SAUDI ARABIA HOME FURNITURE MARKET - GROWTH, TRENDS, AND FORECAST (2019-2024)

The market is segmented by the Type (Kitchen Furniture, Living-room & Dining-room Furniture, Bedroom Furniture, and Other Furniture), by Distribution Channel.

Market Snapshot

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Study Period:

2015-2024

Base Year:

2018

CAGR:

The market is expected to grow at a CAGR of 7% for the forecast period.

Key Players:

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Market Overview

The Saudi Arabia home furniture industry has become one of the most vibrant and fastest growing industries in the GCC region.

  • The growing number of real estate development and increasing demand for residential property along with the governmental initiatives to develop socio-economic infrastructure is driving the whole furniture industry in the country.
  • Since the local manufacturers are facing a dearth of raw materials and parts required for making furniture products, hence the demand is met by importing of furniture products.
  • The rising interest and investment of foreign players either to increase their presence or to expand in different emirates is further boosting the country home furniture industry.  
  • It is anticipated that in the future, the demand and supply gap will reduce with the expected decline in the import of furniture products.
  • Internet Penetration is rising giving way for demand for online furniture. Role of media has also played a pivotal role in increasing the demand for furniture products. Consumers tend to get new innovative ideas on redecoration of houses from various TV programs and magazines which particulars cater to home furnishings. E-Commerce has played an important role in advertising and promotion of furniture products across the country.

Scope of the Report

A complete background analysis of the Saudi Arabia Home Furniture Market, which includes an assessment of the parental market, emerging trends by segments and regional markets, Significant changes in market dynamics and market overview is covered in the report.

By Type
Kitchen Furniture
Living-room & Dining-room Furniture
Bedroom Furniture
Other Furniture
By Distribution Channel
Offline
Online

Report scope can be customized per your requirements. Click here.

Key Market Trends

Bedroom Furniture Segment

Bedroom Furniture can be a product of design and is considered a form of decorative art.  The furniture included in the market segment ranges from beds with mattresses of different shapes and sizes, to clothes closets, nightstands and dressers.

  • Revenue in the Bedroom Furniture segment amounted to USD 3 billion in 2015. 
  • In global comparison, most revenue is generated in the United States in 2017.
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To understand key trends, Download Sample Report

Living and Dining Room Furniture

Saudi Arabia demand for the living and dining room furniture is increasing. The segment includes furniture found in living rooms, parlors, lounges, lobbies, and dining rooms.

  • Revenue in the Living-room & Dining-room Furniture segment amounts to USD 4 billion in 2018. 
  • In global comparison, most revenue is generated in the United States in 2017.
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Competitive Landscape

The report covers major international players operating in the Saudi Arabia Home Furniture Market. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.

Major Players

  1. Saudi Modern Factory
  2. Riyadh Furniture Industries Co
  3. Al Mutlaq Furniture
  4. Al-Abdulkader Furniture Co. Ltd.
  5. Al Aamer Furniture

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Key Deliverables of the Study

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS AND DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Drivers

    3. 4.3 Restraints

    4. 4.4 Opportunities

    5. 4.5 Trends Influencing the Saudi Arabia Home Furniture Market

    6. 4.6 Value Chain Analysis of the Saudi Arabia Home Furniture Market

    7. 4.7 Porter's Five Forces Analysis

    8. 4.8 E-commerce Impact on the Market

    9. 4.9 Technological Innovations

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Kitchen Furniture

      2. 5.1.2 Living-room & Dining-room Furniture

      3. 5.1.3 Bedroom Furniture

      4. 5.1.4 Other Furniture

    2. 5.2 By Distribution Channel

      1. 5.2.1 Offline

      2. 5.2.2 Online

  6. 6. COMPANY PROFILES

    1. 6.1 Saudi Modern Factory

    2. 6.2 Riyadh Furniture Industries Co

    3. 6.3 Al Mutlaq Furniture

    4. 6.4 Al-Abdulkader Furniture Co. Ltd.

    5. 6.5 Al Aamer Furniture

    6. 6.6 Al Rugaib Furniture

    7. 6.7 Al Jedaie Fabrics and Furniture Co

    8. 6.8 Al Jedaie *

  7. *List Not Exhaustive
  8. 7. INVESTMENT ANALYSIS ON THE SAUDI ARABIA HOME FURNITURE MARKET

  9. 8. FUTURE OF THE SAUDI ARABIA HOME FURNITURE MARKET

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