UAE and Saudi Arabia Furniture

UAE and Saudi Arabia Furniture Market Research Report: Forecast (2021-2026)

By Material (Plastic, Wood, Metal), By Furniture and Furnishing (Organized Sector, Unorganized Sector), By Product Categories (Living Room, Bed Room, Dining Room, Home Office Furniture, Kitchen Furnit Read more

  • FMCG
  • Feb 2022
  • 154
  • CG10206

Market Definition

Furniture is considered an essential requirement at home or offices & a crucial aspect that brings solace & comfort to people while making their life simpler & efficient. Additionally, the aesthetic looks that furniture brings to a space are becoming a trendy aspect and propelling the demand for different & modern furnitures. These can include objects like tables, chairs, desks, beds, & cupboards, among others. The furniture industry uses different materials like plastic, wood, metal, etc.

Market Insights

The UAE and Saudi Arabia Furniture Market is projecting around 8.40% CAGR during the forecast period, i.e., 2021-26. It owes to the swiftly growing establishment of several businesses, i.e., propelling the demand for office spaces & furniture, coupled with the rising demand for value-added features, shapes & sizes of furniture. 

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR 8.40%
Key Companies Profiled (Offline (IIKEA, Home Centre, PAN Emirates, Royal Furniture, Danube, Marina Home, Homes R Us, IDdesign, Pottery Barn, Home Box, Natuzzi. Major, Al-Abdulkader Furniture Co. Ltd, Riyadh Furniture, industries Co., Al Jedaie, AL Rugaib Furniture, Saudi Modern Factory Company, AL Aamer Furniture, Almutlaq Furniture, Wardeh Salehiya, HABITAT FURNITURE CO. LTD., Midas Furniture, Gautier Jeddah, BoConcept ), Online (Ebarza, The People of Sand, MarMarLand, The Bowery Company, Wysada, etc.
Unit Denominations USD Million/Billion

 

As a result, several corporate companies & prominent market players are investing substantially in office furniture like tables, chairs, desks, and others to provide a comfortable working environment for employees & staff & augment the market growth. 

Additionally, rapid infrastructural developments are also stimulating the overall market growth by displaying a massive inclination toward the construction of houses, community centers, hospitals, & educational institutions, etc., i.e., propelling the demand for suitable furniture, designed specifically to fulfill the requirements. 

Besides, numerous furniture manufacturers are actively working on introducing new designs & creating furniture with different materials to add extra features that occupy minimal space. It, in turn, is instigating the demand for such modern furniture, especially among people who see luxury as a status symbol, which, in turn, is driving the market.

Key Trend in the Market

  • Combining Smart Technologies into Furniture

With rapid advancements in technologies like Artificial intelligence (AI), the Internet of Things (IoT), and Deep Learning, among others, several leading players in the UAE & Saudi Arabia Furniture Market are integrating them into their furniture and bringing intelligent furniture like charging phone lamps, smart home devices, smart beds, & tablet coffee tables, among various others. Additionally, since in the UAE & Saudi Arabia, procuring advanced & luxury-based items are status symbols, the demand for furniture is swiftly gaining traction in these countries is positively influencing the UAE and Saudi Arabia Furniture Market growth through 2026.

The Covid-19 pandemic in 2020 had a decelerating effect on most industries, where the UAE and Saudi Arabia Furniture Market was no exception. While governments in these countries imposed stringent movement restrictions & lockdowns to curb the spread of this dreadful disease, the market witnessed several unprecedented challenges like unavailability of raw materials & labor due to severe disruptions in the supply chain. Additionally, this temporary halt also affected the deliveries of pre-produced furniture and brought massive financial challenges to the leading market players.

Impact of Covid-19 on the UAE and Saudi Arabia Furniture Market

However, a gradual betterment in the pandemic situation with a reducing number of Covid-19 cases across the UAE & Saudi Arabia prompted governments to uplift the restrictions & allow the recommencement of business operations. Moreover, this long duration of stay-at-home among people encouraged them toward home renovation ideas, which propelled the demand for new furniture. Hence, the UAE and Saudi Arabia Furniture Market, with the revival since 2021, is witnessing an increasing demand for furniture, and the same trend is likely to be followed in the coming years.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Preface
  3. Executive Summary
  4. Impact of COVID-19 on UAE and Saudi Arabia Furniture Market
  5. UAE and Saudi Arabia Furniture Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Market Revenues
    2. Market Share & Analysis
      1. By Material
        1. Plastic
        2. Wood
        3. Metal
      2. By Furniture and Furnishing
        1. Organized Sector
        2. Unorganized Sector
      3. By Product Categories
        1. Living Room
        2. Bed Room
        3. Dining Room
        4. Home Office Furniture
        5. Kitchen Furniture
        6. Storage Furniture
        7. Other
      4. By End-Users
        1. Residential Furniture
        2. Commercial Furniture
        3. Retail Furniture
      5. By Distribution Channel
        1. Home Centers
        2. Flagship Stores
        3. Specialty Stores
        4. Online Stores
        5. Other
      6. By Competitors
        1. Competition Characteristics
        2. Market Share & Analysis
        3. Competitive Metrix
  6. UAE and Saudi Arabia Furniture Market Government Regulations and Policies
  7. UAE and Saudi Arabia Furniture Market Supply Chain Analysis
  8. UAE and Saudi Arabia Furniture Market Trends & Insights
  9. UAE and Saudi Arabia Furniture Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  10. UAE and Saudi Arabia Furniture Market Hotspot & Opportunities
  11. UAE and Saudi Arabia Furniture Market Key Target Audience
    1. Key Target Audience
    2. Furniture Retailers
    3. Furnishings Retailers
    4. Private Equity Companies
    5. Contract Furniture Manufacturers
    6. Furniture Association
  12. UAE and Saudi Arabia Furniture Market Key Strategic Imperatives for Success & Growth
  13. Competition Outlook
    1. Competition Matrix
      1. Target Markets
      2. Research & Development
      3. Collaborations & Strategic Alliances
      4. Key Business Expansion Initiatives
      5. Business Restructuring- Mergers, Acquisitions, JVs
      6. Strategic Initiatives
    2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Offline Furniture
        1. IKEA
        2. Home Centre
        3. PAN Emirates
        4. Royal Furniture
        5. Danube
        6. Marina Home
        7. Homes R Us
        8. IDdesign
        9. Pottery Barn
        10. Home Box
        11. Natuzzi. Major
        12. Al-Abdulkader Furniture Co. Ltd
        13. Riyadh Furniture Industries Co.
        14. Al Jedaie
        15. AL Rugaib Furniture
        16. Saudi Modern Factory Company
        17. AL Aamer Furniture
        18. Almutlaq Furniture
        19. Wardeh Salehiya
        20. HABITAT FURNITURE CO. LTD.
        21. Midas Furniture
        22. Gautier Jeddah
        23. BoConcept
      2. Online Furniture
        1. Ebarza
        2. The People of Sand
        3. MarMarLand
        4. The Bowery Company
        5. Wysada
  14. Disclaimer
UAE and Saudi Arabia Furniture Market Segmentation
*This field is required