Markntel Advisors has recently documented a thorough report on the UAE and Saudi Arabia Furniture market, which covers the projection period of 2021-2026. The report offers detailed market dynamics, including all the possible factors and growth opportunities influencing the market.
Along with this, potential restraints and severe challenges are also discussed to the core, which holds the utmost probability to hamper the expansion of the market during the projected timeframe. Each and every crucial aspect is included in the report by our team of willful and skillful members who have worked tirelessly to do justice to the information published in the research paper.
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Market Driving Factor: Expanding Industrial & Commercial Sectors across the UAE & Saudi Arabia
The leading players in the UAE and Saudi Arabia Furniture Market are anticipated to witness an upswing in the coming years owing to the rapidly expanding industrial & commercial sectors across these countries. It owes principally to the increasing establishment of MNCs, i.e., propelling the demand for office furniture, coupled with the rising government focus on developing the commercial sector, thereby laying out construction projects to build hotels, resorts, etc., and instigating the overall market growth.
Major Growth Challenge for Player: Shortage or Delayed Procurement of Raw Materials
The UAE and Saudi Arabia Furniture Market observe shortage of timber wood, which in turn, is spiking up its costs and introducing severe challenges like project delays, cash flow issues, demand-supply gap, etc. Hence, this might restrain the market growth during the forecast period. Besides, factors such as stringent government regulations on wood production, natural disasters, poor logistics, etc., shall also act as prominent growth challenges to the market in the coming years.
Segmenting of UAE and Saudi Arabia Furniture Market
Segmenting the market into several smaller groups and further addressing it is one of the effective ways to determine the market and predict its growth in the near future. Therefore, our team of marketing analysts, along with professional researchers, also conducted an in-depth study to segregate the market into subcategories to offer its users a piece of holistic information about the UAE and Saudi Arabia Furniture industry, which goes like this:
Market Segmentation, By Material
o Plastic
o Wood
o Metal
Market Segmentation, By Furniture and Furnishing
o Organized Sector
o Unorganized Sector
Market Segmentation, By Product Categories
o Living Room
o Bed Room
o Dining Room
o Home Office Furniture
o Kitchen Furniture
o Storage Furniture
o Other
Market Segmentation, By End-Users
o Residential Furniture
o Commercial Furniture
o Retail Furniture
Market Segmentation, By Distribution Channel
o Home Centers
o Flagship Stores
o Specialty Stores
o Online Stores
o Other
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Competitive Analysis of the Market
The UAE and Saudi Arabia Furniture market report conducted by Markntel Advisors is a product of robust research to examine and find out the potential business running and stimulating the growth of the industry. It further enables the stakeholders, key investors, and organizations to scrutinize the areas in which the dominating players are exponentially rising in terms of production, revenues, and so on.
Moreover, the study paper focuses on emphasizing the recent developments and contributions made by the market players to identify the areas that can be taken into account for the primary objective of benefitting during the projected period. For this reason, the study constitutes the three fundamental companies that are mentioned as: -
Offline Furniture
o IKEA
o Home Centre
o PAN Emirates
o Royal Furniture
o Danube
o Marina Home
o Homes R Us
o IDdesign
o Pottery Barn
o Home Box
o Natuzzi. Major
o Al-Abdulkader Furniture Co. Ltd
o Riyadh Furniture Industries Co.
o Al Jedaie
o AL Rugaib Furniture
o Saudi Modern Factory Company
o AL Aamer Furniture
o Almutlaq Furniture
o Wardeh Salehiya
o HABITAT FURNITURE CO. LTD.
o Midas Furniture
o Gautier Jeddah
o BoConcept
Online Furniture
o Ebarza
o The People of Sand
o MarMarLand
o The Bowery Company
o Wysada
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The experts at Markntel Advisors provide potential clients with the option of customizing the report to suit their needs and interests. The team's key goals are to give the primary components the most consideration and to create the study with the intent of the stakeholders in mind.
The study report also covers factors that affect and surround the UAE and Saudi Arabia Furniture industry, including the industry's profit-loss cycle, important and inconsequential acquisitions, outside influences, current trends, and so forth.
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