UAE Home Furniture Markets, Competition, Forecast & Opportunities, 2027: Ready-to-assemble (RTA) Furniture is Gaining Traction Among Homeowners and Renters,
DUBLIN, April 4, 2023 /PRNewswire/ -- The "UAE Home Furniture Market, By Product Type (Bed, Sofa, Wardrobe, Dining Set, Chairs and Others (Cabinets, Standalone Tables, etc.), By Raw Material, By Room Type, By Price Range, By Distribution Channel, By Region, Competition Forecast & Opportunities, 2027" report has been added to ResearchAndMarkets.com's offering.
UAE home furniture market is anticipated to witness potential growth in the forecast period, 2023-2027.
Furniture is considered a significant element of home decor. It aids with basic daily functions such as eating, sitting, and sleeping. It is a highly movable product, has numerous applications, and can be customized to meet the needs of end-users through machine-based processing or handcrafting. To fulfill the requirements of the customers, businesses are constantly developing modified and customized products.
Ready-to-assemble (RTA) furniture is gaining traction among homeowners and renters, owing to the lower costs and compact designs which propel the market growth. RTA furniture, also known as flat-pack furniture, is not assembled by the manufacturer and is available in parts, with instructions on how to assemble it.
With continuous technological advancements and product innovations, mid-size and smaller companies in the country are expanding their market presence, by securing new contracts and tapping into new markets. E-commerce is also supporting market growth and many e-commerce giants such as Amazon, Wayfair, and Home Depot provide a wide range of furniture products from many key brands as a part of their product portfolio.
Increasing Number of Sales of Bedroom Furniture is Bolstering the Market Growth
The escalating demand for multifunctional furniture is projected to stimulate market growth. Real estate prices have plummeted significantly which resulted in a considerable reduction in house sizes.
As rooms are getting smaller these days, customers are increasingly looking for furniture that is compact and easily movable to enable efficient use of the available space. To meet such kind of requirements; vendor organizations have introduced multifunctional furniture with storage facilities.
Numerous beds that have included additional storage spaces are gaining more prominence across UAE. The inflating need for convertible furniture in the country has functionality beyond traditional furniture use. All these factors support the market growth.
Growing Consumer Expenditure on Furniture Products is Fueling the Market Growth
The rising number of consumers shifting their preference towards quality and stylish furniture products on account of the inflating disposable income levels and better lifestyle requirements is significantly propelling the growth of the home furniture market.
Along with this, the expanding domestic furniture sales and international furniture exports are among the significant growth-inducing factors. The growing average annual expenditure on furniture per consumer unit has increased which is reflecting the healthy growth of the market. This, in turn, is projected to drive the growth of the home furniture market across the UAE in the forecast period.
Enhancing Global Living Standards is Expected to Boost the Market Growth
The escalating demand for home furniture, on account of the growing population and the elevating levels of urbanization across the UAE region, is primarily accelerating the growth of the market.
This is leading to extensive investments in infrastructure renovation activities and the higher rate of adoption of aesthetic furniture solutions among consumers is fueling the growth of the market.
Furthermore, the inflating disposable income levels and enhanced living standards are also propelling consumers to invest in household decor enhancement solutions. All these factors are expected to aid the market growth in the upcoming years.
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in UAE home furniture market.
- Pan Emirates Home Furnishings
- AL HUZAIFA FURNITURE (L.L.C)
- Dar Al Decor 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
Report Scope:
UAE Home Furniture Market, By Product Type:
- Bed
- Sofa
- Wardrobe
- Dining Set
- Chairs
- Others
UAE Home Furniture Market, By Raw Material:
- Wooden
- Metallic
- Plastic
- Others
UAE Home Furniture Market, By Room Type:
- Living Room
- Bed Room
- Dining Room
- Others
UAE Home Furniture Market, By Price Range:
- Luxury
- Mass
UAE Home Furniture Market, By Distribution Channel:
- Furniture Outlets
- Supermarkets/Hypermarkets
- Online
- Others
UAE Home Furniture Market, By Region:
- Dubai
- Abu Dhabi
- Sharjah
- Rest of UAE
For more information about this report visit https://www.researchandmarkets.com/r/pi54mi
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