IMARC Group, a leading market research company, has recently releases report titled “GCC Furniture Market Report by Material (Metal, Wood, Plastic, Glass, and Others), Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Stores, and Others), End Use (Residential, Commercial), and Country 2024-2032”. The study provides a detailed analysis of the industry, including the GCC furniture market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the GCC Furniture Market?
The GCC furniture market size is expected to exhibit a growth rate (CAGR) of 7.29% during 2024-2032.
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GCC Furniture Market Growth:
The GCC furniture market is experiencing significant growth, driven by various factors, such as the rising urban development, the increasing disposable income levels, and the expanding real estate sector. In addition to this, the rising investments by government bodies in the construction of residential, commercial, and hospitality properties are also positively influencing the furniture market across the country. Furthermore, the growing trend of interior decoration and the escalating demand for modern and luxurious living spaces among the affluent population in the GCC are further acting as significant growth-inducing factors.
GCC Furniture Market Report Segmentation:
The report is organized into distinct sections as follows:
By Material:
Metal
Wood
Plastic
Glass
Others
By material, the market is segmented into metal, wood, plastic, glass, and others.
By Distribution Channel:
Supermarkets and Hypermarkets
Specialty stores
Online stores
Others
By distribution channel, the market is divided into supermarkets and hypermarkets, specialty stores, online stores, and others.
By End Use:
Residential
Commercial
By end use, the market is segmented into residential and commercial.
By Country:
Saudi Arabia
UAE
Qatar
Bahrain
Kuwait
Oman
Country wise, the market has been segmented into Saudi Arabia, the UAE, Qatar, Oman, Kuwait, and Bahrain.
GCC Furniture Market Trends:
The emerging trends in the GCC furniture market include the elevating need for sustainable and eco-friendly furniture, owing to the increasing consumer environmental concerns. Apart from this, the increasing integration of advanced technologies in the manufacturing processes of furniture, coupled with the growing demand for smart homes, is also propelling the growth of the market. Besides this, the development of numerous product variants in a wide array of designs and the rising number of e-commerce platforms, as they seek convenience and various options to choose from, are acting as significant growth-inducing factors. These drivers and trends, coupled with the evolving consumer preferences, are anticipated to drive the growth of the GCC furniture market in the coming years.
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Other Key Points Covered in the Report:
· COVID-19 Impact
· Porters Five Forces Analysis
· Value Chain Analysis
· Strategic Recommendations
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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