Saudi Arabia Carpet and Rugs Market Growth, Size, Trends, Share, Demand and Future Outlook
Saudi Arabia Carpet and Rugs Market Size- By Type, By Application, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Sep-2024 | Report ID: FMCG24159 | Pages: 1 - 109 | Formats*: |
| Category : Consumer & Retail | |||
Saudi Arabia Carpet and Rugs Market Introduction and Overview
According to SPER Market Research, the Saudi Arabia Carpet and Rugs Market is estimated to reach USD 0.52 billion by 2033 with a CAGR 3.73%.
The report includes an in-depth analysis of the Saudi Arabia Carpet and Rugs Market, including market size and trends, product mix, distribution channels, and supplier analysis. Textile floor coverings, such as carpets and rugs, improve the comfort and visual appeal of interior areas. Rugs are smaller, more transportable items that can be utilized to highlight particular locations, like under furniture or in entryways, but carpets usually cover entire rooms and are frequently laid wall to wall, offering insulation and sound absorption. Both have different textures and levels of durability and are available in a range of materials, including as wool, nylon, and synthetic fibers. They may be personalized and coordinated with a wide range of home design styles because they come in an endless variety of designs, colors, and patterns.
- The purchase of Global Views, a well-known wholesaler of home furnishings and decorative items, was officially announced by Surya in April 2023. As a result of the agreement, Surya will be able to expand its product line of home furnishings with a greater selection of accent pieces and accessories, thus helping it to better service and enter the expanding high-end interior design market.
- The Makkah Grand Mosque's carpets, which were made in Saudi Arabia, have incredible features similar to those of high-tech prayer mats in April 2023. To make life easier for worshippers, these carpets or mats with radio-frequency identification (RFID) systems have been placed throughout the mosque.
Market Opportunities and Challenges
Opportunities: Rugs and carpets are in high demand because of their useful and beautiful qualities. They provide a sense of refinement to the decor and are a terrific addition to any house or workplace. They also protect flooring by offering a layer of cushioning, which is particularly helpful for people who live in cold areas. Over the course of the projected period, the Saudi Arabian carpet and rug market is anticipated to rise significantly. Customer preferences, an emphasis on home interior design, shifting lifestyles, rising consumer income levels, the growth of the transportation and construction industries, the need for environmentally friendly carpets, and the growing popularity of carpet tiles are some of the major factors driving the industry. Saudi Arabia's building industry is steadily expanding, which has raised demand for carpets and rugs. This is because funding for both new home development and home repair projects has increased dramatically. The development of building construction activities and the rising cost of building repairs and improvements are the main reasons for the rise of the carpet and rug market in Saudi Arabia.
Challenges: The extreme fluctuations in raw material prices, particularly for crude oil—the primary component used to make nylon and polyester staple fiber—are a concern. The price of nylon and other fibers rises due to fluctuations in the price of crude oil, which raises the cost of the raw materials used to make carpets and rugs. This element is impeding the market's expansion. Additionally, hefty trade tariffs and the government-led dumping of carpets and rugs by a number of nations restrict market expansion.
Market Competitive Landscape
The market for carpets and rugs in Saudi Arabia is fairly consolidated, with some of the leading companies, like Al Sorayai, Al Abdullatif, Balta Group, Oriental Weavers, and AL Sadoun, present. Small and medium-sized businesses are becoming more and more competitive in the market, while multinational corporations are attempting to gain market share through product innovation and design.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Application, By Distribution Channel. |
| Regions covered | Eastern Region, Western Region, Northern Region, Southern Region |
| Companies Covered | Al Abdullatif Industrial Investment Company, Al Kaffary Group, Al Sadoun Group, Al Sorayai Trading and Industrial Group, Al-Mira Centre for Carpet and Furniture, Balta Group, Carpet Lands, EGE Carpets, Heritage Carpets Company Ltd, Mada Carpets, Merinos, Oriental Weavers, Others. |
COVID-19 Impact on Saudi Arabia Carpet and Rugs Market
The Covid-19 outbreak had a negative impact on the carpet and rug sector. The government implemented lockdown in an attempt to stop the virus from spreading, which had a major impact on the supply of raw materials and the production of carpets and rugs. The market for carpets and rugs saw a sharp fall as a result of government restrictions on lodging facilities, eateries, and workplaces. The COVID-19 pandemic outbreak caused major disruptions to the distribution system by imposing limits on supermarkets, hypermarkets, and brand stores. E-commerce has greatly enhanced the distribution network and supply chain.
