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Saudi Arabia Furniture Market: Opportunities, Size and Growth Projections in Upcoming Years

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The increase in construction activities and rising preference for customized furniture are the leading factors that will drive the Saudi Arabia Furniture market in the forecast years. According to TechSci Research report, “ Saudi Arabia Furniture Market  –   By Region, Competition, Forecast & Opportunities, 2028F,”  the Saudi Arabia Furniture Market was valued at USD6.40 billion in 2022 is forecast to grow at an impressive CAGR of  8.46% in the forecast period due to rapid change in purchasing pattern and rising preference for customized furniture. The market's growth is stimulated by increasing construction activities, increasing marketing and distribution channel, rising home ownership, and changing consumer preference. The demand for furniture in the projected period will likely register sustainable growth due to growing demand for smart as well as luxury furniture.  Growing demand for residential real estate, real estate development, and government initiatives to improve th

Saudi Arabia Furniture Market to Reach USD 9.35 Billion by 2027

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  Increasing product innovations by market players along with the rising disposable income are expected to fuel the Saudi Arabia furniture market through the forecast period According to TechSci Research report, “ Saudi Arabia Furniture Market  – By Region, Competition Forecast and  Opportunities, 2027 ”  Saudi Arabia Furniture market was valued at USD 5.94 billion in 2021 and is predicted to grow at CAGR of 7.95% through 2027. The Saudi Arabia furniture market is driven by an increase in residential property demand, real estate development, and government initiatives to build economic infrastructure. The economic agenda started by the Saudi Arabian to wean the country’s economy from oil dependency aims to provide house ownership to more than 70% of the families till 2030. According to a report the Saudi Vision 2030 will result into USD1 Trillion of investment from international investors. Moreover, in Saudi Arabia, where having luxury furniture is seen as a sign of social standing and