According to our new report,
“Saudi Arabia Furniture Market Analysis”, Saudi Arabia being the largest country in terms of area and economy in GCC region provides excellent business opportunities in various industries. The country represents one of the fastest growing furniture industries in the Middle-East region. Over the past few years, rapid economic development of the country has resulted in skyrocketing growth in construction and infrastructure industry, which has boosted the furniture demand in the country and attracted the focus of global industry giants.
Our report identifies that, the household furniture market will undergo phenomenal development phase. Various emerging trends in this product category will lead to a CAGR growth of around 9% during 2011-2013. For instance, increasing awareness about environmental protection and more stringent legal requirements are now encouraging manufacturers to produce “green furniture” items by using fabrics that do not give-off toxic fumes in the production process, such as polypropylene.
Moreover, it was observed that the industry is highly import-oriented and domestic production is unable to meet enormous demand. Especially in household customized furniture segment, the foreign companies are ahead of their local counterparts. Most of the large Western brands including Rowe, Blackstone, Henredon, Lane, Stanley, and Bernhardt already exist in Saudi Arabia. However, significant opportunities exist for smaller firms, especially those with quality products targeting the upper-middle and high-end design sector.
Besides, the report analyzes factors critical to the success of the Saudi Arabian furniture industry. It covers information and statistics of furniture industry structure, production trends, demand scenario, and import-export developments. The report also provides segment-wise furniture production and demand forecast to facilitate cutting edge market intelligence.
Further, our comprehensive report also provides a deep insight into the Saudi Arabian furniture industry and evaluates the past, present, and future scenario of the Saudi Arabian furniture market. It discusses current and futuristic trends on Interior Design Contracting and Fit-out Industry spending that are included for retail, office, residential, and hotels sectors which are making Saudi Arabia an attractive destination for furniture industry giants. Besides, our report also entails industry forecast and analysis based on various macro- and micro-economic factors.
