Product Code: ETC019679 | 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 | |
Saudi Arabia is the largest furniture manufacturing and exporting country in the Middle East and North Africa (MENA) region. The Saudi Arabia household furniture market has grown significantly during the past few years, driven primarily by rising disposable incomes coupled with rapid urbanization. Moreover, increased government initiatives to promote local manufacturing of furniture have further contributed to the growth of this sector.
The major drivers for growth in the Saudi Arabia Household Furniture Market are increasing demand from millennials, low cost of production compared to other regions, increase in residential construction activities, rise in purchasing power parity among consumers as well as government initiatives such as Saudization programs that support local manufacturers and encourage exports. Additionally, technological advancements such as automated factory systems have reduced overall costs associated with production process due to economy of scale leading to increased profits. Furthermore, emergence/ penetration of online retailing platforms along with availability of a wide range options for customers has also been driving sales in this industry.
Despite positive outlook towards this industry there exist certain challenges which could hamper its growth trajectory over forecast period including limited access to raw materials due to stringent regulations imposed on imports and difficulty in obtaining credit facilities for SMEs often results into higher costs associated with production processes or lack thereof resulting further hindering their operations thus affecting sales figures negatively. In addition shortage of skilled labour along with high employment rate can lead towards slower progress within this domain if not addressed properly at early stages by relevant authorities/organizations across nation on priority basis.
Due to ongoing Covid pandemic demand within SA households furniture market is expected slow down slightly owing disruption supply line network due lockdowns implemented globally partly responsible for delay deliveries both international & domestic levels besides direct impact on customer spending habits brought about fear caused uncertainties prevailing situation . Nevertheless active steps taken by government ensure smoother functioning business operations resulted temporary.
The major players operating in Saudi Arabia Household Furniture Market are IKEA SABEGSAL (Sweden), Home Center LLC (UAE), Maxi House Retail Co Ltd.(KSA), Focus Home Decor Co Ltd.(KSA) , Future Group(UAE/India) , Al Hokair Group For Tourism & Development (KSA) , Damasco Interiors LLC (Dubai).
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 Household furniture Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Household furniture Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Household furniture Market - Industry Life Cycle |
3.4 Saudi Arabia Household furniture Market - Porter's Five Forces |
3.5 Saudi Arabia Household furniture Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 Saudi Arabia Household furniture Market Revenues & Volume Share, By Area of Use, 2021 & 2031F |
4 Saudi Arabia Household furniture Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Household furniture Market Trends |
6 Saudi Arabia Household furniture Market, By Types |
6.1 Saudi Arabia Household furniture Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Household furniture Market Revenues & Volume, By Types, 2021-2031F |
6.1.3 Saudi Arabia Household furniture Market Revenues & Volume, By Wood Furniture, 2021-2031F |
6.1.4 Saudi Arabia Household furniture Market Revenues & Volume, By Metal Furniture, 2021-2031F |
6.1.5 Saudi Arabia Household furniture Market Revenues & Volume, By Plastic Furniture, 2021-2031F |
6.1.6 Saudi Arabia Household furniture Market Revenues & Volume, By Others, 2021-2031F |
6.2 Saudi Arabia Household furniture Market, By Area of Use |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Household furniture Market Revenues & Volume, By Bedroom Furniture, 2021-2031F |
6.2.3 Saudi Arabia Household furniture Market Revenues & Volume, By Living Room Furniture, 2021-2031F |
6.2.4 Saudi Arabia Household furniture Market Revenues & Volume, By Dining Room Furniture, 2021-2031F |
6.2.5 Saudi Arabia Household furniture Market Revenues & Volume, By Household Furniture, 2021-2031F |
6.2.6 Saudi Arabia Household furniture Market Revenues & Volume, By Others, 2021-2031F |
7 Saudi Arabia Household furniture Market Import-Export Trade Statistics |
7.1 Saudi Arabia Household furniture Market Export to Major Countries |
7.2 Saudi Arabia Household furniture Market Imports from Major Countries |
8 Saudi Arabia Household furniture Market Key Performance Indicators |
9 Saudi Arabia Household furniture Market - Opportunity Assessment |
9.1 Saudi Arabia Household furniture Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 Saudi Arabia Household furniture Market Opportunity Assessment, By Area of Use, 2021 & 2031F |
10 Saudi Arabia Household furniture Market - Competitive Landscape |
10.1 Saudi Arabia Household furniture Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Household furniture Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |