{"id":67473,"date":"2024-07-24T13:09:29","date_gmt":"2024-07-24T10:09:29","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=67473"},"modified":"2025-11-26T02:53:12","modified_gmt":"2025-11-26T02:53:12","slug":"%d8%aa%d9%82%d8%b1%d9%8a%d8%b1-%d8%af%d9%88%d9%84%d9%8a-%d9%8a%d8%aa%d9%88%d9%82%d8%b9-%d8%a7%d8%b1%d8%aa%d9%81%d8%a7%d8%b9-%d8%ad%d8%ac%d9%85-%d8%b3%d9%88%d9%82-%d8%a7%d9%84%d8%a3%d8%ab%d8%a7%d8%ab","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/67473\/","title":{"rendered":"Saudi Arabia's home furnishings market to reach $5.98 billion by 2029, report predicts"},"content":{"rendered":"

A report by Mordor Intelligence revealed that the size of the Home furniture<\/a> <\/strong>in Saudi Arabia is estimated at $4.49 billion in 2024, noting that it is expected to reach $5.98 billion by 2029, at a CAGR of 5.91% during the forecast period (2024-2029).<\/p>\n

The report explained that the Living rooms<\/a><\/strong> Bedroom furniture is among the segments of the furniture market in Saudi Arabia that generates the most revenue with continuous growth over the years.<\/p>\n

The total population in Saudi Arabia is continuously increasing, with the rise in residential spaces leading to increased demand by households for Home furniture<\/a><\/strong>. As the economy recovers from the negative impact of the pandemic, the country's urban population is growing, leading to a rise in commercial spaces as well as luxury\/premium furniture.<\/p>\n

With the emergence of COVID-19, retail furniture sales in the Kingdom have seen a decline due to restrictions. With the introduction of remote working in commercial spaces, the demand for furniture has also declined. To minimize the decline in revenue sales, furniture companies have started making their products available through e-commerce and other online channels.<\/p>\n

The online furniture market sales during this period started to increase as more retailers started to offer their products online and more people started to buy products through e-commerce. Among brand share, Amazon has a share of over 50% in Saudi Arabia, making furniture from major brands Costco, Easy Home, Target, and others available through online sales channels.<\/p>\n

With the increasing number of payment options available in online buying methods for credit cards, EMIs, and others, as well as lucrative offers available from sellers, selling furniture online has become an easy way to use and buy. With this trend, online purchase options open up new revenue streams, enabling manufacturers to increase their furniture sales.<\/p>\n

Contract furniture in the Kingdom is also seeing continued growth from the local government as well as commercial companies. The share of home ownership is growing in the country and is expected to reach more than 70% in the coming years, signaling a rise in business for furniture manufacturers. Riyadh, Jeddah, Mecca, Medina, and others are emerging as leading cities in Saudi Arabia, creating sales opportunities for the furniture market.<\/p>\n

According to MODOR Intelligence, the rising number of residential apartments in the Kingdom and rising modern infrastructure facilities are expected to stimulate the demand for the home furniture market due to customer's interest in furniture and home decor. In the Kingdom's furniture market revenue, the share of bedroom furniture is more than 19%, with a continuous increase in revenue over the years.<\/p>\n

With apartments and villas occupying the leading spaces in the Kingdom's residential sectors, they are emerging as sectors with increasing demand for bedroom furniture as people prefer apartments in cities. Additionally, after recovering from COVID-19, the country's hospitality sector is seeing a rise in business and a resumption of demand for bedding and bedroom furniture.<\/p>\n

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