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Saudi Arabia Home Furniture Market Size (2024 - 2029)

The Saudi Arabia furniture market is experiencing growth, driven by an increasing population and rising demand for home furniture, particularly in living and bedroom segments. The market size is expanding as residential and commercial spaces grow, with a notable shift towards luxury and premium furniture. The pandemic initially caused a decline in retail sales, prompting furniture companies to enhance their online presence. Additionally, contract furniture is gaining traction among government and commercial sectors. The growing home ownership rate and emerging cities like Al-Riyadh, Jiddah, and Makkah are further contributing to the market's expansion.

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Market Size of Saudi Arabia Home Furniture Industry

Saudi Arabia Home Furniture Market Summary
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

Saudi Arabia Home Furniture Market Major Players

*Disclaimer: Major Players sorted in no particular order

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.

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
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Saudi Arabia Home Furniture Market Size Summary

The Saudi Arabia furniture market is poised for significant growth, driven by increasing residential and commercial developments. The market is characterized by a rising demand for home furniture, particularly in the living room and bedroom segments, as the population continues to grow and urbanize. The recovery from the pandemic has spurred a resurgence in commercial spaces and luxury furniture demand, while the shift towards e-commerce has opened new revenue streams for furniture retailers. The market is becoming increasingly fragmented, with numerous manufacturers and retailers vying for market share, and technological advancements are enabling mid-size and smaller companies to expand their presence.

The demand for bedroom furniture is particularly strong, fueled by the rise in residential apartments and modern infrastructure. The hospitality sector's recovery post-COVID-19 has also contributed to the increased demand for bedding and bedroom furniture. Online sales have seen a notable uptick, with platforms like Amazon dominating the market, offering a wide range of products from major brands. The availability of diverse payment options and attractive offers has made online shopping a convenient choice for consumers. Key players in the market include Saudi Modern Factory, Riyadh Furniture Industries Co., and others, with new entrants like Baytonia enhancing the competitive landscape through innovative offerings and strategic expansions.

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Saudi Arabia Home Furniture Market Size - Table of Contents

  1. 1. MARKET DYNAMICS AND INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rise in Residential space driving the market

      2. 1.2.2 Opening up of Hospitality and Office space driving the market

    3. 1.3 Market Restraints

      1. 1.3.1 Rising Price of Wooden Furniture Products

      2. 1.3.2 Lack of store availability in Area away from Cities

    4. 1.4 Market Opportunities

      1. 1.4.1 Increasing sales of Furniture through online channels

      2. 1.4.2 User-specific furniture demand from residential and commercial space

    5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.5.1 Bargaining Power of Suppliers

      2. 1.5.2 Bargaining Power of Buyers

      3. 1.5.3 Threat of New Entrants

      4. 1.5.4 Threat of Substitutes

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Technological Innovations in Saudi Arabia Furniture Market

    7. 1.7 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Living Room Furniture

      2. 2.1.2 Dining Room Furniture

      3. 2.1.3 Bedroom Furniture

      4. 2.1.4 Kitchen Furniture

      5. 2.1.5 Other Types​

    2. 2.2 By Distribution Channel

      1. 2.2.1 Home Centers

      2. 2.2.2 Flagship Stores

      3. 2.2.3 Specialty Stores

      4. 2.2.4 Online

      5. 2.2.5 Other Distribution Channels

Saudi Arabia Home Furniture Market Size FAQs

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.

In 2024, the Saudi Arabia Home Furniture Market size is expected to reach USD 4.49 billion.

Saudi Arabia Home Furniture Market Report Snapshots

Saudi Arabia Furniture Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)