Outdoor Furniture - Bahrain

Bahrain

The revenue generated in the Outdoor Furniture market in Bahrain amounts to €27.98m in 2024.
It is projected that the market will experience an annual growth rate of 0.38% from 2024 to 2029 (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in this segment, reaching €16,940m in 2024.
In terms of per capita figures, each person in Bahrain contributes €18.67 to the total revenue in 2024.
The demand for outdoor furniture in Bahrain has been steadily increasing, as residents embrace the country's warm climate and desire for outdoor living spaces.

Key regions: Brazil, China, France, India, Germany

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Outdoor Furniture market in Bahrain has been experiencing steady growth in recent years.

Customer preferences: Bahraini consumers have shown a growing interest in outdoor living spaces, which has led to an increased demand for outdoor furniture. With the country's warm climate and a strong culture of outdoor socializing, Bahrainis are increasingly investing in creating comfortable and stylish outdoor spaces. They are looking for furniture that is durable, weather-resistant, and aesthetically pleasing. Additionally, there is a preference for furniture that can be easily cleaned and maintained, as well as furniture that offers versatility and can be easily rearranged or stored when needed.

Trends in the market: One of the key trends in the outdoor furniture market in Bahrain is the growing popularity of eco-friendly and sustainable materials. Consumers are becoming more conscious of their environmental impact and are actively seeking furniture made from recycled or renewable materials. This trend is driven by a desire to reduce waste and promote sustainability. Another trend in the market is the increasing demand for multifunctional outdoor furniture. Bahraini consumers are looking for furniture that serves multiple purposes and can be easily transformed to suit different occasions or spaces. For example, modular furniture that can be rearranged to create different seating arrangements or dining setups is gaining popularity.

Local special circumstances: Bahrain's vibrant tourism industry plays a significant role in driving the demand for outdoor furniture. The country attracts a large number of tourists who visit for its beautiful beaches, outdoor attractions, and luxury resorts. This has created a demand for high-quality outdoor furniture in hotels, resorts, and other hospitality establishments. Additionally, the government's efforts to promote Bahrain as a tourist destination have further contributed to the growth of the outdoor furniture market.

Underlying macroeconomic factors: Bahrain's strong economic growth and increasing disposable incomes have also played a role in the development of the outdoor furniture market. As the economy continues to expand, consumers have more purchasing power and are willing to invest in enhancing their outdoor living spaces. Additionally, the government's focus on infrastructure development and urban planning has created opportunities for the growth of the outdoor furniture market. New residential and commercial projects often include outdoor spaces that require furniture, further driving the demand. In conclusion, the Outdoor Furniture market in Bahrain is experiencing growth due to customer preferences for durable and stylish furniture, the trend towards eco-friendly and multifunctional designs, the influence of the tourism industry, and the country's strong economic growth. These factors have created a favorable environment for the development of the market, and it is expected to continue growing in the coming years.

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 categorized by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen & Dining room, Outdoor, Home Office, and Baby & Children's Furniture. The Furniture market also includes Lamps and Lighting and Home Décor because the furnishings and accessories within these categories 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.