Rising number of furniture manufacturers &
retail outlets, residential construction & housing activity and increasing
awareness among customers about the latest designs and trends has driven the
growth of furniture in the country.
Emergence of International Players: The
growing demand for furniture by residential, commercial and industrial sector
in UAE has invited many foreign players to sell their products in the domestic
markets of UAE. The UAE furniture industry saw the entry of Swedish furniture
giant, IKEA in 1991, which has grown substantially in the last few decades and
has established a name for affordable high street furniture
Increasing Competition among Furniture
Manufacturers and Retailers: The furniture market of the UAE region is highly
competitive owing to the rising demand of furniture and furnishing products.
This rise in demand has led to the growing domestic demand and emergence of
multiple players catering to the same target audience in the space.
Manufacturers and retailers operating in the region compete on almost same
grounds of quality of the product and the material used to manufacture the
product. New entrants into the market find it hard to compete with established
companies in terms of matching the quality offered by established firms at
cheap prices due to their continuous operations, which has led to economies of
scale.
Demand for Furnishing Products: The demand for
barbeques and garden sheds saw an increase due to the rise in barbeque
restaurants and the ability of charcoal barbeques to produce flavorful and
better results than gas barbeques. The replacement time period for furniture
products on an average is of twelve months, owing to which there is also an
increase in demand for furnishing products.
Players in Commercial Furniture: The organized
furniture sector which entails players like IKEA, PAN Emirates, Royal Furniture
and others have not been able to dominate the commercial furniture segment.
This segment is dominated by individual furniture retailers who specialize in manufacture
and retail of commercial furniture products. SAGTCO, Highmoon Office Furniture,
BAFCO, Al Hawai Office Furniture are some of the major players which operates
in the commercial furniture market.
Analysts at Ken Research in their latest
publication “UAE
Home Furniture and Furnishing Market Outlook to 2022 – By Living Room Furniture
(Sofa, Sofa Cum bed, Other Sitting Furniture, Coffee Tables, Others), Bedroom
Furniture (Bed, Mattresses, Wardrobes, Chest of Drawers), Dining Room, Home
Office, Kitchen Furniture and Furnishing (Home Textile, Window Covering,
Barbeques, Lightning Products)” suggests that furniture manufacturers
and retailers should focus on Multi-Purpose Furniture so that they can utilize
the entire apartment space and also curtail on the expenses of purchasing
additional furniture items. Online furniture on rent, gently used, factory
seconds furniture e-commerce portals are great business model opportunities in
the country.
Key Segments Covered
Furniture and Furnishing
·
Organized Sector
·
Unorganized
Sector
End Users
·
Residential
Furniture
·
Commercial
Furniture
·
Retail Furniture
By Emirates
·
Dubai
·
Abu Dhabi
·
Sharjah
Furniture
·
Indoor (Bedroom,
Dining Room, Living Room, Kitchen)
·
Outdoor
Furnishings
·
Home Textiles
·
Window Coverings
·
Barbeques
·
Lightning Sources
·
Fittings
Key Target Audience
·
Furniture
Retailers
·
Furnishings
Retailers
·
Private Equity
Companies
·
Contract
Furniture Manufacturers
·
Furniture
Association
Time Period Captured in the Report
·
Historical Period: 2012-2017
·
Forecast Period: 2018-2022
Companies Covered
Offline and Online Furniture Companies
·
IKEA
·
Home Centre
·
PAN Emirates
·
Royal Furniture
·
Danube
·
Marina Home
·
Homes R Us
·
IDdesign
·
Pottery Barn
·
Home Box
·
Natuzzi
Online Furniture Companies
·
Ebarza
·
The People of
Sand
·
MarMarLand
·
The Bowery
Company
·
Wysada
Key Topics Covered in the Report
·
UAE Furniture
Market
·
UAE Furnishing
Market
·
Sofa Sales in UAE
·
Bed Market UAE
·
Wardrobe Sales in
UAE
·
Challenges in
Value Chain Analysis
·
UAE Bedroom
Furniture Market
·
UAE Living Room
Furniture Market
·
UAE Dining Room
Furniture Market
·
UAE Storage &
Other Furniture Market
·
UAE Furniture
Market Segmentation By Emirates
·
Case Study to set
up Hotel Furniture in UAE
·
UAE Modular
Kitchen Market Competition Scenario
·
UAE Online
Furniture Market Size
·
Business Model
UAE Online Furniture Market
·
UAE Home Textiles
·
UAE Living Room
Textiles
·
UAE Window
Coverings
·
UAE Barbeque
Market
·
UAE Furniture
Import Trade Scenario
·
UAE Furniture
Export Trade Scenario
·
Trends and
Developments UAE Furniture
·
UAE Furniture
Market Competition Scenario
·
Decision Buying
Parameters UAE Furniture
·
UAE Furniture
Future
·
Analyst
Recommendation UAE Furniture
For more information about the
publication, refer to below link:
Related Reports:
Contact Us:
Ken
Research
Ankur
Gupta, Head Marketing & Communications
+91
9015378249
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