GCC High-End Furniture Market Research Report Forecast to 2030
The GCC high-end furniture market is anticipated to observe considerable growth during the forecast years with a CAGR of 6.72%. In 2021, the GCC high-end furniture market was assessed to be USD 858.09 million in 2021 and is likely to achieve a value of USD 1,476.25 million by 2030.
Market Segmentation
Based on product type, the sofas segment reported for a market share of 32.40%, which is USD 278.01 million in 2021, and is estimated to grow with a CAGR of 7.02% during the forecast years. The sofas segment has emerged as the most dominant in the GCC high-end furniture market owing to an increase in the applications of sofas in residential and hospitality applications.
Based on material, the wood segment accounted for a market share of 42.71% in 2021. Wood is the preferred raw material for the fabrication of any type of furniture. Wood-based furniture provides an authentic and royal look where it is placed, apart from that there is not much maintenance is required for the wooden furniture, these are the major factors boosting the demand for wood-based furniture in the GCC high-end furniture market.
According to MRFR analysis, the key factor that is propelling the growth of the high-end furniture market is the increasing urbanization and preference for apartments instead of houses are the major key enables for GCC-high end furniture market. Apart from that, the increasing construction activities, and renovation activities among the house owners are the major growth drivers that is surging the demand for high-end furniture in the GCC region.
Moreover, the increasing recreational activities, development of infrastructure, and more expenditure on the hospitality industry in the nations of the GCC are anticipated to boost the demand for the high-end furniture market in the GCC. Additionally, the increasing number of various commercial spaces such as clubs, restaurants, and hotels are likely to be major end-user of high-end furniture anticipated to surge the demand during the forecast years.
Major Players
The key players operating in the GCC high-end furniture market include Pan Emirates Home Furnishings (UAE), Ashley Furniture Industries, LLC (US), Rattan House (Dubai), R2R Furniture (UAE), AL Huzaifa (UAE), Fatima Furniture Manufacturing LLC (UAE), Danube Home (Dubai), Bukannan Furnishing (Bahrain), Home R Us (UAE), and Sophia Home (UAE).
Companies Mentioned
Pan Emirates Home Furnishings (UAE)
Ashley Furniture Industries
LLC (US)
Rattan House (Dubai)
R2R Furniture (UAE)
AL Huzaifa (UAE)
Fatima Furniture Manufacturing LLC (UAE)
Danube Home (Dubai)
Bukannan Furnishing (Bahrain)
Home R Us (UAE)
and Sophia Home (UAE).
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- 1 Executive Summary
- 1.1 Gcc High-end Furniture Market, By , By Product Type 15
- 1.2 Gcc High-end Furniture Market, By Material 16
- 1.3 Gcc High-end Furniture Market, By Category 17
- 1.4 Gcc High-end Furniture Market, By Application 18
- 1.5 Gcc High-end Furniture Market, By Distribution Channel 19
- 2 Market Introduction 20
- 2.1 Definition 20
- 2.2 Scope Of The Study 20
- 2.3 Research Objective 20
- 2.4 Market Structure 21
- 2.5 Key Buying Criteria 22
- 3 Research Methodology 23
- 3.1 Research Process 23
- 3.2 Primary Research 24
- 3.3 Secondary Research 25
- 3.4 Market Size Estimation 26
- 3.5 Forecast Model 27
- 3.6 List Of Assumptions & Limitations 28
- 4 Market Dynamics 29
- 4.1 Introduction 29
- 4.2 Drivers 30
- 4.2.1 The Growing Residential Sector In The Saudi Arabia 30
- 4.2.2 Growing Expansion Policies Adopted By The Key Players 30
- 4.2.3 Driver Impact Analysis 31
