Home Furniture Market - UAE
Market Statistics
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Size in 2023: USD 2.1 Billion
Market Size in 2032: USD 3.1 Billion
Market Growth Rate (CAGR) 2024-2032: 4.10%
According to IMARC Group's report titled "UAE Home Furniture Market Report and Forecast 2024-2032," the market reached USD 2.1 billion in 2023. Looking forward, IMARC Group expects the market to reach USD 3.1 billion by 2032, exhibiting a growth rate (CAGR) of 4.10% during 2024-2032.
Download sample copy of the Report: https://www.imarcgroup.com/uae-home-furniture-market/requestsample
UAE Home Furniture Market Trends and Drivers:
- Urbanization and Population Growth: The market is driven by rapid urbanization, a growing population, and the real estate sector's expansion.
- Residential Project Growth: Increased demand for home furnishings, particularly in cities like Dubai and Abu Dhabi, due to new residential developments.
- Rising Disposable Incomes: Higher incomes and an influx of expatriates are boosting demand for modern, stylish, and functional furniture.
- Government Initiatives: Affordable housing projects are contributing to market growth by creating new sales opportunities.
- E-commerce Expansion: The rise of online shopping platforms has improved accessibility, offering consumers a broad range of home furniture options.
- Sustainability: Growing preference for eco-friendly products made from recycled materials or sustainably sourced wood.
- Minimalist and Multifunctional Designs: Space-saving designs are becoming popular, especially in urban areas with smaller living spaces.
- Customization: Consumers are increasingly seeking personalized furniture that reflects their individual tastes and lifestyles.
- Smart Furniture: Furniture equipped with technology for enhanced comfort and convenience is on the rise.
UAE Home Furniture Industry Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest UAE home furniture market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.
Product Type Insights:
- Bed
- Sofa
- Wardrobe
- Dining Set
- Chairs
- Others
Raw Material Insights:
- Wooden
- Metal
- Plastic
- Others
Room Type Insights:
- Living Room
- Bedroom
- Dining Room
- Others
Price Range Insights:
- Luxury
- Mass
Distribution Channel Insights:
- Furniture Outlets
- Supermarkets/Hypermarkets
- Online
- Others
Regional Insights:
- Dubai
- Abu Dhabi
- Sharjah
- Others
Request for customization: https://www.imarcgroup.com/request?type=report&id=24526&flag=C
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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