GCC Luxury Furniture Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

GCC Luxury Furniture Market is segmented by Product Type (Lighting, Tables, Chairs and Sofas, Accessories, Bedroom, Cabinets, and Other Products), End User (Residential and Commercial), by Distribution Channel (Home Centers, Flagship Stores, Specialty Stores, Online, and Other Distribution Channels), and by Geography (Saudi Arabia, United Arab Emirates, Kuwait, Qatar, and Rest of GCC Countries). The report offers market size and forecasts for the GCC Luxury Furniture Market in value (USD Billion) for all the above segments.

GCC Luxury Furniture Market Size

GCC Luxury Furniture Market Summary
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GCC Luxury Furniture Market Analysis

The GCC Luxury Furniture Market is expected to register a CAGR of greater than 6% during the forecast period.

Local luxury furniture production is relatively lesser in the GCC market, and thus, the region meets its requirements through the imports of foreign products. Manufacturers and retailers operating in the region compete on almost the same grounds of the quality of the product and the material used to manufacture the product. The luxury furniture market in the GCC region is highly competitive, owing to the rising demand for furniture and furnishing products. This rise in demand has led to growing domestic demand and the emergence of multiple players catering to the same target audience for luxury furniture products. Imports play a major role in the GCC luxury furniture market. Foreign players are investing heavily in the region to increase their presence or expand their businesses in these countries, thereby further boosting the GCC region's furniture industry. The countries in the GCC region are heavy importers of furniture, with most of the imports coming from countries like China, Italy, Turkey, Germany, the United States, Poland, and Malaysia. Major foreign luxury furniture manufacturers have been providing their products in the country either through their showrooms or multi-brand retail stores.

The outbreak of the COVID-19 pandemic acted as a massive restraint on the luxury furniture manufacturing market in the GCC region, in 2020. It has disrupted supply chains, caused a shortage of materials, and terminated contracts to control expenses. The lack of labor is also hampering the overall luxury furniture market growth in the GCC region. The outbreak of the coronavirus disease (COVID-19) acted as a massive restraint on the luxury furniture manufacturing market in the Asia-Pacific region, in 2020. This may slow down the industry growth during the forecast timeframe. Sales dropped by almost 60-70% due to consumers having little opportunity to explore luxury furniture products. Almost 40% of luxury furniture production happens in Italy, and all the Italian factories, including small, family-based façonniers, have temporarily shut down, which resulted in a decline in sales in the GCC market.

GCC Luxury Furniture Industry Overview

The market is dynamic and competitive, with new entrants and local players also contributing to the diversity of choices available to consumers. The report covers major international players operating in the GCC luxury furniture market. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets. Several local luxury furniture retailers and manufacturers have a strong presence in the GCC market. These companies often cater to the specific tastes and preferences of the local clientele, offering unique designs and personalized services. Following is the list of major companies in the market: PAN Emirates, IKEA, Al Huzaifa, Luxe Living, and Danube.

GCC Luxury Furniture Market Leaders

  1. PAN Emirates

  2. IKEA

  3. Al Huzaifa

  4. Luxe Living

  5. Danube

  6. *Disclaimer: Major Players sorted in no particular order
GCC Luxury Furniture Market Concentration
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GCC Luxury Furniture Market News

  • June 2023: Daze Furniture, the leading furniture brand known for its bespoke collection of furniture, lighting, and home accessories, is poised to revolutionise the luxury furniture segment in the UAE.
  • May 2023: PAN Emirates, a premier home furnishings and online furniture shopping store in UAE, has rebranded itself as PAN Home. The rebranding effort includes a complete makeover, signaling a more modernised perspective for PAN Home.

