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Saudi Arabia Furniture Market Size, Analysis, Forecast: By Product: Beds, Tables and Desks, Sofa and Couch, Chairs and Stools, Cabinets and Shelves, Others; By Material: Metal, Wood, Plastic, Glass, Others; By End Use: Residential, Commercial; By Distribution Channel: Home Centers, Flagship Stores, Others; Competitive Landscape; 2024-2032
Saudi Arabia Furniture Market Outlook
The Saudi Arabia furniture market size reached approximately USD 7.91 billion in 2023. The market is projected to grow at a CAGR of 6.2% between 2024 and 2032, reaching a value of around USD 13.59 billion by 2032.
Key Trends in the Market
Furniture is a home décor and utility object manufactured to support various human activities. It can include a wide range of products used in living spaces, offices, and other environments. Furniture plays a crucial role in enhancing the functionality, comfort, and aesthetics of a space. Additionally, styles can vary from traditional to modern, and there are also options for custom-made or bespoke furniture to suit specific tastes and needs.
- The Saudi Arabia furniture market growth is enhanced by the rising focus of the government on diversifying economic dependency beyond oil. With the rising construction activities in the residential, commercial, and hospitality sectors, the demand for furniture items is likely to surge during the forecast period.
- Owing to the consistent rise in disposable incomes of consumers, the Saudi Arabia furniture market demand is expected to go through significant development in the coming years. This is particularly attributed to the flourishing middle-class population and concerted efforts by the government to enhance employment opportunities and income levels.
- The ongoing global digital transformation is impacting various sectors in Saudi Arabia. The rapid expansion of the e-commerce sector is one of the major Saudi Arabia furniture market trends. It has provided consumers with a convenient and diverse shopping experience, giving access to a wide range of furniture products, including both local and international brands.
Market Analysis
Based on product, the market is segmented into beds, tables and desks, sofa and couch, chairs and stools, and cabinets and shelves, among others. The Saudi Arabia furniture market segmentation, based on material, includes metal, wood, plastic, and glass, among others.
The market, based on end use, is divided into residential and commercial. The market categorisation, based on distribution channel, includes home centres, flagship stores, speciality stores, and online, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Saudi Arabia furniture market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Steelcase Inc.
- Saudi Modern Factory Co.
- Haworth Inc.
- MillerKnoll
- Kinnarps AB
- Tanatel Furniture
- Matanah Furniture Factory
- National Furniture Manufacturing Company (Athath)
- Aflak Group
- Natuzzi S.p.A.
- Others
Market Share by Product
Beds are experiencing a surge in demand owing to the increasing urbanisation and economic development, making a significant contribution to the Saudi Arabia furniture market share. Economic growth and favourable government initiatives have led to an increase in disposable income for many Saudis. This allows individuals and families to invest in higher-quality furniture, including beds.
Market Share by Material
According to the Saudi Arabia furniture market analysis, glass furniture is gaining significant popularity as it creates a sense of space and openness, making it particularly attractive in smaller living spaces. The transparency of glass allows light to pass through, giving the illusion of a more spacious room. In addition, glass is capable of reflecting light, which can brighten up a room and create a lively ambience.
Competitive Landscape
Steelcase Inc. is a renowned worldwide corporation that specialises in crafting office furniture, designing interior spaces, and providing solutions for optimising work environments. Established in 1912 and based in Michigan, the USA, the company stands as one of the leading and highly recognised manufacturers of office furniture on a global scale. Its extensive product line encompasses a diverse array of office furnishings, ranging from desks, chairs, and filing cabinets to workstations, all meticulously designed to elevate both the practicality and visual appeal of workplaces.
Saudi Modern Factory Co. is one of the prominent steel and wood furniture manufacturing companies in Saudi Arabia. It was founded in the year 1965 and manufactures and provides furniture solutions for the healthcare, education, and commercial sectors. Its furniture solutions can be divided into different sections such as residential furniture, commercial furniture, cable tray management, and hotel furniture, among others.
Haworth Inc. is a global company specialising in the design and manufacture of office furniture, workspace environments, and related services. Established in 1948, Haworth is headquartered in Michigan, the United States of America. The company is recognised for its innovative approach to workplace design, often incorporating ergonomic and sustainable principles into its products.
Other Saudi Arabia furniture market players include MillerKnoll, Kinnarps AB, Tanatel Furniture, Matanah Furniture Factory, National Furniture Manufacturing Company (Athath), Aflak Group, and Natuzzi S.p.A., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Material |
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| Breakup by End Use |
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| Breakup by Distribution Channel |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Furniture Market Overview
8.1 Key Industry Highlights
8.2 Global Furniture Historical Market (2018-2023)
8.3 Global Furniture Market Forecast (2024-2032)
8.4 Global Furniture Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Saudi Arabia Furniture Market Overview
9.1 Key Industry Highlights
9.2 Saudi Arabia Furniture Historical Market (2018-2023)
9.3 Saudi Arabia Furniture Market Forecast (2024-2032)
10 Saudi Arabia Furniture Market by Product
10.1 Beds
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Tables and Desks
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Sofa and Couch
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Chairs and Stools
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Cabinets and Shelves
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 Saudi Arabia Furniture Market by Material
11.1 Metal
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Wood
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Plastic
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Glass
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Saudi Arabia Furniture Market by End Use
12.1 Residential
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Commercial
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Saudi Arabia Furniture Market by Distribution Channel
13.1 Home Centers
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Flagship Stores
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Speciality Stores
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Online
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code - 9403)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Steelcase Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Saudi Modern Factory Co.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Haworth Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 MillerKnoll
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Kinnarps AB
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Tanatel Furniture
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Matanah Furniture Factory
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 National Furniture Manufacturing Company (Athath)
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Aflak Group
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Natuzzi S.p.A.
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Furniture Market: Key Industry Highlights, 2018 and 2032
2. Saudi Arabia Furniture Market: Key Industry Highlights, 2018 and 2032
3. Saudi Arabia Furniture Historical Market: Breakup by Product (USD Billion), 2018-2023
4. Saudi Arabia Furniture Market Forecast: Breakup by Product (USD Billion), 2024-2032
5. Saudi Arabia Furniture Historical Market: Breakup by Material (USD Billion), 2018-2023
6. Saudi Arabia Furniture Market Forecast: Breakup by Material (USD Billion), 2024-2032
7. Saudi Arabia Furniture Historical Market: Breakup by End Use (USD Billion), 2018-2023
8. Saudi Arabia Furniture Market Forecast: Breakup by End Use (USD Billion), 2024-2032
9. Saudi Arabia Furniture Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
10. Saudi Arabia Furniture Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
11. Major Importing Countries by Volume
12. Major Exporting Countries by Volume
13. Major Importing Countries by Value
14. Major Exporting Countries by Value
15. Saudi Arabia Furniture Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 7.91 billion.
The market is projected to grow at a CAGR of 6.2% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 13.59 billion by 2032.
The market is driven by the increasing focus on economic diversification and the rising urbanisation in the country.
The growing disposable income among the middle-class population and the rapid expansion of the e-commerce sector are the key trends aiding the market growth.
The various materials used in furniture are metal, wood, plastic, and glass, among others.
The different products considered in the market report include beds, tables and desks, sofa and couch, chairs and stools, and cabinets and shelves, among others.
The key players in the market include Steelcase Inc., Saudi Modern Factory Co., Haworth Inc., MillerKnoll, Kinnarps AB, Tanatel Furniture, Matanah Furniture Factory, National Furniture Manufacturing Company (Athath), Aflak Group, and Natuzzi S.p.A., among others.
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