Saudi Arabia Home Furniture Market Report and Forecast 2024-2032

Saudi Arabia Home Furniture Market Outlook

The Saudi Arabia home furniture market size reached approximately USD 6.32 billion in 2023. The market is further projected to grow at a CAGR of 4.4% between 2024 and 2032, reaching a value of USD 9.30 billion by 2032.

Key Trends in the Market

Home furniture refers to furnishings and products that complement different rooms of the house, enhance the aesthetic appeal of the living spaces, and provide the perfect space for sleeping, sitting, and relaxing. Home furniture includes sofa and couches, chairs, table and desks, and beds, among others and are obtained from materials such as glass, metal, wood, and plastic.

• Increasing renovation and remodelling activities due to rising disposable incomes are aiding the Saudi Arabia home furniture market growth. These activities allow the consumers to tailor and update their surroundings as per their requirements.

• Rising investments towards development of novel designs and patterns along with product innovations are supporting the market expansion in the country. The availability of home furnishings with different colours and styles provides the consumers a larger product pool to choose from in order to select the products most suitable to their personal styles and home décor.

• The growing influence of social media platforms is offering lucrative growth opportunities to the market. Various brand and key market players are collaborating with content creators and influencers across different social media platforms including TikTok, YouTube, and Instagram, among others to expand their consumer base.

Saudi Arabia Home Furniture Market Analysis

On the basis of product, the market is divided into beds, tables and desks, sofa and couch, chairs and stools, and cabinets and shelves, among others. Based on material, the market is classified into metal, wood, plastic, and glass, among others. On the basis of distribution channel, the Saudi Arabia home furniture market segmentation includes home centres, flagship stores, speciality stores, and online, among others.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Steelcase Inc. 

• Saudi Modern Factory Co. 

• Haworth Inc. 

• MillerKnoll 

• Kinnarps AB 

• Tanatel Furniture 

• Matanah Furniture Factory 

• National Furniture Manufacturing Company (Athath) 

• Hooker Furnishings Corp. 

• Natuzzi S.p.A. 

• Others

Market Share by Product

Beds are anticipated to account for a significant Saudi Arabia home furniture market share owing to the increasing awareness about the importance of purchasing the correct bed for improving sleep cycles and wellbeing. Beds aid in creating as comfortable environment for sleep allowing the individuals to receive more REM sleep. Due to rising disposable incomes, consumers in Saudi Arabia are heavily spending upon decorative beds to elevate their bedroom design schemes and décor.

Market Share by Distribution Channel

Online distribution channels are expected to witness significant growth over the forecast period. This growth can be attributed to the various advantages offered by these channels including fast delivery, availability of a wide range of products and brands, hassle free return policies, and online payment options, among others. The presence of customer reviews and detailed product descriptions allows the consumer to make an informed decision and select the product most suitable to their personal requirements. The availability of custom designs and products with different colours is boosting the Saudi Arabia home furniture market demand.

Competitive Landscape

Steelcase Inc., headquartered in Michigan, United States, is one of the leading manufacturers of classroom, hospital, office, and home furniture. The company is dedicated towards uncovering insights leading them to breakthrough designs and innovations.

MillerKnoll is knowing for manufacturing home furnishing and office furniture and equipment. The best-known designs of the company include Noguchi table, Aeron chair, Mirra chair, and Marshmallow sofa, among others. MillerKnoll was founded in 1905 and is headquartered in Michigan, United States.

Kinnarps AB was founded in 1942 and is headquartered in Kinnarp, Sweden. The company is dedicated towards delivering attractive interior solutions that allow the customers to stay organised, motivated, and productive. Kinnarps specialises in desk chairs, home furniture, and healthcare furniture, among others.

Other Saudi Arabia home furniture market key players include Saudi Modern Factory Co., Haworth Inc., Tanatel Furniture, Matanah Furniture Factory, National Furniture Manufacturing Company (Athath), Hooker Furnishings Corp., and Natuzzi S.p.A., among others.

Key Highlights of the Report