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) -- 11/13/2014 -- Furniture industry in Saudi Arabia is witnessed a healthy growth due to the development of residential and commercial spaces around the Kingdom. Increasing population, housing affordability along with favorable economic condition in the Kingdom contributes a high value to the development of overall furniture industry. Saudi Arabia construction sector is considered as the largest and fast growing market in the Gulf region. Further increasing government spending towards infrastructural, economical, industrial and educational projects around the Kingdom will attribute huge to the Saudi Arabian furniture market.
Research Analysis & Highlights
The report “Saudi Arabia Furniture Market Outlook 2019”, is an outcome of comprehensive research and unbiased analysis of Saudi Arabia furniture market to present a clear picture of the past and present market trends. Over 75 pages report also evaluates the existing market opportunity in relation with the demand drivers across the Kingdom.
This report has studied the Saudi Arabia furniture market in terms of production and consumption by type such as office furniture and household furniture. Household furniture consumption is further fragmented into bedroom, kitchen and other type of furniture. Export and import analysis of Saudi Arabian furniture market are also covered in the report by furniture type and countries. Besides, both furniture export and import by type of materials are also covered in the report.
To provide a better image of Saudi Arabia furniture market, details of regional 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 analysis 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.
Some of the key findings of the report are:
- Household furniture consumption dominates the overall Saudi Arabia furniture market
- Huge gap between domestic production and consumption led furniture market to depend upon the imported furniture
- Increasing government projects towards development of construction sector drive the furniture demand in the Kingdom
- Economic development with increasing spending towards consumer durable also boosts the furniture demand
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