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Report
Saudi Arabia Furniture Market Report and Forecast 2024-2032
Market Report I 2024-06-20 I 211 Pages I EMR Inc.
Saudi Arabia Furniture Market Report and Forecast 2024-2032
Market outlook
According to the report by Expert Market Research (EMR), the Saudi Arabia furniture market size reached a value of USD 7.91 billion in 2023. Aided by the increasing demand for high-quality and aesthetically pleasing furniture products and the growing applications of furniture in various sectors, the market is projected to further grow at a CAGR of 6.2% between 2024 and 2032 to reach a value of USD 13.59 billion by 2032.
The furniture market encompasses a wide range of products, including home, office, and commercial furniture, which are essential for enhancing the aesthetic appeal and functionality of living and working spaces. The key benefits of furniture include comfort, style, and utility, making them indispensable in both residential and commercial settings.
The increasing consumer preference for high-quality and aesthetically pleasing furniture products is driving the Saudi Arabia furniture market growth. With the growing awareness of interior design and home aesthetics, there has been a significant shift towards premium furniture products, leading to a surge in demand. Additionally, the rising trend of home renovation and improvement has further contributed to the increasing popularity of furniture, as consumers seek to enhance their living spaces.
The expanding applications of furniture in various sectors also play a significant role in propelling the market. In the residential sector, furniture is used to create comfortable and stylish living environments. In the commercial sector, offices, hotels, and retail spaces use high-quality furniture to enhance the user experience and create a professional ambiance. Moreover, the hospitality sector utilizes furniture to provide comfort and luxury to guests, enhancing their overall experience.
Further, the growing focus on sustainable and eco-friendly furniture has led to an increased demand for products made from sustainable materials and manufacturing practices. With advancements in furniture design and manufacturing techniques, modern furniture solutions are designed to be more durable, ergonomic, and environmentally friendly, reducing their overall environmental impact. This trend is expected to boost the furniture market expansion in the coming years, consequently driving up the Saudi Arabia furniture market share.
Advancements in furniture manufacturing technology have greatly improved the quality and functionality of furniture products. Innovations such as ergonomic design, modular furniture, and smart furniture have enhanced the performance and appeal of modern furniture. These technological improvements have helped to overcome many of the challenges associated with traditional furniture manufacturing and have positioned the industry for future growth.
The economic growth and rising disposable income in Saudi Arabia are contributing to the increased demand for furniture. As consumers have more disposable income, they are willing to spend on high-quality furniture products to enhance their living and working spaces. This economic prosperity is supporting the growth of the furniture market in the region.
Wood is a traditional and popular material used in furniture manufacturing. The demand for wood furniture is driven by its durability, aesthetic appeal, and versatility. Metal furniture is known for its strength and modern look. The demand for metal furniture is driven by its durability and contemporary design. Plastic furniture is lightweight and affordable. The demand for plastic furniture is driven by its versatility and ease of maintenance.
As per the Saudi Arabia furniture market analysis, significant investments in real estate and hospitality are driving the demand for furniture. The development of residential and commercial properties, as well as hotels and resorts, creates opportunities for furniture manufacturers to supply high-quality products.
Market Segmentation
The market can be divided based on product, material, end use, and distribution channel
Market Breakup by Product
- Beds
- Tables and Desks
- Sofa and Couch
- Chairs and Stools
- Cabinets and Shelves
- Others
Market Breakup by Material
- Metal
- Wood
- Plastic
- Glass
- Others
Market Breakup End Use
- Residential
- Commercial
Market Breakup by Distribution Channel
- Home Centres
- Flagship Stores
- Speciality Stores
- Online
- Others
Competitive landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in Saudi Arabia furniture market. some of the major players explored in the report by expert market research are as follows:
- Steelcase Inc.
- Saudi Modern Factory Co.
- Haworth Inc.
- MillerKnoll
- Kinnarps AB
- Tanatel Furniture
- Matanah Furniture Factory
- National Furniture Manufacturing Company (Athath)
- Aflak Group
- Natuzzi S.p.A.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Furniture Market Overview
8.1 Key Industry Highlights
8.2 Global Furniture Historical Market (2018-2023)
8.3 Global Furniture Market Forecast (2024-2032)
8.4 Global Furniture Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Saudi Arabia Furniture Market Overview
9.1 Key Industry Highlights
9.2 Saudi Arabia Furniture Historical Market (2018-2023)
9.3 Saudi Arabia Furniture Market Forecast (2024-2032)
10 Saudi Arabia Furniture Market by Product
10.1 Beds
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Tables and Desks
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Sofa and Couch
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Chairs and Stools
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Cabinets and Shelves
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 Saudi Arabia Furniture Market by Material
11.1 Metal
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Wood
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Plastic
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Glass
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Saudi Arabia Furniture Market by End Use
12.1 Residential
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Commercial
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Saudi Arabia Furniture Market by Distribution Channel
13.1 Home Centers
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Flagship Stores
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Speciality Stores
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Online
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code - 9403)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Steelcase Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Saudi Modern Factory Co.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Haworth Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 MillerKnoll
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Kinnarps AB
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Tanatel Furniture
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Matanah Furniture Factory
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 National Furniture Manufacturing Company (Athath)
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Aflak Group
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Natuzzi S.p.A.
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Furniture Market: Key Industry Highlights, 2018 and 2032
2. Saudi Arabia Furniture Market: Key Industry Highlights, 2018 and 2032
3. Saudi Arabia Furniture Historical Market: Breakup by Product (USD Billion), 2018-2023
4. Saudi Arabia Furniture Market Forecast: Breakup by Product (USD Billion), 2024-2032
5. Saudi Arabia Furniture Historical Market: Breakup by Material (USD Billion), 2018-2023
6. Saudi Arabia Furniture Market Forecast: Breakup by Material (USD Billion), 2024-2032
7. Saudi Arabia Furniture Historical Market: Breakup by End Use (USD Billion), 2018-2023
8. Saudi Arabia Furniture Market Forecast: Breakup by End Use (USD Billion), 2024-2032
9. Saudi Arabia Furniture Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
10. Saudi Arabia Furniture Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
11. Major Importing Countries by Volume
12. Major Exporting Countries by Volume
13. Major Importing Countries by Value
14. Major Exporting Countries by Value
15. Saudi Arabia Furniture Market Structure
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