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Saudi Arabia Furniture Market Forecast 2022

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  • 70 Pages
  • February 2020
  • Region: Saudi Arabia
  • RNCOS E-Services Private Limited
  • ID: 4991722

The Saudi Arabia furniture industry has become one of the most vibrant and fastest-growing industries in the GCC region. The growing number of real estate development and increasing demand for residential property along with the governmental initiatives to develop socio-economic infrastructure is driving the whole furniture industry in the Kingdom. The rising interest and investment of foreign players either to increase their presence or to expand in different emirates is further boosting the KSA furniture industry. Thus, it is anticipated that the demand in the furniture industry of the Kingdom will grow at a CAGR of around 11% during 2018-2024.

This latest report titled “Saudi Arabia Furniture Market Forecast 2022” studied the Saudi furniture industry in detail to establish a logical understanding of consumer behaviour, pulling the overall furniture industry. This research is an outcome of extensive primary & secondary research, where industry trends are being identified. For the study, the publisher has analyzed industry expert insights from key players and main exporters in order to build an understanding on the macro and micro level of the overall KSA furniture industry and to explore the opportunity in the prevailing market.

The report includes a comprehensive analysis of the Saudi furniture industry, as it covers an in-depth analysis of the production and consumption scenario in the country. Further to evaluate the existing business opportunities, the consumption scenario is segmented into commercial and household furniture. As household furniture with more share of Bedroom furniture accounts for the maximum share in the Saudi furniture industry, the publisher has further bifurcated this segment into the bedroom, kitchen and other, in order to understand the trend in the industry and to forecast its every segment till 2022.

Moreover, all the current trends & drivers of the Saudi furniture industry have been evaluated in the report. Accordingly, it has been observed that Saudi Arabia mainly imports its furniture requirement, as its domestic production is not able to fulfil the country’s increasing demand for the goods both in the household and commercial sectors. In this connection, both the import and export data of the furniture industry in the country have been incorporated in the report. Detailed regional market analysis and the market’s regulatory analysis, along with the wood product industry’s framework are also covered. Furniture products have a close association with the construction sector, in particular, the commercial and household segments. Therefore, the report also gives better coverage of the Kingdom’s construction sector through a detailed analysis of the interior design, contracting and fit-out segments associated with the real estate industry.

The report further highlights the competitive landscape of the Saudi Arabia Furniture Market, describing the business, product portfolio, financials, and recent developments of the key industry players. It also provides important information for clients interested in venturing into the industry and facilitates them to formulate strategies while going for an investment in the Saudi furniture market.

Table of Contents

1. Analyst View2. Research Methodology
3. Industry Trends and Drivers
3.1 Foreign Players Focusing on the Saudi Arabia Furniture Industry
3.2 Growing Infrastructure Development Boosting the Market
3.3 Growing Domestic Spending Accelerating the Market
3.4 Development of New Economic Cities Thriving the growth of Furniture Industry
4. Furniture Industry Outlook to 2022
4.1 Industry Overview
4.2 Production
4.3 Consumption
4.3.1 Commercial Furniture
4.3.2 Household Furniture Bedroom Furniture Kitchen Furniture Others Furniture
4.4 Imports
4.4.1 By Countries
4.4.2 By Type
4.5 Exports
4.5.1 By Countries
5. Regional Market Analysis6. Wood Product Industry Framework
7. Interior Design Contracting and Fit-out Industry
7.1 Hotels
7.2 Offices
7.3 Retail
7.4 Residential
8. Regulatory Analysis9. Consumer Behavior Analysis
10. Key Players
10.1 Al-Abdulkader Furniture Co. Ltd.
10.2 Almutlaq Furniture
10.3 Riyadh Furniture Industries Co.
10.4 Al Jedaie Fabrics and Furniture Co
10.5 Saudi Modern Factory
10.6 Al-Aamer Furniture
10.7 Wardeh Salehiya
10.8 Al Rugaib
10.9 Al Jedaie
10.10 Casa D’ Argento
List of Tables
Table 3-1: Major Residential & Commercial Projects Due for Completion after 2016 by Project Value (Million US$)
Table 3-2: Overview of New Economic Cities
List of Figures
Figure 3-1: Population Aged 15-64 (Million), 2014-2022
Figure 3-2: Per Head Disposable Income (US$), 2014-2022
Figure 4-1: Furniture Production (Million US$), 2015-2022
Figure 4-2: Furniture Consumption (Million US$), 2015-2022
Figure 4-3: Commercial Furniture Consumption (Million US$), 2015-2022
Figure 4-4: Household Furniture Consumption (Million US$), 2015-2022
Figure 4-5: Bedroom Furniture Consumption (Million US$), 2015-2022
Figure 4-6: Kitchen Furniture Consumption (Million US$), 2015-2022
Figure 4-7: Other Types of Furniture Consumption (Million US$), 2015-2022
Figure 4-8: Furniture Imports (Million US$), 2013-2016
Figure 4-9: Furniture Imports by Country (%), 2016
Figure 4-10: Furniture Imports by Type (%), 2016
Figure 4-11: Furniture Imports by Material (%), 2016
Figure 4-12: Furniture Exports (Million US$), 2013-2016
Figure 4-13: Furniture Exports by Country (%), 2016
Figure 4-14: Furniture Exports by Type (%), 2016
Figure 4-15: Furniture Exports by Material (%), 2016
Figure 5-1: Furniture Manufacturers by Region (%)
Figure 6-1: Number of Operating Industrial Units and Employees in Wood Product Industry (2008-2011 & 2013-2015)
Figure 6-2: Total Finance of Wood Product Industry (Million SAR), 2008-2011 & 2013-2015
Figure 6-3: Number of Operating Industrial Units and Employees in Furniture Product Industry (2008-2011 & 2013-2015)
Figure 6-4: Total Finance of Furniture Product Industry (Billion SAR), 2008-2011 & 2013-2015
Figure 7-1: Hotels Spending on IDC and Fit-outs (Million US$), 2013-2016
Figure 7-2: Offices Spending on IDC and Fit-outs (Million US$), 2013-2016
Figure 7-3: Retail Sector Spending on IDC and Fit-outs (Million US$), 2012-2016
Figure 7-4: Residential Spending on IDC and Fit-outs (Million US$), 2012-2016



Companies Mentioned

  • Al Jedaie
  • Al Jedaie Fabrics and Furniture Co
  • Al Rugaib
  • Al-Aamer Furniture
  • Al-Abdulkader Furniture Co. Ltd.
  • Almutlaq Furniture
  • Casa D’ Argento
  • Riyadh Furniture Industries Co.
  • Saudi Modern Factory
  • Wardeh Salehiya