Middle East & Africa Ceramic Tiles Market Size & Outlook
Middle East & Africa ceramic tiles market, 2018-2030 (US$M)
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MEA ceramic tiles market highlights
- The MEA ceramic tiles market generated a revenue of USD 23,384.7 million in 2023.
- The market is expected to grow at a CAGR of 4.3% from 2024 to 2030.
- In terms of segment, non-residential was the largest revenue generating application in 2023.
- Residential is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 23,384.7 million |
| Market revenue in 2030 | USD 31,332.5 million |
| Growth rate | 4.3% (CAGR from 2023 to 2030) |
| Largest segment | Non-residential |
| Fastest growing segment | Residential |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Residential, Non-residential |
| Key market players worldwide | Mohawk Industries Inc, Armstrong World Industries Inc, Antelope Enterprise Holdings Ltd, Kajaria Ceremics, Atlas Concorde, RAK Ceramics, Victoria PLC, Florida Tile Industries Inc, Porcelanosa, GRUPPO CERAMICHE RICCHETTI, Monalisa Group, New Pearl Group, Florim Ceramiche |
Other key industry trends
- In terms of revenue, MEA region accounted for 16.8% of the global ceramic tiles market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 24,141.3 million by 2030.
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Ceramic Tiles Market Scope
Ceramic Tiles Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa ceramic tiles market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ceramic tiles market will help companies and investors design strategic landscapes.
Non-residential was the largest segment with a revenue share of 54.01% in 2023. Horizon Databook has segmented the Middle East & Africa ceramic tiles market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
Construction industry in the Middle East & Africa is expected to face few challenges due to uncertainty regarding government spending on infrastructure projects. The recovery of oil prices is lessening the burden on government finances, which, in turn, is expected to give rise to new models of development, such as public-private partnerships for infrastructure development.
In addition, the presence of a significant consumer base in the region is expected to benefit the market in terms of growth over the forecast period. Construction industry in the region is expected to witness a rebound growth over the forecast period owing to the expansion of oil production, increase in investments, and improved weather conditions.
According to Flitch Rating and International Monetary Fund, strong government spending in GCC countries is expected to increase the spending in the construction of hospitals, leisure projects, and schools, which, in turn, is expected to propel the market growth in the region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa ceramic tiles market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa ceramic tiles market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA ceramic tiles market size, by country, 2018-2030 (US$M)
Middle East & Africa Ceramic Tiles Market Outlook Share, 2023 & 2030 (US$M)
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