- 4.3 Restraints 31
- 4.3.1 Fluctuating Prices Of Raw Material 31
- 4.3.2 Restraint Impact Analysis 32
- 4.4 Opportunities 32
- 4.4.1 Growing Tourism Sector Across The Region 32
- 4.5 Challenges 33
- 4.5.1 Stringent Government Regulation 33
- 5 Market Factor Analysis 34
- 5.1 Value Chain Analysis 34
- 5.1.1 Raw Material Procurement 35
- 5.1.2 Manufacturing 35
- 5.1.3 Packaging 36
- 5.2 Supply Chain Analysis 36
- 5.3 Porter's Five Forces Model 37
- 5.3.1 Bargaining Power Of Suppliers 37
- 5.3.2 Bargaining Power Of Buyers 38
- 5.3.3 Threat Of New Entrants 38
- 5.3.4 Threat Of Substitutes 38
- 5.3.5 Intensity Of Rivalry 38
- 5.4 Impact Of Covid-19 Outbreak On Gcc High-end Furniture Market 39
- 5.4.1 Impact On Production 39
- 5.4.2 Impact On Supply Chain 39
- 5.4.3 Impact On Consumer Buying Behaviour 39
- 5.4.4 Impact On Store-based Vs Non-store-based Sales 40
- 5.4.5 Impact On Pricing 40
- 5.4.6 Impact On Overall Gcc High-end Furniture Market 40
- 6 Gcc High-end Furniture Market, By Product Type 41
- 6.1 Overview 41
- 6.1.1 Gcc High-end Furniture Market Estimates & Forecast, By Product Type, 2020–2030 42
- 6.2 Chairs 43
- 6.2.1 Chairs: Market Estimates & Forecast, By Country, 2020–2030 43
- 6.3 Sofas 44
- 6.3.1 Sofas: Market Estimates & Forecast, By Country, 2020–2030 44
- 6.4 Tables 45
- 6.4.1 Tables: Market Estimates & Forecast, By Country, 2020–2030 45
- 6.5 Beds 46
- 6.5.1 Beds: Market Estimates & Forecast, By Country, 2020–2030 46
- 6.6 Cabinets 47
- 6.6.1 Cabinets: Market Estimates & Forecast, By Country, 2020–2030 47
- 6.7 Others 47
- 6.7.1 Others: Market Estimates & Forecast, By Country, 2020–2030 47
- 7 Gcc High-end Furniture Market, By Material 48
- 7.1 Overview 48
- 7.1.1 Gcc High-end Furniture Market Estimates & Forecast, By Material, 2020–2030 49
- 7.2 Woods 50
- 7.2.1 Woods: Market Estimates & Forecast, By Country, 2020–2030 50
- 7.3 Plastic 51
- 7.3.1 Plastic: Market Estimates & Forecast, By Country, 2020–2030 51
- 7.4 Metal 52
- 7.4.1 Metal: Market Estimates & Forecast, By Country, 2020–2030 52
- 7.5 Glass 53
- 7.5.1 Glass: Market Estimates & Forecast, By Country, 2020–2030 53
- 7.6 Others 54
- 7.6.1 Others: Market Estimates & Forecast, By Country, 2020–2030 54
- 8 Gcc High-end Furniture Market, By Category 55
- 8.1 Overview 55
- 8.1.1 Gcc High-end Furniture Market Estimates & Forecast, By Category, 2020–2030 56
- 8.2 Rta 57
- 8.2.1 Rta: Market Estimates & Forecast, By Country, 2020–2030 57
- 8.3 Non-rta 58
- 8.3.1 Non-rta: Market Estimates & Forecast, By Country, 2020–2030 58
- 9 Gcc High-end Furniture Market, By Application 59
- 9.1 Overview 59
- 9.1.1 Gcc High-end Furniture Market Estimates & Forecast, By Application, 2020–2030 60
- 9.2 Hospitality 61
- 9.2.1 Hospitality: Market Estimates & Forecast, By Country, 2020–2030 61
- 9.3 Residential 62
- 9.3.1 Residential: Market Estimates & Forecast, By Country, 2020–2030 62
- 10 Gcc High-end Furniture Market, By Distribution Channel 63
- 10.1 Overview 63
- 10.1.1 Gcc High-end Furniture Market Estimates & Forecast, By Distribution Channel, 2020–2030 64
- 10.2 Supermarkets & Hypermarkets 65
- 10.2.1 Supermarkets & Hypermarkets: Market Estimates & Forecast, By Country, 2020–2030 65
- 10.3 Convenience Store 66
- 10.3.1 Convenience Store: Market Estimates & Forecast, By Country, 2020–2030 66
- 10.4 Specialty Stores 67
- 10.4.1 Specialty Stores: Market Estimates & Forecast, By Country, 2020–2030 67
- 10.5 Online 68
- 10.5.1 Online: Market Estimates & Forecast, By Country, 2020–2030 68
- 11 Gcc High-end Furniture Market, By Country 69
- 11.1 Overview 69
- 11.2 Gcc 71
- 11.2.1 Bahrain 73
- 11.2.2 Kuwait 74
- 11.2.3 Oman 76
- 11.2.4 Qatar 77
