Please Wait.....
Report
Saudi Arabia Home Furniture - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2020 - 2029
Market Report I 2024-02-17 I 150 Pages I Mordor Intelligence
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.
Saudi Arabia Home Furniture Market Trends
Rising Bedroom Furniture Sales
Bedroom furniture is considered a form of decorative art ranging from beds with mattresses of different shapes and sizes to clothes closets, nightstands, and dressers. The rise in Saudi Arabia's residential apartments and a rise in modern infrastructure facilities are expected to spur the demand for the home furniture market owing to the customer's interest in furniture and home decor. In the revenue of the furniture market of Saudi Arabia, bedroom furniture has a share of more than 19%, with a continuous increase in revenue over the years.
With Leading space in the residential segments being occupied by apartments and villas in Saudi Arabia, they are emerging as the segments with rising demand for bedroom furniture as people prefer apartments in cities. In addition to this, after recovery from COVID-19, the hospitality segment in the country is observing a rise in business and resuming their demand for bedding and bedroom furniture.
Rise in Online Sales
With the advent of COVID-19, retail offline sales of the furniture market were affected negatively by a decline in sales. Online revenue sales of the furniture market during the period observed an increase as more retailers started offering their products online and more people started purchasing products through E-Commerce. Among the brand share, Amazon has a share of more than 50% in Saudi Arabia, which leads to furniture of major brands Costco, Easy Home, Target, and others being available through online sales channels.
With an increasing number of payment options available in online purchase methods of Credit Card, EMI, and others, combined with lucrative offers available by the sellers, is making online sales of furniture a user-friendly way and purchase. With this trend, online purchase options are opening new revenue sources, enabling manufacturers to raise their sales of furniture.
Saudi Arabia Home Furniture Industry Overview
The report covers major manufacturers and retailers operating in the Saudi Arabian home furniture market. In terms of market share, a large number of manufacturers make the home furniture market a fragmented one. With technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets. Some of the existing players in Saudi Arabia's home furniture market are Saudi Modern Factory, Riyadh Furniture Industries Co., Al-Abdulkader Furniture Co. Ltd, AL Juraid, and Distretto Design.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rise in Residential space driving the market
4.2.2 Opening up of Hospitality and Office space driving the market
4.3 Market Restraints
4.3.1 Rising Price of Wooden Furniture Products
4.3.2 Lack of store availability in Area away from Cities
4.4 Market Opportunities
4.4.1 Increasing sales of Furniture through online channels
4.4.2 User-specific furniture demand from residential and commercial space
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Buyers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competitive Rivalry
4.6 Technological Innovations in Saudi Arabia Furniture Market
4.7 Impact of COVID-19 on the Market
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Living Room Furniture
5.1.2 Dining Room Furniture
5.1.3 Bedroom Furniture
5.1.4 Kitchen Furniture
5.1.5 Other Types?
5.2 By Distribution Channel
5.2.1 Home Centers
5.2.2 Flagship Stores
5.2.3 Specialty Stores
5.2.4 Online
5.2.5 Other Distribution Channels
6 COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profile
6.2.1 Saudi Modern Factory
6.2.2 Riyadh Furniture Industry
6.2.3 Al-Abdulkader Furniture Co. Ltd.
6.2.4 AL Juraid
6.2.5 Distretto Design
6.2.6 Inter IKEA Group
6.2.7 Al Aamer Furniture Co Ltd.
6.2.8 Almutlaq Furniture
6.2.9 Midas Furniture
6.2.10 Ashley Furniture Industries Inc.
6.2.11 Saudi Company For Hardware*
7 MARKET FUTURE TRENDS
8 DISCLAIMER AND ABOUT US
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security