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Saudi Arabia furniture industry’s consumption is forecasted to grow at a rate of 11% during the period of 2017-2022

Published 2017-06-19 10:06:56

The Saudi Arabia Furniture industry has witnessed significant growth in recent years due to large-scale developments in its infrastructural, economical, industrial and educational projects to revamp the facilities and services in the kingdom. The country have attracted international acclaim for undertaking the world’s largest investments across building up of its educational sector and upgrading healthcare facilities, resulting in rising opportunity for the furniture markets in such segment.

According to our latest research report, “Saudi Arabia Furniture Market Outlook 2022”, with the entry of a number of real estate developers and increasing demand for residential property, the housing industry has witnessed tremendous growth in the past years infusing growth in the household furniture market. Booming economy, government support and young population base coupled with other secondary factors have created a strong platform for the furniture industry to grow to new horizons.

With the government launching major projects in government ministries and commissions, semi-government agencies investing in new projects etc., the Saudi Arabia furniture industry’s consumption is forecasted to grow at a rate of 11% during the period of 2017-2022. Domestic furniture manufacturers are also expanding their capacity to fulfill premium household furniture demand, thus driving the overall furniture market in the Kingdom for the future.

Source: RNCOS

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