The market is dominated by domestic suppliers, as imports account for 4.8% of total market size in 2023. Investments drive market demand, with investments representing 61.1% of total demand in 2023. Saudi Arabia has the largest market size for furniture regionally, with demand reaching USD31.0 billion in 2023. Global Marketing Co For Sleeping Systems Ltd is the largest company in Saudi Arabia, generating 1.6% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 3.5% of total production value in 2023. The total number of companies decreases in 2023, to 9,453 units. The costs of the industry decrease by 7.3% in 2023, largely driven by declining B2B costs. The industry’s profitability increases and stands at 41.1% of production value in 2023, the highest regionally. With production value of USD6.7 billion, Saudi Arabia accounts for 35.6% of the Middle East and North Africa total in 2023.
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This Euromonitor industrial report provides unique information on Furniture in Saudi Arabia: ISIC 361. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Furniture in Saudi Arabia: ISIC 361 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Household Goods is an aggregation of Furniture, Jewellery and Related Articles, Musical Instruments; Imitation Jewellery, Brushes and Other Personal Items, Sports Goods, Toys and Games, Watches and Clocks.
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