Saudi Arabia Furniture Market Analysis and Demand Forecast 2025-2034: Government Initiatives Boost Construction and Furniture Demand - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Saudi Arabia Furniture Market Report and Forecast 2025-2034" has been added to ResearchAndMarkets.com's offering.

The Saudi Arabia furniture market is poised for substantial growth, with its size reaching approximately USD 7.91 Billion in 2024. It is projected to grow at a CAGR of 6.20% from 2025 to 2034, expected to reach around USD 14.44 Billion by 2034. This growth trajectory is fueled by a combination of economic diversification, rising construction activities, and increasing disposable incomes among consumers.

Key Market Trends

The government's strategic push to diversify the economy beyond oil has augmented market growth. The burgeoning construction activities in residential, commercial, and hospitality sectors are anticipated to amplify furniture demand in the forecast period.

The rise in disposable incomes, coupled with a growing middle-class population, spurs market growth. Government efforts to enhance employment opportunities and income levels bolster this trend.

The digital transformation and expansion of the e-commerce sector are reshaping the market. Consumers enjoy a diverse and convenient shopping experience, having access to a wide range of local and international furniture brands.

Market Segmentation

According to the report, the market is segmented as follows:

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
• Specialty Stores
• Online
• Others

Market Insights

Beds are witnessing increased demand due to urbanisation and economic growth, notably enhancing their market share. Simultaneously, glass furniture gains traction for its spatial and aesthetic advantages, illuminating smaller spaces and creating a welcoming atmosphere.

Competitive Landscape

In-depth market analyses based on Porter's five forces model and SWOT analysis highlight key players like Steelcase Inc., Saudi Modern Factory Co., and Haworth Inc. Steelcase Inc. is renowned for its extensive office furniture range designed to enhance work environments. Saudi Modern Factory Co. specialises in steel and wood furniture for various sectors. Haworth Inc. is distinguished by its innovative workspace designs integrating ergonomic and sustainable principles.

Other notable competitors include MillerKnoll, Kinnarps AB, Tanatel Furniture, Matanah Furniture Factory, National Furniture Manufacturing Company (Athath), Aflak Group, and Natuzzi S.p.A.

For more information about this report visit https://www.researchandmarkets.com/r/ip6oec

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.