Saudi Arabia office
furniture market is anticipated to project a robust growth in the forecast period,
2021-2026 with a significant CAGR of 7.42% on account of increasing disposable
income, continuous change in consumer tastes and preferences, etc. Increasing
innovation in existing luxury product offerings, rapid urbanization and
technological advancements are also driving the growth of the Saudi Arabia
office furniture market in the upcoming five years.
Office furniture refers to
adjustable objects intended to support various office activities such as
seating, eating, working, etc. Employees working in the office should be
provided with comfortable and convenient furniture so that they can work
efficiently. The most popular office furniture includes workstations, chairs,
tables, cabinets, desks, lockers, etc. In recent years, the Saudi Arabia office
furniture market has grown at a rapid pace. However, the market grew at a
slower rate in 2019 compared to 2018, owing to a drop in GDP and a decrease in
demand for office furniture from the commercial sector.
The COVID-19 pandemic
caused a further drop in 2020, however the market is expected to grow strongly
during the forecast period due to an increasing working population and changing
dynamics of the country's work culture. The growing demand for comfortable and
convenient office furniture products is one of the main factors driving the
Saudi Arabia office furniture market.
Other factors that contribute to the growth of this market
include the advancement of e-commerce/online platforms and customized office
furniture services. Furthermore, the growing number of offices provides
enormous growth opportunities for manufacturers by meeting the country's demand
for office furniture. Moreover, the growing urban class population base, as
well as strong brand awareness, are increasing the demand for high-quality
office furniture across the country.
During the lockdown phase in 2020, the Saudi Arabia government temporarily
halted all types of activities, including manufacturing. Due to the
restrictions affecting commercial activities, people were forced to stay at
home. As a result, both demand and supply related to office furniture decreased
significantly during the lockdown. Furthermore, offices were closed, so the
majority of people worked from home. This factor has also contributed to a
decrease in the sales of office furniture in Saudi Arabia. The COVID-19
pandemic has had a significant impact on transportation, logistics, and
shipping around the world, including Saudi Arabia, resulting in a significant
drop in international trade. Due to the outbreak of COVID-19, manufacturers
ceased production in Saudi Arabia, and imports from many countries were also
prohibited during the lockdown, resulting in the disruption of trade facilities
and the import/export of raw materials in the country.
Growing Demand for Adjustable Desks Drives
Demand for adjustable desks,
particularly in offices is driving the office furniture market in Saudi Arabia.
Office demand is shifting away from traditional desks and toward adjustable
desks, which provide several advantages to users. Some of these benefits
include the fact that they help to maintain a comfortable screen angle and
provide adjustable height, that they can be used with chairs that prevent neck
strain while reading or using a laptop, and so on. These adjustable desks were
extremely popular, especially during the COVID-19 pandemic.
Construction of IT Parks and Commercial
Zones is Fueling the Market Growth
Saudi Arabia has seen a massive increase
in construction over the last two decades. The rising number of corporate
offices and the construction of information technology parks in the region are
both contributing significantly to the growth of this market in Saudi Arabia
and are expected to continue to do so during the forecast period.
People in Saudi Arabia are encouraged to
settle in cities due to increased employment opportunities. This growing urban
population, along with a younger generation inspired by comfort and convenience
is also contributing to the growth of the country's office furniture market.
Additionally, rising office penetration, as well as significant investments in
office furniture in Saudi Arabia are some of the other factors expected to
drive the demand for office furniture over the next five years.
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The Saudi Arabia office furniture market
is segmented based on product type, raw material, price range, distribution
channel, region, and competitional landscape. Based on product type, the market
is further fragmented into chairs, desks, filing cabinets & lockers, others
(workstations, conference tables, sofas, etc.). On the basis of raw material, the
market is fragmented into wooden, metallic, plastic, others (bamboo, cane,
etc.). Also, segmentation of the market on grounds of price range is done into mass
and premium/luxury. Based on distribution channel, the market is segmented into
contract/direct sales, furniture retail outlets, and online. The market
analysis also studies the regional segmentation to devise regional market
segmentation, divided among western, northern & central, eastern, southern.
The Saudi Modern Factory Co., Jeraisy
Group Company, Al Sharq Al Masiya Trading Company, Haworth, Inc., Riyadh
Furniture Industries Co., (RFI), International Furniture Company, National
Furniture Mfg. Co. Ltd. (Athath), Aljohozyah Altamah Factory Co. (PRONTO),
Al-Makateb Co. Ltd., HNI International, Herman Miller, Inc., Okamura Corporation, Wefal
International Est, etc. are among the major market players in the Saudi Arabia
platform that lead the market growth of the Saudi Arabia office furniture market.
Value in 2020
USD 683.44 Million
Forecast in 2026
USD 1066.95 Million
2016 – 2020
2022 – 2026
Revenue in USD Million and
CAGR for 2016-2020 and 2021-2026
forecast, company share, competitive landscape, growth factors, and trends
- Product Type
- Raw Material
- Price Range
- Distribution Channel
Northern & Central, Eastern, Southern
Modern Factory Co., Jeraisy Group Company, Al Sharq Al Masiya Trading
Company, Haworth, Inc., Riyadh Furniture Industries Co., (RFI), International
Furniture Company, National Furniture Mfg. Co. Ltd. (Athath), Aljohozyah
Altamah Factory Co. (PRONTO), Al-Makateb Co. Ltd., HNI International, Herman
Miller, Inc., Okamura Corporation, Wefal International Est, etc.
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In this report, Saudi Arabia office
furniture market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
- Saudi Arabia Office Furniture Market, By Product Type:
- Filing Cabinets & Lockers
- Saudi Arabia Office
Furniture Market, By Raw Material:
- Saudi Arabia Office Furniture Market, By Price Range:
- Saudi Arabia Office Furniture Market, By Distribution Channel:
- Saudi Arabia Office Furniture Market, By Region:
analysis of the major companies present in Saudi Arabia office furniture market.
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customization options are available for the report:
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