Saudi Arabia Home Decor Market (2024-2030) | Analysis, Industry, Share, Size, Companies, Forecast, Revenue, Value, Trends, Outlook, Growth

Saudi Arabia Home Decor Market Synopsis

The Saudi Arabia home decor market is estimated to reach a value of US$ 10.2 billion in 2020 and is expected to register a CAGR of 6.9% during the forecast period (2020-2026). The growth of the market can be attributed to the increasing disposable income, changing lifestyle, growing demand for luxury furniture and decorative items coupled with technological advancements in the production process. Additionally, rising focus on interior designing due to an increase in construction activities has been driving this market??s growth over the past few years.

Market Drivers

With economic development and population expansion leading to higher wages, more people are able to purchase expensive home decor products such as furniture sets, carpets and other accessories which have fueled demand for home decor items in Saudi Arabia. This has significantly contributed towards increased consumption of various types of home decor products across all regions within Saudi Arabia over recent years. Consumer preference towards opulence when it comes to purchasing furniture sets or decorative items such as vases or wall hangings has led major players operating in this space into launching premium range products targeting high end consumers who seek luxury living standards particularly within urban areas within country`s residential complexes owing to their relatively high disposable incomes as compared with rural counterparts thereby providing a boost towards revenue growth generated by sales from sale these product segments across country`s retail channels.

Challenges of the Market

The existing government regulations pertaining importation & exportation along with taxation systems implemented specifically at provincial levels could create hindrances towards business operations associated with manufacturing & shipping off material goods operating out from one jurisdiction into another while also creating price fluctuations depending upon taxes imposed at regional levels based upon materials used which if not accounted , would tend reduce profitability margins earned by vendors operating within industry. With presence counterfeiters engaging themselves into producing low quality replicas of branded material goods such as rugs , curtains etc., there exists considerable risk posed against industry players who may witness steep decline their sales revenues should customers opt go for fake well known brands instead opting going original versions available through authorized dealerships located across kingdom thus posing noteworthy challenge faced them entry level product categories.

Covid 19 Impact on the Market

The Covid-19 pandemic has had an impact on Saudi Arabia consumers?? discretionary expenditure due to job losses and salary cuts among other economic impacts caused by lockdowns. However, as the economy gradually reopens, there has been a steady pickup in consumer confidence levels which should positively affect sales of home decor products in the Kingdom over time.

key players of the Market

The major players operating in Saudi Arabia Home Decor Market include IKEA SAUDI ARABIA FZE., Al Mulla Group LLC., King Saud University Holding Company (KSUHC), National Home Stores Co., Ltd., American Furniture Manufacturing Co., Ltd., Jeddah International Furniture Fair (JIFF), Crowne Plaza Hotel & Resorts Makkah ?? Al Madina Monawara , Euroline Enterprises Trading & Contracting Co WLL etc.

Key Highlights of the Report:

• Saudi Arabia Home Decor Market Outlook
• Market Size of Saudi Arabia Home Decor Market, 2023
• Forecast of Saudi Arabia Home Decor Market, 2030
• Historical Data and Forecast of Saudi Arabia Home Decor Revenues & Volume for the Period 2020-2030
• Saudi Arabia Home Decor Market Trend Evolution
• Saudi Arabia Home Decor Market Drivers and Challenges
• Saudi Arabia Home Decor Price Trends
• Saudi Arabia Home Decor Porter's Five Forces
• Saudi Arabia Home Decor Industry Life Cycle
• Historical Data and Forecast of Saudi Arabia Home Decor Market Revenues & Volume By Product Type for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Home Decor Market Revenues & Volume By Furniture for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Home Decor Market Revenues & Volume By Textile for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Home Decor Market Revenues & Volume By Flooring for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Home Decor Market Revenues & Volume By Others for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Home Decor Market Revenues & Volume By Application Types for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Home Decor Market Revenues & Volume By Indoor for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Home Decor Market Revenues & Volume By Outdoor for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Home Decor Market Revenues & Volume By Distribution Channels for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Home Decor Market Revenues & Volume By Supermarkets and Hypermarkets for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Home Decor Market Revenues & Volume By Home D?cor Stores for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Home Decor Market Revenues & Volume By Gift Shops for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Home Decor Market Revenues & Volume By Online Stores for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Home Decor Market Revenues & Volume By Others for the Period 2020-2030
• Saudi Arabia Home Decor Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Application Types
• Market Opportunity Assessment By Distribution Channels
• Saudi Arabia Home Decor Top Companies Market Share
• Saudi Arabia Home Decor Competitive Benchmarking By Technical and Operational Parameters
• Saudi Arabia Home Decor Company Profiles
• Saudi Arabia Home Decor Key Strategic Recommendations