UAE Furniture fittings Market to Grow Due to Technological Advancement until 2026
Rapidly
expanding furniture demands is driving the growth of UAE Furniture Fittings
Market, in the forecast period, 2022-2026.
According to TechSci report on, “UAE
Furniture Fittings Market By
Product Type (Cabinet Handles, Cabinet Knobs, Profile Handles, Hinges, Latches,
Others) By Material Type (Zinc Alloy, Aluminum Alloy, Iron, Plastic, Stainless
Steel, Other) By Application (Tables, Chairs, Beds, Desks, Dressers, Cupboards,
Others) By Distribution Channel (Furniture Specialty Store, Other Hardware
Stores, Online, Others) By Region, Competition Forecast & Opportunities,
2026”, UAE
furniture fittings market
has shown promising growth in historical years until 2019 and is expected to
continue its growth in upcoming forecast years 2021 to 2026. UAE furniture
fittings market owes its growth to the factors like rising demand of decorative
furniture among the consumers. Rapidly increasing commercial complexes and
residential infrastructure is further aiding the growth of the market in the
subsequent years. Moreover, rapidly increasing number of the market players in
the country is also supporting growth of the UAE furniture fittings market in
the upcoming five years. Additionally, rapidly growing urbanization,
globalization and consumer inclination toward aesthetically pleasing furniture
fittings is driving the growth of the UAE furniture fittings market in the next
five years until 2026.
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Market"
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The UAE
furniture fittings market is segmented as product type, material type,
application, distribution channel, competitional landscape, and regional
distribution. Based on material type, the market is further segmented into zinc
alloy, aluminum alloy, iron, plastic, stainless steel, and other. Stainless
steel material is the most widely accepted construction material for the
furniture. The material is sturdy, rust proof, and provides prolonged life for
the hinges, latches and knobs. Thus, stainless steel material is anticipated to
hold the largest revenue shares of the market segment and assert its dominance
over the market segment. Plastic is anticipated to register the fastest growing
CAGR on the account of technological advancements employed in making the
plastic as a sturdy and designer décor and support the growth of the market in
the subsequent five years.
Based on product
type, the market is further bifurcated into cabinet handles, cabinet knobs,
profile handles, hinges, latches, and others. Cabinet handles are anticipated
to register fastest growing CAGR of the market and assert its dominance over
the market on the account of rapidly increasing demand of the designer and
sturdy cabinets and the aesthetically pleasing outlooks. The product is
anticipated to draw consumer attention toward the cabinets and the availability
of the abundant products in the market is further aiding the growth of the
market in the next five years. Hinges and latches are expected to hold the
largest revenue shares of the market and assert its dominance over the market
segment on the account of rapidly increasing infrastructure in the country. The
concept of privacy and security is also aiding to the growth of the market in
the next five years. Cabinet knobs are anticipated to register significant
growth in the next five years due to surging demand of cabinets with modern
knobs.
A partial list
of market player in the UAE furniture fittings market includes Ectratech
Trading LLC, Haroon Company, Al Jamoom Hardware Trading LLC, Hafele, Inox
Hardware Trading LLC, Economic Trading LLC, Ultimate Hardware Solutions LLC,
Napoli Hardware Trading LLC, Mansur Brothers LLC, IKEA Dubai Festival City,
Home Centre UAE, La Decor L.L.C, Danube Home Abu Dhabi, Khomosi Traders Dubai,
AL MANBAR Hardware Trading, among others. These market players hold larger
shares of the market than the new market players. With the evolving technology,
it is appropriate to say that the effective research and development of the
technologically advanced instruments and methods to satisfy consumer demands
would support the market growth and benefit the market players as well as the
consumers. New market players may focus on the research and development to
provide such products and services that satisfies the consumer demand as well
as benefits the market players in building their brand value. Other competitive
strategies include mergers & acquisitions and new product developments.
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“Research and technological advancement for the best available product
manufacturing is going to be golden rules for the growing and expanding
furniture fitting market in UAE. The consumers do not shy away from expensive
products, in fact the consumer taste is quite exquisite and lavish in terms of
home décor. The number of aesthetically pleasing furniture and furniture
fittings is rapidly growing and this surge in the demand is expected to support
the growth of the market in the upcoming five years. New market players are
advised to study the market thoroughly. The product demand is ever evolving
therefore they must invest in the advanced material for the construction of the
furniture fittings that is aesthetically pleasing as well as sturdy enough to
withstand pressure any kind and satisfy the consumer demands,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“UAE
Furniture Fittings Market By Product Type (Cabinet Handles, Cabinet Knobs,
Profile Handles, Hinges, Latches, Others) By Material Type (Zinc Alloy,
Aluminum Alloy, Iron, Plastic, Stainless Steel, Other) By Application (Tables,
Chairs, Beds, Desks, Dressers, Cupboards, Others) By Distribution Channel
(Furniture Specialty Store, Other Hardware Stores, Online, Others) By Region,
Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of UAE furniture
fittings market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in UAE furniture fittings market.
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