Contact
Lun - Ven, 9:00 - 18:00 h (EST)
Lun - Ven, 9:00 - 18:00 h (EST)
Lun - Ven, 9:00 - 17:00 h (SGT)
Lun - Ven, 10:00 - 18:00 h (JST)
Lun - Ven, 9:00 - 18:00 h (GMT)
Lun - Ven, 9:00 - 18:00 h (EST)
Key regions: Denmark, Germany, China, United States, Worldwide
The Bedroom Furniture market in Saudi Arabia has been experiencing significant growth in recent years.
Customer preferences: Saudi Arabian customers have shown a strong preference for high-quality and luxurious bedroom furniture. They value durability, craftsmanship, and attention to detail. Additionally, there is a growing demand for modern and contemporary designs that reflect the changing tastes and lifestyles of consumers in the country. Customers are also increasingly looking for furniture that offers functionality and storage solutions to optimize space in their bedrooms.
Trends in the market: One of the key trends in the Bedroom Furniture market in Saudi Arabia is the increasing popularity of online shopping. With the rise of e-commerce platforms and the convenience they offer, more and more customers are opting to purchase bedroom furniture online. This trend is driven by factors such as a wider range of options, competitive pricing, and the ability to compare products and read customer reviews. Another trend in the market is the growing focus on sustainability and eco-friendly materials. Saudi Arabian consumers are becoming more conscious of the environmental impact of their purchases and are seeking furniture made from sustainable materials such as bamboo or recycled wood. This trend is also influenced by a global shift towards eco-friendly practices and the increasing availability of sustainable furniture options in the market.
Local special circumstances: Saudi Arabia has a young and growing population, which is driving the demand for bedroom furniture. As more young people enter the workforce and establish their own households, there is a greater need for furniture to furnish their bedrooms. Additionally, the government's initiatives to promote home ownership and provide affordable housing have also contributed to the growth of the bedroom furniture market in the country.
Underlying macroeconomic factors: The Bedroom Furniture market in Saudi Arabia has been positively influenced by several macroeconomic factors. The country's strong economic growth, driven by investments in various sectors such as construction and tourism, has led to an increase in disposable income and consumer spending. This has resulted in a higher demand for bedroom furniture as consumers have more purchasing power. Furthermore, the government's Vision 2030 plan, which aims to diversify the economy and reduce dependence on oil, has created opportunities for the furniture industry. The plan includes the development of new cities and the expansion of the tourism sector, which will drive the demand for furniture, including bedroom furniture, in the coming years. In conclusion, the Bedroom Furniture market in Saudi Arabia is witnessing growth due to customer preferences for high-quality and luxurious furniture, the increasing popularity of online shopping, the focus on sustainability, the young and growing population, and the positive macroeconomic factors such as strong economic growth and government initiatives.
Data coverage:
Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments are not specific to any room.Modeling approach / Market size:
Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.Additional Notes:
The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.Lun - Ven, 9:00 - 18:00 h (EST)
Lun - Ven, 9:00 - 18:00 h (EST)
Lun - Ven, 9:00 - 17:00 h (SGT)
Lun - Ven, 10:00 - 18:00 h (JST)
Lun - Ven, 9:00 - 18:00 h (GMT)
Lun - Ven, 9:00 - 18:00 h (EST)