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Saudi Arabia Home Furniture Market Size, Share, 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 Distribution Channel: Home Centres, Flagship Stores, Speciality Stores, Online, Others; Competitive Landscape; 2024-2032
Saudi Arabia Home Furniture Market Outlook
The Saudi Arabia home furniture market size reached approximately USD 6.32 billion in 2023. The market is further projected to grow at a CAGR of 4.4% between 2024 and 2032, reaching a value of USD 9.30 billion by 2032.
Key Trends in the Market
Home furniture refers to furnishings and products that complement different rooms of the house, enhance the aesthetic appeal of the living spaces, and provide the perfect space for sleeping, sitting, and relaxing. Home furniture includes sofa and couches, chairs, table and desks, and beds, among others and are obtained from materials such as glass, metal, wood, and plastic.
- Increasing renovation and remodelling activities due to rising disposable incomes are aiding the Saudi Arabia home furniture market growth. These activities allow the consumers to tailor and update their surroundings as per their requirements.
- Rising investments towards development of novel designs and patterns along with product innovations are supporting the market expansion in the country. The availability of home furnishings with different colours and styles provides the consumers a larger product pool to choose from in order to select the products most suitable to their personal styles and home décor.
- The growing influence of social media platforms is offering lucrative growth opportunities to the market. Various brand and key market players are collaborating with content creators and influencers across different social media platforms including TikTok, YouTube, and Instagram, among others to expand their consumer base.
Saudi Arabia Home Furniture Market Analysis
On the basis of product, the market is divided into beds, tables and desks, sofa and couch, chairs and stools, and cabinets and shelves, among others. Based on material, the market is classified into metal, wood, plastic, and glass, among others. On the basis of distribution channel, the Saudi Arabia home furniture market segmentation 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 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)
- Hooker Furnishings Corp.
- Natuzzi S.p.A.
- Others
Market Share by Product
Beds are anticipated to account for a significant Saudi Arabia home furniture market share owing to the increasing awareness about the importance of purchasing the correct bed for improving sleep cycles and wellbeing. Beds aid in creating as comfortable environment for sleep allowing the individuals to receive more REM sleep. Due to rising disposable incomes, consumers in Saudi Arabia are heavily spending upon decorative beds to elevate their bedroom design schemes and décor.
Market Share by Distribution Channel
Online distribution channels are expected to witness significant growth over the forecast period. This growth can be attributed to the various advantages offered by these channels including fast delivery, availability of a wide range of products and brands, hassle free return policies, and online payment options, among others. The presence of customer reviews and detailed product descriptions allows the consumer to make an informed decision and select the product most suitable to their personal requirements. The availability of custom designs and products with different colours is boosting the Saudi Arabia home furniture market demand.
Competitive Landscape
Steelcase Inc., headquartered in Michigan, United States, is one of the leading manufacturers of classroom, hospital, office, and home furniture. The company is dedicated towards uncovering insights leading them to breakthrough designs and innovations.
MillerKnoll is knowing for manufacturing home furnishing and office furniture and equipment. The best-known designs of the company include Noguchi table, Aeron chair, Mirra chair, and Marshmallow sofa, among others. MillerKnoll was founded in 1905 and is headquartered in Michigan, United States.
Kinnarps AB was founded in 1942 and is headquartered in Kinnarp, Sweden. The company is dedicated towards delivering attractive interior solutions that allow the customers to stay organised, motivated, and productive. Kinnarps specialises in desk chairs, home furniture, and healthcare furniture, among others.
Other Saudi Arabia home furniture market key players include Saudi Modern Factory Co., Haworth Inc., Tanatel Furniture, Matanah Furniture Factory, National Furniture Manufacturing Company (Athath), Hooker Furnishings Corp., 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:
|
| Breakup by Product |
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| Breakup by Material |
|
| Breakup by Distribution Channel |
|
| 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 Home Furniture Market Overview
8.1 Key Industry Highlights
8.2 Global Home Furniture Historical Market (2018-2023)
8.3 Global Home Furniture Market Forecast (2024-2032)
8.4 Global Home 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 Home Furniture Market Overview
9.1 Key Industry Highlights
9.2 Saudi Arabia Home Furniture Historical Market (2018-2023)
9.3 Saudi Arabia Home Furniture Market Forecast (2024-2032)
10 Saudi Arabia Home 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 Home 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 Home Furniture Market by Distribution Channel
12.1 Home Centres
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Flagship Stores
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Speciality Stores
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Online
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Trade Data Analysis (HS Code - 9403)
14.1 Major Importing Countries
14.1.1 By Volume
14.1.2 By Value
14.2 Major Exporting Countries
14.2.1 By Volume
14.2.2 By Value
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Steelcase Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Saudi Modern Factory Co.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Haworth Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 MillerKnoll
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Kinnarps AB
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Tanatel Furniture
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Matanah Furniture Factory
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 National Furniture Manufacturing Company (Athath)
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Hooker Furnishings Corp.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Natuzzi S.p.A.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Home Furniture Market: Key Industry Highlights, 2018 and 2032
2. Saudi Arabia Home Furniture Market: Key Industry Highlights, 2018 and 2032
3. Saudi Arabia Home Furniture Historical Market: Breakup by Product (USD Billion), 2018-2023
4. Saudi Arabia Home Furniture Market Forecast: Breakup by Product (USD Billion), 2024-2032
5. Saudi Arabia Home Furniture Historical Market: Breakup by Material (USD Billion), 2018-2023
6. Saudi Arabia Home Furniture Market Forecast: Breakup by Material (USD Billion), 2024-2032
7. Saudi Arabia Home Furniture Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
8. Saudi Arabia Home Furniture Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
9. Major Importing Countries by Volume
10. Major Exporting Countries by Volume
11. Major Importing Countries by Value
12. Major Exporting Countries by Value
13. Saudi Arabia Home Furniture Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 6.32 billion in 2023.
The market is projected to grow at a CAGR of 4.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 9.30 billion by 2032.
The major market drivers include increased product availability across different distribution channels and expansion of the real estate sector in the region.
The key trends fuelling the growth of the market include rising influence of social media platforms including YouTube and TikTok and rising availability of products with novel designs and patterns.
The major distribution channels in the market are home centres, flagship stores, speciality stores, and online, among others.
The significant products include beds, tables and desks, sofa and couch, chairs and stools, and cabinets and shelves, among others.
The key players in the market are Steelcase Inc., Saudi Modern Factory Co., Haworth Inc., MillerKnoll, Kinnarps AB, Tanatel Furniture, Matanah Furniture Factory, National Furniture Manufacturing Company (Athath), Hooker Furnishings Corp., and Natuzzi S.p.A., among others.
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