GCC Furniture Rental Market Size, Share & Growth Report, 2030

GCC Furniture Rental Market Research Report: Forecast (2024-2030)

By Product Type (Indoor Furniture, [Bedroom Furniture, Dining Furniture, Office Furniture, Kitchen Furniture, Living Room Furniture, Storage Furniture], Outdoor Furniture), By Type of Furniture (Bed,... ... of Furniture (Bed, Sofa & Couch, Table & Desk, Chair & Stool, Wardrobes & Dresser, Others (Nightstand, storage benches, etc.)), By Material (Wood, Plastic, Others (Leather, Glass, Metal, etc.)), By End-Users (Residential, Offices, Healthcare Sector, Retail, Others (Government Agencies, Entertainment sector, etc.)), By Country (The UAE, Saudi Arabia, Oman, Qatar, Kuwait, Bahrain), By Company (ARREKA, Arena Group PLC, Innovative Hiring, Style Works, Risala Furniture, CORT, Chapter One, Indigo Living Limited, Lafeef, The Furniture Rental Company and others) Read more

FMCG
Oct 2023
Pages 145
Report Format: PDF, Excel, PPT

Market Insights & Analysis: GCC Furniture Rental Market (2024-30):

GCC Furniture Rental Market is estimated to grow at a CAGR of around 7.35% during the forecast period, i.e., 2024-30, due to the significant construction of hotels, multi-cuisine restaurants, resorts, etc. The retail & hospitality sector would likely foresee significant growth in the GCC Furniture Rental Market in the forecast years, as the inbound tourists are rising across the region mainly for occupational purposes.

In addition, the GCC region is known for its dynamic economy, attracting a significant expatriate population and businesses. As a result, there is a consistent demand for rental furniture for both residential and commercial purposes. They offer lucrative employment opportunities, tax benefits, and a high standard of living, which attract a significant expatriate population. These expats often opt for rental furniture as it provides flexibility, convenience, and cost-effectiveness during their stay in the region.

Report Coverage	Details
Study Period	Historical Data: 2019-22
	Base Year: 2023
	Forecast Period: 2024-30
CAGR (2024-2030)	7.35%
Country Covered	The UAE, Saudi Arabia, Oman, Qatar, Kuwait, Bahrain
Key Companies Profiled	ARREKA, Arena Group PLC, Innovative Hiring, Style Works, Risala Furniture, CORT, Chapter One, Indigo Living Limited, Lafeef, The Furniture Rental Company and others
Unit Denominations	USD Million/Billion

Furthermore, the GCC region has witnessed a significant expansion in the e-commerce sector which is driven by the widespread adoption of smartphones in this region and a further surge in internet subscribers, the procedure for furniture rental has significantly become more convenient and economical for the population in the GCC region. For instance,

In 2021, as reported by the CIPS (Chartered Institute of Procurement & Supply) the rising acceleration in the e-commerce platform in the GCC region, predicted the elevation in the e-commerce market to double to USD 50 billion in the next five years.

This upsurge in the adoption of the e-commerce platform in the GCC region empowers customers to effortlessly and affordably rent different styles of furniture based on their choice with convenience in their purchase.

Moreover, various events such as wedding anniversaries, birthday parties, cooperate gatherings, etc are organized and overseen by event managers, hotels, and diverse commercial venues. Based on the varied themes, these events necessitate distinct furniture and ambiance arrangements, which is driving the demand for affordable and stylish furniture. This upwelling in the demand for furniture rental in such events contributes to the expansion of the furniture rental market share in the GCC region and is anticipated to increase the market size in the upcoming years as well.

Additionally, in recent years the rising trend towards rented apartments is escalating in major cities of the GCC region including Dubai, Riyadh Abu Dhabi, etc. This is driven by the increase in the working population which is relocating to the urban area and is seeking affordable and aesthetic furniture. This enhances the demand and the market size of furniture rental in this region and is expected to accelerate the market share during 2024-2030.

