COVID-19 Impact & Recovery Analysis - Luxury Furniture Market in the Middle East
Posted by sarahbennu on August 10th, 2020
The luxury furniture market in the Middle East and it is poised to grow by $ 271.87 mn during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. B and B Italia SPA, Danube Group, Haworth Inc., Herman Miller Inc., Inter IKEA Holding BV, Minotti S.p.A., Natuzzi S.p.A., PAN Emirates, Poltrona Frau SPA, and Royal Furniture are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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An increase in the number of office spaces has been instrumental in driving the growth of the market. However, the impact of COVID-19 might hamper the market growth.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Luxury Furniture Market in the Middle East 2020-2024: Segmentation
Luxury Furniture Market in the Middle East is segmented as below:
o Saudi Arabia
o Egypt (Arab Republic Of Egypt)
o Rest Of Middle East
Luxury Furniture Market in the Middle East 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The luxury furniture market in the Middle East report covers the following areas:
This study identifies an increase in strategic partnerships as one of the prime reasons driving the luxury furniture market growth in the Middle East during the next few years.Also See: Middle East, Luxury Furniture, Furniture Market, Covid 19, Middle, Market, Luxury
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