NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2010/12/27 - The household furniture market in Saudi Arabia is expected to grow at a CAGR of around 9.2% during 2011-2013, says RNCOS in its latest research report.
Saudi Arabian furniture industry has emerged as a fast growing and highly untapped industry during the past few years. With the entry of a number of real estate developers and increasing demand for residential property, the housing industry has witnessed tremendous growth in the past. This has infused growth in the household furniture market of Saudi Arabia. According to our research report “Saudi Arabia Furniture Market Analysis”, various emerging trends in this product category will lead to a CAGR growth of around 9.2% during 2011-2013. Our study has discussed these trends and factors that are expected to drive the market in future.
We have also identified the main product categories, which are leading the household furniture market in the Kingdom. Our study also shows that some alternative materials are used in view of environmental concerns to reduce the consumption of wood. Our research reveals that office furniture segment has also witnessed growth during the past few years with country’s trail to diversify its GDP in non-oil sectors. Further growth in this segment will be led by various economic cities development along with MNC’s business expansion in various regions of the Kingdom.
At present, furniture production is skewed towards household segment and office furniture’s account for a low but growing share. The futuristic trend in furniture production is very much balanced. Various economic cities construction in the Kingdom will constitute Million’s Sq m of commercial and residential space in future. Our research report provides an analysis on office furniture and household furniture demand potential along with the factors that are contributing growth in these segments.
“Saudi Arabia Furniture Market Analysis” facilitates information and statistics of furniture industry structure, production trends, demand scenario, and import-export developments. The report provides segment wise furniture production and demand forecast to facilitate cutting edge market intelligence. Additionally, current and futuristic trends on Interior Design Contracting and Fit-out Industry spending have been included for the retail, office, residential, and hotels sectors. Most importantly, the report has also analyzed regulatory environment and consumer behavior.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.