Saudi Arabia Furniture Market Overview

Market Size in 2024 : USD 6.5 Billion

Market Size in 2033: USD 11.3 Billion

Market Growth Rate 2025-2033: 6.3%

According to IMARC Group's latest research publication,"Saudi Arabia Furniture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", Saudi Arabia furniture market size reached USD 6.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 11.3 Billion by 2033, exhibiting a growth rate (CAGR) of 6.3% during 2025-2033.

Growth Factors in the Saudi Arabia Furniture Market

• Rapid Urbanization and Real Estate Development

Saudi Arabia’s rapid urbanization is a key driver of the furniture market, with cities like Riyadh and Jeddah expanding to accommodate a growing population. Government initiatives, such as the Saudi Housing Program, aim to increase homeownership, boosting demand for residential furniture. For example, the construction of mega-projects like NEOM and the Red Sea Project has spurred the need for both residential and commercial furnishings. As new homes, apartments, and office spaces emerge, consumers are investing in stylish and functional furniture, creating opportunities for retailers like IKEA and local players like Saudi Modern Factory to meet this rising demand.

• Rising Disposable Incomes and Consumer Spending

Increasing disposable incomes among Saudi Arabia’s middle and affluent classes are fueling higher spending on home furnishings. With economic diversification efforts under Vision 2030, more Saudis are employed in non-oil sectors, enhancing their purchasing power. Consumers are opting for premium and luxury furniture to reflect their lifestyle and status. For instance, high-end brands like Fendi Casa, which opened a flagship showroom in Riyadh in 2024, cater to this growing affluent segment. This shift is encouraging retailers to offer diverse product ranges, from budget-friendly to bespoke designs, to capture a broader market.

• Growth of the Hospitality and Tourism Sector

The booming hospitality sector, driven by Vision 2030’s focus on tourism, is significantly boosting the furniture market. The development of luxury hotels, resorts, and entertainment venues requires high-quality, durable furniture. For example, Hilton Worldwide’s plan to expand to over 60 hotels by 2030 highlights the need for commercial furniture to meet international standards. This trend benefits manufacturers like Almutlaq Furniture, which supplies hospitality-grade furnishings. Additionally, the influx of international tourists has increased demand for culturally inspired furniture, blending traditional Arabian designs with modern aesthetics, further stimulating market growth.

Key Trends in the Saudi Arabia Furniture Market

• Rising Demand for Eco-Friendly and Sustainable Furniture

Sustainability is gaining traction in Saudi Arabia’s furniture market as consumers become more environmentally conscious. Shoppers are prioritizing furniture made from recycled, biodegradable, or sustainably sourced materials, such as reclaimed wood and organic fabrics. Brands like IKEA have introduced eco-friendly collections, emphasizing low-impact finishes and recyclable materials. This trend aligns with global sustainability efforts and appeals to younger, eco-aware consumers. Local manufacturers are also innovating, with companies like Matanah Furniture Factory incorporating sustainable practices to meet demand, enhancing their brand appeal and fostering long-term market growth.

• Growth of E-Commerce and Digital Retail Platforms

The rise of e-commerce is transforming the Saudi furniture market, offering consumers convenience and access to a wide range of products. Online platforms like Baytonia and international giants like Amazon have expanded their furniture offerings, catering to tech-savvy shoppers. For example, Baytonia’s recent funding round in 2023 enabled it to enhance its online customer experience and product variety. This digital shift allows retailers to reach remote areas and expatriate communities, while features like 3D visualization and AR tools enhance the online shopping experience, driving sales and market accessibility.

• Preference for Multifunctional and Modular Furniture

Saudi consumers, particularly in urban areas, are increasingly opting for multifunctional and modular furniture to maximize space in smaller apartments and homes. Products like sofa beds, extendable dining tables, and storage-integrated beds are popular for their versatility. For instance, retailers like Home Centre have reported strong sales of modular furniture that adapts to modern lifestyles. This trend is driven by the needs of young professionals and expatriates who value space efficiency and aesthetic appeal, encouraging manufacturers to innovate with designs that blend functionality, style, and cultural elements.

Download a sample PDF of this report: https://www.imarcgroup.com/saudi-arabia-furniture-market/requestsample