Office Furniture in Saudi Arabia: Market Trends, Size, Growth, Opportunity and F
Posted by arshiyashaikh on January 10th, 2022
Market Reports on Saudi Arabia Provides the Trending Market Research Report on “Saudi Arabia Office Furniture Market, By Product Type (Chairs, Desks, Filing Cabinets & Lockers, Others (Workstations, Conference Tables, Sofas, etc.)), By Raw Material (Wooden, Metallic, Plastic, Others (Bamboo, Cane, etc.)), By Price Range (Mass, Premium/Luxury), By Distribution Channel (Contract/Direct Sales. Furniture Retail Outlets, Online), By Region (Western, Northern & Central, Eastern, Southern), Competition, Forecast & Opportunities, 2016-2026”under Consumer Goods Market Research Reports category. The Office Furniture in Saudi Arabia is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
Saudi Arabia Office Furniture Market was valued at USD683.44 million in 2020 and is growing at a CAGR of 7.42% to reach USD1066.95 million by 2026. Increasing working population and changing dynamics of work culture are the primary reasons for the growth of the market. The efforts made by the leading authorities to improve the economic conditions of the country by diversifying the income sources and lowering the dependence on the oil industry are expected to boost the growth of other prominent industry verticals. Improving economic conditions create new job opportunities, thereby increasing the number of working people in the country. Rapid construction of commercial spaces and the ongoing trend followed by the corporates providing work-from-home facilities to employees is expected to fuel the demand of the Saudi Arabia office furniture market. Long working hours and the growing awareness about the benefits of sitting in the right posture are accelerating the demand for adjustable and comfortable office desks to offer maximum comfort to consumers.
The rise in the number of market players, the development of an efficient supply chain network, and the availability of online sales channels to expand the consumer base are expected to propel office furniture sales in Saudi Arabia. Market players are introducing technologically advanced office furniture products and investing a significant amount in research and development activities to attract more customers. The use of advanced materials like engineered wood to increase the life of the office furniture and the improved aesthetic appearance of office furniture is expected to create lucrative opportunities for the growth of the Saudi Arabia office furniture market.
Saudi Arabia office furniture market is segmented based on product type, raw material, price range, distribution channel, region, and competitional landscape. Based on the product type, the market is divided into chairs, desks, filing cabinets & lockers, and others. The others segment is sub-segmented into workstations, conference tables, and sofas. The chairs segment is expected to account for major market share in the next five years. Chairs are considered a vital part of the sitting arrangement in the offices. Prolonged seating in an uncomfortable chair leads to back problems and severe pain in the body. Employers try to find comfortable chairs to provide a suitable working environment to employees to ensure maximum productivity.
The Saudi Modern Factory Co., Jeraisy Group Company, Al Sharq Al Masiya Trading Company, Haworth, Inc., Riyadh Furniture Industries Co., (RFI), International Furniture Company, National Furniture Mfg. Co. Ltd. (Athath), Aljohozyah Altamah Factory Co. (PRONTO), Al-Makateb Co. Ltd., HNI International, Herman Miller, Inc., Okamura Corporation, Wefal International Est, etc. are among the major market players in the Saudi Arabia platform that lead the market growth of the Saudi Arabia office furniture market.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2026
Objective of the Study:
Our report performed both primary as well as exhaustive secondary research for this study. Initially, Our report sourced a list of manufacturers across the globe. Subsequently, Our report conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Our report could include the manufacturers which could not be identified due to the limitations of secondary research. Our report analyzed the manufacturers, distribution channels and presence of all major players across the globe.
Our report calculated the market size of the Saudi Arabia office furniture market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. Our report sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by Our report.
Key Target Audience:
Market Research and Consulting Firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, Saudi Arabia office furniture market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Filing Cabinets & Lockers
Furniture Retail Outlets
Northern & Central
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About the Authorarshiyashaikh
Joined: February 5th, 2019
Articles Posted: 495
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