United Arab Emirates Kitchen Furniture Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The United Arab Emirates Kitchen Furniture market is expected to grow annually at a CAGR of -5.5% during the forecast period (2021 – 2026).
Kitchen furniture is one of the primary sectors boosted by the real estate market in the United Arab Emirates. Increased construction activity in both residential and commercial real estate, space limitation difficulties in homes, rising levels of a sedentary lifestyle, rising urbanisation, and rising disposable income are some of the primary factors contributing to the growth of the market in the country.
Furthermore, residents in the United Arab Emirates are spending more on home renovations, such as living rooms and kitchens, and are investing in higher-quality products, which is driving up demand for kitchen furniture in the country. The country also boasts a huge expatriate population from many areas and nations with a variety of furniture design interests. In Abu Dhabi and Dubai, there are many ex-pats (more than 170 nationalities), therefore, the region is developing as a potential market for all types of furniture.
The country meets a major portion of its kitchen furniture demand, from imports, mainly from countries, such as China, Italy, Germany, Poland, Turkey Malaysia, and Vietnam. The country is also into reexports of kitchen furnishings. Some of the major re-export destinations are Iraq, Saudi Arabia, Iran, Oman, and Kuwait.
In 2020, kitchen design in Dubai has changed enough that designers and renovators are now paying just as much attention to efficiency and space optimization as they are to the aesthetic appeal inherent in colour and texture choices. Kitchens from the past were neither energy-efficient nor cuisine-friendly. Customers' perceptions of the kitchen may change due to the flashy new concepts. Like Wood cabinets are a wonderful way to show off appreciation for tradition and style. It elevates the kitchen to a rare and expensive category. Whitewashing these cabinets for a lighter tone to make them look classier. Doing the cabinets with lighter woods and fresher woods is trending.
The sudden COVID-19 pandemic, which hit the world during the initial days of 2020, has changed the face of the furniture industry on a large scale. The disruptions in the supply chain and the temporary ban on global trade have highly affected the United Arab Emirates kitchen furniture market with high dependencies on imports for their furniture needs. Increasing the cost of labour and project prices in the United Arab Emirates has affected the supply of kitchen furniture.
Key Market TrendsIncreasing Development in the Construction Sector is Boosting the Kitchen Furniture MarketWith the increasing population and growing property rates in UAE, residential houses are becoming smaller and compact. Despite the challenges faced by the COVID-19 outbreak, the UAE has continued supporting housing projects for citizens, maintaining momentum in 2020. With the development in the UAE'S construction sector, more houses are being built, increasing the demand for modular kitchens. Many of the newly constructed properties are also providing modular kitchens as a part of their offerings. With the decrease in the fiscal deficit, the rise in non-oil production, and recovery of crude oil prices the construction market is likely to develop a lot in UAE.
New Kitchen Design Trends are Driving the MarketThe United Arab Emirates, being the Middle East's second-largest economy, has an open economic framework that attracts individuals from all over the world, mainly from countries such as the Philippines, Iran, Germany, and Egypt. Furthermore, it has been found that expatriates in the country are becoming increasingly interested in luxury kitchen furniture, such as Italian and German designs. Various kinds of kitchen designs are available in classy, modern, and contemporary design with limitless design and varieties. While purchasing luxurious villas, the high-end customers may want the kitchen to complement the home and suit their lifestyle. This has resulted in new kitchen renovation ideas and top recommendations in Dubai, which are increasingly combining utility and ambience in equal measure in the kitchen design mix.
Competitive LandscapeThe market is fragmented with a lot of small players exiting and entering the kitchen furniture market. UAE has an open economy which is making it easier for other players to enter the market. Some of the key players in the United Arab Emirates Kitchen Furniture market are Space 3 LLC, Pottery Barn, SieMatic, Kitchen King UAE, Al Marri Metal Kitchen Factory LLC, Ikea, Scavolini, Shafic Dagher Ind and Tr. Co. LLC, Snaidero, Kitchen King UAE, and Other prominent players.
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