Saudi Arabia Modular Drawer Market (2022-2028) | Size, Share, Outlook, Forecast, Revenue, Growth, Industry, Analysis, Trends, Value, Segmentation & COVID-19 IMPACT

Saudi Arabia Modular Drawer Market Synopsis

Saudi Arabia Modular Drawer Market is expected to register growth during the forecast period. The country's construction industry is growing at a rapid pace owing to the government's initiatives to develop the infrastructure. This, in turn, is anticipated to drive the demand for modular drawers in Saudi Arabia.

According to 6Wresearch, the Saudi Arabia Modular Drawer Market size is expected to grow during 2022-2028. Saudi Arabia is a country that is rapidly growing, and with that comes the need for more and more modular drawer systems. These systems can be used in a variety of different settings, from hospitals to schools to businesses. As the Saudi drawer market continues to grow, so does the need for companies to produce high-quality modular systems.

The Saudi Arabian government is investing heavily in the construction of residential and non-residential buildings. This is attributable to the Vision 2030 initiative, which aims to boost the country's economy and reduce its dependence on oil revenue. As part of this initiative, various mega projects have been announced, such as NEOM, The Line, Amaala, and Qiddiya. These projects are likely to create a significant demand for modular drawers in Saudi Arabia during the forecast period.

Drivers for the Saudi Arabia Modular Drawer Market

The increasing demand for space-efficient storage solutions in commercial and residential applications is anticipated to drive the Saudi Arabia Modular Drawer Market growth over the forecast period. The other drivers for the growth of this market are the growing demand for furniture from the residential and commercial sectors, rising disposable incomes, and the increasing popularity of modular kitchens.

The rising disposable incomes and changing lifestyles of consumers are also driving the market growth. In recent years, there has been a significant increase in the number of nuclear families in Saudi Arabia, which has resulted in an increased demand for storage solutions such as modular drawers. Moreover, the growing trend of home improvement and refurbishment is also driving the market growth.

Moreover, the Saudi Arabia modular drawer market share is witnessing a significant growth owing to the increasing demand from various end-use industries such as residential, commercial, and institutional. The residential sector is the major consumer of modular drawers in Saudi Arabia and is expected to grow during the forecast period. The growth of the construction industry in Saudi Arabia is one of the major factors driving the growth of the modular drawer market in the country.

Challenges in the Saudi Arabia Modular Drawer Market

One of the major challenges faced by the Saudi Arabia modular drawer market revenue is the lack of skilled workforce. Apart from this, another challenge that needs to be addressed is the regulatory environment in Saudi Arabia. There are certain restrictions imposed on manufacturing, importing, and exporting goods in the country.

Market Analysis based on Type

The Saudi Arabia modular drawer market is segmented on the basis of type into wooden drawers, plastic drawers, and metal drawers. The wooden drawer segment held the largest share of the market in 2016 and is expected to retain its dominant position during the forecast period. This can be attributed to factors such as durability, aesthetic appeal, and easy maintenance associated with wood-based products.

Market Analysis based on Application

On the basis of application, the Saudi Arabia modular drawer market has been classified into kitchen cabinets, office cabinets, bathroom cabinets, and others (including wardrobe cabinets). The kitchen cabinet segment dominates the overall market owing to factors such as rising disposable incomes and changing lifestyles which have led to an increase in spending on home improvement activities such as remodelling kitchens.

Impact of COVID-19 on the Saudi Arabia Modular Drawer Market

The Middle East modular drawer market is expected to experience a significant impact as a result of the COVID-19 pandemic. The outbreak of the pandemic has led to a decrease in demand for modular drawers from key end-use industries such as construction, furniture, and retail. Additionally, the lockdown measures implemented by the government in order to contain the spread of the virus have resulted in production disruptions and supply chain disruptions, which are expected to further hamper market growth.

Trends in the Saudi Arabia Modular Drawer Market

One of the key trends in this market is the growing preference for online furniture shopping. With the increasing penetration of internet and mobile phones, consumers are increasingly opting for online furniture shopping. This is due to the convenience and flexibility offered by online shopping portals. Moreover, online furniture retailers offer a wide variety of products at competitive prices, which is further fuelling the growth of this trend.

Competitive Landscape for the Saudi Arabia Modular Drawer Market

The modular drawer market in Saudi Arabia is highly fragmented with a large number of small and medium sized manufacturers. The competitive environment is further intensified by the increasing trend of private label products and new entrants in the market.

The leading manufacturers are expected to focus on expanding their product portfolio and geographical reach to gain a competitive edge over other players in the market. In addition, they will also focus on mergers & acquisitions and strategic alliances to expand their share in the global modular drawer market.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021.
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Saudi Arabia Modular Drawer Market Outlook
• Market Size of Saudi Arabia Modular Drawer Market, 2021
• Forecast of Saudi Arabia Modular Drawer Market, 2028
• Historical Data and Forecast of Saudi Arabia Modular Drawer Revenues & Volume for the Period 2018 - 2028
• Saudi Arabia Modular Drawer Market Trend Evolution
• Saudi Arabia Modular Drawer Market Drivers and Challenges
• Saudi Arabia Modular Drawer Price Trends
• Saudi Arabia Modular Drawer Porter's Five Forces
• Saudi Arabia Modular Drawer Industry Life Cycle
• Historical Data and Forecast of Saudi Arabia Modular Drawer Market Revenues & Volume By Type for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Modular Drawer Market Revenues & Volume By Wood for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Modular Drawer Market Revenues & Volume By Plastic for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Modular Drawer Market Revenues & Volume By Steel for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Modular Drawer Market Revenues & Volume By Application for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Modular Drawer Market Revenues & Volume By Tool Crib for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Modular Drawer Market Revenues & Volume By Workbench Storage for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Modular Drawer Market Revenues & Volume By Office for the Period 2018 - 2028
• Saudi Arabia Modular Drawer Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Application
• Saudi Arabia Modular Drawer Top Companies Market Share
• Saudi Arabia Modular Drawer Competitive Benchmarking By Technical and Operational Parameters
• Saudi Arabia Modular Drawer Company Profiles
• Saudi Arabia Modular Drawer Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Type

• Wood
• Plastic
• Steel

By Application

• Tool Crib
• Workbench Storage
• Office

Saudi Arabia Modular Drawer Market: FAQs