Navigating the Future of Saudi Arabia Home Furniture Market: Trends, Analysis, and Key Players by 2028
A comprehensive industry overview and market perspective are included in the latest study from MarkNtel Advisors titledSaudi Arabia Home Furniture Market. The research provides a detailed overview of the current market state, including market trends and the most recent advancements made globally. In-depth analysis of market size, share, industry trends, forecast, and competitive environment is covered in the report that presents clear picture of the market with relevant statistical data.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Saudi Arabia Home Furniture Market Definition:
Furniture can be followed back to the ancient or Neolithic eras. It provides comfort at home while allowing us to express our style. Home furniture is an object made up of wood, metal, and cane used for decorative, storage purposes, and comfortable living. It includes furniture like a bed, seat, sofa, dining table, and other objects required in the bedroom or living room for availing comfort in the residential spaces.
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Saudi Arabia Home Furniture Market Insights:
The Saudi Arabia Home Furniture market is projected to grow at a CAGR of around 7.4% during the forecast period, i.e., 2023-2028.
Saudi Arabia Home Furniture Market Driver:
Expansion in the Residential Sector to Impel the Furniture Demand – The increasing real estate development projects as well as the growing demand for residential property in Saudi Arabia has infused the growth of home furniture in the country. Moreover, the government of Saudi Arabia has taken several initiatives, such as the Housing Program Vision 2030, the Sakani Program, and the Ministry of Housing Infrastructure Program, which has heightened the establishment of new residential units in the country.
Further, the burgeoning investments for developing socio-economic infrastructure by the Ministry of Housing in the country have driven the demand for home furniture. In 2018, the Saudi Arabia government launched the ‘Housing Program’ to create a vibrant environment for families & society. The program was initiated to set up new standards for the development of the residential sectors to provide affordable housing options to the citizens of Saudi Arabia.
Thus, the rising expansion of the residential sector has eased the population to purchase property, which, in turn, has boosted the demand for home furniture in Saudi Arabia.
Saudi Arabia Home Furniture Market Leading Key Players:
B&B Italia, Natuzzi, Kare Design, Ashley Furniture Industries Inc., ID Design, Wayfair, Saudi Modern Factory Company, IKEA, Oppein Home Group, Williams-Sonoma, Others
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Saudi Arabia Home Furniture Market Segmentation:
Based on Type of Furniture
– Bedroom Furniture- Market Size & Forecast 2018-2028F, USD Million
— Bed– Market Size & Forecast 2018-2028F, USD Million
— Low End— Market Size & Forecast 2018-2028F, USD Million
— Mid Segment— Market Size & Forecast 2018-2028F, USD Million
— High End— Market Size & Forecast 2018-2028F, USD Million
— Others (Side-table, Closets & Cabinets, etc.) — Market Size & Forecast 2018-2028F, USD Million
– Living Room Furniture- Market Size & Forecast 2018-2028F, USD Million
— Seats– Market Size & Forecast 2018-2028F, USD Million
— Sofas– Market Size & Forecast 2018-2028F, USD Million
— Low End— Market Size & Forecast 2018-2028F, USD Million
— Mid Segment— Market Size & Forecast 2018-2028F, USD Million
— High End— Market Size & Forecast 2018-2028F, USD Million
— Others (Dining table, Cabinets, TV & other storage units, etc.) — Market Size & Forecast 2018-2028F, USD Million
Based on Sales Channel
– Offline- Market Size & Forecast 2018-2028F, USD Million
– Online- Market Size & Forecast 2018-2028F, USD Million
Based on Material Type
– Wood- Market Size & Forecast 2018-2028F, USD Million
– Metal- Market Size & Forecast 2018-2028F, USD Million
– Glass- Market Size & Forecast 2018-2028F, USD Million
– Plastic- Market Size & Forecast 2018-2028F, USD Million
– Others (Rattan/Wicker, Upholstery, etc.)- Market Size & Forecast 2018-2028F, USD Million
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Saudi Arabia Home Furniture Market Geographical Analysis
By Region
– Central
– East
– West
– South
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