The term "home furniture and furnishing" refers to a broad category of goods used to outfit and furnish homes. This includes furniture that is necessary, like couches, beds, tables, and chairs, as well as accent pieces, like lamps, carpets, and curtains. These accessories improve the comfort, usefulness, and aesthetic appeal of homes by fulfilling both practical and aesthetic needs. To accommodate a wide range of needs and interests, the industry uses a variety of materials and styles. Home decorations and furniture, from traditional beauty to modern minimalism, are essential to designing individualized, useful, and cozy living spaces.
According to SPER Market Research, ‘UAE Home Furniture and Furnishing Market Size- By Market Structure, By Style of Furniture, By Material, By Furniture Type, By Furnishing, By End Users, By Distribution Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2032’ states that the UAE Home Furniture and Furnishing Market is estimated to reach USD 5.89 billion by 2032 with a CAGR of 4.39%.
The market for home furniture and furnishing is expanding at a substantial rate as more and more consumers are choosing high-quality, fashionable furniture items due to increased disposable income levels and improved lifestyle demands. In addition, rising domestic furniture sales and exports from abroad are two more important growth-inducing drivers. The market is expanding healthily, as seen by the rising average yearly spending on furniture per consumer unit. During the forecast period, this is therefore anticipated to propel the expansion of the home furniture market throughout the UAE.
Price fluctuations for raw materials like metal and wood can affect furniture manufacturers' production costs, raising retail prices for customers. There are many local and foreign competitors fighting for market share in the fiercely competitive home furnishings market in the United Arab Emirates. This might provide difficulties for smaller businesses and new competitors looking to make an impression. The demand for house furnishings can be impacted by changes in consumer purchasing habits brought on by geopolitical and economic concerns. Due to its heavy reliance on imported furnishings and furniture, the UAE market is vulnerable to trade obstacles and interruptions in the global supply chain.
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Due to lockdowns and remote work, the COVID-19 epidemic had a major effect on the UAE home furnishings and furnishings business, increasing demand for home office supplies and furniture. As more people started shopping online, e-commerce sales increased, but delays and shortages were caused by supply chain disruptions. In response to shifting customer priorities and lifestyles during the pandemic, the market adjusted despite early failures by focusing on multifunctional and comfortable home environments and enhancing digital initiatives.
In UAE, Dubai holds the highest share in the UAE home furniture and furnishing market, Home furnishings are in high demand due to Dubai's strong real estate market, fast expanding population, and high disposable income, making it the commercial and financial center of the United Arab Emirates. Major players in the market are Danube, Ebarza, Home Box, Home Centre, Homes R Us, IDdesign, IKEA, Marina Home, MarMarLand, Natuzzi, PAN Emirates, Pottery Barn, Royal Furniture, The Bowery Company, The People of Sand.
For More Information, refer to below link:-
KSA Home Furniture Market Outlook
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