- 11.2.5 Kingdom Of Saudi Arabia 79
- 11.2.6 United Arab Emirates 80
- 12 Competitive Landscape 82
- 12.1 Introduction 82
- 12.2 Market Strategy Analysis 82
- 12.3 List Of Suppliers/ Distributors Of The Furniture Market 82
- 12.4 Competitive Benchmarking 83
- 12.5 Key Developments & Growth Strategies 84
- 12.5.1 Distribution Channel 84
- 12.5.2 Merger & Acquisitions 84
- 13 Company Profiles 85
- 13.1 Pan Emirates Home Furnishings 85
- 13.1.1 Company Overview 85
- 13.1.2 Financial Overview 85
- 13.1.3 Products Offered 85
- 13.1.4 Key Developments 89
- 13.1.5 Swot Analysis 89
- 13.1.6 Key Strategies 89
- 13.2 Ashley Furniture Industries, Llc 90
- 13.2.1 Company Overview 90
- 13.2.2 Financial Overview 90
- 13.2.3 Products Offered 90
- 13.2.4 Key Developments 92
- 13.2.5 Swot Analysis 93
- 13.2.6 Key Strategies 93
- 13.3 Rattan House 94
- 13.3.1 Company Overview 94
- 13.3.2 Financial Overview 94
- 13.3.3 Products Offered 94
- 13.3.4 Key Developments 97
- 13.3.5 Swot Analysis 98
- 13.3.6 Key Strategies 98
- 13.4 R2r Furniture 99
- 13.4.1 Company Overview 99
- 13.4.2 Financial Overview 99
- 13.4.3 Products Offered 99
- 13.4.4 Key Developments 100
- 13.4.5 Swot Analysis 101
- 13.4.6 Key Strategies 101
- 13.5 Al Huzaifa 102
- 13.5.1 Company Overview 102
- 13.5.2 Financial Overview 102
- 13.5.3 Products Offered 102
- 13.5.4 Key Developments 105
- 13.5.5 Swot Analysis 107
- 13.5.6 Key Strategies 107
- 13.6 Fatima Furniture Manufacturing Llc 108
- 13.6.1 Company Overview 108
- 13.6.2 Financial Overview 108
- 13.6.3 Products Offered 108
- 13.6.4 Key Developments 110
- 13.6.5 Key Strategies 110
- 13.7 Danube Home 111
- 13.7.1 Company Overview 111
- 13.7.2 Financial Overview 111
- 13.7.3 Products Offered 111
- 13.7.4 Key Developments 113
- 13.7.5 Key Strategies 113
- 13.8 Bukannan Furnishing 114
- 13.8.1 Company Overview 114
- 13.8.2 Financial Overview 114
- 13.8.3 Products Offered 114
- 13.8.4 Key Developments 116
- 13.8.5 Key Strategies 116
- 13.9 Home R Us 117
- 13.9.1 Company Overview 117
- 13.9.2 Financial Overview 117
- 13.9.3 Products Offered 117
- 13.9.4 Key Developments 119
- 13.9.5 Key Strategies 119
- 13.10 Sophia Home 120
- 13.10.1 Company Overview 120
- 13.10.2 Financial Overview 120
- 13.10.3 Products Offered 120
- 13.10.4 Key Developments 122
- 13.10.5 Key Strategies 122
- List Of Tables
- Table 1 Primary Interviews 24
- Table 2 List Of Assumptions & Limitations 28
- Table 3 Gcc High-end Furniture Market Estimates & Forecast, By Product Type, 2020–2030 (Usd Million) 42
- Table 4 Chairs: Market Estimates & Forecast, By Country, 2020–2030 (Usd Million) 43
- Table 5 Sofas: Market Estimates & Forecast, By Country, 2020–2030 (Usd Million) 44
- Table 6 Tables: Market Estimates & Forecast, By Country, 2020–2030 (Usd Million) 45
- Table 7 Beds: Market Estimates & Forecast, By Country, 2020–2030 (Usd Million) 46
- Table 8 Cabinets: Market Estimates & Forecast, By Country, 2020–2030 (Usd Million) 47
- Table 9 Others: Market Estimates & Forecast, By Country, 2020–2030 (Usd Million) 47
- Table 10 Gcc High-end Furniture Market Estimates & Forecast, By Material, 2020–2030 (Usd Million) 49
- Table 11 Woods: Market Estimates & Forecast, By Country, 2020–2030 (Usd Million) 50
- Table 12 Plastic: Market Estimates & Forecast, By Country, 2020–2030 (Usd Million) 51
- Table 13 Metal: Market Estimates & Forecast, By Country, 2020–2030 (Usd Million) 52
- Table 14 Glass: Market Estimates & Forecast, By Country, 2020–2030 (Usd Million) 53
- Table 15 Others: Market Estimates & Forecast, By Country, 2020–2030 (Usd Million) 54
- Table 16 Gcc High-end Furniture Market Estimates & Forecast, By Category, 2020–2030 (Usd Million) 56
