Saudi Arabia Kitchen Furniture Market Size
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | 10.20 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Saudi Arabia Kitchen Furniture Market Analysis
The Saudi Arabia Kitchen Furniture market has generated gross revenue of USD 680 million in the current year and is poised to register a CAGR of more than 10.2% for the forecast period.
The abrupt post-COVID-19 pandemic has drastically altered the kitchen furniture sector. After the pandemic, commercial works also started, and with this, there's an increment in the revenue from the kitchen furniture market. People are out, traveling, and going to work so commercial kitchens in hotels and restaurants also help to grow the market. Saudi Arabia, which relies heavily on imports for its furniture, has been severely impacted by supply chain delays and the temporary restriction on global trade.
The kitchen is a commonly utilized area in the house and is regarded as the home's central hub. As Saudi Arabian families get smaller and individuals live in smaller apartments, there is an increasing need to maximize space efficiency, which leads to an increase in the demand for kitchen equipment. Kitchens are made up of a variety of cabinets and fixtures that are organized in a systematic way to maximize the utilization of kitchen space.
The Saudi Arabian kitchen furniture sector has grown to be one of the most vibrant and fastest-growing in the Gulf Cooperation Council (GCC). The country's real estate market is being driven by a growing number of real estate developments and rising demand for residential property, as well as government attempts to expand socioeconomic infrastructure. The demand is addressed by importing furniture products since local producers are experiencing a shortage of raw materials and parts essential for making kitchen furniture products. Foreign players' increasing interest and investment, whether to expand their presence or expand into new emirates, is boosting the country's kitchen furniture business. The demand for online furniture is expanding as internet penetration rises.
The media has also played a significant role in the growing demand for furniture. Consumers can acquire new and unique ideas for redecorating their homes from a variety of TV shows and periodicals that focus on kitchen furnishings. E-commerce has played a crucial role in the promotion and advertising of furniture products across the country. In Saudi Arabia, the summer season is popular among buyers for kitchen design because of many events, such as weddings and the start of Ramadan. Most kitchen items in Saudi Arabia are imported from other countries, with prices determined by the overall design of the kitchen.
Saudi Arabia Kitchen Furniture Market Trends
Rising Housing Construction Helping to boost the Market
The kitchen furniture market is growing due to the construction sector growth in Saudi Arabia. The construction industry in Saudi Arabia is expected to grow in the next few years as the nation's population continues to grow. As the population continues to grow, so does the need for infrastructure and housing. As a result, the construction industry is expected to grow over the next few years. The demand for kitchen furniture is driven by residential and foreign buyers who are investing in modern and innovative residential apartments.
Distribution Through e-Commerce is Likely to Grow at a Faster Rate
Saudi Arabia is emerging as the hub for e-commerce in the Middle East and North Africa (MENA) region. Due to increased mobile penetration and technological advancements such as big data and artificial intelligence, Saudi Arabia has shown a significant interest in online buying; in the hot climate of Saudi Arabia, convenience is the primary driver of internet growth. Because of the easy transportation offered by market giants like Amazon, Danube, and Ikea, the number of internet users in the country is expanding. People are using the online channel to order kitchen cabinets and other things. However, the offline segment continues to dominate the market; people prefer to shop in physical stores and design their kitchens in showrooms. Contractors have an impact on the Saudi Arabian market's kitchen designs as well.
Saudi Arabia Kitchen Furniture Industry Overview
The market for kitchen furniture in Saudi Arabia is mildly fragmented, with several local and international companies. The demand for Italian and German kitchen furniture makers is growing in popularity. Most of the players produce outside of Saudi Arabia. Some of the key players in the Saudi Arabia Kitchen Furniture market are Ikea, Saudi Kitchen Line Company, Snaidero, AlKhaleejion Kitchens, Pedini, Oakcraft Kitchen Cabinets, Kitchen Net, Al Joaib Group, KAFCO Kitchens, Al Farsi Aluminum Kitchens, and Other prominent players.
