Market Forecast By Type (Wooden, Metal, Fabric, Other), By Application (Residential, Commercial) And Competitive Landscape
Product Code: ETC433475 | Publication Date: Nov 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Saudi Arabia Garden Bench Market is anticipated to grow owing to multiple factors in the forecast period. The major drivers for the market growth are increasing population, growing tourism industry, and rapid urbanization. However, high cost of raw materials and stringent environmental regulations are some of the challenges faced by the companies operating in this market.
According to 6Wresearch, the Saudi Arabia Garden Bench Market size is expected to grow during 2022-2028. A garden bench is defined as a seat, typically with a back and arms, designed for outdoor use in a garden or park. Garden benches can be made from a variety of materials, including wood, metal, plastic, and stone.
The political stability in Saudi Arabia is expected to encourage foreign investments in the country, which is likely to boost the garden bench market. Moreover, the government initiatives to promote tourism are also expected to drive the growth of the market. The growing construction industry in Saudi Arabia is anticipated to create a demand for garden benches in public parks and gardens. Additionally, the growing disposable income of consumers is expected to fuel the growth of luxury benches made of high-quality materials such as stone and marble.
The changing lifestyle of people is leading to an increased preference for outdoor activities such as gardening and picnicking. This is expected to create a demand for garden benches where people can relax and enjoy the outdoors. Moreover, the increasing popularity of socializing in public parks is also anticipated to drive the growth of the market.
Additionally, the advancement in technology has led to a rise in the production of benches made from innovative materials such as recycled plastic and composite wood. Additionally, manufacturers are offering benches with features such as built-in storage and solar-powered lights, which are attracting consumers.
The rising demand for outdoor furniture is one of the key factors driving the Saudi Arabia Garden Bench Market growth. The growing preference for spending times outdoors, especially among the young population, is resulting in increased demand for outdoor furniture such as garden benches. In addition, the increasing number of housing projects and villas being developed in Saudi Arabia is also contributing to the growth of this market.
The country's construction industry has been growing at a rapid pace in recent years, owing to the increasing investment in the infrastructure and real estate sector. This is also one of the key factors driving the demand for garden benches in the country. Moreover, with the increasing awareness about the importance of maintaining a healthy lifestyle, people are spending more time outdoors, which is providing a boost to the market growth. Furthermore, government initiatives such as "Vision 2030" are expected to create opportunities for market players operating in Saudi Arabia.
Based on material type, the market can be divided into wood garden benches, metal garden benches, and fabric garden benches. Wooden garden benches are the most popular type of bench in Saudi Arabia. They are made from a variety of woods, including cedar, pine, and teak. Wooden benches are durable and long-lasting, but they require more maintenance than other types of benches.
Metal garden benches are less popular than wooden benches, but they have several advantages. Metal benches are more durable than wood benches and they require little maintenance. However, metal benches can be quite uncomfortable to sit on for long periods of time.
Fabric garden benches are becoming more popular in Saudi Arabia. They are made from a variety of fabrics, including canvas, nylon, and polyester. Fabric benches are comfortable to sit on and they require little maintenance. However, they may not be as durable as other types of garden benches. Other types of garden benches include concrete, stone, and plastic. These materials have their own advantages and disadvantages that should be considered when choosing a bench for your garden.
Covid-19 has had a significant impact on Global Garden bench market. The pandemic has caused a decrease in demand for garden benches, as people are spending less time outdoors and are more focused on staying indoors. This has resulted in a decrease in production and exports of garden benches from Saudi Arabia. However, the market is expected to recover in the coming months as restrictions are lifted and people return to their normal outdoor activities.
Weaknesses: One of the main weaknesses of the Saudi Arabia Garden bench market is the lack of standardization in terms of product specifications and quality. This often leads to confusion among buyers regarding the best option to purchase. In addition, most garden benches available in Saudi Arabia are imported from other countries, which makes them relatively more expensive than locally produced products.
The growing popularity of do-it-yourself (DIY) projects among consumers is expected to create significant opportunities to drive the Saudi Arabia Garden bench market revenue over the forecast period. Additionally, the increasing trend of outdoor living and entertaining is also anticipated to drive demand for garden benches in Saudi Arabia over the coming years.
The Saudi Arabia Garden bench market share is characterized by a large number of manufacturers and suppliers, which gives buyers a wide range of options to choose from. In addition, the market is further supported by the presence of raw materials and finished products in various sizes, designs, and colors. Moreover, garden benches in Saudi Arabia are generally made from high-quality materials such as steel, concrete, and stone, which makes them durable and easy to maintain.
Additionally, the Saudi Arabia Garden bench market has intense competition from substitutes such as patio furniture and home furnishings. Additionally, volatile raw material prices are also expected to challenge market participants over the forecast period.
Bargaining power of buyers: The bargaining power of buyers is high if buyers have negotiating leverage over suppliers or can easily switch to another supplier. This force depends on the number of buyers relative to sellers, the degree of differentiation among products, and the switching costs associated with changing suppliers.
Bargaining power of suppliers: The bargaining power of suppliers is high if suppliers have negotiating leverage over buyers or can easily switch to another buyer. This force depends on the number of suppliers relative to buyers, the degree of differentiation among products, and the switching costs associated with changing suppliers.
The report offers a comprehensive study of the subsequent market segments: