The furniture market in the UAE and Saudi Arabia is surging at a robust rate owing to the factors such as increasing emergence of international hospitality brand in the region, rise in the demand for wooden products due to surging number of online market player and escalating investment in the high-quality furniture and furnishing products due to changing lifestyle of people. Besides these, introduction of standalone store by the market player, soaring customer inclination toward custom-made furniture and significant rise in the number of real estate developments due to booming tourism sector are the factors promising lucrative growth of the market in the forecast period.

Key questions answered in the study:
1. What are the current and future trends of the Furniture industry?
2. How the industry has been evolving in terms of end-user demand and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Furniture industry?
5. What is the customer orientation, purchase behavior, and expectations from the Furniture firms across various regions?

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According to MarkNtel Advisors’ research report “UAE and Saudi Arabia Furniture Market Analysis, 2021”, the UAE and Saudi Arabia Furniture market is anticipated to grow at a CAGR of around 8.4% during 2021-26F. Based on Furniture and Furnishing, Organized Sector acquired the significant market share in 2019. The furniture market of UAE and Saudi Arabia is highly fragmented, thus organized retailer is facing substantial competition from the unorganized retailer. Organized sector comprises of showrooms such as exclusive stores or franchise and destination stores. The demand for furniture from exclusive showrooms is witnessing robust growth due to increasing brand awareness and surging demand for high quality and designer products among customer.

“UAE and Saudi Arabia Furniture Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Furniture providers across the Region. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

Wooden dominated the market
Based on Material, Wooden dominated the UAE and Saudi Arabia Furniture market in 2019 and is projected to maintain its dominance during the forecast period. The demand for wood furniture is high in Saudi Arabia. The people preference furniture as these are sturdy, have long durability. However, the cost of the wood is high compared with other material. Besides this, the demand for wood furniture is generally high in hotels, residential areas, and industrial sectors. Moreover, increasing inclination of towards high-quality furniture to show class and standard is anticipated to accentuate the growth of Furniture Market in the forthcoming period as stated in MarkNtel Advisors’ research report “UAE and Saudi Arabia Furniture Market Analysis, 2021”.

According to MarkNtel Advisors’, the key players with a considerable market share in the UAE and Saudi Arabia Furniture market are IKEA, Home Centre, PAN Emirates, Royal Furniture, Danube, Marina Home, Homes R Us, IDdesign, Pottery Barn, Home Box and Natuzzi. Major online furniture stores include Ebarza, The People of Sand, MarMarLand, The Bowery Company, Wysada, Al Jedaie, AL Rugaib Furniture, Saudi Modern Factory Company, AL Aamer Furniture, Almutlaq Furniture, Wardeh Salehiya, HABITAT FURNITURE CO. LTD., Midas Furniture, Gautier Jeddah, BoConcept and Souq.com etc.

Market Segmentation:
1. By Material (Plastic, Wood, Metal)
2. By Furniture and Furnishing (Organized Sector, Unorganized Sector)
3. By Product Categories (Living Room, Bed Room, Dining Room, Home Office Furniture, Kitchen Furniture, Storage Furniture, Other)
4. By End-User (Residential Furniture, Commercial Furniture, Retail Furniture)
5. By Distribution Channel (Home Centers, Flagship Stores, Specialty Stores, Online Stores, Other)
6. By Company (IKEA, Home Centre, PAN Emirates, Royal Furniture, Danube, Marina Home, Homes R Us, IDdesign, Pottery Barn, Home Box and Natuzzi. Major online furniture stores include Ebarza, The People of Sand, MarMarLand, The Bowery Company, Wysada, Al Jedaie, AL Rugaib Furniture, Saudi Modern Factory Company, AL Aamer Furniture, Almutlaq Furniture, Wardeh Salehiya, HABITAT FURNITURE CO. LTD., Midas Furniture, Gautier Jeddah, BoConcept and Souq.com etc.)