Product Code: ETC039500 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Saudi Arabia hotel furniture market is expected to register a CAGR of 5.4% during the forecast period from 2025-2031. The growing tourism sector and hospitality industry in the country are driving the growth of this market, as hotels require high-quality furniture for their guests` comfort and convenience. Additionally, rising disposable incomes amongst citizens has led to an increase in demand for luxury hotel rooms, further increasing demand for hotel furniture in the region. However, economic uncertainties caused by decreasing oil prices have acted as a restraint on market growth over recent years.
Increasing number of tourists coming into Saudi Arabia each year with improved international travel infrastructure is one of the major factors that will drive the growth of this market over its forecast period. This is because more people means higher accommodation requirements which will result in increased sales for hotel furniture suppliers in the region. An improvement and rise in disposable income amongst citizens has led to an increased number of luxury hotels being built across all cities within Saudi Arabia which requires high quality furnishings including beds, sofas etc., thus propelling growth within this segment.
Economic volatility caused by fluctuating oil prices may affect consumer spending power leading to decreased demand for luxurious products such as those used by hotels resulting in slower growth within this sector than anticipated previously . Furthermore , it could also lead manufacturers to raise product prices due to increased cost associated with raw materials needed for production thereby hampering overall revenue generation.
Due To Covid - 19 pandemic , there was significant drop offs witnessed across hospitality industries worldwide especially during peak lockdown periods where almost every place had implemented restrictions on travelling & gathering activities forcing majority customers who would usually visit places like restaurants & Hotels stay at home instead . This resulted huge downfall bringing down revenues generated by these establishments significantly impacting entire supply.
The key players in the Saudi Arabia Hotel Furniture Market are Cappellini, Poltrona Frau Group, Mabeo Furniture, Humanscale Corporation, AirTek Inc., Clarin Furniture Co., American Seating Company, Steelcase Inc., Herman Miller Inc., and Allseating Corporation.
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 Saudi Arabia Hotel Furniture Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Hotel Furniture Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Hotel Furniture Market - Industry Life Cycle |
3.4 Saudi Arabia Hotel Furniture Market - Porter's Five Forces |
3.5 Saudi Arabia Hotel Furniture Market Revenues & Volume Share, By Product Types, 2021 & 2031F |
3.6 Saudi Arabia Hotel Furniture Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Saudi Arabia Hotel Furniture Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Hotel Furniture Market Trends |
6 Saudi Arabia Hotel Furniture Market, By Types |
6.1 Saudi Arabia Hotel Furniture Market, By Product Types |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Hotel Furniture Market Revenues & Volume, By Product Types, 2021-2031F |
6.1.3 Saudi Arabia Hotel Furniture Market Revenues & Volume, By Table and Chairs, 2021-2031F |
6.1.4 Saudi Arabia Hotel Furniture Market Revenues & Volume, By Hotel Beds, 2021-2031F |
6.1.5 Saudi Arabia Hotel Furniture Market Revenues & Volume, By Hotel Casegoods, 2021-2031F |
6.1.6 Saudi Arabia Hotel Furniture Market Revenues & Volume, By Other, 2021-2031F |
6.2 Saudi Arabia Hotel Furniture Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Hotel Furniture Market Revenues & Volume, By Business Hotel, 2021-2031F |
6.2.3 Saudi Arabia Hotel Furniture Market Revenues & Volume, By Luxury Hotel, 2021-2031F |
6.2.4 Saudi Arabia Hotel Furniture Market Revenues & Volume, By Boutique Hotel, 2021-2031F |
6.2.5 Saudi Arabia Hotel Furniture Market Revenues & Volume, By Other, 2021-2031F |
7 Saudi Arabia Hotel Furniture Market Import-Export Trade Statistics |
7.1 Saudi Arabia Hotel Furniture Market Export to Major Countries |
7.2 Saudi Arabia Hotel Furniture Market Imports from Major Countries |
8 Saudi Arabia Hotel Furniture Market Key Performance Indicators |
9 Saudi Arabia Hotel Furniture Market - Opportunity Assessment |
9.1 Saudi Arabia Hotel Furniture Market Opportunity Assessment, By Product Types, 2021 & 2031F |
9.2 Saudi Arabia Hotel Furniture Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Saudi Arabia Hotel Furniture Market - Competitive Landscape |
10.1 Saudi Arabia Hotel Furniture Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Hotel Furniture Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |