Saudi Arabia Furniture Market Report and Forecast 2024-2032

Saudi Arabia Furniture Market Report and Forecast 2024-2032

Saudi Arabia Furniture Market Report and Forecast 2024-2032

Market outlook

According to the report by Expert Market Research (EMR), the Saudi Arabia furniture market size reached a value of USD 7.91 billion in 2023. Aided by the increasing demand for high-quality and aesthetically pleasing furniture products and the growing applications of furniture in various sectors, the market is projected to further grow at a CAGR of 6.2% between 2024 and 2032 to reach a value of USD 13.59 billion by 2032.

The furniture market encompasses a wide range of products, including home, office, and commercial furniture, which are essential for enhancing the aesthetic appeal and functionality of living and working spaces. The key benefits of furniture include comfort, style, and utility, making them indispensable in both residential and commercial settings.

The increasing consumer preference for high-quality and aesthetically pleasing furniture products is driving the Saudi Arabia furniture market growth. With the growing awareness of interior design and home aesthetics, there has been a significant shift towards premium furniture products, leading to a surge in demand. Additionally, the rising trend of home renovation and improvement has further contributed to the increasing popularity of furniture, as consumers seek to enhance their living spaces.

The expanding applications of furniture in various sectors also play a significant role in propelling the market. In the residential sector, furniture is used to create comfortable and stylish living environments. In the commercial sector, offices, hotels, and retail spaces use high-quality furniture to enhance the user experience and create a professional ambiance. Moreover, the hospitality sector utilizes furniture to provide comfort and luxury to guests, enhancing their overall experience.

Further, the growing focus on sustainable and eco-friendly furniture has led to an increased demand for products made from sustainable materials and manufacturing practices. With advancements in furniture design and manufacturing techniques, modern furniture solutions are designed to be more durable, ergonomic, and environmentally friendly, reducing their overall environmental impact. This trend is expected to boost the furniture market expansion in the coming years, consequently driving up the Saudi Arabia furniture market share.

Advancements in furniture manufacturing technology have greatly improved the quality and functionality of furniture products. Innovations such as ergonomic design, modular furniture, and smart furniture have enhanced the performance and appeal of modern furniture. These technological improvements have helped to overcome many of the challenges associated with traditional furniture manufacturing and have positioned the industry for future growth.

The economic growth and rising disposable income in Saudi Arabia are contributing to the increased demand for furniture. As consumers have more disposable income, they are willing to spend on high-quality furniture products to enhance their living and working spaces. This economic prosperity is supporting the growth of the furniture market in the region.

Wood is a traditional and popular material used in furniture manufacturing. The demand for wood furniture is driven by its durability, aesthetic appeal, and versatility. Metal furniture is known for its strength and modern look. The demand for metal furniture is driven by its durability and contemporary design. Plastic furniture is lightweight and affordable. The demand for plastic furniture is driven by its versatility and ease of maintenance.

As per the Saudi Arabia furniture market analysis, significant investments in real estate and hospitality are driving the demand for furniture. The development of residential and commercial properties, as well as hotels and resorts, creates opportunities for furniture manufacturers to supply high-quality products.

Market Segmentation

The market can be divided based on product, material, end use, and distribution channel

Market Breakup by Product

• Beds
• Tables and Desks
• Sofa and Couch
• Chairs and Stools
• Cabinets and Shelves
• Others

Market Breakup by Material

• Metal
• Wood
• Plastic
• Glass
• Others

Market Breakup End Use

• Residential
• Commercial

Market Breakup by Distribution Channel

• Home Centres
• Flagship Stores
• Speciality Stores
• Online
• Others

Competitive landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in Saudi Arabia furniture market. some of the major players explored in the report by expert market research are as follows:

• Steelcase Inc.
• Saudi Modern Factory Co.
• Haworth Inc.
• MillerKnoll
• Kinnarps AB
• Tanatel Furniture
• Matanah Furniture Factory
• National Furniture Manufacturing Company (Athath)
• Aflak Group
• Natuzzi S.p.A.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.