Outdoor Furniture - Saudi Arabia

Saudi Arabia

The Outdoor Furniture market in Saudi Arabia is projected to generate revenue of €0.60bn in 2024.
It is expected to experience an annual growth rate of 0.00% (CAGR 2024-2029).
When compared to other countries worldwide, in the United States leads in terms of revenue generation, with earnings of €16,940m in 2024.
In relation to the total population, the per person revenues in Saudi Arabia amount to €16.09 in 2024.
The demand for outdoor furniture in Saudi Arabia is driven by the country's warm climate and the growing popularity of outdoor living spaces.

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

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Región

Comparación de regiones

Moneda

Analyst Opinion

The Outdoor Furniture market in Saudi Arabia has been experiencing significant growth in recent years.

Customer preferences: Saudi Arabian customers have shown a growing interest in outdoor living spaces, which has led to an increased demand for outdoor furniture. This can be attributed to several factors. Firstly, the hot climate in Saudi Arabia encourages people to spend more time outside, especially during the cooler evenings. As a result, there is a higher demand for comfortable and stylish outdoor furniture that can withstand the harsh weather conditions. Additionally, the growing trend of outdoor entertaining and dining has also contributed to the increased demand for outdoor furniture in the country.

Trends in the market: One of the key trends in the Outdoor Furniture market in Saudi Arabia is the shift towards more sustainable and eco-friendly products. With a growing awareness of environmental issues, Saudi Arabian customers are increasingly looking for outdoor furniture made from recycled or sustainable materials. This trend is driven by the desire to reduce waste and minimize the environmental impact of their purchases. As a result, manufacturers and retailers in the country are focusing on offering a wider range of eco-friendly outdoor furniture options to cater to this demand. Another trend in the market is the increasing popularity of modular outdoor furniture. Saudi Arabian customers are looking for versatile and flexible outdoor furniture that can be easily rearranged to suit their changing needs. Modular furniture allows customers to create different seating arrangements and configurations, making it ideal for outdoor spaces of all sizes. This trend is driven by the desire for customization and flexibility in outdoor furniture.

Local special circumstances: Saudi Arabia has a unique cultural and social context that influences the Outdoor Furniture market in the country. The traditional Saudi Arabian lifestyle revolves around family and social gatherings, which often take place in outdoor settings. This cultural emphasis on outdoor living spaces has contributed to the growth of the Outdoor Furniture market in the country. Additionally, the increasing number of expatriates in Saudi Arabia has also had an impact on the market. Expatriates from different countries bring their own preferences and styles, leading to a diverse range of outdoor furniture options in the market.

Underlying macroeconomic factors: The growth of the Outdoor Furniture market in Saudi Arabia can be attributed to several macroeconomic factors. Firstly, the strong economic growth in the country has resulted in higher disposable incomes, allowing consumers to spend more on outdoor furniture. Additionally, the government's efforts to diversify the economy and promote tourism have also had a positive impact on the Outdoor Furniture market. The development of new tourist destinations and the increasing number of hotels and resorts in the country have created a demand for outdoor furniture in the hospitality sector. Furthermore, the government's focus on promoting domestic manufacturing and reducing dependence on imports has also led to the growth of the Outdoor Furniture market, as local manufacturers are able to offer competitive prices and a wide range of products.

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.