Market Size of UAE Home Furniture Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.59 Billion |
| Market Size (2029) | USD 3.12 Billion |
| CAGR (2024 - 2029) | 3.79 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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UAE Home Furniture Market Analysis
The UAE Home Furniture Market size is estimated at USD 2.59 billion in 2024, and is expected to reach USD 3.12 billion by 2029, growing at a CAGR of 3.79% during the forecast period (2024-2029).
There is a notable uptick in consumer spending on home renovations, particularly furniture, kitchens, bathrooms, and flooring in the United Arab Emirates. Notably, there's a shift towards investing in higher-quality products. Wood remains the primary raw material for furniture production, complemented by fittings and finishing materials. Over the years, there has been a discernible surge in demand for high-end luxury furniture, with a preference for heavy fabric and leather items.
The furniture market in the United Arab Emirates is dynamic and expanding, buoyed by factors such as rising disposable incomes, population growth, and an expanding expatriate community. This market showcases a blend of local and international furniture brands, offering a diverse range of traditional and contemporary products.
This surge in demand has fostered a burgeoning domestic market, attracting numerous players vying for the same target audience. Manufacturers and retailers in the region vie based on product quality and materials. Branded furniture companies are gradually gaining prominence in this landscape. However, the furniture sector in the United Arab Emirates witnessed a significant revenue decline due to the COVID-19 pandemic, which severely impacted both commercial and residential construction activities.