- Table 17 Rta: Market Estimates & Forecast, By Country, 2020–2030 (Usd Million) 57
- Table 18 Non-rta: Market Estimates & Forecast, By Country, 2020–2030 (Usd Million) 58
- Table 19 Gcc High-end Furniture Market Estimates & Forecast, By Application, 2020–2030 (Usd Million) 60
- Table 20 Hospitality: Market Estimates & Forecast, By Country, 2020–2030 (Usd Million) 61
- Table 21 Residential: Market Estimates & Forecast, By Country, 2020–2030 (Usd Million) 62
- Table 22 Gcc High-end Furniture Market Estimates & Forecast, By Distribution Channel, 2020–2030 (Usd Million) 64
- Table 23 Supermarkets & Hypermarkets: Market Estimates & Forecast, By Country, 2020–2030 (Usd Million) 65
- Table 24 Convenience Store: Market Estimates & Forecast, By Country, 2020–2030 (Usd Million) 66
- Table 25 Specialty Stores: Market Estimates & Forecast, By Country, 2020–2030 (Usd Million) 67
- Table 26 Online: Market Estimates & Forecast, By Country, 2020–2030 (Usd Million) 68
- Table 27 Gcc High-end Furniture Market Estimates & Forecast, By Country, 2020–2030 (Usd Million) 70
- Table 28 Gcc: High-end Furniture Market, By Product Type, 2020–2030 (Usd Million) 71
- Table 29 Gcc: High End-furniture Market, By Material, 2020–2030 (Usd Million) 72
- Table 30 Gcc: High-end-furniture Market, By Category, 2020–2030 (Usd Million) 72
- Table 31 Gcc: High-end Furniture Market, By Application, 2020–2030 (Usd Million) 72
- Table 32 Gcc: High-end Furniture Market, By Distribution Channel, 2020–2030 (Usd Million) 72
- Table 33 Bahrain: High-end Furniture Market, By Product Type, 2020–2030 (Usd Million) 73
- Table 34 Bahrain: High End-furniture Market, By Material, 2020–2030 (Usd Million) 73
- Table 35 Bahrain: High End-furniture Market, By Category, 2020–2030 (Usd Million) 73
- Table 36 Bahrain: High End-furniture Market, By Application, 2020–2030 (Usd Million) 74
- Table 37 Bahrain: High End-furniture Market, By Distribution Channel, 2020–2030 (Usd Million) 74
- Table 38 Kuwait: High-end Furniture Market, By Product Type, 2020–2030 (Usd Million) 74
- Table 39 Kuwait: High End-furniture Market, By Material, 2020–2030 (Usd Million) 75
- Table 40 Kuwait: High End-furniture Market, By Category, 2020–2030 (Usd Million) 75
- Table 41 Kuwait: High End-furniture Market, By Application, 2020–2030 (Usd Million) 75
- Table 42 Kuwait: High End-furniture Market, By Distribution Channel, 2020–2030 (Usd Million) 75
- Table 43 Oman: High-end Furniture Market, By Product Type, 2020–2030 (Usd Million) 76
- Table 44 Oman: High End-furniture Market, By Material, 2020–2030 (Usd Million) 76
- Table 45 Oman: High End-furniture Market, By Category, 2020–2030 (Usd Million) 76
- Table 46 Oman: High End-furniture Market, By Application, 2020–2030 (Usd Million) 77
- Table 47 Oman: High End-furniture Market, By Distribution Channel, 2020–2030 (Usd Million) 77
- Table 48 Qatar: High-end Furniture Market, By Product Type, 2020–2030 (Usd Million) 77
- Table 49 Qatar: High End-furniture Market, By Material, 2020–2030 (Usd Million) 78
- Table 50 Qatar: High End-furniture Market, By Category, 2020–2030 (Usd Million) 78
- Table 51 Qatar: High End-furniture Market, By Application, 2020–2030 (Usd Million) 78
- Table 52 Qatar: High End-furniture Market, By Distribution Channel, 2020–2030 (Usd Million) 78
- Table 53 Kingdom Of Saudi Arabia: High-end Furniture Market, By Product Type, 2020–2030 (Usd Million) 79
- Table 54 Kingdom Of Saudi Arabia: High End-furniture Market, By Material, 2020–2030 (Usd Million) 79
- Table 55 Kingdom Of Saudi Arabia: High End-furniture Market, By Category, 2020–2030 (Usd Million) 79
- Table 56 Kingdom Of Saudi Arabia: High End-furniture Market, By Application, 2020–2030 (Usd Million) 80
