Market Reports on Saudi Arabia Provides the Trending Market Research Report on “Saudi Arabia Furniture Market By Type , By Raw Material, By Point of Sale, By Region, Competition Forecast & Opportunities, 2018-2028” under Consumer Goods Market Research Reports category. The Furniture Market in Saudi Arabia is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports. Saudi Arabia Furniture Market Research Report 2018-2028

The Saudi Arabia Furniture market was valued at USD6.40 billion in 2022 and is projected to register a CAGR of 8.46% through 2028 and is anticipated to project robust growth in the forecast period. The Saudi Arabia Furniture market is growing at a robust rate owing to rapid changes in purchasing patterns, a growing construction industry, and a rising preference for customized furniture. Furthermore, the rising home ownership and growing demand for smart as well as luxury furniture are significantly contributing to the Saudi Arabia Furniture market growth.

Saudi Arabia Furniture Market Scope : Furniture is referred to as moving items that are used to create a space appropriate for living or working. Sofa sets, tables, chairs, desktops, bunk beds, workstations, wardrobes, etc., are all examples of furniture. Different types of furniture, including home, office, institutional, and hospitality furniture, are included in the Saudi Arabia furniture market. Further, the market has been divided based on raw materials used, such as wood, metallic, plastic, and others (bamboo, cane, etc.). Based on the point of sale, the market is divided into offline and online.

Saudi Arabia Furniture Market Overview : The foreign home interior platforms are growing their services in the entire country, which is also a component in the market's ongoing growth. For example, the Indian omnichannel home interior platform Livspace expanded its services to the Middle East in 2021, beginning with Saudi Arabia, where it had established a joint venture with the Alsulaiman Group. (ASG). Additionally, the company announced USD 25 million investment in the joint venture ASG, which serves as the nation's operating partner for the Swedish furniture store Ikea.

The expanding hospitality industry is also a significant component in the expansion of Saudi Arabia furniture market growth. The country's furniture market has been impacted by the country's expanding tourism sector. Saudi Arabia saw a surprising +121% growth in foreign tourism in July 2022 compared to July 2019, according to the United Nations World Travel Organization (UNWTO) Barometer. Moreover, the nation's furniture sales have increased because of the fast expansion of hotel development projects. This element is anticipated to have a positive impact on the growth of the furniture market.