GCC Luxury Furniture Market, By Material (Metals, Wood, Plastic, Glass, Leathers); By Product Type (Lighting, Tables, Chairs & Sofas, Accessories, Bedroom, Cabinets); By End Use (Domestic Use, Commercial Use); By Distribution Channel (Online, Offline); By

GCC Luxury Furniture Market, By Material (Metals, Wood, Plastic, Glass, Leathers); By Product Type (Lighting, Tables, Chairs & Sofas, Accessories, Bedroom, Cabinets); By End Use (Domestic Use, Commercial Use); By Distribution Channel (Online, Offline); By Country (Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, Oman), Trend Analysis, Competitive Landscape & Forecast, 2022–2028

GCC Luxury Furniture Market to Expand at a Steady 7.1% CAGR during 2022–2028
Luxury furniture market in the GCC (Gulf Cooperation Council) region is flourishing because of rapid urbanization, increasing preference for home furnishings, growing construction activities, and active government initiatives to build socioeconomic infrastructure across countries in the region.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects GCC (Gulf Cooperation Council) Luxury Furniture Market size to grow at a steady CAGR of 7.1% during the forecast period between 2022 and 2028. Major factors for the expansion of GCC luxury furniture market include increasing infrastructure activities, rising population and urbanization, increasing demand for real estate developments, rising residential property adoption, and government initiatives to boost socioeconomic infrastructure. Furthermore, surging demand for furniture and furnishing products, as well as increased competition to improve luxury furniture products to meet domestic demand, are expected to boost the overall market. Exports and imports combined with foreign players' heavy investments in broadening their businesses in Gulf Cooperation Council countries are also expected to fuel the growth of GCC luxury furniture market during the period in analysis. However, lack of qualified workers and rising raw material prices are anticipated to hinder the expansion of GCC Luxury Furniture Market.

GCC Luxury Furniture Market – Overview
Luxury furniture means the high-end or premium home and office furnishings made of various materials, such as wood, metal, glass, and leather. They are installed for esthetic purpose to improve value of the house. The surging number of real estate developments and demand for residential properties are driving up the utilization of high-end furniture products. Customers are being influenced to purchase luxury furniture because of the growing urbanization and industrialization, as well as the increasing penetration of e- commerce in gulf countries, which is expected to stimulate growth in the GCC luxury furniture market. With a growing urban population, increasing disposable income per capita, and a consumer preference for luxury goods, there is a greater awareness of modern lifestyles, and increasing emphasis for eco-friendly furniture is expected to drive GCC luxury furniture market growth.
GCC Luxury Furniture Market – Segmental Information
GCC Luxury Furniture Market - By Product Type
GCC luxury furniture market is segmented into Lighting, Tables, Chairs & Sofas, Accessories, Bedroom, and Cabinets, based on product type. The bedroom furniture segment generates the most revenue in Saudi Arabia, with opportunities for growth in the other GCC countries. As disposable income rises, so does consumers' ability to spend on luxury goods and services, such as home furnishings. Additionally, economic growth and an increase in the number of independent residences encourage consumers to spend more money on high-quality bedroom furniture.
Impact of COVID-19 on GCC Luxury Furniture Market
COVID-19 pandemic had a detrimental effect on GCC luxury furniture market in 2020, causing supply disruptions, material shortages, and contract cancellations to save money. The overall expansion of the GCC region's luxury furniture market was also hampered by labor scarcity, and customers had little opportunity to explore premium furniture products, resulting in a 60–70% drop in sales. Furthermore, government-imposed commodity import and export restrictions, as well as quarantine and lockdown measures, posed significant challenges for exporters during the pandemic. Delays and interruptions at country borders also hampered the transit and delivery of luxury furniture. Furniture is manufactured in Italian factories, but due to a government-imposed lockdowns, sales in the GCC luxury furniture market dropped dramatically. Despite these challenges, the pandemic had also led to a rise in online furniture sales, as people are increasingly turning to the internet to buy furniture. This trend is expected to continue in the coming years, as consumers became more comfortable shopping for furniture online.
