new york, January 21, 2025 /PRNewswire/ — Report on AI-powered market evolution – The size of the Middle East luxury furniture market is… $401.7 million According to Technavio, from 2025 to 2029. The market is estimated to grow at a CAGR of 4.2% during the forecast period. Increase in office space is driving the market growth, trending towards increasing acceptance and demand for environment-friendly products. However, as furniture rentals have become more popular, challenges have arisen. Key market players include Anna Casa Ltd., Auraliving, B and B Italia SPA, Boca Do Lobo, DelightFULL, Giorgio Armani SpA, Haworth Inc., Inter IKEA Holding BV, Lazzoni Furniture, Luma Inc., LVMH Moët Hennessy Louis Louis Vuitton SE, MillerKnoll Inc., Minotti SpA, Natuzzi SpA, Next Space LLC, Pan Emirates Home Furnishings, Poltrona Frau Spa, Scavolini Spa, Workspace.
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Middle East Range Luxury Furniture Market
Report scope
detail
base year
2024
historical era
2019-2023
Forecast period
2025-2029
Growth momentum and CAGR
Accelerating at a CAGR of 4.2%
Market growth 2025-2029
$401.7 million
market structure
fragmented
YoY growth rate (%) for 2022-2023
4.0
regional analysis
middle east
Contribute to the market
100% Middle East
Major countries
Saudi Arabia, UAE, Kuwait, Oman, and other Middle East countries
Introduction of major companies
Anna Casa Ltd., Auraliving, B and B Italia SPA, Boca Do Lobo, DelightFULL, Giorgio Armani SpA, Haworth Inc., Inter IKEA Holding BV, Lazzoni Furniture, Luma Inc., LVMH Moët Hennessy Louis Vuitton SE, MillerKnoll Inc., Minotti SpA, Natuzzi SpA, Next Space LLC, Pan Emirates Home Furnishings, Poltronafrau Spa, Scavolini Spa, Workspace
market drivers
of middle east The luxury furniture market is thriving, with trends in lighting, tables, chairs and sofas, accessories, and more. High-quality materials such as metal, glass, and wood are popular for luxury furniture. Home renovation and decoration are driving demand in the residential and commercial sectors, and real estate development and markets are influencing the luxury furniture industry. Fluctuations in oil prices affect personal consumption. Tech-savvy consumers are demanding automation and digitization for a personalized shopping experience. Wood and leather, aesthetics and durability are important factors. The main areas of focus are the bedroom, kitchen, living room, and office. RTAs, chairs, sofas, beds and multifunctional furniture are in demand. Schools, homes, offices, hotels and restaurants require luxurious interior furniture. Online sales at home centers, flagship stores, specialty stores, e-commerce sites, etc. are increasing. Home décor, online retail and product design are also important. New trends include plastic and outdoor furniture, bathrooms and hospitality sectors. A comfortable and smart device is an essential feature. Marketing campaigns and social media platforms are essential to reaching consumers. The residential and commercial sectors dominate, with online and offline sales equally important.
The luxury furniture market is middle east is growing due to the increasing demand for eco-friendly furniture. This trend is driven by the benefits of reducing waste generation, deforestation, and environmental pollution. Recycled or reclaimed furniture is becoming increasingly popular as it helps reduce landfill and the need to produce new furniture. The need for eco-friendly furniture is evident as it cleans the air, reduces environmental impact, and contributes to increasing forests and green spaces. Additionally, the nonprofit industry association has established guidelines for eco-friendly furniture suppliers and manufacturers in the region, reinforcing the importance of sustainable practices in the luxury furniture industry.
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market challenges
• middle east The luxury furniture market faces several challenges in different areas. The residential sector requires high-quality materials such as metal, glass, and wood for luxury furniture for home renovation and decoration. Commercial sectors such as offices, hotels, and schools prioritize durability and beauty in their furniture selection. Real estate developments and markets are affected by oil price fluctuations, which affect the demand for luxury interior furniture. Home centers and flagship stores specialize in residential use, while specialty stores focus on high-end furniture. Projects in the real estate sector and home centers offer sales opportunities both online and offline. Tech-savvy consumers prefer automation and digitization, leading to marketing campaigns on social media platforms. Multifunctional furniture, comfort and unique items are essential for any residential or corporate environment. Wood and leather are popular choices because of their durability and beauty. Bedrooms, kitchens, living rooms, and outdoor spaces are key areas where furniture is in high demand. Hospitality furniture, Ready-to-Assemble (RTA) furniture, and online retailing through e-commerce websites are growing trends. Upholstery, plastics and smart devices are also becoming more popular. This market faces competition from department stores, online sales, and e-commerce websites. Product designs cater to different segments such as kitchens, bathrooms, and outdoor spaces.
