1 / 3
30 likes | 45 Views
The Saudi Arabia market home du00e9cor is projected to have a considerable CAGR during the forecast period. Post-COVID-19, high disposable income, presence, and the new entrance of global market players are some of the major factors for the growth of the market in the country. Moreover, the governmentu2019s aim to increase homeownership is another major factor augmenting the market growth. Apart from this, the growth in ultra-high rich in the country will create a significant demand for luxury furniture in the country as it is perceived as an indication of wealth and social status to them. Besides, a
E N D
Saudi Arabia Home Decor Market value project to expand by 2029 The Saudi Arabia market home décor is projected to have a considerable CAGR during the forecast period. Post-COVID-19, high disposable income, presence, and the new entrance of global market players are some of the major factors for the growth of the market in the country. Moreover, the government’s aim to increase homeownership is another major factor augmenting the market growth. Apart from this, the growth in ultra-high rich in the country will create a significant demand for luxury furniture in the country as it is perceived as an indication of wealth and social status to them. Besides, a preference for multi-utilitarian furniture is also registered due to the multiple benefits of less space necessity and multi-usage purposes. To request a sample of our report on Saudi Arabia Home Decor Market https://www.omrglobal.com/request- sample/saudi-arabia-home-decor-market Moreover, growth in ultra-high rich in the country will create a significant demand for luxury furniture in the country as it is perceived as an indication of wealth and social status to them. As per the Knight Frank report, in Saudi Arabia, Ultra High Net Worth (UHNW) Individuals (with a net worth over $30 million), have increased by 227.0% in 2020 as compared to 2015 and reached 7,020. The 5-year growth rate is highest in the top 20 countries listed in the Knight Frank report 2020. Besides, a preference for multi-utilitarian furniture is also registered due to the multiple benefits of less space necessity and multi-usage purposes which will also boost the home décor industry in Saudi Arabia. A full report on Saudi Arabia Home Decor Market is available @ https://www.omrglobal.com/industry-reports/saudi- arabia-home-decor-market Market Coverage •The market number available for – 2020-2027 •Base year- 2020 •Forecast period- 2021-2027 •Segment Covered- o Product o Distribution Channel •Regions Covered- o Saudi Arabia
•Competitive Landscape- Inter IKEA Systems B.V., Al-Kayan Decor Company, Koninklijke Philips N.V., KARE Design GmbH Key questions addressed by the report •What is the market growth rate? •Which segment and region dominate the market in the base year? •Which segment and region will project the fastest growth in the market? •How COVID-19 impacted the market? o Deviation from the pre-COVID-19 forecast o Most affected region and segment •Who is the leader in the market? •How players are addressing challenges to sustain growth? •Where is the investment opportunity? Saudi Arabia Home Decor Market Report Segment By Product •Wall Arts •Mirror •Wall Shelves •Decorated Table •Home Textile •Flooring •Lighting And Lamps •Other By Distribution Channel •Supermarkets & Hypermarkets •Home Decor Store •Online •Other
For more customized Data Request for Report customization @ https://www.omrglobal.com/report- customization/saudi-arabia-home-decor-market About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. Media Contact Company Name: Orion Market Research Contact Person: Mr. Anural Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404
