Saudi Arabia Furniture Market Grow with a CAGR of 4.62% through 2030F

The Saudi Arabia Furniture market is driven by rising urbanization, increased disposable income, government housing initiatives, and growing demand for modern, multifunctional, and luxury home furnishings.

According to TechSci Research report, “Saudi Arabia Furniture Market – By Region, Competition, Forecast & Opportunities, 2030F”, the Saudi Arabia Furniture market stood at USD 7.23 Billion in 2024 and is anticipated to grow USD 9.48 Billion by 2030 with a CAGR 4.62% during forecast period. The Saudi Arabia Furniture market is driven by western influence, as international design trends continue to shape consumer preferences. As globalization and cultural exchange increase, Saudi consumers are becoming more exposed to Western interior design styles, which emphasize minimalist, contemporary, and functional furniture. This has led to a surge in demand for modern pieces that incorporate clean lines, neutral colors, and innovative materials. Also, the presence of international furniture brands in the Saudi market caters to this growing interest in Western-style furniture, further boosting market growth. The younger generation, in particular, is embracing these global trends, contributing to a shift in the types of furniture sought, with a strong focus on style, comfort, and design versatility.

The Saudi Arabia Furniture market is primarily driven by large-scale infrastructure and residential projects, especially with the government's Vision 2030 initiative. This plan aims to diversify the economy and reduce reliance on oil by investing in sectors like real estate, construction, and tourism. Major projects such as the NEOM smart city, The Line megastructure, and the Red Sea Project are reshaping urban landscapes and generating significant demand for furniture, both residential and commercial. These developments require the furnishing of new homes, offices, hotels, and public spaces, increasing the need for high-quality, stylish, and durable furniture. Also, the government's housing programs have led to the construction of thousands of new housing units, further boosting the demand for home furnishings.

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The Saudi Arabia Furniture market is segmented into type, raw material, point of sale, and region.

Based on the type, the hospitality & institutional furniture segment is the fastest growing in the Saudi Arabia Furniture market, driven by several key factors. The rapid expansion of the hospitality sector, including hotels, resorts, and restaurants, has significantly increased the demand for specialized furniture that meets the aesthetic and functional needs of these establishments. Also, the government's Vision 2030 initiatives, which focus on diversifying the economy and boosting tourism, have led to numerous infrastructure projects that require substantial investments in commercial and institutional furnishings. The growing emphasis on creating unique and memorable guest experiences has also spurred the demand for customized and high-quality furniture solutions. These developments collectively contribute to the robust growth of the hospitality and institutional furniture segment in the region.

Based on the region, Eastern is the fastest-growing region in the Saudi Arabia Furniture market, driven by several key factors. The region's economic prosperity, largely fueled by the oil and gas industry, has led to increased disposable incomes and a demand for high-quality, luxury furniture. Cities like Dammam and Khobar are witnessing a rise in residential and commercial developments, further boosting the need for diverse furniture solutions. Also, the influx of expatriates has diversified consumer preferences, leading to a demand for a wide range of furniture styles. The government's Vision 2030 initiatives, which aim to diversify the economy and improve infrastructure, have also contributed to the growth of the furniture market in this region. These combined factors position the Eastern region as a significant contributor to the overall expansion of Saudi Arabia's furniture market.

Major companies operating in the Saudi Arabia Furniture market are:

• Arabian Furniture & Design Co
• Almutlaq Furniture
• Inter IKEA Systems B.V.
• Bold Bespoke Design
• Al Jedaie Office Furniture
• Al Wasad Furniture
• Saudi Modern Factory
• Jeraisy Furniture Factory
• Zivella Office Furniture
• Aflak Furniture

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“The Saudi Arabia Furniture market is expected to grow in the future owing to the government policies that encourage local manufacturing and reduce reliance on imports. Initiatives like the "Made in Saudi" program, launched in 2021, aim to promote domestic production and enhance the competitiveness of Saudi-made products both locally and internationally. These policies are supported by the National Industrial Development and Logistics Program (NIDLP), which provides incentives for local manufacturers and aims to increase the non-oil sector's contribution to the GDP. Also, the Saudi Green Building Code encourages sustainable practices in furniture production, further boosting local manufacturing efforts. As a result, local furniture manufacturers are expanding their production capacities and enhancing product quality, leading to a reduction in import dependency and fostering a more self-sufficient and competitive furniture industry in Saudi Arabia, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

Saudi Arabia Furniture Market By Type (Home Furniture, Office Furniture, Hospitality & Institutional Furniture), By Raw Material (Wooden, Metallic, Plastic, Others), By Point of Sale (Online, Offline), By Region, Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of Saudi Arabia Furniture market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Saudi Arabia Furniture market.

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