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

The UAE 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

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Study Period:

2015-2024

Base Year:

2018

CAGR:

2%

Key Players:

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Market Overview

The UAE home furniture market is expected to register a CAGR of 2% during the forecast period.

  • In the United Arab Emirates, people are increasing their spending on renovating homes (furniture, kitchens, bathrooms, and flooring), and are investing in higher-quality products. In Abu Dhabi and Dubai, there are a large number of expats (more than 170 nationalities), therefore, the region is developing as a potential market for all types of furniture.
  • Major raw materials that are required for the production of furniture products are wood. Some other inputs include fittings and finishing materials.
  • It was observed that the demand for high-end luxury furniture items has increased over the years. Furniture items, which entail heavy fabric and leather, were more preferred by the people of the country.
  • This rise in demand has led to the growing domestic demand and the emergence of multiple players catering to the same target audience. Manufacturers and retailers operating in the region compete on almost the same grounds of quality of the product and the material used to manufacture the product.
  • Branded furniture companies are slowly starting to take over this market.

Scope of the Report

A complete background analysis of the UAE 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

The Living Room and Dining Room Furniture Segment

The living room and dining room furniture segment dominated the UAE residential furniture market revenues. Sofa Sets captured the majority share in living room furniture items. The sofa sets are available in materials of velvet, leather, and a mixture of silk and cotton. Globally, in 2018, the United States generated most of the revenues in this segment. The rise in these products was mainly due to an increase in the expat population in the United Arab Emirates. 

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To understand key trends, Download Sample Report

The Bedroom Furniture Segment

The growing population and the influx of expatriates in the United Arab Emirates have led to an increase in demand for the number of residential spaces across the region. The sales of bedroom furniture increased in the country, in order to cater to the expanding customer base. Revenue from the sales of mattresses had a major share in the total market revenue of this segment.

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Competitive Landscape

The UAE furniture industry is expected to register a positive CAGR during 2019-2024, with the increase in nuclear families and rise in demand for residential apartments. The country is likely to witness an increase in the expat population, owing to the stability in oil prices in the near future. The development of key projects, like Caesars Palace, Fairmont, and other projects, may lead to the development of the tourism industry in the country.

Major Players

  1. IKEA
  2. Home Centre
  3. PAN Emirates Home Furnishings
  4. IDdesign
  5. Danube Home

* 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 UAE Home Furniture Market

    6. 4.6 Value Chain Analysis of the UAE 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 IKEA

    2. 6.2 Home Centre

    3. 6.3 PAN Emirates

    4. 6.4 Royal Furniture

    5. 6.5 Danube

    6. 6.6 Marina Home

    7. 6.7 Homes R Us

    8. 6.8 IDdesign

    9. 6.9 Pottery Barn

    10. 6.10 Home Box

    11. 6.11 Natuzzi

    12. 6.12 Herman Miller

    13. 6.13 Ashley Furniture Industries, Inc.

    14. 6.14 Bed Bath & Beyond Inc*

  7. *List Not Exhaustive
  8. 7. FUTURE OF THE UAE HOME FURNITURE MARKET

  9. 8. DISCLAIMER

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