Insights into GCC Furniture Rental Market (2024-2030): Size, Trends, Demand Growth, and Future Industry Prospects

MarkNtel Advisors who is leading market research company, has recently published a research report, titled“GCC Furniture Rental Market”. The report is estimated historical data, base year and forecast period and the projections are made for the next five years, i.e., 2024-30. The data, facts, and figures are sourced from reliable platforms, including government portals, white papers, and others.

For a better understanding to download a free sample PDF of this study – https://www.marknteladvisors.com/query/request-sample/gcc-furniture-rental-market.html

Market Study Period

Historical Data: 2019-22

Base Year: 2023

Forecast Period: 2024-30

CAGR (2024-2030): 7.35%

GCC Furniture Rental Market Insights:

GCC Furniture Rental Market is estimated to grow at a CAGR of around 7.35% during the forecast period, i.e., 2024-30, due to the significant construction of hotels, multi-cuisine restaurants, resorts, etc. The report covers each and every aspect of the market in detail, offering actionable insights to the stakeholders. We extensively cover key trends, opportunities, possible challenges, and major growth drivers for the industry. The report also highlights the role and involvement of governments and other relevant factors that promote market growth.

GCC Furniture Rental Market Drivers:

Positioning of GCC as an Event Hub to Promote the Furniture Rental Market – The GCC region has long been a global hub for hosting & organizing major international events. With the rise of the UAE, Saudi Arabia, Qatar, etc., as an event hub, the number of furniture rental companies has increased across the region. Hosting numerous events, conferences, trade shows, and exhibitions in the GCC requires a vast amount of event furniture, including seating, booths, tables, and décor. Event organizers opt for furniture rental to create visually appealing and functional event spaces. Thus, upcoming events are acting as a driving force for equipment rental companies, opening up a massive potential market for furniture rental companies across the GCC region.

Furthermore, the UAE, Saudi Arabia, Qatar, etc., government is pushing its capabilities to increase the number of events held in the country each year. For instance, the DBE (Dubai Business Events) captured around 120 events in 2021 and now plans to capture over 400 global events in 2025. Such initiatives for substantial growth in the event sector increase the market size of outdoor furniture and it is anticipated to elevate the GCC Furniture Rental Market in the coming years.

Explore the Complete GCC Furniture Rental Market Analysis Report – https://www.marknteladvisors.com/research-library/gcc-furniture-rental-market.html

Which segments are covered in the GCC Furniture Rental Market Research Report?

  • By Product Type
    • Indoor Furniture
      • Bedroom Furniture
      • Dining Furniture
      • Office Furniture
      • Kitchen Furniture
      • Living Room Furniture
      • Storage Furniture
    • Outdoor Furniture
  • By Type of Furniture
    • Bed
    • Sofa & Couch
    • Table & Desk
    • Chair & Stool
    • Wardrobes & Dresser
    • Others (Nightstand, storage benches, etc.)
  •  By Material
    • Wood
    • Plastic
    • Others (Leather, Glass, Metal, etc.)
  • By End-Users
    • Residential
    • Offices
    • Healthcare Sector
    • Retail
    • Others (Government Agencies, Entertainment sector, etc.)
  • By Country
    • The UAE
    • Saudi Arabia
    • Oman
    • Qatar
    • Kuwait
    • Bahrain

Top 10 Key Brands/Players in the GCC Furniture Rental Market

Our analysts have closely analyzed leading players within the industry, providing stakeholders with valuable insights into the competitive landscape. This enables them to formulate strategic tactics based on the comprehensive data compiled in the report. The information encompasses recent developments, mergers and acquisitions, product/service launches, expansion plans, and revenue-generating opportunities. Notable entities featured in the report include:

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

For a Customized Analysis Report, Just Drop Your Inquiry Here – https://www.marknteladvisors.com/query/request-customization/gcc-furniture-rental-market.html

Frequently Asked Questions

  1. Which companies dominate the GCC Furniture Rental Market in terms of market share?
  2. What is the projected market size of GCC Furniture Rental Market in 2030?
  3. What key factor is anticipated to propel the GCC Furniture Rental Market by 2030?
  4. How big is the GCC Furniture Rental Market?

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  3. https://www.bizmakersamerica.org/blog/smart-toys-market-growth-to-hit-15-4-cagr-globally-by-2030-exclusive-report-by-markntel-advisors-market-research
  4. https://www.superalimentos.pro/future-outlook-of-smart-toys-market-growth-drivers-demand-trends-15-4-cagr-projection-by-2030/
  5. https://viralle.online/2024/02/01/smart-toys-market-poised-for-remarkable-15-4-cagr-ascension-by-2030/
  6. https://buzz10.com/audiobooks-market-exceeds-usd-6-7-billion-in-2023-projected-to-surge-with-25-5-cagr-by-2029/

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