- Table 57 Kingdom Of Saudi Arabia: High End-furniture Market, By Distribution Channel, 2020–2030 (Usd Million) 80
- Table 58 United Arab Emirates: High-end Furniture Market, By Product Type, 2020–2030 (Usd Million) 80
- Table 59 United Arab Emirates: High End-furniture Market, By Material, 2020–2030 (Usd Million) 81
- Table 60 United Arab Emirates: High End-furniture Market, By Category, 2020–2030 (Usd Million) 81
- Table 61 United Arab Emirates: High End-furniture Market, By Application, 2020–2030 (Usd Million) 81
- Table 62 United Arab Emirates: High End-furniture Market, By Distribution Channel, 2020–2030 (Usd Million) 81
- Table 63 Distribution Channel 84
- Table 64 Merger & Acquisitions 84
- Table 65 Pan Emirates Home Furnishings: Products Offered 85
- Table 66 Pan Emirates Home Furnishings: Key Developments 89
- Table 67 Ashley Furniture Industries, Llc: Products Offered 90
- Table 68 Rattan House: Products Offered 94
- Table 69 R2r Furniture: Products Offered 99
- Table 70 Al Huzaifa: Products Offered 102
- Table 71 Al Huzaifa: Key Developments 105
- Table 72 Fatima Furniture Manufacturing Llc: Products Offered 108
- Table 73 Danube Home: Products Offered 111
- Table 74 Bukannan Furnishing: Products Offered 114
- Table 75 Home R Us: Products Offered 117
- Table 76 Sophia Home.: Products Offered 120
- List Of Figures
- Figure 1 Market Synopsis 14
- Figure 2 Gcc High-end Furniture Market Analysis, By Product Type, 2021 15
- Figure 3 Gcc High-end Furniture Market Analysis, By Material, 2021 16
- Figure 4 Gcc High-end Furniture Market Analysis, By Category, 2021 17
- Figure 5 Gcc High-end Furniture Market Analysis, By Application, 2021 18
- Figure 6 Gcc High-end Furniture Market Analysis, By Distribution Channel, 2021 19
- Figure 7 Gcc High-end Furniture Market: Structure 21
- Figure 8 Key Buying Criteria For Gcc High-end Furniture Market 22
- Figure 9 Research Process 23
- Figure 10 Top-down & Bottom-up Approaches 26
- Figure 11 Market Dynamic Analysis Of The Gcc High-end Furniture Market 29
- Figure 12 Interntional Tourist Arrivals (Usd Million) 33
- Figure 13 Value Chain: Gcc High-end Furniture Market 34
- Figure 14 Gcc High-end Furniture Food Market: Supply Chain Analysis 36
- Figure 15 Porter's Five Forces Analysis Of The Gcc High-end Furniture Market 37
- Figure 16 Gcc High-end Furniture Market, By Product Type, 2021 (% Share) 41
- Figure 17 Gcc High-end Furniture Market, By Product Type, 2020–2030 (Usd Million) 42
- Figure 18 Gcc High-end Furniture Market, By Material, 2021 (% Share) 48
- Figure 19 Gcc High-end Furniture Market, By Material, 2020–2030 (Usd Million) 49
- Figure 20 Gcc High-end Furniture Market, By Category, 2021 (% Share) 55
- Figure 21 Gcc High-end Furniture Market, By Category, 2020–2030 (Usd Million) 56
- Figure 22 Gcc High-end Furniture Market, By Application, 2021 (% Share) 59
- Figure 23 Gcc High-end Furniture Market, By Application, 2020–2030 (Usd Million) 60
- Figure 24 Gcc High-end Furniture Market, By Distribution Channel, 2021 (% Share) 63
- Figure 25 Gcc High-end Furniture Market, By Distribution Channel, 2020–2030 (Usd Million) 64
- Figure 26 Gcc High-end Furniture Market, By Country, 2020–2030 (Usd Million) 69
- Figure 27 Gcc High-end Furniture Market, By Country, 2021 (% Share) 70
- Figure 28 Benchmarking Of Major Competitors 83
- Figure 29 Pan Emirates Home Furnishings: Swot Analysis 89
- Figure 30 Ashley Furniture Industries, Llc: Swot Analysis 93
- Figure 31 Rattan House: Swot Analysis 98
- Figure 32 R2r Furniture: Swot Analysis 101
- Figure 33 Al Huzaifa: Swot Analysis 107
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