Press Release Description

Rising demand from hospitality industry to drive Qatar Furniture Market

The Qatar Furniture market is projected to grow at a CAGR of around 5.63% in the forecast period of 2023-28, says MarkNtel Advisors in their recent research report. The emergence of the country as a major tourist spot in the middle eastern region has resulted in an increased number of visitors to the country. Which has further generated the need for the construction of luxury hotels & resorts. These newly constructed buildings require furniture & fittings both for indoor & outdoor purposes to make them habitable & look decorative. This is the major factor driving the growth of the market in Qatar. Along with it, the rising preferences of the elite society to shift to luxurious residents to meet their housing requirements are magnifying the construction & sales of luxurious villas, bungalows, etc., thus, supporting the sales of home furniture articles like bedroom furniture, kitchen furniture, and others. This, in turn, is boosting the sales of these articles in Qatar.

Further, the hosting of several internal sports events, such as the IAAF World Championship, the 2019 Gulf Cup, FIFA World Cup Qatar 2022, etc. generated the need for the construction of luxury hotels, resorts, hostels, etc., to provide a comfortable & lavish stay to the guests, which can further attract more tourists in the coming years. Thus, this led to the construction of various 5- & 7-star hotels in Qatar, which created more demand for furniture & furnishing articles for decoration & refurbishment.

Apart from it, the government of the country is focusing on the diversification of the economy from oil-based to other avenues, like the construction of commercial & office spaces. These spaces also require articles, such as chairs, tables, sofas, and many other decorative articles to make them look more aesthetic. This is the prominent factor projected to augment the demand in Qatar during the forecast period, further states the research report, “Qatar Furniture Market Analysis, 2023.”

Qatar Furniture Market

Plastic-based to Overpower Wood-based Furniture in the Forecast Years

Based on the material, the market is classified as Plastic, Wood, and Metal. Among them, Wood-based furniture was the most preferred & captured a substantial share of the market over the past period due to its attractive engraved designs & elegant appearance. Nevertheless, Plastic-based furniture products, such as tables, chairs, shelves, etc., are envisioned to overpower the overall market in the coming years. As these products are more durable compared to wood- & metal-based & are lightweight, easy to use, and come in a huge variety, becoming another prominent reason for the increased sales in the coming years. Apart from it, plastic-based sets are suited for indoor & outdoor use, thus resulting in more demand, thereby augmenting sales in Qatar during the forecast period.

Growing Prominence of Online Stores Over Offline Stores During 2023-28

Based on Distribution Channel, the market is further bifurcated into Offline Stores (Specialty Stores, Hypermarkets & Supermarkets, and Others) & Online Stores. Among them, Offline Stores held a prominent share of the market over the past period, as they provide a variety of furniture in one place with a physical display of the articles, making it convenient for the customers to get the assurance of the articles & the material by touching it.  

However, Online Stores in various sectors also had a positive impact on the sales of furniture. Nowadays, several brands have started their operations online, with easy return & replacement policies. Apart from it, many online websites have hi-tech VR & AI embedded in them, which allows customers to have a real-life experience of buying them from the stores. Further, online platforms also support the 3D feature to check if a particular style would suit their house decor or not, thus making online stores one of the major distribution channels to upscale the revenue of the market in the forthcoming years.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Tivoli Furniture, Almuftah Group, Al Rugaib Furniture, IKEA, Home Center, Marina Home, Danube Home, Almana Maple, Decoration World, Depa Qatar, The One, Home RUs etc., are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

  1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
  2. What are the trends influencing the current scenario of the market?
  3. What key factors would propel and impede the industry across the region?
  4. How has the industry been evolving in terms of geography & product adoption?
  5. How has the competition been shaping across various countries?
  6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2018-28?
  7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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