• Luxury furniture market middle east The growing trend of furniture rental among consumers is facing curbs. Urbanization has increased the demand for rental apartments and single-family homes, and many people now prefer renting furniture rather than buying it. Rental prices for sofas and beds are as follows. $26 Depending on the material, per month. This cost-effective alternative reduces switching costs and limits market growth.
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Segment overview
In this luxury furniture market, middle east The report extensively covers market segments such as:
Application 1.1 Residential 1.2 Commercial Distribution Channel Geographic Materials
1.1 Housing – Global luxury furniture market middle east is experiencing significant growth and the residential sector is expected to generate significant revenue compared to the commercial sector. This segment includes different types of furniture such as lounge chairs, ottomans, sofas, tables, outdoor seating, and dining chairs. Major companies such as MillerKnoll, IKEA, and Minotti dominate the luxury residential furniture industry. The growth of this sector is driven by the increasing demand for multi-functional, multi-purpose residential luxury furniture such as folding beds and extendable sofa sets. The luxury residential furniture market is segmented into living room, bedroom, dining, kitchen, and other furniture. Living room furniture includes recliner sofas, L-shaped sofas, lounge chairs, etc. New product launches are driving growth in this sector. The bedroom furniture segment consists of king and queen beds, wardrobes, and bedside tables. Frequent product launches are also fueling growth in this sector. The dining and kitchen furniture segment consists of dining tables, chairs, and kitchen cabinets. Regular product launches contribute to the growth of this sector. Finally, other luxury residential furniture application segments include outdoor furniture, children’s furniture, and wall shelves. The increasing demand for multi-functional luxury furniture among millennials is expected to further fuel the growth of the residential sector. middle east Luxury Furniture Market during the forecast period.
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research analysis
luxury furniture market middle east is a thriving industry known for its exquisite and high-end furniture. This market caters to both the residential and commercial sectors, with a focus on home improvement stores, flagship stores, and e-commerce websites. The product range spans lighting, tables, chairs, sofas, accessories, cabinets and different types of furniture for bedrooms, kitchens, bathrooms, offices, schools and outdoor spaces. Manufacturers and designers middle east To create these luxury furniture, we use a wide range of high-quality materials such as metal, glass, and wood to ensure a modern yet timeless aesthetic appeal. This marketplace also accommodates both RTA (Ready-to-Assemble) and non-RTA (Ready-to-Install) furniture, making it flexible for a variety of home renovation and decoration projects. The hospitality sector is an important consumer of luxury furniture, with hotels and restaurants looking to provide memorable experiences to their guests. Overall, the Middle East luxury furniture market offers a variety of products that cater to different needs and tastes, making it a noteworthy industry for furniture enthusiasts and professionals alike.
Market research overview
luxury furniture market middle east is a growing company focused on high-end products of lighting, tables, chairs and sofas, accessories, cabinets, and various other home furnishings. The region’s real estate developments and markets play an important role in driving the demand for luxury furniture, especially in the residential and commercial sectors. High-quality materials such as metal, glass, and wood are popular for their beauty and durability. Home renovation and decoration projects for homes, offices, hotels, restaurants, and schools stimulate the market. Tech-savvy consumers are demanding automation and digitalization of their furniture, leading to the rise of multifunctional and smart furniture. Marketing campaigns and social media platforms are essential tools for reaching consumers across the online and offline worlds. This market includes a mix of home improvement stores, flagship stores, and specialty stores, catering to various segments such as residential, commercial, office, hospitality, and school furniture. Fluctuations in oil prices affect the market, but the demand for luxury interior furniture remains strong. Online retailing through e-commerce websites and department stores is also gaining popularity, offering a personalized shopping experience. Upcoming trends include the use of plastic, living room, kitchen, outdoor, bathroom, and RTA furniture. Product design continues to evolve with a focus on comfort and unique items.
table of contents:
1 Overview
2 Market scenery
3 Determining market size
4 Past market size
5 Five Forces Analysis
6 Market segmentation
Application distribution channel geography material
7 Customer situation
8 Geographic Landscape
9 drivers, challenges and trends
10 Company scenery
11 Company analysis
12 Appendix
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Source Technavio
