Saudi Arabia Home Furniture Market Outlook 2030: Leading Companies & Share Insights

3 weeks ago

Saudi Arabia Home Furniture Market Size & Insights

According to MarkNtel Advisors study The future of Saudi Arabia Home Furniture Market is projected to grow at a CAGR of around 7.4% during the forecast period, i.e., 2024-30. An increase in industrialization & urbanization in Saudi Arabia has positively affected the consumption behaviors of its residents, expanding luxury goods, furniture, and other items of personal consumption. This phenomenon aided the revenue growth of the Home Furniture market during the historical years.

What are the Key Driver in the Saudi Arabia Home Furniture Market?

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.

What are the Key Segments in the Saudi Arabia Home Furniture Market?

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

By Type of Furniture
- Bedroom Furniture- Market Size & Forecast 2019-2030F, USD Million
  - Bed– Market Size & Forecast 2019-2030F, USD Million
    - Low End— Market Size & Forecast 2019-2030F, USD Million
    - Mid Segment— Market Size & Forecast 2019-2030F, USD Million
    - High End— Market Size & Forecast 2019-2030F, USD Million
  - Others (Side-table, Closets & Cabinets, etc.) — Market Size & Forecast 2019-2030F, USD Million
- Living Room Furniture- Market Size & Forecast 2019-2030F, USD Million
  - Seats– Market Size & Forecast 2019-2030F, USD Million
  - Sofas– Market Size & Forecast 2019-2030F, USD Million
    - Low End— Market Size & Forecast 2019-2030F, USD Million
    - Mid Segment— Market Size & Forecast 2019-2030F, USD Million
    - High End— Market Size & Forecast 2019-2030F, USD Million
  - Others (Dining table, Cabinets, TV & other storage units, etc.) — Market Size & Forecast 2019-2030F, USD Million

Bedroom Furniture sales increased significantly in the Saudi Arabian Home Furniture market due to the growing number of residential buildings. The rising population & surge in expatriates in Saudi Arabia have been the prime factors for the increasing number of residential buildings & apartments in the region. Moreover, consumers have been spending extensively on the purchase of beds based on their comfort & attractiveness.

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By Sales Channel
- Offline- Market Size & Forecast 2019-2030F, USD Million
- Online- Market Size & Forecast 2019-2030F, USD Million
By Material Type
- Wood- Market Size & Forecast 2019-2030F, USD Million
- Metal- Market Size & Forecast 2019-2030F, USD Million
- Glass- Market Size & Forecast 2019-2030F, USD Million
- Plastic- Market Size & Forecast 2019-2030F, USD Million
- Others (Rattan/Wicker, Upholstery, etc.)- Market Size & Forecast 2019-2030F, USD Million

How does geographical analysis highlight in the Saudi Arabia Home Furniture market?

By Region
- Central
- East
- West
- South

Who are the Key Players in Saudi Arabia Home Furniture Market?

B&B Italia
Natuzzi
Kare Design
Ashley Furniture Industries Inc
ID Design
Wayfair
Saudi Modern Factory Company
IKEA
Oppein Home Group
Williams-Sonoma

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Key pillars of the research methodology include:

Scope & Research Design – Clearly defined objectives with tailored qualitative and quantitative methods, backed by precise timelines and budgets.
Sample Selection & Data Collection – Representative samples achieved through proven techniques like random and stratified sampling, supported by reliable tools such as surveys, interviews, and observations.
Data Analysis & Validation – Rigorous cleaning, advanced statistical modeling, and thematic analysis ensure accuracy, reliability, and minimal bias.
Forecasting & Finalization – Predictive modeling and time-series analysis anticipate future market behaviors, presented through insightful reports with charts, graphs, and strategic recommendations.

“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:

In-depth Market Analysis: Understand trends and dynamics shaping growth.
Segmented Insights: Target specific segments for focused strategies.
Geographical Performance: Assess market opportunities by geographic area.
Emerging Technologies: Discover advancements like AI integration.
Risk Identification: Pinpoint challenges to inform strategic planning.
Future Forecasts: Prepare for market changes with actionable projections.

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