GCC Luxury Furniture Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS AND DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Growing Consumer Trend for Luxury Furniture
    • 4.2.2 Real Estate Development
  • 4.3 Market Restraints
    • 4.3.1 High Import Taxes and Duties
    • 4.3.2 High Cost of Raw Materials
  • 4.4 Value Chain/Supply Chain Analysis
  • 4.5 Porter's Five Forces Analysis
    • 4.5.1 Threat of New Entrants
    • 4.5.2 Bargaining Power of Buyers/Consumers
    • 4.5.3 Bargaining Power of Suppliers
    • 4.5.4 Threat of Substitute Products
    • 4.5.5 Intensity of Competitive Rivalry
  • 4.6 Impact of COVID-19 on the Market

5. MARKET SEGMENTATION

  • 5.1 Product Type
    • 5.1.1 Lighting
    • 5.1.2 Tables
    • 5.1.3 Chairs and Sofas
    • 5.1.4 Accessories
    • 5.1.5 Bedroom
    • 5.1.6 Cabinets
    • 5.1.7 Other Products
  • 5.2 End User
    • 5.2.1 Residential
    • 5.2.2 Commercial
  • 5.3 Distribution Channel
    • 5.3.1 Home Centers
    • 5.3.2 Flagship Stores
    • 5.3.3 Specialty Stores
    • 5.3.4 Online
    • 5.3.5 Other Distribution Channels
  • 5.4 Geography
    • 5.4.1 Saudi Arabia
    • 5.4.2 United Arab Emirates
    • 5.4.3 Kuwait
    • 5.4.4 Qatar
    • 5.4.5 Rest of GCC Countries

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 PAN Emirates
    • 6.1.2 IKEA
    • 6.1.3 Royal Furniture
    • 6.1.4 Al Huzaifa
    • 6.1.5 Luxe Living
    • 6.1.6 Home Center
    • 6.1.7 Danube
    • 6.1.8 B&B Italia
    • 6.1.9 Bukannan Furnishing
    • 6.1.10 ID Design*
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

8. DISCLAIMER

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GCC Luxury Furniture Industry Segmentation

Luxury Furniture is conducive to sumptuous living and includes elements that are elegant, sumptuous, and indulgent. A complete background analysis of the GCC Luxury Furniture market, which includes an assessment of the luxury furniture market in GCC, emerging trends by segments and regional markets, significant changes in market dynamics, and a market overview, is covered in the report. The report also features qualitative and quantitative assessments by analyzing the data gathered from industry analysts and market participants across key points in the industry's value chain. The GCC Luxury Furniture Market is segmented by Product Type (Lighting, Tables, Chairs and Sofas, Accessories, Bedroom, Cabinets, and Other Products), End User (Residential and Commercial), by Distribution Channel (Home Centers, Flagship Stores, Specialty Stores, Online, and Other Distribution Channels), and by Geography (Saudi Arabia, United Arab Emirates, Kuwait, Qatar, and Rest of GCC Countries). The report offers market size and forecasts for the Mom and Pop Stores Market in value (USD Billion) for all the above segments.

Product Type Lighting
Tables
Chairs and Sofas
Accessories
Bedroom
Cabinets
Other Products
End User Residential
Commercial
Distribution Channel Home Centers
Flagship Stores
Specialty Stores
Online
Other Distribution Channels
Geography Saudi Arabia
United Arab Emirates
Kuwait
Qatar
Rest of GCC Countries
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GCC Luxury Furniture Market Research FAQs

What is the current GCC Luxury Furniture Market size?

The GCC Luxury Furniture Market is projected to register a CAGR of greater than 6% during the forecast period (2025-2030)

Who are the key players in GCC Luxury Furniture Market?

PAN Emirates, IKEA, Al Huzaifa, Luxe Living and Danube are the major companies operating in the GCC Luxury Furniture Market.

What years does this GCC Luxury Furniture Market cover?

The report covers the GCC Luxury Furniture Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the GCC Luxury Furniture Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

GCC Luxury Furniture Industry Report

Statistics for the 2025 GCC Luxury Furniture market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. GCC Luxury Furniture analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

GCC Luxury Furniture Market Report Snapshots

Compare market size and growth of GCC Luxury Furniture Market with other markets in Home and Property Improvement Industry

GCC Luxury Furniture Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)