The growing number of replacements of aging infrastructure is projected to accelerate the growth of UAE home furniture market in the forecast period, 2023-2027.
According to TechSci Research report, “UAE Home Furniture Market- By Region, Competition Forecast & Opportunities, 2027”, the UAE home furniture market is expected to witness steady growth in 2023-2027. The home furniture market comprises of the sales of furniture products that are commonly utilized for residential purposes, including bassinets, bookcases, chairs, TV stands, children’s furniture, dining tables, sofas, beds, chairs, etc. The enhancing residential construction market during the study period is driving the market growth. Furniture represents the movable objects that are widely utilized to make a room or building suitable for living or working in. Home furniture includes objects such as sofas, wardrobes, dining sets and beds, which are kept in living room, bedroom, dining room, kitchen, etc. “DIY” is the newest trend in furniture markets across the globe. IKEA pioneered the concept, in which the merchandize is assembled by the customer himself/herself at home. This has now become a process for furniture manufacturers to minimize transportation logistics costs, merchandize storage, and the ongoing problem of physical damage occurring during transit. Latest research & development activities are resulting in numerous innovations that are enhancing the revenue share of organized sector and making India furniture market much more organized.
However, the limited availability of skilled labor to meet fluctuating consumer demand may act as an impeding factor for the growth of the home furniture market across UAE.
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The UAE home furniture market is segmented into product type, consumer group, price, distribution channel, regional distribution, and competitive landscape.
Based on raw material, the market is divided into wooden, metallic, plastic and others (bamboo, leather, etc.). Wooden segment is expected to account the largest share in the market in forecast years, 2023-2027. The elevating levels of urbanization and the inflating disposable income levels has resulted into the surge in demand for wooden home furniture which is driving the market growth.
Based on room type, thew market is segmented into living room, bedroom, dining room & others (study room, kitchen, etc.). Bedroom segment is expected to account the largest share in the market in forecast years, 2023-2027. The expanding population and the influx of expatriates in the United Arab Emirates have escalated the demand for the number of residential spaces across the region. The sales of bedroom furniture expanded in the country, in order to cater to the extending customer base.
Based on price range, the market is bifurcated into luxury and mass. Luxury segment is expected to account the largest share in the market in forecast years, 2023-2027. UAE is an economically strong market, which provides an opportunity to multinational brands to often launch their premium products earlier in this country than many others.
Based on distribution channel, the market is segmented into furniture outlets, supermarkets/hypermarkets, online, others (contract/direct sales, etc.). Furniture outlets is expected to account the largest share in the market in forecast years, 2023-2027. Many consumers today also prefer to visit shops and experience the exact size & other aesthetics related to the products. The entry of an eminent industry participants in developing countries to establish the retail stores are further surging this segment growth.
Leading market players operating in the UAE home furniture market are:
- Pan Emirates Home Furnishings
- AL HUZAIFA FURNITURE (L.L.C)
- Dar Al Décor Furniture L.L.C
- Danube Home
- Inter IKEA Group
- Home Center
- Royal Furniture
- Marina Gulf Trading Co LLC
- Alshaya Group (Pottery Barn)
- Homes r Us Trading L.L.C
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“The expanding hospitality and real estate industry along with the inflating disposable income levels, specifically in urban areas, is promoting the industry growth. In addition to this, leading market players have started to shift their production core to countries such as UAE on account of the inexpensive & skilled work force, which is positively influencing the home furniture market. The elevating development of new residential projects across the globe drives the market growth. With this, the ongoing smart city developments and the significant growth of the construction industry is estimated to create substantial demand for the furniture solutions. Proliferating marketing campaigns with ready to use furniture for commercial as well as residential building accommodation will attract more consumers and better deals, which further accelerates the growth of the market. Infrastructure expansion is the crucial key factor prompting the economy of advanced and emerging countries, such as UAE is anticipated to stimulate the UAE home furniture market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm”.
“UAE Home Furniture Market By Product Type (Bed, Sofa, Wardrobe, Dining Set, Chairs and Others (Cabinets, Standalone Tables, etc.), By Raw Material (Wooden, Metallic, Plastic and Others (Bamboo, Leather, etc.), By Room Type (Living Room, Bed Room, Dining Room & Others (Study Room, Kitchen, etc.), By Price Range (Mass, Premium/Luxury), By Distribution Channel (Furniture Outlets, Supermarkets/Hypermarkets, Online, Others (Contract/Direct Sales, etc.), By Region, Competition Forecast & Opportunities, 2027 has analyzed the future growth potential of UAE home furniture market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and assist decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with significant drivers, challenges, and opportunities in UAE home furniture market.
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