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
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.