Surging demand for the aesthetically pleasing office furniture is driving the growth of Saudi Arabia Officefurniture Market, in the forecast period, 2022-2026.
According to TechSci report on, “Saudi Arabia Office Furniture Market By Product Type (Chairs,Desks, Filing Cabinets & Lockers, Others (Workstations, Conference Tables,etc.) By Raw Material (Wood, Metal, Plastic, Others (Bamboo, Cane, etc.)) ByPrice Range (Mass, Premium/ Luxury) By Supply (Domestic, Imported) ByDistribution Channel (Exclusive Showrooms, Supermarkets/Hypermarkets, Online,Others (Furniture Retail Outlets, Traditional stores, etc.) By Region,Competition Forecast & Opportunities, 2026”, SaudiArabia office furniture markethas shown promising growth in historical years until 2019 and is expected tocontinue its growth in upcoming forecast years 2021 to 2026. Saudi Arabia officefurniture market owes its growth to the factors like rapidly increasing demandsfor the advanced furniture for the office complexes. The infrastructurededicated to the office complexes and commercial sectors is multiplying rapidlyand supporting the growth of the market in the upcoming five years. Moreover,urban infrastructure development, industrialization and increased demand forthe aesthetic furniture promoting modern office furniture is further drivingthe growth of the Saudi Arabia office furniture market in the next five years.Additionally, growing demand from the non-residential sectors and government’sfavorable policies are further expected to support the growth of the SaudiArabia office furniture market in the future five years of forecast. Also,rising disposable income among the population and commercial sectors isinfluencing the growth of the Saudi Arabia office furniture market in theforecast period, until 2026.
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The Saudi Arabiaoffice furniture market is segmented by product type, raw material, pricerange, supply, distribution channel, competitional landscape, and regionaldistribution. Based on raw material, the market is further segmented into wood,metal, plastic, others (bamboo, cane, etc.). Wood is anticipated to hold thelargest revenue shares of the market and dominate the market segment on theaccount of age old traditions of having wooden furniture. Technologicaladvancement like engineered wood usage for the manufacturing of prolonged lifefurniture and sophisticated pieces that are aesthetically pleasing for thepopulation.
Based on supply,the market is further bifurcated into domestic, and imported. Domestic supplyfor the office furniture is anticipated to register maximum revenue shares ofthe market and dominate the market on the account of rising number of marketplayers in the country. Moreover, the demand for the office furniture hasmultiplied in the recent years owing to the increasing number of officecomplexes in the country thereby supporting the growth of the market in theupcoming five years.
Based on producttype, the market is further bifurcated into chairs, desks, filing cabinets& lockers, others (workstations, conference tables, etc.). Chairs and desksare anticipated to hold the larger revenue shares of the market and dominatethe market segment on the account of rising demand for office furniture as wellas rapidly increasing office infrastructure.
A partial listof market player in the Saudi Arabia office furniture market includes MidasInternational General Trading Company, Saudi Modern Factory Co., Al SharqFurniture Est, Habitat Furniture Co Limited, Riyadh Furniture Industries Company(RFI), Saudi Arabia, Gautier Furniture, AL Rugaib Furniture, Advanced Officesystems Factory Ltd Co, Jedaie Office Furniture, Wardeh Salehiya Est., El-AjouGroup, Home Center (Retail World Limited), IKEA - Saudi Arabia, Al AbdulkaderFurniture Co. Ltd., Arabian Furniture and Design Company (Hermann Miller),among others. These market players hold larger shares of the market than thenew market players. With the evolving technology, it is appropriate to say thatthe effective research and development of the technologically advancedinstruments and methods to satisfy consumer demands would support the marketgrowth and benefit the market players as well as the consumers. New marketplayers may focus on the research and development to provide such products andservices that satisfies the consumer demand as well as benefits the marketplayers in building their brand value. Other competitive strategies includemergers & acquisitions and new product developments.
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“Growing e-commerce is supporting the predicted growth of the SaudiArabia office furniture market in the next five years. Due to the recentpandemic situation, the e-commerce sector has expanded more. Consumers areloving the idea of sitting at home and shopping all sorts of products in retailat their fingertips. New market players may focus on the research anddevelopment of the better raw material for the furniture manufacturing.Technological advancements are going to support their brand establishment andexpand the market in future five years,” said Mr. Karan Chechi, ResearchDirector with TechSci Research, a research based global management consultingfirm.
“Saudi Arabia OfficeFurniture Market By Product Type (Chairs, Desks, Filing Cabinets & Lockers,Others (Workstations, Conference Tables, etc.) By Raw Material (Wood, Metal,Plastic, Others (Bamboo, Cane, etc.)) By Price Range (Mass, Premium/ Luxury) BySupply (Domestic, Imported) By Distribution Channel (Exclusive Showrooms,Supermarkets/Hypermarkets, Online, Others (Furniture Retail Outlets, Traditionalstores, etc.) By Region, Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of SaudiArabia office furniture market and provides statistics & information onmarket size, structure and future market growth. The report intends to providecutting-edge market intelligence and help decision makers take sound investmentdecisions. Besides, the report also identifies and analyzes the emerging trendsalong with essential drivers, challenges, and opportunities in Saudi Arabia officefurniture market.
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