Market Forecast By Product Type (Home furniture market, Home textiles market, Floor coverings market), By Distribution Channel (Offline Retail, Online Retail) And Competitive Landscape
Product Code: ETC016806 | Publication Date: Jun 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Jordan Home Furnishings Market |
Forecast period | 2025-2031 |
CAGR | 8% |
Growing Sector | Residential |
The Jordan Home Furnishings Market report thoroughly covers the market by Product Type and Distribution Channel. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Jordan Home Furnishings Market has been witnessing growth over the years and is expected to grow significantly in the coming years. This can be attributed to various factors such as rising disposable income, government regulations, changing consumer preferences, and urbanization.
According to 6Wresearch, the Jordan Home Furnishings Market size is expected to grow at a significant CAGR of 8% during 2025-2031. One of the main drivers of Jordan's home furnishings market is the rise in disposable income among its citizens. People are more willing to spend on quality furniture to enhance their living spaces. With more people moving from rural to urban areas for job opportunities and better living conditions, there is a high demand for housing and furniture. Urban areas also offer a larger customer base for furniture retailers, leading to market growth. Moreover, the changing consumer preferences towards modern and contemporary furniture have raised the demand for the home furnishings market.
However, despite being growing, the market also faces some challenges. One of the major challenges is the high competition from imported products. Moreover, they rely heavily on imported raw materials, which affects their competitiveness in terms of pricing and quality. Furthermore, the market requires highly skilled labour, however, Jordan faces a shortage of skilled labour.
Some of the key players in the Jordan home furnishings market include Zara Home, IKEA, Home Center, Damas Furniture, Al Hadiqa Furniture, and Habitat for Humanity Jordan. These companies offer a wide range of products, including furniture, home decor items, lighting solutions, textiles, and other household accessories. They also focus on providing customers with affordable yet stylish options to cater to the diverse needs and preferences of the population.
One of the key initiatives is the establishment of industrial zones dedicated to furniture production. In addition, the government has implemented policies to reduce import duties on raw materials used in furniture production, making it more affordable for manufacturers to source locally. The government has also encouraged the use of sustainable practices in the industry, such as promoting the use of eco-friendly materials and implementing regulations for proper waste management. Moreover, the government has been actively promoting the Jordanian home furnishings market internationally through participation in trade fairs and exhibitions. Furthermore, the government offers financial support and incentives to small and medium-sized enterprises (SMEs) in the home furnishings industry such as loans, grants, and training programs.
The Jordan home furnishings market is expected to grow significantly in the coming years due to factors such as increasing urbanization, rising disposable incomes, and a growing demand for modern living spaces. The market is also likely to witness technological advancements in the production of eco-friendly and sustainable home furnishings, driven by consumer preference for environmentally responsible products. Moreover, the rise of e-commerce platforms has made it easier for customers to access a wide variety of home furnishing products, further boosting the growth of the market.
According to Ravi Bhandari, Research Head, 6Wresearch, the home furniture segment holds the largest share of the market. This can be attributed to the rise in disposable income and urbanization, leading to an increase in demand for stylish and comfortable furniture.
In terms of distribution channels, the online retail segment is experiencing growth in the market due to convenience, a wider product selection, and competitive pricing.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Jordan Home Furnishings Market Overview |
3.1 Jordan Country Macro Economic Indicators |
3.2 Jordan Home Furnishings Market Revenues & Volume, 2021 & 2031F |
3.3 Jordan Home Furnishings Market - Industry Life Cycle |
3.4 Jordan Home Furnishings Market - Porter's Five Forces |
3.5 Jordan Home Furnishings Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Jordan Home Furnishings Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Jordan Home Furnishings Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Jordan Home Furnishings Market Trends |
6 Jordan Home Furnishings Market, By Types |
6.1 Jordan Home Furnishings Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Jordan Home Furnishings Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Jordan Home Furnishings Market Revenues & Volume, By Home furniture market, 2021-2031F |
6.1.4 Jordan Home Furnishings Market Revenues & Volume, By Home textiles market, 2021-2031F |
6.1.5 Jordan Home Furnishings Market Revenues & Volume, By Floor coverings market, 2021-2031F |
6.2 Jordan Home Furnishings Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Jordan Home Furnishings Market Revenues & Volume, By Offline Retail, 2021-2031F |
6.2.3 Jordan Home Furnishings Market Revenues & Volume, By Online Retail, 2021-2031F |
7 Jordan Home Furnishings Market Import-Export Trade Statistics |
7.1 Jordan Home Furnishings Market Export to Major Countries |
7.2 Jordan Home Furnishings Market Imports from Major Countries |
8 Jordan Home Furnishings Market Key Performance Indicators |
9 Jordan Home Furnishings Market - Opportunity Assessment |
9.1 Jordan Home Furnishings Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Jordan Home Furnishings Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Jordan Home Furnishings Market - Competitive Landscape |
10.1 Jordan Home Furnishings Market Revenue Share, By Companies, 2024 |
10.2 Jordan Home Furnishings Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |