Furniture is commonly acknowledged as a fundamental necessity for homes and workplaces, and it has a big impact on people’s comfort and general efficiency. A further factor increasing demand for contemporary and unique furniture is the sophisticated look that furniture provides to a room. A few examples of these are tables, chairs, desks, beds, and cupboards. Many materials, including plastic, wood, metal, and so forth, are used in the furniture industry.
According to SPER market research, ‘Saudi Arabia Furniture Market Size – By Type, By Distribution- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Saudi Arabia Furniture Market is predicted to reach USD 14.6 billion by 2033 with a CAGR of 7.44%.
Many factors are driving the market, including rising disposable incomes, the expansion of the real estate and hospitality sectors, and the desire of certain consumer segments for more upscale, luxurious furniture. Additionally, new wood tree species being introduced for furniture manufacturing and internet marketing are some of the factors anticipated to support the market’s growth. The demand for home furnishings is also expected to rise as a result of Saudi Arabia’s growing residential apartment population and the development of new infrastructure, as consumers become more interested in home décor and furniture. Having a revenue share of over 19% and consistent growth over time, bedroom furniture holds a prominent position in the Saudi Arabian furniture market.
The furniture market in Saudi Arabia faces several challenges as it continues to grow. The dependence on revenue from oil is one of the primary challenges. Saudi Arabia’s economy depends heavily on oil, so changes in oil prices could have an impact on people’s ability to make purchases, which could result in a drop in furniture sales. The impact of culture and religion presents another difficulty in the design and production of furniture. The stringent Islamic values upheld in Saudi Arabia have an impact on the kinds of furniture that are acceptable in the market. The possibility that particular materials and designs are inappropriate for the heat is another problem.
Request For Free Sample Report @ https://www.sperresearch.com/report-store/saudi-arabia-furniture-market.aspx?sample=1
COVID-19 had a detrimental effect on furniture retail offline sales. During this period, online revenue from furniture sales increased as more retailers began selling their products online and as more consumers began using electronic commerce for purchases. Because Amazon has a significant brand share in the Saudi Arabian market, furniture from well-known retailers like Costco, Easy Home, Target, and others can be purchased online. Additionally, Al Aamer Furniture Co Ltd, AL Juraid, Al-Abdulkader Furniture Co. Ltd., Almutlaq Furniture, Ashley Furniture Industries Inc., Distretto Design.
KSA Furniture Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Type: Based on the Type, Saudi Arabia Furniture Market is segmented as; Living Room Furniture, Dining Room Furniture, Bedroom Furniture, Kitchen Furniture, Others.
By Distribution Channel: Based on the Distribution Channel, Saudi Arabia Furniture Market is segmented as; Home Centers, Flagship Stores, Specialty Stores, Online, Others.
By Region: This research also includes data for Eastern Region, Western Region, Southern Region, Northern Region.
For More Information, refer to below link:-
Related Reports:
Follow Us –
LinkedIn | Instagram | Facebook | Twitter
Contact Us:
Sara Lopes, Business Consultant – USA
SPER Market Research
+1-347-460-289974
About Author