GCC Furniture Rental Market Research Report (2024-2030) - Table of Contents

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumption
Executive Summary
GCC Furniture Rental Market Trends & Insights
GCC Furniture Rental Market Dynamics
1. Drivers
2. Challenges
GCC Furniture Rental Market Hotspots & Opportunities
GCC Furniture Rental Market Regulations & Policies
GCC Furniture Rental Market Supply Chain Analysis
GCC Furniture Rental Market Outlook, 2019-2030
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Product Type
    1. Indoor Furniture- Market Size & Forecast 2019-2030, (USD Million)
      1. Bedroom Furniture- Market Size & Forecast 2019-2030, (USD Million)
      2. Dining Furniture- Market Size & Forecast 2019-2030, (USD Million)
      3. Office Furniture- Market Size & Forecast 2019-2030, (USD Million)
      4. Kitchen Furniture- Market Size & Forecast 2019-2030, (USD Million)
      5. Living Room Furniture- Market Size & Forecast 2019-2030, (USD Million)
      6. Storage Furniture- Market Size & Forecast 2019-2030, (USD Million)
    2. Outdoor Furniture- Market Size & Forecast 2019-2030, (USD Million)
  2. By Type of Furniture
    1. Bed- Market Size & Forecast 2019-2030, (USD Million)
    2. Sofa & Couch- Market Size & Forecast 2019-2030, (USD Million)
    3. Table & Desk- Market Size & Forecast 2019-2030, (USD Million)
    4. Chair & Stool- Market Size & Forecast 2019-2030, (USD Million)
    5. Wardrobes & Dresser- Market Size & Forecast 2019-2030, (USD Million)
    6. Others (Nightstand, storage benches, etc.)- Market Size & Forecast 2019-2030, (USD Million)
  3. By Material
    1. Wood- Market Size & Forecast 2019-2030, (USD Million)
    2. Plastic- Market Size & Forecast 2019-2030, (USD Million)
    3. Others (Leather, Glass, Metal, etc.)- Market Size & Forecast 2019-2030, (USD Million)
  4. By End-Users
    1. Residential- Market Size & Forecast 2019-2030, (USD Million)
    2. Offices- Market Size & Forecast 2019-2030, (USD Million)
    3. Healthcare Sector- Market Size & Forecast 2019-2030, (USD Million)
    4. Retail- Market Size & Forecast 2019-2030, (USD Million)
    5. Others (Government Agencies, Entertainment sector, etc.)- Market Size & Forecast 2019-2030, (USD Million)
  5. By Country
    1. The UAE
    2. Saudi Arabia
    3. Oman
    4. Qatar
    5. Kuwait
    6. Bahrain
  6. By Company
    1. Competition Characteristics
    2. Market Shares & Analysis
The UAE Furniture Rental Market Outlook, 2019-2030
1. Market Size & Analysis
  1. By Revenue (USD Million)
2. Market Share & Analysis
  1. By Product Type- Market Size & Forecast 2019-2030, (USD Million)
  2. By Type of Furniture- Market Size & Forecast 2019-2030, (USD Million)
  3. By Material- Market Size & Forecast 2019-2030, (USD Million)
  4. By Application- Market Size & Forecast 2019-2030, (USD Million)
3. UAE Furniture Rental Market Pricing Analysis, 2023
  1. Average Rental By Type of Furniture
    1. Bed
    2. Sofa & Couch
    3. Table & Desk
    4. Chair & Stool
    5. Wardrobes & Dresser
    6. Others (Nightstand, storage benches, etc.)
Saudi Arabia Furniture Rental Market Outlook, 2019-2030
1. Market Size & Analysis
  1. By Revenue (USD Million)
2. Market Share & Analysis
  1. By Product Type- Market Size & Forecast 2019-2030, (USD Million)
  2. By Type of Furniture- Market Size & Forecast 2019-2030, (USD Million)
  3. By Material- Market Size & Forecast 2019-2030, (USD Million)
  4. By Application- Market Size & Forecast 2019-2030, (USD Million)
3. Saudi Arabia Furniture Rental Market Pricing Analysis, 2023
  1. Average Rental By Type of Furniture
    1. Bed
    2. Sofa & Couch
    3. Table & Desk
