Living Room Furniture - United Arab Emirates

United Arab Emirates

In the year 2024, the revenue generated in the Living Room Furniture market in the United Arab Emirates amounts to €0.94bn.
It is projected that this market will experience an annual growth rate of 0.84% from 2024 to 2029 (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in this segment, with a total of €67,770m in 2024.
In terms of per capita figures, the revenue generated per person in the United Arab Emirates in 2024 is 0.00.
The United Arab Emirates' market for living room furniture is witnessing a surge in demand for luxury and high-end designs.

Key regions: China, Germany, Brazil, France, United States

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Comparación de regiones

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Analyst Opinion

The Living Room Furniture market in United Arab Emirates has been experiencing steady growth in recent years.

Customer preferences: Customers in United Arab Emirates have shown a preference for modern and contemporary living room furniture designs. They are increasingly looking for furniture that is both stylish and functional, with clean lines and minimalist aesthetics. Additionally, customers are placing a high value on the quality and durability of the furniture, as well as the use of sustainable materials.

Trends in the market: One of the key trends in the Living Room Furniture market in United Arab Emirates is the growing demand for smart furniture. With the increasing adoption of smart home technology, customers are looking for furniture that can be integrated with their smart devices, allowing them to control various functions such as lighting and temperature from their furniture. This trend is driven by the desire for convenience and the growing importance of technology in everyday life. Another trend in the market is the rising popularity of multifunctional furniture. As living spaces in United Arab Emirates are often limited in size, customers are looking for furniture that can serve multiple purposes and maximize the use of space. This includes furniture with built-in storage solutions, convertible sofas, and modular furniture that can be easily rearranged to suit different needs.

Local special circumstances: The Living Room Furniture market in United Arab Emirates is influenced by the cultural and social norms of the country. The traditional Arab style of interior design, with its rich colors and ornate patterns, still holds a significant place in the market. Many customers in United Arab Emirates prefer furniture that reflects their cultural heritage and traditions, blending modern design with traditional elements. Additionally, the high purchasing power of customers in United Arab Emirates has a significant impact on the market. As one of the wealthiest countries in the Middle East, customers in United Arab Emirates are willing to invest in high-end and luxury living room furniture. This has led to the presence of a wide range of premium furniture brands in the market, catering to the demand for luxury and exclusivity.

Underlying macroeconomic factors: The growth of the Living Room Furniture market in United Arab Emirates can be attributed to several macroeconomic factors. The country has a strong and stable economy, driven by industries such as oil and gas, tourism, and real estate. This has resulted in a growing middle class with increasing disposable income, allowing them to spend more on furniture and home decor. Furthermore, the rapid urbanization and population growth in United Arab Emirates have created a demand for new housing units. As more people move to urban areas, there is a need for furniture to furnish these new homes, driving the demand for living room furniture. In conclusion, the Living Room Furniture market in United Arab Emirates is developing in response to customer preferences for modern and contemporary designs, as well as the growing demand for smart and multifunctional furniture. The market is also influenced by local special circumstances, such as the cultural and social norms of the country and the high purchasing power of customers. The underlying macroeconomic factors, including a strong economy and rapid urbanization, are driving the growth of the market.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments are not specific to any room.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.