Saudi Arabia Home Furniture Market Outlook 2030: Leading Companies & Share Insights
Saudi Arabia Home Furniture Market Size & Insights
According to MarkNtel Advisors study The future of Saudi Arabia Home Furniture Market is projected to grow at a CAGR of around 7.4% during the forecast period, i.e., 2024-30. An increase in industrialization & urbanization in Saudi Arabia has positively affected the consumption behaviors of its residents, expanding luxury goods, furniture, and other items of personal consumption. This phenomenon aided the revenue growth of the Home Furniture market during the historical years.
What are the Key Driver in the Saudi Arabia Home Furniture Market?
Expansion in the Residential Sector to Impel the Furniture Demand - The increasing real estate development projects as well as the growing demand for residential property in Saudi Arabia has infused the growth of home furniture in the country. Moreover, the government of Saudi Arabia has taken several initiatives, such as the Housing Program Vision 2030, the Sakani Program, and the Ministry of Housing Infrastructure Program,…