A comprehensive industry overview and market perspective are included in the latest study from MarkNtel Advisors titledQatar 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.
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Qatar Furniture Market Insights:
The Qatar Furniture market is projected to grow at a CAGR of around 5.63% during the forecast period, i.e., 2023-28.
Qatar Furniture Market Driver:
Rising Tourism Offerings in Various Segments: Qatar has always been known for its diversified tourism offerings, such as cruise tourism, sports tourism, business events, etc. Due to this, various commercial buildings have been developed, further amplifying the sales of home furnishing items over the historical years. In Qatar, cruise tourism is popular among inbound visitors due to the presence of tourist landmarks nearby Doha port, like Souq Waqif, the Museum of Islamic Art, the Doha Corniche, and the National Museum of Qatar, etc. In line with this, the government of Qatar targeted to attract around 500,000 cruise tourists by 2026. This results in rising construction activities of commercial buildings as well as their retro fittings, thereby supporting market growth.
With this variety of tourism offerings by the government, the country has also been focusing on developing as a destination wedding hub for tourists. Owing to this, a redevelopment & new construction of magnificent ballrooms & vistas catalyzed the demand for home furnishing items such as lighting fixtures, window coverings, and indoor furniture in the following years.
Qatar Furniture Market Leading Key Players:
Offline Furniture [Tivoli Furniture, Almuftah Group, Al Rugaib Furniture, IKEA, HomeCenter, Marina Home, Danube Home, Almana Maple, Decoration World, Depa Qatar, The One, Home RUs], Online Furniture [Pan-Emirates Home Furnishing]
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Qatar Furniture Market Segmentation:
Based on Material
Based on Product Categories
– Indoor Furniture
— Bedroom Furniture
— Chest of Drawers
— Dining Furniture
— Home Office Furniture
— Kitchen Furniture
— Living Room Furniture
— Sitting Furniture
— Sofa Beds
— Other Sofas
— Storage Furniture
– Outdoor Furniture
Based on End-Users
– Residential Furniture
– Others (Education, Rental Companies, etc.)
Based on Distribution Channel
— Specialty Stores
— Hypermarkets & Supermarkets
– Online Stores
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Recent Development of Qatar Furniture Market:
2022: Home Box launched its first store in Qatar, situated in the mall of Qatar, Doha. In Eastern Countries, Qatar is the 4th country where the company has opened its store due to the growing demand. For upcoming years as well Home Box has plans for further expansion in the country.
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