SAUDI ARABIA HOME FURNITURE MARKET - GROWTH, TRENDS, AND FORECAST (2020 - 2025)

The Saudi Arabia Home Furniture Market is segmented by Type (Kitchen Furniture, Living-room, and Dining-room Furniture, Bedroom Furniture, and Other Furniture) and Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, Online, and Others).

Market Snapshot

Study Period:

2015-2024

Base Year:

2019

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Market Overview

The Saudi Arabian 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, are driving the furniture industry in the country.
  • Since the local manufacturers are facing a shortage of raw materials and parts required for manufacturing furniture products, the demand is met by importing furniture products.
  • The rising interest and investment of foreign players, either to increase their presence or to expand in different emirates, are further boosting the country’s home furniture industry.  
  • It is anticipated that in the future, the demand and supply gap may reduce with the expected decline in the import of furniture products.
  • Rising internet penetration is increasing the demand for online furniture. Role of media has also played a pivotal role in increasing the demand for furniture products. Consumers get new innovative ideas on redecoration of houses from various TV programs and magazines, which 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 Arabian home furniture market, which includes an assessment of the parental market, emerging trends in the segments and regional markets, and significant changes in market dynamics and market overview, is covered in the report.

By Type
Kitchen Furniture
Living-room and Dining-room Furniture
Bedroom Furniture
Other Furniture
By Distribution Channel
Supermarkets & Hypermarkets
Specialty Stores
Online
Others

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Key Market Trends

Bedroom Furniture Segment

Bedroom furniture is considered as 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.

  • The revenue of the bedroom furniture segment was valued at USD 3 billion in 2015. 
  • Globally, in 2017, the United States generated most of the revenue in the bedroom furniture segment.

 

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Living-room and Dining-room Furniture Segment

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

  • The revenue of the living-room and dining-room segment was valued at USD 4 billion in 2018. 
  • Globally, in 2017, the United States generated most of the revenue in the living-room and dining-room segment.

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Competitive Landscape

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

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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 Arabian Home Furniture Market

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

    7. 4.7 Porter's Five Forces Analysis

    8. 4.8 Technological Innovations

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Kitchen Furniture

      2. 5.1.2 Living-room and 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 Supermarkets & Hypermarkets

      2. 5.2.2 Specialty Stores

      3. 5.2.3 Online

      4. 5.2.4 Others

  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

    9. 6.9 Bed Bath & Beyond Inc.

    10. 6.10 Williams-Sonoma, Inc.

    11. 6.11 Ikea*

  7. 7. FUTURE OF THE SAUDI ARABIAN HOME FURNITURE MARKET

** Subject to Availability

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