Saudi Arabia Home Furniture Market Report and Forecast 2024-2032

Saudi Arabia Home Furniture Market Report and Forecast 2024-2032

Saudi Arabia Home Furniture Market Report and Forecast 2024-2032

Market outlook

According to the report by Expert Market Research (EMR), the Saudi Arabia home furniture market size reached a value of USD 6.30 billion in 2023. Aided by the increasing demand for stylish and functional home furnishings and the growing urbanisation in the region, the market is projected to further grow at a CAGR of 4.4% between 2024 and 2032 to reach a value of USD 9.30 billion by 2032.

Home furniture includes a wide range of products designed to enhance the functionality and aesthetic appeal of residential spaces. This encompasses living room furniture, bedroom furniture, kitchen and dining furniture, and outdoor furniture, among others. The growing trend of home decor and interior design, coupled with the rising disposable incomes and changing lifestyles, is driving the demand for home furniture in Saudi Arabia.

The increasing consumer preference for stylish and functional home furnishings is driving the Saudi Arabia home furniture market growth. With the growing awareness of home decor trends and the influence of social media, consumers are increasingly seeking furniture that complements their personal style and enhances the overall look of their homes. Additionally, the rising trend of home renovation and remodelling projects is further propelling the demand for home furniture in the region.

The expanding applications of home furniture in various residential settings also play a significant role in propelling the market. In the living room, furniture such as sofas, coffee tables, and entertainment units are essential for creating a comfortable and inviting space. In the bedroom, furniture like beds, wardrobes, and dressers are crucial for storage and relaxation. In the dining room, furniture such as dining tables and chairs are necessary for meal times and social gatherings. The increasing demand for outdoor furniture, driven by the rising popularity of outdoor living spaces, is also contributing to the market growth.

Moreover, advancements in furniture design and manufacturing are driving innovation and development in the market. Manufacturers are continually introducing new and improved furniture designs with enhanced features, such as modular and multi-functional pieces, innovative storage solutions, and sustainable materials. These advancements are improving the appeal and functionality of home furniture, making them more attractive to consumers. Additionally, the development of smart furniture, which incorporates technology for added convenience and functionality, is further boosting the market growth.

The expanding e-commerce sector in Saudi Arabia is also contributing to the growth of the home furniture market in Saudi Arabia. The increasing penetration of online retail channels and the rising popularity of online shopping are providing consumers with convenient access to a wide range of home furniture products. E-commerce platforms offer various benefits, such as a wide selection of products, competitive pricing, and home delivery services, making them an attractive option for furniture shopping. The growing trend of online furniture shopping is further supported by the increasing availability of high-quality furniture products from leading brands and manufacturers.

As per the Saudi Arabia home furniture market analysis, the regulatory environment in Saudi Arabia also plays a crucial role in shaping the home furniture market. Governments and regulatory bodies in the region are actively supporting the development and distribution of safe and high-quality furniture products. For instance, various countries have introduced regulations and guidelines to ensure the quality and safety of furniture materials and manufacturing processes. These regulatory efforts are providing a favourable environment for the growth of the home furniture market.

Market Segmentation

The market can be divided based on product, material, 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 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 home 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)
• Hooker Furnishings Corp.
• 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.