Saudi Arabia Home Furniture Market Size

Saudi Arabia Home Furniture Market Analysis

The Saudi Arabia Home Furniture Market size is estimated at USD 4.49 billion in 2024, and is expected to reach USD 5.98 billion by 2029, growing at a CAGR of 5.91% during the forecast period (2024-2029).

Living room furniture and bedroom furniture are among the segments of Saudi Arabia's furniture market, which generate the largest amount of revenue with continuous growth over the years. The total population in Saudi Arabia is observing a continuous increase, with a rise in residential spaces leading to demand arising from households for home furniture. As the economy is recovering from the negative impact of the pandemic urban population in the country is increasing, leading to a rise in commercial space as well as luxury/Premium furniture.

With the advent of COVID-19, retail furniture sales in Saudi Arabia observed a decline due to imposed restrictions. As the commercial spaces started for remote working, their furniture demand also declined. To minimize the decline in revenue sales, furniture firms started making their products available through E-commerce and other online channels.

Contract furniture in Saudi Arabia is observing continuous growth from the local government as well as commercial businesses. Share of home ownership is observing continuous growth in the country with the expectation of reaching more than 70% over the coming years, signaling a rising business for furniture manufacturers. Al-Riyadh, Jiddah, Makkah, AL-Madinah, and others are emerging as leading cities in Saudi Arabia, which are creating opportunities for sales of the furniture market.