Market Forecast By Material Types (Plastic, Wood, Metal, Other), By Applications (Residential, Commercial), And Competitive Landscape
|Product Code: ETC009781
|Publication Date: Mar 2023
|Updated Date: Feb 2024
|Product Type: Report
|No. of Pages: 70
|No. of Figures: 35
|No. of Tables: 5
Qatar Furniture Market has been growing steadily in recent years due to the country's strong economic growth, rising disposable incomes, and increasing urbanization. The market has come across several latest developments over the years. For instance, the growing popularity of online shopping in Qatar compels many furniture retailers to offer their products through e-commerce platforms. Moreover, there has been a growing interest in sustainable and eco-friendly furniture in Qatar owing to the increased awareness about environmental issues. Also, there is an increasing demand for luxury furniture which, in turn, led to the growth of high-end furniture.
Many furniture retailers in Qatar are now offering customized solutions to meet the needs of their customers as consumers look for furniture that matches with their specific requirements. Further, a significant increase in the population due to a growing economy and infrastructure development has led to an increased demand for furniture to accommodate the growing number of commercial establishments and residential houses. Qatar has made significant investments in its tourism and hospitality industry, which has resulted in an increased demand for furniture in hotels and other commercial establishments. These factors will help in boosting the growth of the furniture market in Qatar.
The Qatar Furniture Market report comprehensively covers the market by Material type, applications, and distribution channels. 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.
Qatar Furniture market is projected to grow on the back of growing the real estate industry, population increase, migration towards Qatar for jobs, and rising government support. Multi-Functional furniture rise for extra storage in small-size houses of migrants is also on the rise. Market demand for more offices, a government push for infrastructural development, and support towards foreign players and imports in the country are some of the major growth push factors for the Qatar Furniture market. Preference for branded and readymade is increasing which in turn influences the Qatar Furniture market share.
According to 6Wresearch, the Qatar Furniture Market size is projected to register growth during the forecast period 2022-2028. The demand for both residential and non-residential furniture usage is on a positive trend due to the rise in construction activity. The demand of the market is fulfilled through mainly imports due to the geography and size of the country. Due to the high GDP and disposable income of the country demand for premium and luxury is also increasing. Marketing through various internet platforms and integration of the internet of things in the furniture themselves is driving innovation in the market. The cost of furniture is also coming down due to development in manufacturing, automated manufacturing, and recycling technology.
Based on Material type, due to residential applications and demand wooden material type accounted for the largest revenue share in the Qatar Furniture market.
Based on Applications, Commercial application has the largest segment in the Qatar Furniture market owing to the push from the real estate market, constructions, and government support for infrastructural development in the country.
The pandemic disrupted the international market and imports from all over the world, which in turn led to a downturn in the Qatar Furniture market. Consumption expectations, cancellations of orders, economic conditions, and consumer demand all went on downhill.
The report offers a comprehensive study of the subsequent market segments:
|1 Executive Summary
|2.1 Key Highlights of the Report
|2.2 Report Description
|2.3 Market Scope & Segmentation
|2.4 Research Methodology
|3 Qatar Furniture Market Overview
|3.1 Qatar Country Macro Economic Indicators
|3.2 Qatar Furniture Market Revenues & Volume, 2021 & 2028F
|3.3 Qatar Furniture Market - Industry Life Cycle
|3.4 Qatar Furniture Market - Porter's Five Forces
|3.5 Qatar Furniture Market Revenues & Volume Share, By Material Types, 2021 & 2028F
|3.6 Qatar Furniture Market Revenues & Volume Share, By Applications, 2021 & 2028F
|4 Qatar Furniture Market Dynamics
|4.1 Impact Analysis
|4.2 Market Drivers
|4.3 Market Restraints
|5 Qatar Furniture Market Trends
|6 Qatar Furniture Market, By Types
|6.1 Qatar Furniture Market, By Material Types
|6.1.1 Overview and Analysis
|6.1.2 Qatar Furniture Market Revenues & Volume, By Material Types, 2018-2028F
|6.1.3 Qatar Furniture Market Revenues & Volume, By Plastic, 2018-2028F
|6.1.4 Qatar Furniture Market Revenues & Volume, By Wood, 2018-2028F
|6.1.5 Qatar Furniture Market Revenues & Volume, By Metal, 2018-2028F
|6.1.6 Qatar Furniture Market Revenues & Volume, By Other, 2018-2028F
|6.2 Qatar Furniture Market, By Applications
|6.2.1 Overview and Analysis
|6.2.2 Qatar Furniture Market Revenues & Volume, By Residential, 2018-2028F
|6.2.3 Qatar Furniture Market Revenues & Volume, By Commercial, 2018-2028F
|7 Qatar Furniture Market Import-Export Trade Statistics
|7.1 Qatar Furniture Market Export to Major Countries
|7.2 Qatar Furniture Market Imports from Major Countries
|8 Qatar Furniture Market Key Performance Indicators
|9 Qatar Furniture Market - Opportunity Assessment
|9.1 Qatar Furniture Market Opportunity Assessment, By Material Types, 2021 & 2028F
|9.2 Qatar Furniture Market Opportunity Assessment, By Applications, 2021 & 2028F
|10 Qatar Furniture Market - Competitive Landscape
|10.1 Qatar Furniture Market Revenue Share, By Companies, 2021
|10.2 Qatar Furniture Market Competitive Benchmarking, By Operating and Technical Parameters
|11 Company Profiles