Surging demand for the aesthetically pleasing office furniture is driving the growth of Saudi Arabia Office furniture Market, in the forecast period, 2022-2026.
According to TechSci report on, “Saudi Arabia Office Furniture Market By Product Type (Chairs, Desks, Filing Cabinets & Lockers, Others (Workstations, Conference Tables, etc.) By Raw Material (Wood, Metal, Plastic, Others (Bamboo, Cane, etc.)) By Price Range (Mass, Premium/ Luxury) By Supply (Domestic, Imported) By Distribution Channel (Exclusive Showrooms, Supermarkets/Hypermarkets, Online, Others (Furniture Retail Outlets, Traditional stores, etc.) By Region, Competition Forecast & Opportunities, 2026”, Saudi Arabia office furniture market has shown promising growth in historical years until 2019 and is expected to continue its growth in upcoming forecast years 2021 to 2026. Saudi Arabia office furniture market owes its growth to the factors like rapidly increasing demands for the advanced furniture for the office complexes. The infrastructure dedicated to the office complexes and commercial sectors is multiplying rapidly and supporting the growth of the market in the upcoming five years. Moreover, urban infrastructure development, industrialization and increased demand for the aesthetic furniture promoting modern office furniture is further driving the growth of the Saudi Arabia office furniture market in the next five years. Additionally, growing demand from the non-residential sectors and government’s favorable policies are further expected to support the growth of the Saudi Arabia office furniture market in the future five years of forecast. Also, rising disposable income among the population and commercial sectors is influencing the growth of the Saudi Arabia office furnitures market in the forecast period, until 2026.
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The Saudi Arabia office furniture market is segmented by product type, raw material, price range, supply, distribution channel, competitional landscape, and regional distribution. Based on raw material, the market is further segmented into wood, metal, plastic, others (bamboo, cane, etc.). Wood is anticipated to hold the largest revenue shares of the market and dominate the market segment on the account of age old traditions of having wooden furniture. Technological advancement like engineered wood usage for the manufacturing of prolonged life furniture and sophisticated pieces that are aesthetically pleasing for the population.
Based on supply, the market is further bifurcated into domestic, and imported. Domestic supply for the office furniture is anticipated to register maximum revenue shares of the market and dominate the market on the account of rising number of market players in the country. Moreover, the demand for the office furniture has multiplied in the recent years owing to the increasing number of office complexes in the country thereby supporting the growth of the market in the upcoming five years.
Based on product type, the market is further bifurcated into chairs, desks, filing cabinets & lockers, others (workstations, conference tables, etc.). Chairs and desks are anticipated to hold the larger revenue shares of the market and dominate the market segment on the account of rising demand for office furniture as well as rapidly increasing office infrastructure.
A partial list of market player in the Saudi Arabia office furnitures market includes Midas International General Trading Company, Saudi Modern Factory Co., Al Sharq Furniture Est, Habitat Furniture Co Limited, Riyadh Furniture Industries Company (RFI), Saudi Arabia, Gautier Furniture, AL Rugaib Furniture, Advanced Office systems Factory Ltd Co, Jedaie Office Furniture, Wardeh Salehiya Est., El-Ajou Group, Home Center (Retail World Limited), IKEA – Saudi Arabia, Al Abdulkader Furniture Co. Ltd., Arabian Furniture and Design Company (Hermann Miller), among others. These market players hold larger shares of the market than the new market players. With the evolving technology, it is appropriate to say that the effective research and development of the technologically advanced instruments and methods to satisfy consumer demands would support the market growth and benefit the market players as well as the consumers. New market players may focus on the research and development to provide such products and services that satisfies the consumer demand as well as benefits the market players in building their brand value. Other competitive strategies include mergers & acquisitions and new product developments.
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“Growing e-commerce is supporting the predicted growth of the Saudi Arabia office furnitures market in the next five years. Due to the recent pandemic situation, the e-commerce sector has expanded more. Consumers are loving the idea of sitting at home and shopping all sorts of products in retail at their fingertips. New market players may focus on the research and development of the better raw material for the furniture manufacturing. Technological advancements are going to support their brand establishment and expand the market in future five years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Saudi Arabia Office Furniture Market By Product Type (Chairs, Desks, Filing Cabinets & Lockers, Others (Workstations, Conference Tables, etc.) By Raw Material (Wood, Metal, Plastic, Others (Bamboo, Cane, etc.)) By Price Range (Mass, Premium/ Luxury) By Supply (Domestic, Imported) By Distribution Channel (Exclusive Showrooms, Supermarkets/Hypermarkets, Online, Others (Furniture Retail Outlets, Traditional stores, etc.) By Region, Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of Saudi Arabia office 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 Saudi Arabia office furnitures market.
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