UAE home furniture
market is anticipated to witness potential growth in the forecast period,
2023-2027. Furniture
is considered as a significant element of home décor. It aids with basic daily
functions such as eating, sitting, and sleeping. It is highly movable product,
has numerous applications, and can be customized to meet the needs of end-users
through machine-based processing or handcrafting. To fulfil the requirements of
the customers, businesses are constantly developing modified and customized
products. Ready-to-assemble (RTA) furniture is gaining traction among
homeowners and renters, owing to the lower costs and compact designs which
propels the market growth. RTA furniture, also known as flat-pack furniture, is
not assembled by the manufacturer and is available in parts, with instructions
on how to assemble it. Continuous technological advancements and product
innovations, mid-size and smaller companies in the country are expanding the
market presence, by securing new contracts and tapping into new markets.
E-commerce is also supporting the market growth and there are many e-commerce
giants such as Amazon, Wayfair, and Home Depot provide a wide range of
furniture products from many key brands as a part of their product portfolio.
Increasing Number of
Sales of Bedroom Furniture is Bolstering the Market Growth
The escalating demand for
multifunctional furniture is projected to stimulate the market growth. The real
estate prices have plummeted significantly which resulted into a considerable
reduction in house sizes. As rooms are getting smaller these days, customers
are increasingly looking for furniture that is compact and easily movable to
enable for efficient use of the available space. To meet such kind of
requirements; the vendor organizations have introduced multifunctional
furniture with storage facilities. Numerous beds that have included additional
storage spaces are gaining more prominence across UAE. The inflating need for
convertible furniture in the country which has functionality beyond traditional
furniture use. All these factors support the market growth.
Growing Consumer Expenditure on
Furniture Products is Fuelling the Market Growth
With the rising number of consumers
shifting their preference towards quality and stylish furniture products on
account of the inflating disposable income levels and better lifestyle
requirements, is significantly propelling the growth of the home furniture
market. Along with this, the expanding domestic furniture sales and
international furniture exports are among the significant growth-inducing
factors. The growing average annual expenditure on furniture per consumer unit
has increased which is reflecting the healthy growth of the market. This, in
turn, is projected to drive the growth of the home furniture market across UAE
in the forecast period.
Enhancing Global Living Standards is
Expected to Boost the Market Growth
The escalating demand for home
furniture, on account of the growing population and the elevating levels of
urbanisation across UAE region is primarily accelerating the growth of the
market. This is leading to the extensive investments in infrastructure
renovation activities and the higher rate of adoption of aesthetic furniture
solutions among consumers are fuelling the growth of the market. Furthermore,
the inflating disposable income levels and enhanced living standards are also
propelling the consumers to invest in household décor enhancement solutions.
All these factors are expected to aid the market growth in the upcoming years.
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Market Segmentation
UAE home furniture market is segmented
into product type, raw material, room type, price range, distribution channel,
regional distribution, and competitive landscape. Based on product type,
the market is segmented into bed, sofa, wardrobe, dining set,
chairs and others (cabinets, standalone tables, etc.)). Based on raw material, the market is
divided into wooden, metallic, plastic and others (bamboo, leather, etc.). Based
on room type, thew market is segmented into living room, bed room, dining room
& others (study room, kitchen, etc.). Based on price range, the market is
bifurcated into luxury and mass. Based on distribution channel, the market is
segmented into furniture outlets, supermarkets/hypermarkets, online, others
(contract/direct sales, etc.). UAE
home furniture market is studied in major regions namely Dubai, Abu Dhabi,
Sharjah, and the rest of UAE.
Market Players
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, are the
significant market players operating in UAE home furniture market.
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Attribute
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Details
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Base Year
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2021
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Historic Data
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2017 –
2020
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Estimated Year
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2022
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Forecast Period
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2023
– 2027
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Quantitative Units
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Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
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Report coverage
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Revenue
forecast, company share, competitive landscape, growth factors, and trends
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Segments covered
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·
Product Type
·
Raw Material
·
Room Type
·
Price Range
·
Distribution Channel
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Regional scope
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Dubai, Abu Dhabi, Sharjah, Rest of UAE
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Key companies profiled
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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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Customization scope
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10%
free report customization with purchase. Addition or alteration to regional
& segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and
Excel through Email (We can also provide the editable version of the report
in PPT/Word format on special request)
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Report Scope:
In this report, UAE home furniture
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
·
UAE Home furniture
Market, By Product Type:
o Bed
o Sofa
o Wardrobe
o Dining Set
o Chairs
o Others
·
UAE Home furniture
Market, By Raw Material:
o Wooden
o Metallic
o Plastic
o Others
·
UAE Home furniture
Market, By Room Type:
o Living Room
o Bed Room
o Dining Room
o Others
·
UAE Home furniture
Market, By Price Range:
o Luxury
o Mass
·
UAE
Home furniture Market, By Distribution Channel:
o Furniture Outlets
o Supermarkets/Hypermarkets
o Online
o Others
·
UAE Home furniture
Market, By Region:
o Dubai
o Abu Dhabi
o Sharjah
o Rest of UAE
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in UAE home furniture market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company
Information
o Detailed analysis and profiling of
additional market players (up to five).
UAE home furniture
market is an upcoming report to be
released soon. If you wish an early delivery of this report or want to confirm
the date of release, please contact us at [email protected]