Furniture Market – GCC
Market Statistics
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 7.29% (2024-2032)
The GCC furniture market is expanding, driven by urbanization, rising disposable incomes, real estate growth, and increasing demand for modern designs. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 7.29% from 2024 to 2032.
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GCC Furniture Market Trends and Drivers
- The GCC furniture market is rapidly expanding due to a booming real estate sector and significant focus on tourism and hospitality infrastructure.
- The development of luxury hotels, commercial spaces, and high-end residential projects is driving increased demand for furniture.
- The presence of expatriates and a wealthy population further boosts the demand for premium furnishings.
- Major events such as Dubai Expo and the upcoming FIFA World Cup are accelerating furniture procurement for hospitality and public spaces.
- Consumer preferences are shifting towards custom and luxury furniture, reflecting a global trend towards personalization and exclusivity.
- Both local and international manufacturers are responding with bespoke products tailored to Middle Eastern tastes.
- There is a growing emphasis on sustainability and eco-friendly materials, influenced by environmental awareness and supportive regulations.
- The rise of online furniture retail is reshaping the market by offering a wider range of products, increasing competition, and driving innovation.
- These trends are expected to continue driving growth in the GCC furniture market in the coming years.
GCC Furniture Industry Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest GCC furniture market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.
Breakup by Material:
- Metal
- Wood
- Plastic
- Glass
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty stores
- Online stores
- Others
Breakup by End Use:
- Residential
- Commercial
Breakup by Country:
- Saudi Arabia
- UAE
- Qatar
- Bahrain
- Kuwait
- Oman
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Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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