Saudi Arabia Office Furniture Market to Grow Due to Technological Advancement until 2026
Surging demand for the
aesthetically pleasing office furniture is driving the growth of Saudi Arabia Office
furniture Market, in the forecast period, 2022-2026.
According to TechSci report on, “Saudi Arabia Office Furniture Market By Product Type (Chairs,
Desks, Filing Cabinets & Lockers, Others (Workstations, Conference Tables,
etc.) By Raw Material (Wood, Metal, Plastic, Others (Bamboo, Cane, etc.)) By
Price Range (Mass, Premium/ Luxury) By Supply (Domestic, Imported) By
Distribution Channel (Exclusive Showrooms, Supermarkets/Hypermarkets, Online,
Others (Furniture Retail Outlets, Traditional stores, etc.) By Region, Competition
Forecast & Opportunities, 2026”, Saudi
Arabia office furniture market
has shown promising growth in historical years until 2019 and is expected to
continue its growth in upcoming forecast years 2021 to 2026. Saudi Arabia office
furniture market owes its growth to the factors like rapidly increasing demands
for the advanced furniture for the office complexes. The infrastructure
dedicated to the office complexes and commercial sectors is multiplying rapidly
and supporting the growth of the market in the upcoming five years. Moreover,
urban infrastructure development, industrialization and increased demand for
the aesthetic furniture promoting modern office furniture is further driving
the growth of the Saudi Arabia office furniture market in the next five years.
Additionally, growing demand from the non-residential sectors and government’s
favorable policies are further expected to support the growth of the Saudi
Arabia office furniture market in the future five years of forecast. Also,
rising disposable income among the population and commercial sectors is
influencing the growth of the Saudi Arabia office furniture market in the
forecast period, until 2026.
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The Saudi Arabia
office furniture market is segmented by product type, raw material, price
range, supply, distribution channel, competitional landscape, and regional
distribution. Based on raw material, the market is further segmented into wood,
metal, plastic, others (bamboo, cane, etc.). Wood is anticipated to hold the
largest revenue shares of the market and dominate the market segment on the
account of age old traditions of having wooden furniture. Technological
advancement like engineered wood usage for the manufacturing of prolonged life
furniture and sophisticated pieces that are aesthetically pleasing for the
population.
Based on supply,
the market is further bifurcated into domestic, and imported. Domestic supply
for the office furniture is anticipated to register maximum revenue shares of
the market and dominate the market on the account of rising number of market
players in the country. Moreover, the demand for the office furniture has
multiplied in the recent years owing to the increasing number of office
complexes in the country thereby supporting the growth of the market in the
upcoming five years.
Based on product
type, the market is further bifurcated into chairs, desks, filing cabinets
& lockers, others (workstations, conference tables, etc.). Chairs and desks
are anticipated to hold the larger revenue shares of the market and dominate
the market segment on the account of rising demand for office furniture as well
as rapidly increasing office infrastructure.
A partial list
of market player in the Saudi Arabia office furniture market includes Midas
International General Trading Company, Saudi Modern Factory Co., Al Sharq
Furniture Est, Habitat Furniture Co Limited, Riyadh Furniture Industries
Company (RFI), Saudi Arabia, Gautier Furniture, AL Rugaib Furniture, Advanced
Office systems Factory Ltd Co, Jedaie Office Furniture, Wardeh Salehiya Est.,
El-Ajou Group, Home Center (Retail World Limited), IKEA - Saudi Arabia, Al
Abdulkader Furniture Co. Ltd., Arabian Furniture and Design Company (Hermann
Miller), 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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“Growing e-commerce is supporting the predicted growth of the Saudi
Arabia office furniture market in the next five years. Due to the recent
pandemic situation, the e-commerce sector has expanded more. Consumers are
loving the idea of sitting at home and shopping all sorts of products in retail
at their fingertips. New market players may focus on the research and
development of the better raw material for the furniture manufacturing.
Technological advancements are going to support their brand establishment and
expand the market in future five years,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Saudi Arabia Office
Furniture Market By Product Type (Chairs, Desks, Filing Cabinets & Lockers,
Others (Workstations, Conference Tables, etc.) By Raw Material (Wood, Metal,
Plastic, Others (Bamboo, Cane, etc.)) By Price Range (Mass, Premium/ Luxury) By
Supply (Domestic, Imported) By Distribution Channel (Exclusive Showrooms,
Supermarkets/Hypermarkets, Online, Others (Furniture Retail Outlets, Traditional
stores, etc.) By Region, Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of Saudi
Arabia office furniture 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 Saudi Arabia office
furniture market.
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