UAE Home Furniture and Furnishing Market Size, Share & Trends, Top Key Players, Future Outlook, Competitive Landscape and Forecast to 2032: SPER Market Research
According to SPER Market Research, the UAE Home Furniture and Furnishing Market is projected that the UAE furniture market will rise at a strong CAGR. The country is anticipated to see an increase in the ex-pat community as a result of the rise in nuclear families and increasing demand for residential flats due to the stability of oil prices in the near future. The development of significant projects like Caesars Palace, Fairmont, and other initiatives may make it easier for the country’s tourism industry to grow. The region’s furniture industry is at a mature stage, notwithstanding recent negative effects from a real estate sector crisis and a decline in oil prices. Residents in the UAE region have been seen to spend more on home renovations, such as furniture, kitchens, bathrooms, and flooring, as well as making investments in higher-quality materials.
Consumer perceptions of the price of home solutions and improvement projects have changed as a result of Covid-19’s global effects. Our homes need to be upgraded and enhanced because they are now the center of our life. With Covid-19, individuals also realized how crucial it was to use resources as efficiently as possible. In this report, The Strategy Boutique looks at the state of the furniture market in the UAE as well as some new trends. The online furniture sector is booming as more people use the internet to make expensive purchases like furniture.
UAE Home Furniture and Furnishing Market Overview:
- Forecast CAGR (2022-2032): 4.39%.
- Forecast Market Size (2032): 5.89 billion.
Impact of COVID-19 on the UAE Home Furniture and Furnishing Market:
Consumer perceptions of the price of home solutions and improvement projects have changed as a result of Covid-19’s global effects. Our homes need to be upgraded and enhanced because they are now the centre of our life. With Covid-19, individuals also realised how crucial it was to use resources as efficiently as possible. In this report, The Strategy Boutique looks at the state of the furniture market in the UAE as well as some new trends. The online furniture sector is booming as more people use the internet to make expensive purchases like furniture. According to the study, businesses are best positioned to grow in sectors with a strong omni-channel presence, a focus on the customer, innovative products, specialised supply chains, and technological know-how. Customers are more conscious of the aesthetic value of their home decor. People’s knowledge of fashion trends in relation to home furniture has increased as a result of rules that allow for work from home, video conferences, and quarantines. To meet these demands, the number and variety of home textile solutions has rapidly increased. The market of today offers everything, from expensive fast fashion to luxury labels.
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UAE Home Furniture and Furnishing Market Key Segments Covered:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By Market Structure:
- Organized Sector
- Unorganized Sector
By Style of Furniture:
- Contemporary
- Modern
- Traditional
By Material:
- Metal Furniture
- Wood Furniture
- Plastic and Other Furniture
By Distribution Channel:
- Flagship Stores
- Home Centres
- Online Stores
- Specialty Stores
- Other Distribution Channels
By Region:
- Abu Dhabi
- Dubai
- Sharjah
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography.
UAE Home Furniture and Furnishing Market Size Key Players:
The UAE Home Furniture and Furnishing Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Danube, Ebarza, Home Box, Home Centre, Homes R Us, IDdesign, IKEA, Marina Home, MarMarLand, Natuzzi, PAN Emirates, Pottery Barn, Royal Furniture, The Bowery Company, The People of Sand, Wysada.
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UAE Home Furniture and Furnishing Market Size,
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