Saudi Arabia Carpet and Rugs Market Report and Forecast 2024-2032

Saudi Arabia Carpet and Rugs Market Outlook

The Saudi Arabia carpet and rugs market size reached approximately USD 1.77 billion in 2023. The market is further projected to grow at a CAGR of 5% between 2024 and 2032, reaching a value of USD 2.76 billion by 2032.

Key Trends in the Market

Carpets and rugs are floor coverings prepared by weaving jute, cotton, silk, and wool, among others and are used for decorating offices and homes around the globe. Both carpets and rugs can be placed anywhere on the floors and can be easily moved around. Rugs are typically smaller than carpets, which usually cover the entirety of a room’s floor.

• The increasing emphasis on home decor, rising disposable incomes, and changing consumer preferences are aiding the Saudi Arabia carpet and rugs market growth. Well placed carpets and rugs help in anchoring the furniture and décor of the living spaces by supporting the creation of a comfortable and cozy environment, fuelling the product demand.

• The adoption of carpets and rugs by the commercial sector is rising as they reduce noise made while walking. Sandals and hard shoes often generate tapping sounds that creates disturbance that not only effects the individuals occupying that floor but also the ones working on the lower floors.

• Rising home remodelling and renovation activities are boosting the demand for carpets and rugs in Saudi Arabia as they act as a protective layer while elevating the aesthetic appeal of the houses. The availability of carpets and rugs in different colours, designs, and shapes in the region is further boosting the market expansion.

Saudi Arabia Carpet and Rugs Market Analysis

On the basis of type, the market is divided into tufted, woven, needle-punched, and knotted, among others. Based on material, the market is classified into nylon, polyester, and polypropylene, among others. On the basis of application, the market is bifurcated into residential and commercial. Based on distribution channel, the Saudi Arabia carpet and rugs market segmentation includes mass merchandisers, home centres, and speciality stores, among others.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Al Sorayai Group

• Al Abdullatif Industrial Investment Company 

• Al Sadoun Group 

• Ege Carpets 

• Riyadh Velvet Factory 

• Oriental Weavers Group 

• Al-Mira Center For Carpet And Furniture 

• Mada Carpet Company (Al Rajhi Holding) 

• Merinos A.S. 

• Others

Market Share by Type

Tufted carpets and rugs are anticipated to account for a significant Saudi Arabia carpet and rugs market share owing to their easy installation, cost efficient nature, and aesthetic appeal. Additionally, various tufted carpets and rugs are treated with stain resistant products prior to installation, boosting their durability. The carpets and rugs have a soft and smooth feel to them and help in elevating the aesthetic appeal of the surroundings and can be subjected to both machine and hand wash.

Market Share by Application

Residential applications are expected to account for a significant share of the market over the forecast period. This growth can be attributed to the rising investments in the residential construction sector in Saudi Arabia. Increasing home renovation projects and rising residential construction activities are boosting the Saudi Arabia carpet and rugs market demand. Increased spendings towards home repair and improvement activities due to the rising disposable incomes of the regional population is further supporting the segment growth.

Competitive Landscape

Al Sorayai Group, headquartered in Jeddah, Saudi Arabia, is involved in the manufacturing of rugs, curtains, textiles, and carpets. The company is also involved in the sale and import of high quality quilts and blankets.

Ege Carpets in primarily involved in the development, marketing, and production of rugs and carpets. The company uses advanced technologies and measures to minimise the impact of carpet production. Their product portfolio comprises of woven, flat-woven, and tufted carpets, among others.

Riyadh Velvet Factory, headquartered in Riyadh, Saudi Arabia, is an exporter and manufacturer of velvet carpets, prayer rugs, and upholstery fabrics, among others. The company is known for offering innovative product designs and using high quality polypropylene, polyester, and acrylic.

Other Saudi Arabia carpet and rugs market key players include Al Sorayai Group, Al Abdullatif Industrial Investment Company, Al Sadoun Group, Ege Carpets, Riyadh Velvet Factory, Oriental Weavers Group, Al-Mira Center For Carpet And Furniture, Mada Carpet Company (Al Rajhi Holding), and Merinos A.S., among others.

Key Highlights of the Report