Product Code: ETC043579 | 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 wardrobes market is estimated to grow at a CAGR of 5.7% during the forecast period 2025-2031. The growing demand for home furniture and rising disposable income are some of the major drivers that are expected to propel market growth. Moreover, changing lifestyles and increasing number of nuclear families in the country further drive this market??s growth. Additionally, technological advancement such as speakers in wardrobes, smart lighting systems, etc., will create huge potential opportunities for vendors operating in this market over the next six years.
There has been an increase in demand for home furniture products due to rising awareness about interior decorating among customers across the region which is expected to drive this market??s growth over the forecast period 2025-2031. Increasing disposable incomes and changing lifestyles have resulted in consumers shifting their focus towards quality lifestyle products including wardrobe designs with more storage capacity that reflects their status symbolism resulting into driving sales within this sector over upcoming years ahead. In order to provide efficient storage solutions , vendors have been focusing on developing innovative wardrobe designs providing multiple compartments tailored specifically according customer needs . For instance , vendors now offer features like built -in speakers , automated lights and remote controlled access points integrated into these devices providing users with premium user experience while utilizing them . This factor will result into increased adoption levels amongst customers bringing higher revenues within these sectors during estimated time frame.
High installation costs associated with wardrobe solutions poses challenge amongst end users resulting into reduced adoptions levels specially when considering luxury segment where cost associated with product installation increases significantly even after purchasing high priced items from retailers thus leading vendor face challenges related decreased revenue generation amidst competition present within industry vertical.
The COVID-19 pandemic has had a significant impact on various industries across the globe, including that of wardrobes in Saudi Arabia as well. The industry witnessed an initial decline due to disruptions caused by lockdown and travel restrictions imposed by governments worldwide in order to contain the spread of coronavirus infection. This resulted in reduced sales due to lack of customer footfall at retail stores which further led to low production levels and supply chain disruptions as factories were closed down or operated with limited capacity leading to increased cost pressure on manufacturers eventually affecting their margins.
Some key players operating in the Saudi Arabia Wardrobes Market include Ikea (Sweden), Home Center (UAE), Butterfly (Egypt), Eurohome Furniture Co.(Saudi Arabia), Al Jazira Furnishings(Saudi Arabia).
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 Wardrobes Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Wardrobes Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Wardrobes Market - Industry Life Cycle |
3.4 Saudi Arabia Wardrobes Market - Porter's Five Forces |
3.5 Saudi Arabia Wardrobes Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Saudi Arabia Wardrobes Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Saudi Arabia Wardrobes Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Wardrobes Market Trends |
6 Saudi Arabia Wardrobes Market, By Types |
6.1 Saudi Arabia Wardrobes Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Wardrobes Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Saudi Arabia Wardrobes Market Revenues & Volume, By Finished Wardrobes, 2021-2031F |
6.1.4 Saudi Arabia Wardrobes Market Revenues & Volume, By Customized Wardrobes, 2021-2031F |
6.2 Saudi Arabia Wardrobes Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Wardrobes Market Revenues & Volume, By Residential Use, 2021-2031F |
6.2.3 Saudi Arabia Wardrobes Market Revenues & Volume, By Commercial Use, 2021-2031F |
7 Saudi Arabia Wardrobes Market Import-Export Trade Statistics |
7.1 Saudi Arabia Wardrobes Market Export to Major Countries |
7.2 Saudi Arabia Wardrobes Market Imports from Major Countries |
8 Saudi Arabia Wardrobes Market Key Performance Indicators |
9 Saudi Arabia Wardrobes Market - Opportunity Assessment |
9.1 Saudi Arabia Wardrobes Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Saudi Arabia Wardrobes Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Saudi Arabia Wardrobes Market - Competitive Landscape |
10.1 Saudi Arabia Wardrobes Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Wardrobes Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |