UAE Home Furniture Market to be Dominated by Furniture Outlets till 2027
The growing number of replacements
of aging infrastructure is projected to accelerate the growth of UAE home
furniture market in the forecast period, 2023-2027.
According to TechSci Research report, “UAE Home Furniture Market- By Region,
Competition Forecast & Opportunities, 2027”, the UAE home furniture market is expected to witness steady
growth in 2023-2027. The home furniture market comprises of
the sales of furniture products that are commonly utilized for residential
purposes, including bassinets, bookcases, chairs, TV stands, children's
furniture, dining tables, sofas, beds, chairs, etc. The enhancing residential
construction market during the study period is driving the market growth.
Furniture represents the movable objects that are widely utilized to make a
room or building suitable for living or working in. Home furniture includes
objects such as sofas, wardrobes, dining sets and beds, which are kept in living
room, bedroom, dining room, kitchen, etc. "DIY" is the newest trend
in furniture markets across the globe. IKEA pioneered the concept, in which the
merchandize is assembled by the customer himself/herself at home. This has now
become a process for furniture manufacturers to minimize transportation
logistics costs, merchandize storage, and the ongoing problem of physical
damage occurring during transit. Latest research & development activities
are resulting in numerous innovations that are enhancing the revenue share of
organized sector and making India furniture market much more organized.
However, the limited availability of
skilled labor to meet fluctuating consumer demand may act as an impeding factor
for the growth of the home furniture market across UAE.
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The UAE home furniture market is
segmented into product type, consumer group, price, distribution channel,
regional distribution, and competitive landscape.
Based on raw material, the market is
divided into wooden, metallic, plastic and others (bamboo, leather, etc.). Wooden
segment is expected to account the largest share in the market in forecast
years, 2023-2027. The elevating levels of urbanization and the inflating
disposable income levels has resulted into the surge in demand for wooden home
furniture which is driving the market growth.
Based on room type, thew market is
segmented into living room, bedroom, dining room & others (study room,
kitchen, etc.). Bedroom segment is expected to account the largest share in the
market in forecast years, 2023-2027. The expanding population and the influx of
expatriates in the United Arab Emirates have escalated the demand for the
number of residential spaces across the region. The sales of bedroom furniture expanded
in the country, in order to cater to the extending customer base.
Based on price range, the market is
bifurcated into luxury and mass. Luxury segment is expected to account the
largest share in the market in forecast years, 2023-2027. UAE is an
economically strong market, which provides an opportunity to multinational
brands to often launch their premium products earlier in this country than many
others.
Based on distribution
channel, the market is segmented into furniture outlets,
supermarkets/hypermarkets, online, others (contract/direct sales, etc.). Furniture outlets is expected to account
the largest share in the market in forecast years, 2023-2027. Many consumers today
also prefer to visit shops and experience the exact size & other aesthetics
related to the products. The entry of an eminent industry participants in
developing countries to establish the retail stores are further surging this
segment growth.
Leading market players operating in the
UAE home furniture market are:
- Pan Emirates Home Furnishings
- AL HUZAIFA FURNITURE (L.L.C)
- Dar Al Décor Furniture L.L.C
- Danube Home
- Inter IKEA Group
- Home Center
- Royal Furniture
- Marina Gulf Trading Co LLC
- Alshaya Group (Pottery Barn)
- Homes r Us Trading L.L.C
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“The expanding hospitality
and real estate industry along with the inflating disposable income levels,
specifically in urban areas, is promoting the industry growth. In addition to
this, leading market players have started to shift their production core to
countries such as UAE on account of the inexpensive & skilled work force,
which is positively influencing the home furniture market. The elevating
development of new residential projects across the globe drives the market
growth. With this, the ongoing smart city developments and the significant
growth of the construction industry is estimated to create substantial demand
for the furniture solutions. Proliferating marketing campaigns with ready to
use furniture for commercial as well as residential building accommodation will
attract more consumers and better deals, which further accelerates the growth
of the market. Infrastructure expansion is the crucial key factor prompting the
economy of advanced and emerging countries, such as UAE is anticipated to stimulate
the
UAE home furniture market growth till 2027” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm”.
“UAE Home Furniture
Market By Product Type (Bed, Sofa, Wardrobe, Dining Set, Chairs and Others
(Cabinets, Standalone Tables, etc.), By Raw Material (Wooden, Metallic, Plastic
and Others (Bamboo, Leather, etc.), By Room Type (Living Room, Bed Room, Dining
Room & Others (Study Room, Kitchen, etc.), By Price Range (Mass,
Premium/Luxury), By Distribution Channel (Furniture Outlets,
Supermarkets/Hypermarkets, Online, Others (Contract/Direct Sales, etc.), By
Region, Competition Forecast & Opportunities, 2027 has analyzed the future growth potential
of UAE home furniture market and provides statistics & information on
market size, structure and future market growth. The report intends to provide cutting-edge
market intelligence and assist decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
significant drivers, challenges, and opportunities in UAE home furniture
market.
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