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Saudi Arabia Furniture Market | Saudi Arabia Furniture Industry: Ken Research

How Is The Competition Scenario Saudi Arabia Furniture Market?

Competition stage within the Saudi Arabia furniture market was observed to be highly fragmented along with the presence of multiple domestic as well as global players. Furniture products of various price segments, inclusive of cheap, mid-segment and luxurious/premium products are designed by several manufacturers to cater to the needs of ever-expanding the customer base of all classes. Over the years, the competition between the domestic and international players has intensified owing to the increase in demand for furniture products in the KSA. The organized sector has been posing a threat to the unorganized sector for a long while now. However, organized players have been successful due to their rising marketing campaigns and promotions which largely include the price reduction on MRP and high quality being offered at low cost. Apart from that, some of the major parameters on the basis of which companies compete in the market include a number of stores, pricing, and type of material used in furniture, product SKUs, online presence/distribution channel and others.

Case Study For Installing Home Furniture In Saudi Arabia

A set of assumptions have been considered while writing a case study on home furniture installation in the country. Apartment-style houses have been considered where 2 BHK apartments were most widely preferred by the customers of the country ranging from ~ sq. meter to ~sq. meter. We have considered the area of the apartment to be ~square meter. The apartment consists of ~ bedrooms of which one is a master bedroom, with different dimensions, have been considered. The apartment consists of one living room and one kitchen and dining area owing to limited plot size availability with most 2BHK apartments.

Case Study For Installing Hotel Furniture In Saudi Arabia

The hotel furniture installed across Saudi Arabia hotels varies in terms of the quality of the furniture being used which defines the target audience being catered. Luxury and premium hotels are likely to invest heavily on furniture in order to offer exclusive experiences to their customers. However, the budget-friendly hotel is conservative about their spending on furniture. The replacement cycle of furniture is higher in luxury hotels as compared to budget-hotels.

What Is The Future Outlook For The Saudi Arabia Furniture Market?

The furniture industry of Saudi Arabia is expected to grow at a positive double-digit CAGR during the forecast period 2019-2023. The increase in furniture demand is fueled by factors such as the rising number of hotels and resorts due to the promotion of tourism in Saudi Arabia. Government interventions will play a crucial role in driving the furniture market in Saudi Arabia. The relaxation of norms for foreign companies to enter the Saudi Arabia market will drive the increased demand for commercial space hereby, elevating commercial furniture demand. Changing people’s preferences from bulky furniture to sleek as well as multi-purpose furniture will also increase the scope of furniture market over the long term. Upcoming real estate projects such as Amaala and The Red Sea Project will also contribute to the rising demand for luxury furniture in the near future.

Key Segments Covered:-

Market Structure

Organized Segment

Unorganized Segment

Material Used

Wood

Glass

Metal

Plastic

Others (Bamboo and MDP)

End Users

Residential Purpose

Bedroom Furniture

Beds

Beds without Storage

Beds with Storage

Size of Beds

Single Size Bed

Double Size Bed

Queen Size Bed

Material Used in Beds

Wood

Steel

Mattresses

Chests of Drawers

Wardrobe

Living Room Furniture

Sofa

Material Used in Sofa

Fabric

Leather

Sofa Seating Furniture

3+2 Seating

3+2+1+1 Seating

Other Seating Pattern

Coffee Table and Centre Table

Material Used in Coffee Table and Centre Table

Wood

Steel and Glass

Sofa cum Bed

Others (TV Cabinets and Stools)

Dining Table Furniture

Material Used in Dining Table

Wood

Others (Steel and Glass)

Seating Arrangement of Dining Table

< 6 Chairs

6-8 Chairs

8 Chairs

Type of Kitchen Furniture

Modular

Regular

Outdoor Furniture

Style of Residential Indoor Furniture

Modern and Contemporary

Traditional or Classic

Hospitality Furniture

Commercial

Type of Office Furniture

Workstation Desk

Office Chair

Conference Table

Corner Table

Office Storage

Key Target Audience

Furniture Retailers

Furnishings Retailers

Private Equity Companies

Contract Furniture Manufacturers

Furniture Association

Government Associations

Real Estate Developers

Time Period Captured in the Report:-

Historical Period: 2013-2018

Forecast Period: 2019-2023

Companies Covered

IKEA

Home Centre

Almutlaq Furniture

Al-Rugaib Furniture

Al Jedaie Office Furniture

El Ajou Group

Key Topics Covered in the Report:-

Saudi Arabia Furniture Market

Saudi Arabia Furniture Industry

Furniture industry in the KSA

Saudi Arabia furniture market revenue in 2018

Furniture sector in KSA

Saudi Arabia Residential Furniture Market

KSA Furniture Market Analysis

Saudi Arabia Furniture Manufacturers

Saudi Arabia Furniture Market Revenue

Saudi Arabia Furniture Retailers Market

Saudi Arabia Outdoor Furniture Market

Saudi Arabia Office Furniture Market

Office Furniture Market in Riyadh

For Information Click On the Below Mentioned Link:-

Saudi Arabia Furniture Market Analysis

Related Reports by Ken Research:-

Australia Furniture Market Outlook to 2022 – By Residential (Bedroom, Living Room, Kitchen, Home Office Furniture, Dining Room, Storage Furniture and Other Residential Furniture), Hospitality and Commercial Furniture, by Home Furnishing (Indoor, Outdoor and Lighting)

Philippines Furniture Market by Type (Home – Bed Room, Living Room, Dining Room, Kitchen Furniture; Office; Hotel & Industrial), by Sales (Domestic and Export) – Outlook to 2021

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Sales@kenresearch.com

+91-9015378249

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