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Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market Forecast to 2031
Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market Forecast to 2031 – Regional Analysis – by Type (Rigid and Flexible) and End User (Residential, Commercial, and Institutional)
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Description
Cost-Effectiveness of Luxury Vinyl Tiles (LVT) Flooring Bolsters Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market
Luxury vinyl tiles (LVT) flooring’s affordability compared to natural materials such as hardwood, stone, or ceramic tiles makes it an appealing option for consumers and businesses, especially for those who operate within tight budget constraints. Luxury vinyl tiles (LVT) offer a lower initial purchase price and deliver long-term value through their durability and low maintenance requirements. The ease of installation further enhances its cost-effectiveness, as the straightforward click-and-lock or adhesive installation methods reduce labor costs and construction timelines. This is particularly advantageous for large-scale projects where minimizing labor expenses is critical for staying within budget. Moreover, the long-term durability of luxury vinyl tiles (LVT) flooring contributes to its cost-effectiveness by minimizing replacement and repair expenses over time. Its resistance to scratches, stains, and wear ensures that it maintains its appearance and functionality even in high-traffic areas, reducing the need for frequent repairs or replacements.
The low maintenance requirements of luxury vinyl tiles (LVT) flooring further result in cost savings for homeowners and businesses, as it requires minimal cleaning and upkeep compared to other flooring materials. Furthermore, the customization options available with luxury vinyl tiles (LVT) flooring allow consumers to achieve their desired aesthetic without incurring high costs associated with customizing natural materials. Additionally, advancements in luxury vinyl tiles (LVT) technology have led to the development of energy-efficient and insulating variants, further enhancing its cost-effectiveness by helping to regulate indoor temperatures and reduce energy bills.
Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market Overview
The Middle East & Africa luxury vinyl tiles (LVT) flooring market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. According to the UN World Urbanization Prospects, the rate of urbanization in the Middle East & Africa has grown drastically in a few years, reaching more than 80% for the Middle East and 50% for Africa in 2023. The rising urbanization rates have surged construction activities, particularly in the commercial and residential sectors. This, in turn, has accelerated the demand for modern and stylish flooring solutions. Moreover, rising disposable income levels across the Middle East & Africa have empowered consumers to invest more in enhancing their living spaces. As a result, there has been a growing preference for premium and aesthetically pleasing flooring options such as LVT.
The harsh climatic conditions prevalent in many parts of the Middle East & Africa, including high temperatures and humidity levels, have necessitated the use of durable and moisture-resistant flooring materials. LVT flooring with its water-resistant properties and resilience to wear and tear, has emerged as a popular choice for both residential and commercial applications in the region. Furthermore, the Middle East & Africa’s hospitality sector, which includes hotels, resorts, and luxury accommodation facilities, has been a key contributor to the demand for LVT flooring. The hospitality industry places a premium on aesthetics, durability, and ease of maintenance, making LVT an ideal flooring solution to meet these requirements.
Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market Revenue and Forecast to 2031 (US$ Million)
Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market Segmentation
The Middle East & Africa luxury vinyl tile (LVT) flooring market is segmented based on type, end user, and country.
Based on type, the Middle East & Africa luxury vinyl tile (LVT) flooring market is bifurcated into rigid and flexible. The rigid segment held a larger share in 2023.
In terms of end user, the Middle East & Africa luxury vinyl tile (LVT) flooring market is segmented into residential, commercial, and institutional. The residential segment held the largest share in 2023.
Based on country, the Middle East & Africa luxury vinyl tile (LVT) flooring market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa luxury vinyl tile (LVT) flooring market in 2023.
Mohawk Industries, Inc.; Tarkett; Shaw Industries Group, Inc.; Interface Inc; AHF LLC; and Gerflor Group are some of the leading companies operating in the Middle East & Africa luxury vinyl tile (LVT) flooring market.
Summary Info
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According to Business Market Insights’ research, the Middle East & Africa luxury vinyl tile (LVT) flooring market was valued at US$ 1,130.56 million in 2023 and is expected to reach US$ 2,058.23 million by 2031, registering a CAGR of 7.8% from 2023 to 2031. Technological advancements and expansion of commercial sector are among the critical factors attributed to the Middle East & Africa luxury vinyl tile (LVT) flooring market expansion.
Improved printing technologies have allowed for more realistic and intricate designs, enhancing the aesthetic appeal and making luxury vinyl tiles (LVT) flooring a more attractive option for consumers seeking the look of natural materials such as wood or stone. This innovation opens up new market segments, such as high-end residential properties and design-conscious commercial spaces, where the visual impact of flooring plays a crucial role.
