Increasing Government Spending to Boost Saudi Arabia Furniture Market

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) -- 12/23/2014 -- Saudi Arabia furniture market is expected to experience a strong growth driven mainly by the government spending towards construction sector around the Kingdom. Saudi Arabia has initiated a large-scale development in its infrastructure, economical, industrial and educational projects to revamp the facilities and services provided to the kingdom's residents. Besides, increasing population pushes Saudi government to invest a huge amount towards affordable housing accommodations. This will make Saudi Arabia furniture market an attractive one in coming years.

According to our latest report "Saudi Arabia Furniture Market Outlook 2019", rapid urbanization along with increasing purchasing power create a numerous family accommodations in the Kingdom. Besides, Saudi government is giving top priority to housing & incorporated housing in its successive development plans and has ranked the provision of healthy, socially and economically feasible houses. This will further enhance Kingdom's furniture market. 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.

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

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.