Product Code: ETC041480 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Saudi Arabia Wood Flooring market currently, in 2023, has witnessed an HHI of 5956, Which has decreased moderately as compared to the HHI of 10000 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Saudi Arabia is the largest market for wood flooring in the Middle East region. The development of residential and commercial construction has been a key factor driving the growth of Saudi Arabia wood flooring market over recent years. Furthermore, increasing disposable incomes, improved living standards, and awareness about environment-friendly products are expected to contribute to the growth of this market in Saudi Arabia during the forecast period (2025-2031).
The booming real estate industry in Saudi Arabia is one of the major factors contributing to increased demand for wood flooring products from both domestic as well as international suppliers. Government initiatives such as Vision 2031 are also expected to drive further investments into infrastructure projects and housing sector, thus leading to an increased demand for wooden floors during 2025-2031. The rising disposable income levels among people in Saudi Arabia coupled with changing lifestyle preferences have led them to invest more on luxurious home decor items like hardwood floors which provide a better interior look than other types of floorings available in the country`s market. Growing Eco Friendly Products Demand with increasing environmental concerns among consumers, there has been an increase in demand for eco friendly and sustainable materials like bamboo or cork that are used for making wooden floors instead of traditional woods such as oak or mahogany etc., This trend is likely to continue during 2025-2031 due mainly due its sustainability features compared other type of options available currently in this segment.
Wooden floors come with high installation costs along with their maintenance requirements which can be expensive when compared with carpets or vinyl sheet laying services especially when it comes smaller spaces or apartments where cost efficiency matters most rather aesthetics. This could potentially limit their adoption rate even though they offer superior looks than other alternatives. There are several alternatives available nowadays including ceramic tiles, linoleum sheets, luxury vinyl planks, rubber mats, laminates etc., all offer similar benefits at much lower price points , making them preferred choice over hardwood despite being less aesthetically pleasing.
Moreover, various initiatives by government and private entities to promote wooden floorings are also contributing significantly towards the growth of this regional market. COVID-19 had a negative impact on the construction industry due to disruption in supply chain activities, delayed projects, interruption in production activities, etc., which led to decreased demand for wood floorings from both residential and commercial buildings.
Mohawk Industries Inc., Shaw Industries Group Inc., Armstrong Flooring Inc., Tarkett SA , 5) Kronotex GmbH & Co KG , and Interfloor Ltd are some top companies operating in the market and thriving the market growth by providing an innovative product ranges.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Wood Flooring Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Wood Flooring Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Wood Flooring Market - Industry Life Cycle |
3.4 Saudi Arabia Wood Flooring Market - Porter's Five Forces |
3.5 Saudi Arabia Wood Flooring Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Saudi Arabia Wood Flooring Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.7 Saudi Arabia Wood Flooring Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Saudi Arabia Wood Flooring Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Wood Flooring Market Trends |
6 Saudi Arabia Wood Flooring Market, By Types |
6.1 Saudi Arabia Wood Flooring Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Wood Flooring Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Saudi Arabia Wood Flooring Market Revenues & Volume, By Solid Wood, 2021-2031F |
6.1.4 Saudi Arabia Wood Flooring Market Revenues & Volume, By Engineered Wood, 2021-2031F |
6.2 Saudi Arabia Wood Flooring Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Wood Flooring Market Revenues & Volume, By Home Centers, 2021-2031F |
6.2.3 Saudi Arabia Wood Flooring Market Revenues & Volume, By Flagship Stores, 2021-2031F |
6.2.4 Saudi Arabia Wood Flooring Market Revenues & Volume, By Specialty Stores, 2021-2031F |
6.2.5 Saudi Arabia Wood Flooring Market Revenues & Volume, By Online, 2021-2031F |
6.2.6 Saudi Arabia Wood Flooring Market Revenues & Volume, By Other, 2021-2031F |
6.3 Saudi Arabia Wood Flooring Market, By End-User |
6.3.1 Overview and Analysis |
6.3.2 Saudi Arabia Wood Flooring Market Revenues & Volume, By Residential, 2021-2031F |
6.3.3 Saudi Arabia Wood Flooring Market Revenues & Volume, By Commercial, 2021-2031F |
7 Saudi Arabia Wood Flooring Market Import-Export Trade Statistics |
7.1 Saudi Arabia Wood Flooring Market Export to Major Countries |
7.2 Saudi Arabia Wood Flooring Market Imports from Major Countries |
8 Saudi Arabia Wood Flooring Market Key Performance Indicators |
9 Saudi Arabia Wood Flooring Market - Opportunity Assessment |
9.1 Saudi Arabia Wood Flooring Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Saudi Arabia Wood Flooring Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.3 Saudi Arabia Wood Flooring Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Saudi Arabia Wood Flooring Market - Competitive Landscape |
10.1 Saudi Arabia Wood Flooring Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Wood Flooring Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |