𝐓𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐕𝐢𝐧𝐲𝐥 𝐅𝐥𝐨𝐨𝐫𝐢𝐧𝐠 𝐢𝐧 𝐒𝐚𝐮𝐝𝐢 𝐀𝐫𝐚𝐛𝐢𝐚: 𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧𝐬
Market Overview
The Saudi Arabian vinyl flooring market will generate revenue of USD 273.8 million in 2024, and it is expected to witness a CAGR of 5.3% during 2024–2030, to reach USD 373.1 million by 2030. Vinyl has many advantages, including low cost, easy to clean and wear resistant; The vinyl floor model also has a strong ability to prevent being scratched, stained or wet, making it suitable for both private homes and commercial premises.
This is because it comes with features such as strength, durability, low maintenance as well as competitively appealing looks that has seen it gain popularity in areas such as shopping centers, hotels as well as resorts.
The key prospective hotels in the Kingdom include: Four Season Hotel Diriyah, Six Senses Southern Dunes & Six Senses Amaala, St. Regis Red Sea Resort & Nujuma, Four Season Resort Sindalah and Four Seasons resort Jeddah. Another aspect that may be taken into account to extend vinyl flooring market is the persistent construction of offices and retail areas.
This material is therefore utilized due to its easy to clean, water resistance, and indoor air quality improvement property; it is especially used in healthcare and educational sectors.
In regards to the factors affecting Saudi Arabian vinyl flooring business they include the following: The above factors show that there is growing number of infrastructures and projects that fuels the growth of vinyl flooring market in KSA. Three giant projects that have significantly embraced architecture and pushed for the development of long-lasting, low-cost, and beautiful flooring solutions include NEOM City, Qiddiya, and Red Sea Project.
For more insights, check out the detailed report@ https://www.psmarketresearch.c....om/market-analysis/s
Key Insights
Luxury vinyl tiles category dominates the market in 2024 with around 50% revenue share.
Expected to witness the highest CAGR during 2024–2030.
Popular for residential and commercial buildings due to their durability, appealing appearance, and superior quality.
Residential category is expected to witness the highest CAGR of 5.7% during 2024–2030.
High demand for flooring in apartments, villas, traditional houses, and farmhouses.
Preferred for its low cost, aesthetic appeal, and longevity.
Under Saudi Vision 2030, over 500,000 residential units planned by 2030.
Growing population and urbanization in Saudi Arabia are driving significant development in the residential sector, increasing demand for vinyl flooring.
Al-Riyadh has acquired the largest market share of 40% in 2024.
High population and urbanization rate.
Increasing construction and renovation of commercial and residential buildings.
Rising demand for aesthetically pleasing flooring materials.
Makkah is growing significantly during 2024–2030.
A hub for business, tourism, and religion.
Large-scale construction of hotels, shopping centers, and residential complexes.
Increased need for vinyl flooring driven by extensive construction activities.
