Market Size of UAE Home Furniture Industry
| Study Period | 2019 - 2028 |
| Base Year For Estimation | 2021 |
| Market Size (2023) | USD 1.91 Billion |
| Market Size (2028) | USD 2.31 Billion |
| CAGR (2023 - 2028) | 3.91 % |
| 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 1.91 billion in 2023, and is expected to reach USD 2.31 billion by 2028, growing at a CAGR of 3.91% during the forecast period (2023-2028).
In the United Arab Emirates, people are increasing their spending on renovating homes (furniture, kitchens, bathrooms, and flooring), and are investing in higher-quality products. In Abu Dhabi and Dubai, there are a large number of expats (more than 170 nationalities), therefore, the region is developing as a potential market for all types of furniture.
Major raw materials that are required for the production of furniture products are wood. Some other inputs include fittings and finishing materials.
It was observed that the demand for high-end luxury furniture items has increased over the years. Furniture items, which entail heavy fabric and leather, were more preferred by the people of the country.
This rise in demand has led to the growing domestic demand and the emergence of multiple players catering to the same target audience. Manufacturers and retailers operating in the region compete on almost the same grounds of quality of the product and the material used to manufacture the product.
Branded furniture companies are slowly starting to take over this market.