Competitive Landscape

GCC luxury furniture market is fiercely competitive. Prominent players in the market include PAN Emirates, IKEA, Al Huzaifa, Luxe Living, Danube, Royal Furniture, Home Center, B&B Italia, Bukannan Furnishing, and ID Design. To further enhance their market share, these major players are primarily focused on the development of innovative and efficient products, new product releases, market initiatives, mergers and acquisitions, and other collaborative activities.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of GCC Luxury Furniture Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in GCC Luxury Furniture Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.


1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. GCC Luxury Furniture Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Rapid urbanization
3.2.1.2. Rise in demand for Luxury home furnishings
3.2.2. Restraints
3.2.2.1. Lack of skilled workforce
3.2.2.2. Volatiles raw material prices
3.2.3. Opportunities
3.2.3.1. Changing consumer preferences toward luxury furniture
3.2.3.2. Growth of real estate sector
3.2.4. Challenges
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. GCC Luxury Furniture Market Overview
4.1. Market Size & Forecast by Value, 2018–2028
4.1.1. By Value (USD Million)
4.2. Market Share & Forecast
4.2.1. By Material
4.2.1.1. Metals
4.2.1.2. Wood
4.2.1.3. Plastic
4.2.1.4. Glass
4.2.1.5. Leathers
4.2.1.6. Others
4.2.2. By Product Type
4.2.2.1. Lighting
4.2.2.2. Tables
4.2.2.3. Chairs & Sofas
4.2.2.4. Accessories
4.2.2.5. Bedroom
4.2.2.6. Cabinets
4.2.2.7. Others
4.2.3. By End Use
4.2.3.1. Domestic Use
4.2.3.1.1. Living & Bedroom
4.2.3.1.2. Kitchen
4.2.3.1.3. Lighting
4.2.3.1.4. Outdoor
4.2.3.1.5. Bathroom
4.2.3.2. Commercial Use
4.2.3.2.1. Hospitality
4.2.3.2.2. Office
4.2.3.2.3. Others
4.2.4. By Distribution Channel
4.2.4.1. Online
4.2.4.2. Offline
4.2.5. By Country
4.2.5.1. Saudi Arabia
4.2.5.2. UAE
4.2.5.3. Qatar
4.2.5.4. Bahrain
4.2.5.5. Kuwait
4.2.5.6. Oman
5. Saudi Arabia Luxury Furniture Market Overview
5.1. Market Size & Forecast by Value, 2018–2028
5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
5.2.1. By Material
5.2.2. By Product Type
5.2.3. By End Use
5.2.4. By Distribution Channel
6. UAE Luxury Furniture Market Overview
6.1. Market Size & Forecast by Value, 2018–2028
6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
6.2.1. By Material
6.2.2. By Product Type
6.2.3. By End Use
6.2.4. By Distribution Channel
7. Qatar Luxury Furniture Market Overview
7.1. Market Size & Forecast by Value, 2018–2028
7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
7.2.1. By Material
7.2.2. By Product Type
7.2.3. By End Use
7.2.4. By Distribution Channel
8. Bahrain Luxury Furniture Market Overview
8.1. Market Size & Forecast by Value, 2018–2028
8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
8.2.1. By Material
8.2.2. By Product Type
8.2.3. By End Use
8.2.4. By Distribution Channel
9. Kuwait Luxury Furniture Market Overview
9.1. Market Size & Forecast by Value, 2018–2028
9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
9.2.1. By Material
9.2.2. By Product Type
9.2.3. By End Use
9.2.4. By Distribution Channel
10. Oman Luxury Furniture Market Overview
10.1. Market Size & Forecast by Value, 2018–2028
10.1.1. By Value (USD Million)
10.2. Market Share & Forecast
10.2.1. By Material
10.2.2. By Product Type
10.2.3. By End Use
10.2.4. By Distribution Channel
11. Competitive Landscape
11.1. List of Key Players and Their Offerings
11.2. Market Share Analysis, 2021
