Investing in a rubber tile factory in the UAE is regarded as a promising investment opportunity in 2022. According to official statistics for the past five years from 2017 to 2021, the annual average value of the UAE imports of rubber products is USD 1.78 billion.
What is rubber tile?
Rubber tiles are characterized by their durability, long lifespan, ease of installation and removal, and availability in a variety of colors, making them widely used in warehouses, hospitals, pedestrian paths in gardens, playgrounds, and tourist resorts. Given the growing demand for rubber tiles recently, the project is highly expected to achieve significant returns as soon as its products the target markets and sectors.
The global market value of rubber tile industry was estimated at USD 38.7 billion in 2020. It reached USD 41.2 billion by the end of 2021. By 2028, It is expected to reach USD 67.7 billion, with a CAGR of 7.2% between (2021 to 2028).
The UAE is currently seeking to promote the domestic economy and reinforce fundamentals of its non-oil economy, striving to elevate the UAE economy to a distinguished standing amidst the world’s economies.
According to official statistics, the number of establishments operating in the manufacturing industries is estimated at 33,448, with an annual growth of 1.5%. As a result, this number is expected to increase to 38,188 establishment by 2027, indicating the promising investment opportunity of rubber tile factory in the UAE.
Don’t hesitate to contact the Mashroo3k Investor Services team for obtaining further details on the latest economic sector indicators and investment opportunities in the UAE, as well as prominent financing entities supporting prosperous investment projects in the UAE.
