Saudi Arabia Furniture Market Overview
Market Size in 2024: USD 6.5 Billion
Market Forecast in 2033: USD 11.3 Billion
Market Growth Rate: 6.3% (2025-2033)
According to the latest report by IMARC Group, the furniture market size in Saudi Arabia was valued at USD 6.5 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 11.3 Billion by 2033, exhibiting a CAGR of 6.3% from 2025-2033.
Saudi Arabia Furniture Industry Trends and Drivers:
The Saudi Arabian furniture market is currently witnessing robust growth, driven by several key factors shaping its trajectory. Increasing urbanization and a rising disposable income among the population are playing central roles in fueling demand for high-quality furniture across various segments. As urban centers expand, the need for residential and commercial spaces is growing, which, in turn, is contributing to the rising demand for home, office, and hospitality furniture. Additionally, government housing initiatives are also stimulating the construction of new homes, further boosting the market for furniture. As more consumers are becoming inclined towards modern, aesthetically pleasing, and functional furniture, this trend is contributing to the overall growth of the market.
The growing expatriate population in Saudi Arabia is another significant factor driving demand for diverse furniture options. Expatriates often seek a mix of local and international furniture styles, creating a dynamic market environment. This demographic shift is pushing for a broader range of furniture types, with particular emphasis on contemporary and luxurious designs. Furthermore, the real estate boom, particularly in the residential and hospitality sectors, is increasing the need for large-scale furniture purchases. Hotels, restaurants, and commercial properties are expanding rapidly, thereby creating substantial demand for high-end furniture that meets both functional and aesthetic requirements. These trends are facilitating steady market growth and creating numerous opportunities for manufacturers and distributors alike.
In addition to demographic and real estate-driven factors, the evolving distribution channels are enhancing market accessibility and convenience for consumers. The increasing prominence of e-commerce platforms, combined with the traditional dominance of supermarkets, hypermarkets, and specialty stores, is ensuring wider reach for furniture brands. Online shopping is particularly popular among tech-savvy consumers, allowing them to browse a diverse range of products, compare prices, and make informed purchasing decisions from the comfort of their homes. This shift toward online platforms is significantly impacting purchasing behavior and driving the expansion of the furniture market in Saudi Arabia. With the increasing availability of products through both physical and online stores, the furniture market is poised to continue its growth trajectory, meeting the evolving needs of the Saudi population.
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Saudi Arabia Furniture Industry Segmentation:
The report has segmented the market into the following categories:
Breakup by Material:
- Wood
- Metal
- Plastic and Others
Breakup by Application:
- Home Furniture
- Office Furniture
- Hospitality Furniture
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Online
- Others
Breakup by Region:
- Northern and Central Region
- Western Region
- Eastern Region
- Southern Region
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Saudi Arabia Furniture Market News:
- In March 2024, Al-Futtaim IKEA, the leading Swedish home furnishing retailer in the region, unveiled its innovative "Store of Tomorrow," designed to revolutionize the retail industry by emphasizing play, discovery, and family-focused experiences. Committed to accessibility and affordability, Al-Futtaim IKEA invites customers to enjoy a seamless shopping journey where playfulness meets practicality.
- In June 2023, Thriwe partnered with Al Mutlaq Group to enter Saudi Arabia, targeting $100 million in revenue within three years. The collaboration aims to improve customer experience and loyalty and rewards programs in the region.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Ask analyst for your customized sample: https://www.imarcgroup.com/request?type=report&id=14030&flag=C
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