Saudi Arabia Home Furniture Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 4.49 Billion |
| Market Size (2029) | USD 5.98 Billion |
| CAGR (2024 - 2029) | 5.91 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Saudi Arabia Home Furniture Market Analysis
The Saudi Arabia Home Furniture Market size is estimated at USD 4.49 billion in 2024, and is expected to reach USD 5.98 billion by 2029, growing at a CAGR of 5.91% during the forecast period (2024-2029).
Living room furniture and bedroom furniture are among the segments of Saudi Arabia's furniture market, which generate the largest amount of revenue with continuous growth over the years. The total population in Saudi Arabia is observing a continuous increase, with a rise in residential spaces leading to demand arising from households for home furniture. As the economy is recovering from the negative impact of the pandemic urban population in the country is increasing, leading to a rise in commercial space as well as luxury/Premium furniture.
With the advent of COVID-19, retail furniture sales in Saudi Arabia observed a decline due to imposed restrictions. As the commercial spaces started for remote working, their furniture demand also declined. To minimize the decline in revenue sales, furniture firms started making their products available through E-commerce and other online channels.
Contract furniture in Saudi Arabia is observing continuous growth from the local government as well as commercial businesses. Share of home ownership is observing continuous growth in the country with the expectation of reaching more than 70% over the coming years, signaling a rising business for furniture manufacturers. Al-Riyadh, Jiddah, Makkah, AL-Madinah, and others are emerging as leading cities in Saudi Arabia, which are creating opportunities for sales of the furniture market.
Saudi Arabia Home Furniture Market Trends
Rising Bedroom Furniture Sales
Bedroom furniture is considered a form of decorative art ranging from beds with mattresses of different shapes and sizes to clothes closets, nightstands, and dressers. The rise in Saudi Arabia's residential apartments and a rise in modern infrastructure facilities are expected to spur the demand for the home furniture market owing to the customer's interest in furniture and home decor. In the revenue of the furniture market of Saudi Arabia, bedroom furniture has a share of more than 19%, with a continuous increase in revenue over the years.
With Leading space in the residential segments being occupied by apartments and villas in Saudi Arabia, they are emerging as the segments with rising demand for bedroom furniture as people prefer apartments in cities. In addition to this, after recovery from COVID-19, the hospitality segment in the country is observing a rise in business and resuming their demand for bedding and bedroom furniture.
Rise in Online Sales
With the advent of COVID-19, retail offline sales of the furniture market were affected negatively by a decline in sales. Online revenue sales of the furniture market during the period observed an increase as more retailers started offering their products online and more people started purchasing products through E-Commerce. Among the brand share, Amazon has a share of more than 50% in Saudi Arabia, which leads to furniture of major brands Costco, Easy Home, Target, and others being available through online sales channels.
With an increasing number of payment options available in online purchase methods of Credit Card, EMI, and others, combined with lucrative offers available by the sellers, is making online sales of furniture a user-friendly way and purchase. With this trend, online purchase options are opening new revenue sources, enabling manufacturers to raise their sales of furniture.
Saudi Arabia Home Furniture Industry Overview
The report covers major manufacturers and retailers operating in the Saudi Arabian home furniture market. In terms of market share, a large number of manufacturers make the home furniture market a fragmented one. With technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets. Some of the existing players in Saudi Arabia's home furniture market are Saudi Modern Factory, Riyadh Furniture Industries Co., Al-Abdulkader Furniture Co. Ltd, AL Juraid, and Distretto Design.
Home Accessories Market Leaders
Saudi Modern Factory
Riyadh Furniture Industries Co.
Al-Abdulkader Furniture Co. Ltd
AL Juraid
Distretto Design
*Disclaimer: Major Players sorted in no particular order
Home Accessories Market News
- November 2022: Daze, a leading furniture provider in Lebanon and KSA, announced the launch of its new showroom on King Abdulaziz Street in Saudi Arabia's Buraydah region. The opening reinforces Daze’s commitment to attending to its clientele through a fast-expanding network of branches and unique modern designs.