The integration of enhanced performance features such as waterproofing and scratch resistance significantly broadens the applications of luxury vinyl tiles (LVT) flooring. Waterproof luxury vinyl tiles (LVT) allow for installation in moisture-prone areas such as kitchens, bathrooms, and basements, where traditional flooring options, including hardwood or laminate, may not be suitable. This expansion into previously untapped segments of the market increases the versatility and appeal of luxury vinyl tiles (LVT), further driving its demand in both residential and commercial sectors.
The incorporation of scratch-resistant properties enhances the durability and longevity of luxury vinyl tiles (LVT) flooring, making it ideal for high-traffic areas in commercial settings such as retail stores, restaurants, and healthcare facilities. This enhanced durability not only reduces maintenance costs but also extends the lifespan of the flooring, providing long-term value to customers.
On the contrary, environmental concerns hamper the growth of Middle East & Africa luxury vinyl tile (LVT) flooring market.
Based on type, the Middle East & Africa luxury vinyl tile (LVT) flooring market is bifurcated into rigid and flexible. The rigid segment held 71.5% share of the Middle East & Africa luxury vinyl tile (LVT) flooring market in 2023, amassing US$ 808.25 million. It is projected to garner US$ 1,493.05 million by 2031 to expand at 8.0% CAGR during 2023-2031.
In terms of end user, the Middle East & Africa luxury vinyl tile (LVT) flooring market is segmented into residential, commercial, and institutional. The residential segment held 40.3% share of the Middle East & Africa luxury vinyl tile (LVT) flooring market in 2023, amassing US$ 455.33 million. It is estimated to garner US$ 862.73 million by 2031 to expand at 8.3% CAGR during 2023-2031.
Based on country, the Middle East & Africa luxury vinyl tile (LVT) flooring market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Saudi Arabia held 37.3% share of Middle East & Africa luxury vinyl tile (LVT) flooring market in 2023, amassing US$ 421.91 million. It is projected to garner US$ 798.13 million by 2031 to expand at 8.3% CAGR during 2023-2031.
Key players operating in the Middle East & Africa luxury vinyl tile (LVT) flooring market are Mohawk Industries, Inc.; Tarkett; Shaw Industries Group, Inc.; Interface Inc; AHF LLC; and Gerflor Group, among others.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Middle East & Africa luxury vinyl tile (LVT) flooring market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
1. Introduction
1.1 The Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
3.4 Limitations and Assumptions
4. Middle East & Africa Luxury Vinyl Tile (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
4.2.1 Threat of New Entrants
4.2.2 Intensity of Competitive Rivalry
4.2.3 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
5. Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market – Key Market Dynamics
5.1 Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Growing Residential Construction
5.2.2 Cost-Effectiveness of Luxury Vinyl Tiles (LVT) Flooring
5.3 Market Restraints
5.3.1 Environmental Concerns f
5.4 Market Opportunities
5.4.1 Expansion of Commercial Sector
5.5 Future Trends
5.5.1 Technological Advancements
5.6 Impact of Drivers and Restraints:
6. Luxury Vinyl Tile (LVT) Flooring Market – Middle East & Africa Market Analysis
6.1 Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market Volume (Million Sq. Meter), 2020-2031
6.2 Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market Volume Forecast and Analysis (Million Sq. Meter)
6.3 Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market Revenue (US$ Million), 2020-2031
6.4 Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market Forecast and Analysis
7. Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market Volume and Revenue Analysis – by Type
7.1 Rigid
7.1.1 Overview
7.1.2 Rigid: Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market – Revenue and Forecast to 2031 (US$ Million)
7.1.3 Rigid: Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market – Volume and Forecast to 2031 (Million Sq. Meter)
7.2 Flexible
7.2.1 Overview
7.2.2 Flexible: Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market – Revenue and Forecast to 2031 (US$ Million)
7.2.3 Flexible: Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market – Volume and Forecast to 2031 (Million Sq. Meter)
8. Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market Revenue Analysis – by End User
8.1 Residential
8.1.1 Overview
8.1.2 Residential: Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Commercial
8.2.1 Overview
8.2.2 Commercial: Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Institutional
8.3.1 Overview
8.3.2 Institutional: Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market – Revenue and Forecast to 2031 (US$ Million)
9. Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market -Country Analysis
9.1 Middle East & Africa
9.1.1 Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market Overview
9.1.2 Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market Revenue and Forecast and Analysis – by Country
9.1.2.1 Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market Volume and Forecast and Analysis – by Country
9.1.2.2 Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market Revenue and Forecast and Analysis -by Country
9.1.2.3 South Africa Luxury Vinyl Tile (LVT) Flooring Market – Revenue and Forecast to 2031 (US$ Million)
9.1.2.3.1 South Africa Luxury Vinyl Tile (LVT) Flooring Market Breakdown by Type
