Floor Covering - Chad

Chad

Highlights

In Chad, the revenue generated in the Floor Covering market in 2024 amounts to US$832.90k.
It is projected that the market will experience an annual growth rate of 4.17% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue in this market, with a total of US$6bn in 2024.
In terms of per person revenues, in Chad generates US$0.04 in 2024.
Chad's floor covering market is experiencing a surge in demand for traditional woven rugs and mats, reflecting the country's rich cultural heritage.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Floor Covering Market in the DIY & Hardware Store Market in Chad has seen slow growth due to factors such as limited consumer spending, lack of infrastructure, and low awareness of the benefits of DIY home improvement. Despite this, the market continues to expand at a negligible rate.

Customer preferences: Consumer preferences in the Floor Covering Market within the DIY & Hardware Store Market in Chad have shifted towards sustainable and eco-friendly options. This trend is fueled by the growing awareness of environmental issues and the desire to reduce carbon footprint. Additionally, there is a rising demand for customizable and personalized flooring solutions, catering to individual aesthetic preferences. This shift is influenced by the country's diverse cultural heritage and the increasing disposable income of younger generations, who prioritize unique and personalized home décor.

Trends in the market: In Chad, the Floor Covering Market within the DIY & Hardware Store Market is experiencing a shift towards eco-friendly and sustainable flooring options. This trend is driven by increasing consumer awareness of environmental impact and the desire for more durable, long-lasting products. Additionally, there is a growing demand for easy-to-install flooring solutions, as more DIY and home renovation projects are undertaken by consumers. This trend presents opportunities for industry stakeholders to offer innovative and eco-friendly products and services, while also catering to the demand for convenience and cost-effectiveness.

Local special circumstances: In Chad, the Floor Covering Market within the DIY & Hardware Store Market is heavily influenced by the country's primarily rural population and lack of infrastructure. This results in a reliance on traditional building materials and methods, limiting the demand for modern floor coverings. Additionally, the country's strict regulatory environment and limited access to imports make it challenging for DIY and hardware stores to offer a diverse range of flooring options. Thus, the market is driven by local, low-cost solutions, such as handmade rugs and mats, rather than large-scale commercial products.

Underlying macroeconomic factors: The growth of the Floor Covering Market within the DIY & Hardware Store Market in Chad is heavily influenced by macroeconomic factors such as the country's GDP growth, consumer spending patterns, and government policies. With a consistently high GDP growth rate, fueled by the oil industry, Chad's economy is experiencing steady growth, leading to an increase in consumer purchasing power. Additionally, the government's focus on developing the infrastructure sector, including housing and construction, is driving the demand for floor covering products in the DIY & Hardware Store Market. Furthermore, the country's rising population and urbanization rate are creating a demand for affordable and durable floor covering solutions, contributing to the growth of the market.

Data coverage:

Data encompasses B2C enterprises. Figures are segmented by product type and consist of the following: Paint, Wallpaper & Supplies, Tools & Machines, Hardware and Building Materials, Lawn & Garden, Heating & Cooling, Bathroom Hardware, and Floor Covering.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as product value, import value, and export value to determine domestic supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are turnover indices, GDP per capita, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.