DUBLIN, September 21, 2021--(BUSINESS WIRE)--The "Saudi Arabia Office Furniture Market, By Product Type (Chairs, Desks, Filing Cabinets & Lockers, Others (Workstations, Conference Tables, etc.) By Raw Material, By Price Range, By Supply, By Distribution Channel, By Region, Competition Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.
Saudi Arabia office furniture market is bound to experience impressive CAGR in the forecast period, 2022-2026, on the account of rapidly expanding business environment and office culture.
The increased number of renovation and modification projects is expected to increase the market growth in the upcoming five years. Moreover, favorable trades like the country's supply chain for the office furniture and favorable government policies are supporting the market growth in the upcoming five years.
Also, foreign direct investments and trade relaxations have aided in the rapidly increasing number of multinational and global companies in the country. The technological advancements brought by the foreign companies are major driving factors for the growth of the Saudi Arabia office furniture market in the next five years.
Additionally, with increasing demand for better office infrastructure and decor the market is booming in the recent years and is anticipated to continue with the growth in the further five years in future. Another surge in the demand for the office furniture is put forth by increasing number of corporate offices and rapid construction of IT parks and commercial zones in the country which is also aiding the growth of the Saudi Arabia office furniture market in the forecast period until 2026.
The Saudi Arabia office furniture market is segmented by product type, raw material, price range, supply, distribution channel, competitional landscape, and regional distribution. Based on product type, the market is further bifurcated into chairs, desks, filing cabinets & lockers, others (workstations, conference tables, etc.).
Chairs and desks are anticipated to hold the larger revenue shares of the market and dominate the market segment on the account of rising demand for office furniture as well as rapidly increasing office infrastructure.
Based on raw material, the market is further segmented into wood, metal, plastic, others (bamboo, cane, etc.). Wood is anticipated to hold the largest revenue shares of the market and dominate the market segment on the account of age old traditions of having wooden furniture.
The market players hold large shares of the market than the new market players. With the evolving technology, it is appropriate to say that the effective research and development of the technologically advanced instruments and methods to satisfy consumer demands would support the market growth and benefit the market players as well as the consumers.
New market players may focus on the research and development to provide products and services that satisfies the consumer demand as well as benefits the market players in building their brand value. Other competitive strategies include mergers & acquisitions and new product developments.
Market players in the Saudi Arabia office furniture market include
Midas International General Trading Company
Saudi Modern Factory Co
Al Sharq Furniture Est
Habitat Furniture Co Limited
Riyadh Furniture Industries Company (RFI), Saudi Arabia
AL Rugaib Furniture
Advanced Office systems Factory Ltd Co
Jedaie Office Furniture
Wardeh Salehiya Est
Home Center (Retail World Limited)
IKEA - Saudi Arabia
Al Abdulkader Furniture Co Ltd
Arabian Furniture and Design Company (Hermann Miller)
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2026
Saudi Arabia Office Furniture Market, By Product Type:
Filing Cabinets & Lockers
Saudi Arabia Office Furniture Market, By Raw Material:
Saudi Arabia Office Furniture Market, By Price Range:
Saudi Arabia Office Furniture Market, By Supply:
Saudi Arabia Office Furniture Market, By Distribution Channel:
Furniture Retail Outlets
Saudi Arabia Office Furniture Market, By Region:
Northern & Central
For more information about this report visit https://www.researchandmarkets.com/r/c9mk1r
View source version on businesswire.com: https://www.businesswire.com/news/home/20210921005536/en/
Laura Wood, Senior Press Manager
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