9.1.2.3.2 South Africa Luxury Vinyl Tile (LVT) Flooring Market Breakdown by End User
9.1.2.4 Saudi Arabia Luxury Vinyl Tile (LVT) Flooring Market – Revenue and Forecast to 2031 (US$ Million)
9.1.2.4.1 Saudi Arabia Luxury Vinyl Tile (LVT) Flooring Market Breakdown by Type
9.1.2.4.2 Saudi Arabia Luxury Vinyl Tile (LVT) Flooring Market Breakdown by End User
9.1.2.5 United Arab Emirates Luxury Vinyl Tile (LVT) Flooring Market – Revenue and Forecast to 2031 (US$ Million)
9.1.2.5.1 United Arab Emirates Luxury Vinyl Tile (LVT) Flooring Market Breakdown by Type
9.1.2.5.2 United Arab Emirates Luxury Vinyl Tile (LVT) Flooring Market Breakdown by End User
9.1.2.6 Rest of Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market – Revenue and Forecast to 2031 (US$ Million)
9.1.2.6.1 Rest of Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market Breakdown by Type
9.1.2.6.2 Rest of Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market Breakdown 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 Mohawk Industries Inc
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 Tarkett
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 Shaw Industries Group Inc
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 Interface 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 AHF LLC
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 Gerflor SAS
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 Forbo Holding AG
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
13. Appendix
13.1 About The Research Team
Table 1. Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market Segmentation
Table 2. Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market – Volume and Forecast to 2031 (Million Sq. Meter)
Table 3. Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market – Revenue and Forecast to 2031 (US$ Million)
Table 4. Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market – Volume and Forecast to 2031 (Million Sq. Meter) – by Type
Table 5. Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 6. Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 7. Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market – Volume and Forecast to 2031 (Million Sq. Meter) – by Country
Table 8. Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 9. South Africa Luxury Vinyl Tile (LVT) Flooring Market -Volume and Forecast to 2031 (Million Sq. Meter) – by Type
Table 10. South Africa Luxury Vinyl Tile (LVT) Flooring Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 11. South Africa Luxury Vinyl Tile (LVT) Flooring Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 12. Saudi Arabia Luxury Vinyl Tile (LVT) Flooring Market -Volume and Forecast to 2031 (Million Sq. Meter) – by Type
Table 13. Saudi Arabia Luxury Vinyl Tile (LVT) Flooring Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 14. Saudi Arabia Luxury Vinyl Tile (LVT) Flooring Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 15. United Arab Emirates Luxury Vinyl Tile (LVT) Flooring Market -Volume and Forecast to 2031 (Million Sq. Meter) – by Type
Table 16. United Arab Emirates Luxury Vinyl Tile (LVT) Flooring Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 17. United Arab Emirates Luxury Vinyl Tile (LVT) Flooring Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 18. Rest of Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market -Volume and Forecast to 2031 (Million Sq. Meter) – by Type
Table 19. Rest of Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 20. Rest of Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 21. Heat Map Analysis by Key Players
Figure 1. Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market Segmentation, by Country
Figure 2. Porter’s Analysis
Figure 3. Ecosystem: Luxury Vinyl Tiles (LVT) Flooring Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market Volume (Million Sq. Meter), 2020-2031
Figure 6. Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market Revenue (US$ Million), 2020-2031
Figure 7. Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market Share (%) – Type, 2023 and 2031
Figure 8. Rigid: Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. Rigid: Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market – Volume and Forecast to 2031 (Million Sq. Meter)
Figure 10. Flexible: Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. Flexible: Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market – Volume and Forecast to 2031 (Million Sq. Meter)
Figure 12. Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market Share (%) – End User, 2023 and 2031
Figure 13. Residential: Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. Commercial: Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. Institutional: Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market – Revenue by Key Countries 2023 (US$ Million)
Figure 17. Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 18. South Africa Luxury Vinyl Tile (LVT) Flooring Market – Revenue and Forecast to 2031 (US$ Million)
Figure 19. Saudi Arabia Luxury Vinyl Tile (LVT) Flooring Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. United Arab Emirates Luxury Vinyl Tile (LVT) Flooring Market – Revenue and Forecast to 2031 (US$ Million)
Figure 21. Rest of Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market – Revenue and Forecast to 2031 (US$ Million)
Figure 22. Company Positioning & Concentration
The List of Companies – Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market
o Mohawk Industries, Inc.
o Tarkett
o Shaw Industries Group, Inc.
o Interface Inc
o AHF LLC
o Gerflor Group
o Forbo Holding AG
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