UAE Furniture Market Size, Industry Trends, Share, Growth and Report 2024-2032
Furniture Market – UAE
Market Statistics
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Size in 2023: USD 3.5 Billion
Market Size in 2032: USD 5.3 Billion
Market Growth Rate (CAGR) 2024-2032: 4.40%
According to IMARC Group’s report titled “UAE Furniture Market Report and Forecast 2024-2032,” the market reached USD 3.5 billion in 2023. Looking forward, IMARC Group expects the market to reach USD 5.3 billion by 2032, exhibiting a growth rate (CAGR) of 4.40% during 2024-2032.
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UAE Furniture Market Trends and Drivers:
- Expanding Real Estate Sector: The UAE furniture market is seeing substantial growth, propelled by the real estate boom and a rising demand for residential, commercial, and hospitality furnishings.
- Urbanization and Development Projects: Rapid urbanization and large-scale developments, such as luxury residential complexes and hotels, are creating a need for high-quality, stylish, and functional furniture.
- Growing Expatriate Population: The influx of expatriates has increased demand for both mid-range and premium furniture options to cater to diverse lifestyle preferences.
- Hospitality Sector Expansion: As a global tourism and business hub, the UAE’s hospitality sector continues to grow, spurring demand for furnishings in hotels, resorts, and other accommodations.
- Increasing Disposable Income: Higher disposable incomes and a consumer preference for modern, aesthetically appealing interiors are boosting the market, with local and international furniture brands tapping into this trend.
- Eco-Friendly Furniture Demand: Rising environmental awareness among consumers is driving demand for sustainable furniture made from recycled wood, natural fibers, and other eco-friendly materials.
- Shift Towards Green Solutions: Companies are responding to consumer demand by offering greener furniture options, aligning with global sustainability goals.
- E-Commerce Growth: The growth of online shopping is reshaping the market, as consumers increasingly prefer purchasing furniture from digital platforms, attracted by convenience and a broader range of choices.
- Smart and Customizable Furniture: Technological advancements, including smart furniture and customizable options, are gaining popularity, especially among younger consumers interested in personalized and tech-integrated home solutions.
- Sustained Market Growth: Supported by the real estate boom, expanding tourism sector, and evolving consumer preferences, the UAE furniture market is expected to continue its robust growth in the coming years.
UAE Furniture Industry Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest furniture market in UAE. 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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