It provides insights into how the vendors are performing in terms of revenue generation, customer base, product innovation, and other important aspects.

Global vinyl flooring is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. The increasing competition in the market is compelling vendors to adopt various growth strategies such as developing products that are more durable and have minimal effect on the environment. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.   

The report identifies the following as the dominant players in the market.

Get an idea of the market share and competitiveness of vendors in the market. Request a Sample Report

The vinyl flooring market in Saudi Arabia is driven by the booming global construction industry and the increasing demand for low-maintenance, cost-effective, and lightweight building materials. Vinyl flooring provides better comfort and is a cost-effective alternative to wood and carpet tiles. Hence, the demand for vinyl goods is increasing among end-users in the construction sector. In addition, the latest trends such as the use of augmented reality (AR) and virtual reality (VR) technologies in the flooring industry will propel the vinyl flooring market in Saudi Arabia to witness an incremental growth of USD 136.24 million between 2021 and 2026.

On the other hand, the shortage of skilled labor is hindering market growth. Many manufacturers in the market are sometimes forced to turn down project offers due to labor shortages. This is incurring them significant losses. Moreover, the lack of skilled labor is compelling several vendors to retain their existing workforce by paying extra. Such factors are reducing the growth potential in the market.

Download Our Sample Report to identify other drivers, trends, and challenges impacting the market growth.  

Ceramic Tiles Market in GCC 2022-2026: USD 1.86 billion incremental growth expected at 6.3% CAGR. Download Report Sample

Global Floor Adhesive Market 2022-2026: USD 1.53 billion incremental growth expected at 5.44% CAGR. Download Report Sample

Vinyl Flooring Market in Saudi Arabia: Scope

Accelerate at a CAGR of 5.47%

Leading companies, competitive strategies, consumer engagement scope

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.

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period.

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

                             Exhibit 08:  Value chain analysis:  Construction materials

                             Exhibit 09:  Offerings of vendors included in the market definition

              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 (%)

                             Exhibit 13:  Five forces analysis 2021 - 2026

                             Exhibit 14: Bargaining power of the buyer

                             Exhibit 15: Bargaining power of the supplier

                             Exhibit 16: Threat of new entrants

                             Exhibit 19: Market condition - Five forces 2021

                             Exhibit 20:  Product- Market share 2021-2026 (%)

              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 (%)

                             Exhibit 26:  Market opportunity by Product

                             Exhibit 27:  End-user- Market share 2021-2026 (%)

              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 (%)

                             Exhibit 33:  Market opportunity by End-user

                             Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                             8.1.2   Changing flooring requirements in key industries

                             8.2.3   Environmental impact of vinyl flooring

                             Exhibit 35:  Impact of drivers and challenges

                             8.3.1   Augmented reality (AR) in flooring industry

                             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

                             Exhibit 44:  Al Souriya - Overview

                             Exhibit 45:  Al Souriya - Product and service

                             Exhibit 46:  Al Souriya - Key offerings

                             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

                             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

                             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

                             Exhibit 61:  KhalidSaad Trading Co. - Overview

                             Exhibit 62:  KhalidSaad Trading Co. - Product and service

                             Exhibit 63:  KhalidSaad Trading Co. - Key offerings

                             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

                             Exhibit 68:  Polyflor Ltd. - Overview

                             Exhibit 69:  Polyflor Ltd. - Product and service

                             Exhibit 70:  Polyflor Ltd. - Key offerings

                             Exhibit 71:  Toli Floor Corp. - Overview

                             Exhibit 72:  Toli Floor Corp. - Product and service

                             Exhibit 73:  Toli Floor Corp. - Key offerings

              11.2 Currency conversion rates for US$           

                             Exhibit 74: Currency conversion rates for US$

                             Exhibit 76: Validation techniques employed for market sizing

About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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