Rising Demand of Saudi Arabia Furniture Products, a Key Catalyst for Growth of the Saudi Arabia Economy: Ken Research

Furniture Industry in Saudi Arabia is an import driven market with supplies from major companies such as China, Italy, US and South Asian Countries.

Saudi Arabia is one of the principal markets in Middle East region. An increase in demand is exhibited with respect to new demand of residential houses. With increasing personal disposable income in hand, a rise in demand has also been witnessed by individuals for new furniture for existing homes. With changing times, the utility derived out of furniture has also taken a radical shift. Consumers tend to prefer furniture products which enhance the social appeal of their house along with products which are multi utility and save on space.

Internet Penetration is rising giving way for demand for online furniture. Role of media has also played a pivotal role in increasing the demand for furniture products. Consumers tend to get new innovative ideas on redecoration of houses from various TV programs and magazines which particulars cater to home furnishings. E Commerce has played an important role in advertising and promotion of furniture products across the country.

Office Furniture Sector in Saudi Arabia has witnessed growth at swift pace. A considerable effort has been put forward in this regard as the government is trying to reduce their dependence on oil exports and would like to promote growth of other sectors as well.

The report on The Saudi Arabia Furniture Industry by Ken Research titled “The KSA Furniture Market by End Users (Home, Office, Hotels and Industrial), By Product Categories (Bedroom – Bed, Wardrobe, Dressing Table; Living Room – Sofa, Sofa cum Bed, Television Sets, Coffee Table and Center Table; Dining Room; Kitchen), Children Furniture and Online Furniture Market – Outlook to 2022” suggests a double digit growth in the furniture sector for manufacturers, retailers as well as online players. Specialized players in hotel furniture such as Styl group and other entity will continue to underscore growth in future and penetrate further in the category.

Key Topics Covered in the Report