    4. Chair & Stool
    5. Wardrobes & Dresser
    6. Others (Nightstand, storage benches, etc.)
Oman Furniture Rental Market Outlook, 2019-2030
1. Market Size & Analysis
  1. By Revenue (USD Million)
2. Market Share & Analysis
  1. By Product Type- Market Size & Forecast 2019-2030, (USD Million)
  2. By Type of Furniture- Market Size & Forecast 2019-2030, (USD Million)
  3. By Material- Market Size & Forecast 2019-2030, (USD Million)
  4. By Application- Market Size & Forecast 2019-2030, (USD Million)
3. Oman Furniture Rental Market Pricing Analysis, 2023
  1. Average Rental By Type of Furniture
    1. Bed
    2. Sofa & Couch
    3. Table & Desk
    4. Chair & Stool
    5. Wardrobes & Dresser
    6. Others (Nightstand, storage benches, etc.)
Qatar Furniture Rental Market Outlook, 2019-2030
1. Market Size & Analysis
  1. By Revenue (USD Million)
2. Market Share & Analysis
  1. By Product Type- Market Size & Forecast 2019-2030, (USD Million)
  2. By Type of Furniture- Market Size & Forecast 2019-2030, (USD Million)
  3. By Material- Market Size & Forecast 2019-2030, (USD Million)
  4. By Application- Market Size & Forecast 2019-2030, (USD Million)
3. Qatar Furniture Rental Market Pricing Analysis, 2023
  1. Average Rental By Type of Furniture
    1. Bed
    2. Sofa & Couch
    3. Table & Desk
    4. Chair & Stool
    5. Wardrobes & Dresser
    6. Others (Nightstand, storage benches, etc.)
Kuwait Furniture Rental Market Outlook, 2019-2030
1. Market Size & Analysis
  1. By Revenue (USD Million)
2. Market Share & Analysis
  1. By Product Type- Market Size & Forecast 2019-2030, (USD Million)
  2. By Type of Furniture- Market Size & Forecast 2019-2030, (USD Million)
  3. By Material- Market Size & Forecast 2019-2030, (USD Million)
  4. By Application- Market Size & Forecast 2019-2030, (USD Million)
3. Kuwait Furniture Rental Market Pricing Analysis, 2023
  1. Average Rental By Type of Furniture
    1. Bed
    2. Sofa & Couch
    3. Table & Desk
    4. Chair & Stool
    5. Wardrobes & Dresser
    6. Others (Nightstand, storage benches, etc.)
Bahrain Furniture Rental Market Outlook, 2019-2030
1. Market Size & Analysis
  1. By Revenue (USD Million)
2. Market Share & Analysis
  1. By Product Type- Market Size & Forecast 2019-2030, (USD Million)
  2. By Type of Furniture- Market Size & Forecast 2019-2030, (USD Million)
  3. By Material- Market Size & Forecast 2019-2030, (USD Million)
  4. By Application- Market Size & Forecast 2019-2030, (USD Million)
3. Bahrain Furniture Rental Market Pricing Analysis, 2023
  1. Average Rental By Type of Furniture
    1. Bed
    2. Sofa & Couch
    3. Table & Desk
    4. Chair & Stool
    5. Wardrobes & Dresser
    6. Others (Nightstand, storage benches, etc.)
GCC Furniture Rental Market Key Strategic Imperatives for Growth & Success
Competitive Benchmarking
1. Companies Profile
  1. AREEKA
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. Arena Group PLC
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. Innovative Hiring
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. Style Works
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. Risala Furniture
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. CORT
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. Chapter One
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. Indigo Living Limited
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  9. Lafeef
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  10. The Furniture Rental Company
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  11. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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