GCC Furniture Rental Market Outlook 2030: Leading Companies & Share Insights

GCC Furniture Rental Market Size & Insights

According to MarkNtel Advisors study The future of GCC Furniture Rental Market is estimated to grow at a CAGR of around 7.35% during the forecast period, i.e., 2024-30, due to the significant construction of hotels, multi-cuisine restaurants, resorts, etc. The retail & hospitality sector would likely foresee significant growth in the GCC Furniture Rental Market in the forecast years, as the inbound tourists are rising across the region mainly for occupational purposes.

What are the Key Driver in the GCC Furniture Rental Market?

Positioning of GCC as an Event Hub to Promote the Furniture Rental Market – The GCC region has long been a global hub for hosting & organizing major international events. With the rise of the UAE, Saudi Arabia, Qatar, etc., as an event hub, the number of furniture rental companies has increased across the region. Hosting numerous events, conferences, trade shows, and exhibitions in the GCC requires a vast amount of event furniture, including seating, booths, tables, and décor. Event organizers opt for furniture rental to create visually appealing and functional event spaces. Thus, upcoming events are acting as a driving force for equipment rental companies, opening up a massive potential market for furniture rental companies across the GCC region.

Furthermore, the UAE, Saudi Arabia, Qatar, etc., government is pushing its capabilities to increase the number of events held in the country each year. For instance, the DBE (Dubai Business Events) captured around 120 events in 2021 and now plans to capture over 400 global events in 2025. Such initiatives for substantial growth in the event sector increase the market size of outdoor furniture and it is anticipated to elevate the GCC Furniture Rental Market in the coming years.

What are the Key Segments in the GCC Furniture Rental Market?

The GCC Furniture Rental is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

During 2019-2023, the demand for wood-based rental furniture witnessed considerable growth in the GCC Furniture Rental Market. Wooden furniture offers customization to match specific interior design requirements as compared to others. Rental providers offer different wood finishes and styles to meet customer preferences and the overall aesthetic of the rental property.

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How does geographical analysis highlight in the GCC Furniture Rental market?

The UAE dominates the GCC Furniture Rental Market with a considerable share during the period of 2019-2023.

Who are the Key Players in GCC Furniture Rental Market?

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Key pillars of the research methodology include:

“Our methodology reflects the trust businesses place in us. By combining innovation with precision, we deliver not just numbers, but clarity and direction for decision-makers worldwide,” said a spokesperson for MarkNtel Advisors.

Why This MarkNtel Advisors Research Report:

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