GCC Furniture Rental Market

GCC Furniture Rental Market Surges with a Robust 7.35% CAGR in 2024-30 Forecast

Market Overview: GCC Furniture Rental Market

MarkNtel Advisors, a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on the GCC Furniture Rental Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.

GCC Furniture Rental Market Insights 2024-30

GCC Furniture Rental Market is estimated to grow at a CAGR of around 7.35% during the forecast period, i.e., 2024-30.

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Top Players in the GCC Furniture Rental Market:

  • AREEKA
  • Arena Group PLC
  • Innovative Hiring
  • Style Works
  • Risala Furniture
  • CORT
  • Chapter One
  • Indigo Living Limited
  • Lafeef
  • The Furniture Rental Company
  • Others

Segmentation Analysis of GCC Furniture Rental Market

GCC Furniture Rental Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

-By Material

  • Wood
  • Plastic
  • Others (Leather, Glass, Metal, etc.)

During 2019-2023, the demand for wood-based rental furniture witnessed considerable growth in the GCC Furniture Rental Market. Wooden furniture offers customization to match specific interior design requirements as compared to others. Rental providers offer different wood finishes and styles to meet customer preferences and the overall aesthetic of the rental property.

Furthermore, wooden sofas, couches, and chairs are often equipped with plush cushions and upholstery, combining style with comfort. This makes wood-based seating ideal for rental properties where both aesthetics and comfort are essential. Hence, due to such factors, business organizations need wooden furniture for temporary furnished office spaces used for short-term projects, meetings, or conferences, which is further anticipated to enhance the market size during 2024-2030.

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-By Product Type

  • Indoor Furniture- Market Size & Forecast 2019-2030, (USD Million)
  • Outdoor Furniture- Market Size & Forecast 2019-2030, (USD Million)

-By Type of Furniture

  • Bed- Market Size & Forecast 2019-2030, (USD Million)
  • Sofa & Couch- Market Size & Forecast 2019-2030, (USD Million)
  • Table & Desk- Market Size & Forecast 2019-2030, (USD Million)
  • Chair & Stool- Market Size & Forecast 2019-2030, (USD Million)
  • Wardrobes & Dresser- Market Size & Forecast 2019-2030, (USD Million)
  • Others (Nightstand, storage benches, etc.)- Market Size & Forecast 2019-2030, (USD Million)

-By End-Users

  • Residential- Market Size & Forecast 2019-2030, (USD Million)
  • Offices- Market Size & Forecast 2019-2030, (USD Million)
  • Healthcare Sector- Market Size & Forecast 2019-2030, (USD Million)
  • Retail- Market Size & Forecast 2019-2030, (USD Million)
  • Others (Government Agencies, Entertainment sector, etc.)- Market Size & Forecast 2019-2030, (USD Million)

A Comprehensive Geographical Analysis:

-By Country

  • The UAE
  • Saudi Arabia
  • Oman
  • Qatar
  • Kuwait
  • Bahrain

The UAE dominates the GCC Furniture Rental Market with a considerable share during the period of 2019-2023. The UAE, particularly the major cities such as Abu Dhabi and Dubai, has substantial progression in the hospitality sector as the country is the hub for the major events relating to the cooperate conferences and the international sports. For instance, entities like ADNEC (Abu Dhabi National Exhibition Company), are strategizing for the expansion of the infrastructures, aiming to attract and hold the majority of the international events in the UAE regions. This expansion for the uplifting the national and international events in the UAE upsurges the demand for rental furniture based on the themes and demand of the diverse events.

In addition, the surging government initiatives for digitization of the healthcare sector have fueled the establishment of smart hospitals in the country. The country’s economic diversification plan also includes medical tourism as a core component of the Abu Dhabi Economic Vision 2030 plan. Based on all these factors the UAE is dominating the GCC Furniture Rental Market and expected to hold leading position in the coming years as well.

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