Furniture Market - UAE
Market Statistics
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 4.10% (2024-2032)
The UAE furniture market is growing due to rising disposable incomes, urbanization, and increasing demand for stylish, high-quality furnishings. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 4.10% from 2024 to 2032.
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UAE Furniture Market Trends and Drivers:
Expanding Real Estate Sector:
Growth driven by the expanding real estate sector and increasing demand for stylish, high-quality furnishings.
Urbanization and New Projects:
Continuous demand for standard and bespoke furniture due to ongoing urbanization and development of residential, commercial, and hospitality projects.
Expatriate Influx and Rising Middle Class:
More people, including expatriates and the rising middle class, seek contemporary designs reflecting global trends.
E-commerce Growth:
Rise of e-commerce platforms makes it easier for consumers to explore and purchase a wide range of furniture, driving sales.
Multifunctional and Space-saving Furniture:
Increasing trend towards multifunctional and space-saving furniture, particularly in urban areas where maximizing living space is crucial.
Sustainability and Eco-friendly Materials:
Growing focus on sustainability and preference for furniture made from sustainable sources like reclaimed wood and recycled materials.
Adoption of Greener Practices:
Manufacturers and retailers are adopting greener practices and offering products that cater to environmentally conscious consumers.
Smart Home Technology Integration:
Increasing integration of smart home technology in furniture, including automated lighting and smart storage solutions, expected to drive market growth.
UAE Furniture Industry Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest UAE furniture market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.
Product Insights:
Living Room Furniture
Dining Room Furniture
Bedroom Furniture
Kitchen Furniture
Office Furniture
Educational Furniture
Others
Material Insights:
Metal
Wood
Plastic
Glass
Others
End Use Insights:
Residential
Commercial
Hospitality
Healthcare
Others
Regional Insights:
Dubai
Abu Dhabi
Sharjah
Others
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Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
Market Performance (2018-2023)
Market Outlook (2024-2032)
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.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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