Saudi Arabia Kitchen Furniture Market Leaders
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Saudi Kitchen Line Company
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Ikea
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Pedini
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Oakcraft Kitchen cabinets
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KAFCO Kitchens
*Disclaimer: Major Players sorted in no particular order
Saudi Arabia Kitchen Furniture Market News
- May 2023: Gabriele Centazzo developed Valcucine's Riciclantica kitchen furniture series, which is based on the notion of dematerialization, which tries to decrease the quantity of material used while achieving flight and lightness. The series includes an aluminum frame and a 2mm-thick door that saves up to 85% of the material used in standard doors.
- April 2023: IKEA launched its new collection, the ÖMSESIDIG collection. This new limited-edition collection is all about enjoying the wonderful things in life, such as food, friends, family, and fun. It has everything customers need for easy entertaining at home.
Saudi Arabia Kitchen Furniture Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Durable & functional Products
4.2.2 Boom in Real-Estate
4.3 Market Restraints/ Challenges
4.3.1 Continuous Change in Prefrences of Consumers
4.4 Market Opportunities
4.4.1 Technological Advancements in Kitchen Furniture Market
4.5 Value Chain/ Supply Chain Analysis
4.6 Porter's Five Forces Analysis
4.6.1 Bargaining Power of Buyers/ Consumers
4.6.2 Bargaining Power of Suppliers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
4.7 Insights on Consumer Buying Behavior in Saudi Arabia Kitchen Furniture Market
4.8 Insights on Technological Disruption in Saudi Arabia Kitchen Furniture Market
4.9 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Furniture Type
5.1.1 Kitchen Cabinets
5.1.2 Kitchen Chairs
5.1.3 Kitchen Tables
5.1.4 Other Furniture Types
5.2 By Distribution Channel
5.2.1 Supermarkets and Hypermarkets
5.2.2 Specialty Stores
5.2.3 e-Commerce
5.2.4 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Saudi Kitchen Line Company
6.2.2 Snaidero
6.2.3 AlKhaleejion Kitchens
6.2.4 Pedini
6.2.5 Oakcraft Kitchen cabinets
6.2.6 Kitchen Net
6.2.7 Al Joaib Group's
6.2.8 KAFCO Kitchens
6.2.9 Al Farsi Aluminum Kitchens
6.2.10 Ikea*
- *List Not Exhaustive
7. FUTURE TRENDS IN THE MARKET
8. DISCLAIMER
Saudi Arabia Kitchen Furniture Industry Segmentation
Kitchen furniture is the furniture that is installed in a kitchen to store food, cooking utensils, silverware, and utensils for table service, etc. Kitchen appliances such as Fridges, Dishwashers, and Ovens are often included in kitchen cabinetry. The Saudi Arabia Kitchen Furniture Market is segmented by Type (Kitchen Cabinets, Kitchen Chairs, Kitchen Tables, and Other Types) and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, e-commerce, and Other Distribution Channels). The report offers Market size and forecasts for Saudi Arabia's Kitchen Furniture Market in value (USD) for all the above segments.
By Furniture Type | |
Kitchen Cabinets | |
Kitchen Chairs | |
Kitchen Tables | |
Other Furniture Types |
By Distribution Channel | |
Supermarkets and Hypermarkets | |
Specialty Stores | |
e-Commerce | |
Other Distribution Channels |
Saudi Arabia Kitchen Furniture Market Research FAQs
What is the current Saudi Arabia Kitchen Furniture Market size?
The Saudi Arabia Kitchen Furniture Market is projected to register a CAGR of 10.20% during the forecast period (2024-2029)
Who are the key players in Saudi Arabia Kitchen Furniture Market?
Saudi Kitchen Line Company, Ikea, Pedini, Oakcraft Kitchen cabinets and KAFCO Kitchens are the major companies operating in the Saudi Arabia Kitchen Furniture Market.
What years does this Saudi Arabia Kitchen Furniture Market cover?
The report covers the Saudi Arabia Kitchen Furniture Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Saudi Arabia Kitchen Furniture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Saudi Arabia Kitchen Furniture Industry Report
Statistics for the 2024 Saudi Arabia Kitchen Furniture market share, size and revenue growth rate, created by ÌÇÐÄvlog´«Ã½â„¢ Industry Reports. Saudi Arabia Kitchen Furniture analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.