Saudi Arabia Home Furniture Companies (2024 - 2029)

Saudi Arabia Home Furniture Market Companies Summary

The home furniture market in Saudi Arabia is witnessing steady growth with living room and bedroom furniture segments generating significant revenue. This growth is attributed to an increase in the country's total population, leading to a rise in residential spaces and subsequently, a surge in demand for home furniture. As the economy recovers from the pandemic, the urban population is also increasing, creating a demand for commercial space and luxury/premium furniture. To cope with the initial decline in retail sales due to COVID-19 restrictions, furniture companies shifted their focus to e-commerce and other online platforms. In Saudi Arabia, contract furniture is experiencing continuous growth from both the local government and commercial businesses. This growth is also fueled by an increase in home ownership, indicating a promising future for furniture manufacturers. Several cities in Saudi Arabia are emerging as leading markets for furniture sales. The trend of rising bedroom furniture sales is also noteworthy, driven by the increase in residential apartments and modern infrastructure facilities. Post-pandemic, the hospitality segment is also witnessing a revival, contributing to the demand for bedding and bedroom furniture. The advent of COVID-19 led to a surge in online sales of furniture, opening new revenue sources for manufacturers.