The
report titled “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)” provides a comprehensive analysis of home
furniture and furnishing products in the UAE region. The report focuses on
overall market size, UAE furniture market segmentation by market structure
(organized and unorganized), by emirates (Abu Dhabi, Dubai and Sharjah), by
style of furniture (modern, contemporary and traditional), by end users
(residential, commercial and hospitality), by residential furniture product
categories (bedroom, living room, dining room, kitchen furniture, storage
spaces, home office furniture, and other indoor furniture), by living room
(sofas, sofa cum beds and other sitting furniture), by bed room furniture
(beds, mattresses, wardrobes and chest of drawers), by beds (with storage and
without storage capacity), by wardrobes (by sliding door and push and pull), by
dining table top preference (wood and glass, metal top), by trade scenario
(imports and exports). The report also covers the overall competitive
landscape; government role and regulations, growth restraints, drivers, trends
and developments.
UAE Furniture Market Overview and
Genesis
The
furniture industry in the region is at a mature stage, although the industry
was adversely hit due to a recession in the real estate sector and the decline
in oil prices in the recent past. People living in UAE region were witnessed to
increase their spending towards renovating homes on things such as furniture,
kitchens, bathrooms and flooring; and are investing in higher quality products.
In Abu Dhabi and Dubai regions, there are expats which originates from more than
170 nationalities, therefore developing a potential market for all types of
furniture.
Major
raw materials that are required in the production of furniture products include
MDF and solid wood. Some other inputs include fittings and finishing materials.
Majority of the furniture manufacturing factories are equipped with cut saw,
jointer-planer, table saw, band saw, sharper, router, drill press, boring
machine and hot press. These equipments are used for semi-mechanized production
which has become the norm in wooden furniture manufacturing.
It
was observed that the demand for high end luxury furniture items has increased
over the years. Furniture items which entail heavy fabric and leather work were
more preferred by the people of the region
UAE Furniture Market Segmentation
By End Users (Residential, Commercial
and Hospitality)
The
revenues accrued from the sale of residential furniture dominated the UAE home
furniture market revenues; Living room furniture was the major revenue
contributor. It was observed that off plan sales had been a major feature of
the UAE residential market as developers had been seeking fund developments in
advance of incurring outlays on construction. Commercial furniture followed the
dominating segment in terms of market revenues. Office furniture typically
consists of workstation furniture, office chairs, office tables and office
storage spaces. The least share of market revenues in the UAE Home furniture
was accrued to hospitality furniture, although the demand for hospitality
furniture in the UAE region has witnessed an increase owing to the developing
tourism sector of the region.
UAE Home Furniture Market Segmentation
By Product Categories (Living Room,
Bed Room, Dining Room, Home Office Furniture, Kitchen Furniture, Storage
Furniture and Other Indoor Furniture)
The
living room furniture dominated the UAE residential furniture market revenues.
This was followed by bedroom, dining room, kitchen, other indoor furniture,
storage furniture and home office furniture.
By Living Room: Sofa Sets captured the majority share in
living room furniture items. The sofa sets are available in materials of
velvet, leather and a mixture of silk and cotton.
By Bedroom: The growing population and the influx of
expatriates in UAE have led to an increase in demand for number of residential
spaces across the region. The sales of bedroom furniture therefore surged, to
cater to the expanding customer base for furniture for furniture market
retailers in the country. Revenues from the sale of mattresses dominated the
market revenues for bedroom furniture items.
By Dining Furniture: Dining room furniture witnessed an increase
in sales owing to the increase in demand for chairs, tables, and complete
dining sets. The rise in these products was mainly due to increase in expat
population in the UAE region. The most preferred dining sets were with a
seating capacity of 4 people by people living in apartments, while the people
who lived in villas preferred dining sets with seating capacity of 8 people.
Competitive Landscape in UAE Home
Furniture and Furnishings Market
The
furniture market was observed to be mildly fragmented due to presence of large
number of domestic and global players with differentiated products style. Major
Home furniture retailers include IKEA, Home Centre, PAN Emirates, Royal
Furniture, Danube, Marina Home, Homes R Us, IDdesign, Pottery Barn, Home Box
and Natuzzi. Major online furniture stores include Ebarza, The People of Sand,
MarMarLand, The Bowery Company, Wysada and Souq.com
Future Analysis and Projections
The
furniture industry of UAE is expected to grow at a positive CAGR from 2018-2022
with the increase in nuclear families, rise in demand for residential
apartments. The UAE region will witness an increase in the expat population
owing to the stability in oil prices in the near future. The development of key
projects like Caesars Palace, Fairmont and others will lead to the development
of the tourism industry.
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
·
Executive Summary
·
Research
Methodology
·
Value Chain
Analysis for UAE Furniture Market
·
UAE Furniture
Market Overview and Genesis
·
UAE Furniture
Market Size by Revenues, 2012-2017
·
UAE Home
Furniture And Furnishing Market Size, 2012-2017
·
UAE Furniture
Market Segmentation
·
UAE Home
Furniture Market Segmentation
·
Trade Scenario
for UAE Furniture Market
·
Trends and
Developments in UAE Furniture Market
·
Competitive
Landscape in UAE Home Furniture Market
·
Snapshot of UAE
Online Furniture Market
·
Snapshot of UAE
Home Furnishing Market
·
Case Study for
Installing Home and Hotel Furniture in UAE
·
SWOT Analysis of
the UAE Furniture Industry
·
Entry Barriers in
the UAE Furniture Market
·
Supplier
Selection Criteria in the UAE Furniture Market
·
Decision Making
Parameters in UAE Furniture Market
·
UAE Furniture
Market Future Outlook and Projections, 2017-2022E
·
Analyst
Recommendations
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Research
Ankur
Gupta, Head Marketing & Communications
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