Development of Residential Spaces Thrive Furniture Demand in Saudi Arabia

Furniture consumption in Saudi Arabia is projected to grow at a CAGR of 10% during 2015-2019, says RNCOS in its latest research report.


Noida, UP -- (SBWIRE) -- 12/08/2014 -- Saudi Arabia furniture market is expected to experience a healthy growth driven mainly by demand created from the increasing population and improve economic conditions. The increasing population in the Kingdom emerged a fundamental factor for the growth of housing industry. Further, Saudi Arabia housing sector experiences a promising growth due to rapid urbanization and increasing personal disposable income. Hence, development of housing industry drives the overall furniture market in the Kingdom. Besides, increasing young population along with high spending capabilities also creates a numerous family accommodations and affordable houses in the Saudi Arabia, by making furniture market a lucrative one.

According to our latest report "Saudi Arabia Furniture Market Outlook 2019", Saudi Arabia government focus more on the development of infrastructure, education, hospitality and industrial sector across the Kingdom. Huge amounts of government spending are made towards these segments to retain the growth and meet the demand created from the increasing population. It is anticipated that, Saudi Arabia furniture consumption is projected to grow at a CAGR of 10% during 2015-2019.

The report provides a comprehensive analysis and unbiased view of the Saudi Arabia furniture market in terms of production and consumption by type such as commercial furniture and household furniture. Household furniture consumption in the Kingdom further fragmented into bedroom, kitchen and other type of furniture. Saudi Arabia furniture export and import are also covered in the report by furniture type and countries. Besides, both furniture export and import by type of materials are also included in the report.

To provide a better image of Saudi Arabia furniture market, details regional furniture market analysis along with the wood product industry frame work are also covered in the report. Besides, to give a better coverage about the Kingdom's construction sector, a detail analysis of interior design, contracting and fit out industry is also included in the report.

Further, regulatory and consumer behavior analysis in terms of furniture to Saudi customer are also described in the report. Details analysis of Saudi Arabia furniture major players is also included in the report along with the business description, which can help a better understanding of the Saudi Arabia furniture market.

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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.