Key Target Audience:
- Residential Consumers
- Commercial Businesses
- Interior Designers and Decorators
- Architects
- Hospitality Industry
- Retail Outlets
- Property Developers
- Government and Institutional Buyers
Our in-depth analysis of the Saudi Arabia Carpet and Rugs Market includes the following segments:
| By Type: | |
| By Application: | |
| By Distribution Channel: |
Key Topics Covered in the Report:
- Saudi Arabia Carpet and Rugs Market Size (FY’2024-FY’2033)
- Overview of Saudi Arabia Carpet and Rugs Market
- Segmentation of Saudi Arabia Carpet and Rugs Market By Type (Wall to Wall Tufted Carpet, Wall to Wall Woven Carpet, Rugs)
- Segmentation of Saudi Arabia Carpet and Rugs Market By Application (Residential, Commercial)
- Segmentation of Saudi Arabia Carpet and Rugs Market By Distribution Channel (Contractors, Retail, Others)
- Expansion Analysis of Saudi Arabia Carpet and Rugs Market
- Problems and Obstacles in Saudi Arabia Carpet and Rugs Market
- Competitive Landscape in the Saudi Arabia Carpet and Rugs Market
- Impact of COVID-19 and Demonetization on Saudi Arabia Carpet and Rugs Market
- Details on Current Investment in Saudi Arabia Carpet and Rugs Market
- Competitive Analysis of Saudi Arabia Carpet and Rugs Market
- Prominent Players in the Saudi Arabia Carpet and Rugs Market
- SWOT Analysis of Saudi Arabia Carpet and Rugs Market
- Saudi Arabia Carpet and Rugs Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Saudi Arabia Carpet and Rugs Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Saudi Arabia Carpet and Rugs Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Saudi Arabia Carpet and Rugs Market
7. Saudi Arabia Carpet and Rugs Market, By Type (USD Million) 2020-2033
7.1. Saudi Arabia Carpet and Rugs Market Size, Share and Forecast, By Type, 2020-20267.2. Saudi Arabia Carpet and Rugs Market Size, Share and Forecast, By Type, 2027-20337.3. Wall to Wall Tufted Carpet7.4. Wall to Wall Woven Carpet7.5. Rugs
8. Saudi Arabia Carpet and Rugs Market, By Application (USD Million) 2020-2033
8.1. Saudi Arabia Carpet and Rugs Market Size, Share and Forecast, By Application, 2020-20268.2. Saudi Arabia Carpet and Rugs Market Size, Share and Forecast, By Application, 2027-20338.3. Residential8.4. Commercial
9. Saudi Arabia Carpet and Rugs Market, By Distribution Channel (USD Million) 2020-2033
9.1. Saudi Arabia Carpet and Rugs Market Size, Share and Forecast, By Distribution Channel, 2020-20269.2. Saudi Arabia Carpet and Rugs Market Size, Share and Forecast, By Distribution Channel, 2027-20339.3. Contractors9.4. Retail9.5. Others
10. Saudi Arabia Carpet and Rugs Market Forecast, 2020-2033 (USD Million)
10.1. Saudi Arabia Carpet and Rugs Market Size and Market Share
11. Saudi Arabia Carpet and Rugs Market, By Region, 2020-2033 (USD Million)
11.1. Saudi Arabia Carpet and Rugs Market Size and Market Share By Region (2020-2026)11.2. Saudi Arabia Carpet and Rugs Market Size and Market Share By Region (2027-2033)11.3. Eastern Region11.4. Western Region11.5. Northern Region11.6. Southern Region
12. Company Profile
12.1. Al Abdullatif Industrial Investment Company
12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments
12.2. Al Kaffary Group
12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments
12.3. Al Sadoun Group
12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments
12.4. Al Sorayai Trading and Industrial Group
12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments
12.5. Al-Mira Centre for Carpet and Furniture
12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments
12.6. Balta Group
12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments
12.7. Carpet Lands
12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments
12.8. EGE Carpets
12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments
12.9. Heritage Carpets Company Ltd
12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments
12.10. Mada Carpets
12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments
12.11. Merinos
12.11.1. Company details12.11.2. Financial outlook12.11.3. Product summary12.11.4. Recent developments
12.12. Oriental Weavers
12.12.1. Company details12.12.2. Financial outlook12.12.3. Product summary12.12.4. Recent developments
12.13. Others
13. Conclusion
14. Reference Links
15. List of Abbreviations
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Saudi Arabia Carpet and Rugs Market is projected to reach USD 0.52 billion by 2033, growing at a CAGR of 3.73% during the forecast period.
Saudi Arabia Carpet and Rugs Market grew in Market size from 2024. The Market is expected to reach USD 0.52 billion by 2033, at a CAGR of 3.73% during the forecast period.
Saudi Arabia Carpet and Rugs Market CAGR of 3.73% during the forecast period.
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Saudi Arabia Carpet and Rugs Market size is USD 0.52 billion from 2024 to 2033.
Saudi Arabia Carpet and Rugs Market is covered By Type, By Application, By Distribution Channel.
The Middle East is anticipated to have the highest Market share in the Saudi Arabia Carpet and Rugs Market.
The key players in the Market include Companies Covered Al Abdullatif Industrial Investment Company, Al Kaffary Group, Al Sadoun Group, Al Sorayai Trading and Industrial Group, Al-Mira Centre for Carpet and Furniture, Balta Group, Carpet Lands, EGE Carpets, Heritage Carpets Company Ltd, Mada Carpets, Merinos, Oriental Weavers, Others.
Textile floor coverings, such as carpets and rugs, improve the comfort and visual appeal of interior areas. Rugs are smaller, more transportable items that can be utilized to highlight particular locations, like under furniture or in entryways, but carpets usually cover entire rooms and are frequently laid wall to wall, offering insulation and sound absorption.
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