GCC Furniture Market Report and Forecast 2032

GCC Furniture Market Insights & Analysis

The GCC Furniture Market is anticipated to register a CAGR of around 7.8% during the forecast period, i.e., 2024-32, along with this the market size is valued at nearly 14.2 billion in 2024. Furniture is essential for homes & offices, bringing solace, comfort, and efficiency to individuals’ lives, further enhancing their lifestyle. The aesthetic appeal of furniture has also become trendy, impelling the demand for modern & unique pieces, such as tables, chairs, desks, beds, and cupboards. The furniture industry uses a wide range of materials to create these pieces, including plastic, wood, metal, and many more.

The market in Gulf countries is currently experiencing a rise in demand, with several factors contributing to its growth. Heightened demand for residential properties, real estate development, and government initiatives to build socio-economic infrastructure are some aspects fueling the market growth. As most of the furniture in the GCC is imported, the industry faced a decline in imports from most countries in 2020.

Moreover, the GCC Furniture Market's growth can also be attributed to rapid technological advancements, urbanization, growth in the housing sector, and better living standards, leading to a surge in demand for comfort. Consequently, with the growing need, the industry has become highly competitive, with many players competing to gain potential market share, further contributing to influencing the industry's growth in the future years.