- March 2023: Saudi-based online furniture marketplace Baytonia announced the closing of its first undisclosed funding seed round, led by Khwarizmi Ventures (KV), with participation from angel investors. Baytonia’s platform plans to use the latest funding to scale its distinguished customer experience and service and expand its high-quality product offerings across Saudi Arabia.
Saudi Arabia Home Furniture Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rise in Residential space driving the market
4.2.2 Opening up of Hospitality and Office space driving the market
4.3 Market Restraints
4.3.1 Rising Price of Wooden Furniture Products
4.3.2 Lack of store availability in Area away from Cities
4.4 Market Opportunities
4.4.1 Increasing sales of Furniture through online channels
4.4.2 User-specific furniture demand from residential and commercial space
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Buyers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competitive Rivalry
4.6 Technological Innovations in Saudi Arabia Furniture Market
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Living Room Furniture
5.1.2 Dining Room Furniture
5.1.3 Bedroom Furniture
5.1.4 Kitchen Furniture
5.1.5 Other Types
5.2 By Distribution Channel
5.2.1 Home Centers
5.2.2 Flagship Stores
5.2.3 Specialty Stores
5.2.4 Online
5.2.5 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profile
6.2.1 Saudi Modern Factory
6.2.2 Riyadh Furniture Industry
6.2.3 Al-Abdulkader Furniture Co. Ltd.
6.2.4 AL Juraid
6.2.5 Distretto Design
6.2.6 Inter IKEA Group
6.2.7 Al Aamer Furniture Co Ltd.
6.2.8 Almutlaq Furniture
6.2.9 Midas Furniture
6.2.10 Ashley Furniture Industries Inc.
6.2.11 Saudi Company For Hardware*
7. MARKET FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Home Accessories Industry Segmentation
Furniture refers to movable objects intended to support various human activities such as seating, eating, and sleeping, to hold objects at a convenient height for work, or to store things. Furniture can be a product of design and is considered a form of decorative art made up of many materials, including metal, plastic, and wood.
The Saudi Arabian furniture market is segmented by type (living room furniture, dining room furniture, bedroom furniture, kitchen furniture, and other types) and by distribution channel (home centers, flagship stores, specialty stores, online stores, and other distribution channels).
The report offers market size and forecasts for the Saudi Arabia furniture market in value (USD) for all the above segments.
| By Type | |
| Living Room Furniture | |
| Dining Room Furniture | |
| Bedroom Furniture | |
| Kitchen Furniture | |
| Other Types |
| By Distribution Channel | |
| Home Centers | |
| Flagship Stores | |
| Specialty Stores | |
| Online | |
| Other Distribution Channels |
Saudi Arabia Home Furniture Market Research Faqs
How big is the Saudi Arabia Home Furniture Market?
The Saudi Arabia Home Furniture Market size is expected to reach USD 4.49 billion in 2024 and grow at a CAGR of 5.91% to reach USD 5.98 billion by 2029.
What is the current Saudi Arabia Home Furniture Market size?
In 2024, the Saudi Arabia Home Furniture Market size is expected to reach USD 4.49 billion.
Who are the key players in Saudi Arabia Home Furniture Market?
Saudi Modern Factory, Riyadh Furniture Industries Co., Al-Abdulkader Furniture Co. Ltd, AL Juraid and Distretto Design are the major companies operating in the Saudi Arabia Home Furniture Market.
What years does this Saudi Arabia Home Furniture Market cover, and what was the market size in 2023?
In 2023, the Saudi Arabia Home Furniture Market size was estimated at USD 4.24 billion. The report covers the Saudi Arabia Home Furniture Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Saudi Arabia Home Furniture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Saudi Arabia Home Furniture Industry Report
Statistics for the 2024 Saudi Arabia Home Furniture market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Saudi Arabia Home Furniture analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