11.3. Competitive Benchmarking, By Operating Parameters
11.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
12. Impact of Covid-19 on GCC Luxury Furniture Market
13. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
13.1. PAN Emirates
13.2. IKEA
13.3. Al Huzaifa
13.4. Luxe Living
13.5. Danube
13.6. Royal Furniture
13.7. Home Center
13.8. B&B Italia
13.9. Bukannan Furnishing
13.10. ID Design
13.11. Other Prominent Players
14. Key Strategic Recommendations
15. Research Methodology
15.1. Qualitative Research
15.1.1. Primary & Secondary Research
15.2. Quantitative Research
15.3. Market Breakdown & Data Triangulation
15.3.1. Secondary Research
15.3.2. Primary Research
15.4. Breakdown of Primary Research Respondents, By Region
15.5. Assumption & Limitation
*Financial information in case of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of
Figures
Figure 1 GCC Luxury Furniture Market Segmentation
Figure 2 GCC Luxury Furniture Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2021
Figure 4 GCC Luxury Furniture Market Size, By Value (USD Million), 2018–2028
Figure 5 GCC Luxury Furniture Market Share, By Material, By Value, 2018–2028
Figure 6 GCC Luxury Furniture Market Share, By Product Type, By Value, 2018–2028
Figure 7 GCC Luxury Furniture Market Share, By End Use, By Value, 2018–2028
Figure 8 GCC Luxury Furniture Market Share, By Distribution Channel, By Value, 2018–2028
Figure 9 GCC Luxury Furniture Market Share, By Country, By Value, 2018–2028
Figure 10 Saudi Arabia Luxury Furniture Market Size, By Value (USD Million), 2018–2028
Figure 11 Saudi Arabia Luxury Furniture Market Share, By Material, By Value, 2018–2028
Figure 12 Saudi Arabia Luxury Furniture Market Share, By Product Type, By Value, 2018–2028
Figure 13 Saudi Arabia Luxury Furniture Market Share, By End Use, By Value, 2018–2028
Figure 14 Saudi Arabia Luxury Furniture Market Share, By Distribution Channel, By Value, 2018–2028
Figure 15 UAE Luxury Furniture Market Size, By Value (USD Million), 2018–2028
Figure 16 UAE Luxury Furniture Market Share, By Material, By Value, 2018–2028
Figure 17 UAE Luxury Furniture Market Share, By Product Type, By Value, 2018–2028
Figure 18 UAE Luxury Furniture Market Share, By End Use, By Value, 2018–2028
Figure 19 UAE Luxury Furniture Market Share, By Distribution Channel, By Value, 2018–2028
Figure 20 Qatar Luxury Furniture Market Size, By Value (USD Million), 2018–2028
Figure 21 Qatar Luxury Furniture Market Share, By Material, By Value, 2018–2028
Figure 22 Qatar Luxury Furniture Market Share, By Product Type, By Value, 2018–2028
Figure 23 Qatar Luxury Furniture Market Share, By End Use, By Value, 2018–2028
Figure 24 Qatar Luxury Furniture Market Share, By Distribution Channel, By Value, 2018–2028
Figure 25 Bahrain Luxury Furniture Market Size, By Value (USD Million), 2018–2028
Figure 26 Bahrain Luxury Furniture Market Share, By Material, By Value, 2018–2028
Figure 27 Bahrain Luxury Furniture Market Share, By Product Type, By Value, 2018–2028
Figure 28 Bahrain Luxury Furniture Market Share, By End Use, By Value, 2018–2028
Figure 29 Bahrain Luxury Furniture Market Share, By Distribution Channel, By Value, 2018–2028
Figure 30 Kuwait Luxury Furniture Market Size, By Value (USD Million), 2018–2028
Figure 31 Kuwait Luxury Furniture Market Share, By Material, By Value, 2018–2028
Figure 32 Kuwait Luxury Furniture Market Share, By Product Type, By Value, 2018–2028
Figure 33 Kuwait Luxury Furniture Market Share, By End Use, By Value, 2018–2028
