UAE and Saudi Arabia Furniture Market Analysis, 2021 research report depicts a deep dive market analysis of statistics of UAE and Saudi Arabia Furniture market which consists of regional and country-wise market size, forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.
According to MarkNtel Advisors’ research report “UAE and Saudi Arabia Furniture Market Analysis, 2021”, the UAE and Saudi Arabia Furniture market are anticipated to grow at a CAGR of around 8.4% during 2021-2026F. The growth of the market is accredited to a significant rise in the increase in nuclear families, a rise in ex-pat population increasing demand for residential apartments and a paradigm inclination toward luxury and high-quality furniture due to growing discretionary income. Besides this, surging initiative by the government to boost tourism, escalating inclination of customer toward the online purchase and rapid urbanization are the factors promulgating the growth of the market.
Online Store Registers Fastest Growth
Based on End-user, the Online store segment is projected to grow at the fastest rate in the UAE and Saudi Arabia Furniture market in 2020. The increase in internet penetration has emergence the number of various online market players that cater for the target audience. The upsurged in the use of various social media is the platform is also among the major factor influencing the growth of the channel. Moreover, the launch of online store and the upsurge in online retail activities are the factors placing a lucrative opportunity for the growth of the Furniture market in the near future as revealed by the MarkNtel Advisors’ research report “UAE and Saudi Arabia Furniture Market Analysis, 2021”.
According to MarkNtel Advisors’, the key players with a considerable market share in the UAE and Saudi Arabia Furniture market include IKEA, Home Centre, PAN Emirates, Royal Furniture, Danube, Marina Home, Homes R Us, IDdesign, Pottery Barn, Home Box and Natuzzi. Major online furniture stores include Ebarza, The People of Sand, MarMarLand, The Bowery Company, Wysada, Al Jedaie, AL Rugaib Furniture, Saudi Modern Factory Company, AL Aamer Furniture, Almutlaq Furniture, Wardeh Salehiya, HABITAT FURNITURE CO. LTD., Midas Furniture, Gautier Jeddah, BoConcept and Souq.com etc.
Key Questions Answered in the Market Research Report:
1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of UAE and Saudi Arabia Furniture Market?
2. What is the region-wise industry size, growth drivers and challenges key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations in the UAE and Saudi Arabia Furniture Market?
4. Who are the key competitors or market players and how they perform in UAE and Saudi Arabia Furniture Market based on competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the course of UAE and Saudi Arabia Furniture Market study?