Figure 34 Kuwait Luxury Furniture Market Share, By Distribution Channel, By Value, 2018–2028
Figure 35 Oman Luxury Furniture Market Size, By Value (USD Million), 2018–2028
Figure 36 Oman Luxury Furniture Market Share, By Material, By Value, 2018–2028
Figure 37 Oman Furniture Market Share, By Product Type, By Value, 2018–2028
Figure 38 Oman Furniture Market Share, By End Use, By Value, 2018–2028
Figure 39 Oman Furniture Market Share, By Distribution Channel, By Value, 2018–2028
List of
Tables
Table 1 GCC Luxury Furniture Market Size, By Material, By Value, 2018–2028
Table 2 GCC Luxury Furniture Market Size, By Product Type, By Value, 2018–2028
Table 3 GCC Luxury Furniture Market Size, By End Use, By Value, 2018–2028
Table 4 GCC Luxury Furniture Market Size, By Distribution Channel, By Value, 2018–2028
Table 5 GCC Luxury Furniture Market Size, By Country, By Value, 2018–2028
Table 6 Saudi Arabia Luxury Furniture Market Size, By Material, By Value, 2018–2028
Table 7 Saudi Arabia Luxury Furniture Market Size, By Product Type, By Value, 2018–2028
Table 8 Saudi Arabia Luxury Furniture Market Size, By End Use, By Value, 2018–2028
Table 9 Saudi Arabia Luxury Furniture Market Size, By Distribution Channel, By Value, 2018–2028
Table 10 UAE Luxury Furniture Market Size, By Material, By Value, 2018–2028
Table 11 UAE Luxury Furniture Market Size, By Product Type, By Value, 2018–2028
Table 12 UAE Luxury Furniture Market Size, By End Use, By Value, 2018–2028
Table 13 UAE Luxury Furniture Market Size, By Distribution Channel, By Value, 2018–2028
Table 14 Qatar Luxury Furniture Market Size, By Material, By Value, 2018–2028
Table 15 Qatar Luxury Furniture Market Size, By Product Type, By Value, 2018–2028
Table 16 Qatar Luxury Furniture Market Size, By End Use, By Value, 2018–2028
Table 17 Qatar Luxury Furniture Market Size, By Distribution Channel, By Value, 2018–2028
Table 18 Bahrain Luxury Furniture Market Size, By Material, By Value, 2018–2028
Table 19 Bahrain Luxury Furniture Market Size, By Product Type, By Value, 2018–2028
Table 20 Bahrain Luxury Furniture Market Size, By End Use, By Value, 2018–2028
Table 21 Bahrain Luxury Furniture Market Size, By Distribution Channel, By Value, 2018–2028
Table 22 Kuwait Luxury Furniture Market Size, By Material, By Value, 2018–2028
Table 23 Kuwait Luxury Furniture Market Size, By Product Type, By Value, 2018–2028
Table 24 Kuwait Luxury Furniture Market Size, By End Use, By Value, 2018–2028
Table 25 Kuwait Luxury Furniture Market Size, By Distribution Channel, By Value, 2018–2028
Table 26 Oman Luxury Furniture Market Size, By Material, By Value, 2018–2028
Table 27 Oman Furniture Market Size, By Product Type, By Value, 2018–2028
Table 28 PAN Emirates Financial Overview+A1:B30
Table 29 PAN Emirates Company Overview
Table 30 PAN Emirates Financial Overview
Table 31 IKEA Company Overview
Table 32 IKEA Financial Overview
Table 33 Al Huzaifa Company Overview
Table 34 Al Huzaifa Financial Overview
Table 35 Luxe Living Company Overview
Table 36 Luxe Living Financial Overview
Table 37 Danube Company Overview
Table 38 Danube Financial Overview
Table 39 Royal Furniture Company Overview
Table 40 Royal Furniture Financial Overview
Table 41 Home Center Company Overview
Table 42 Home Center Financial Overview
Table 43 B&B Italia Company Overview
Table 44 B&B Italia Financial Overview
Table 45 Bukannan Furnishing Company Overview
Table 46 Bukannan Furnishing Financial Overview
Table 47 ID Design Company Overview
Table 48 ID Design Financial Overview

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