GCC Furniture Rental Market Surge: Projected CAGR of 7.35% from 2024 to 2030

Market Overview: GCC Furniture Rental Market FY24-30

This reports provides an essential and dependable overview of the GCC Furniture Rental Market, serving as a guide for stakeholders navigating the industry’s future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, segments and prominent players.

GCC Furniture Rental Market Report Coverage Details:

• Base Year: 2023
• Historical Data: 2019-22
• Forecast Period: 2024-2030
• CAGR: 7.35% (2024-2030)

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.

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GCC Furniture Rental Market Opportunity:

Rising Inclination towards Interior Decoration Accelerating Market Growth – Over the past few years, the population in various countries of the GCC region such as Kuwait, Qatar, the UAE, etc. notably engaged in the realm of interior designing and decoration. Interior designs tend to change rapidly which further prompts the customer to upgrade their furniture aligning with the latest trends. Also, the market for furniture rental in the GCC region has experienced significant growth, driven by the flexibility it offers in adapting to evolving design trends without the financial commitment of long-term furniture ownership. Moreover, in alignment with global sustainability initiatives, renting furniture embodies the concept of waste reduction and actively promotes the circular economy by facilitating the return of used furniture to rental services.

As the population is showing mounting affinity towards innovative interior designing pursuits, rental furniture emerging as a versatile solution to achieve the desired interior aesthetics. This inclination toward interior decoration is emerging and driving the market share of GCC Furniture Rental over the past few years and is projected to escalate the market share in the upcoming years as well.

GCC Furniture Rental Market Segmentation Analysis — FY24-30

Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the GCC Furniture Rental Market (2024-30). We prioritize uncovering the pivotal factors that presently drive and will shape the industry’s growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.

The GCC Furniture Rental Market segmentation is enlisted below:

By Product Type

• Indoor Furniture- Market Size & Forecast 2019-2030, (USD Million)
  • Bedroom Furniture- Market Size & Forecast 2019-2030, (USD Million)
  • Dining Furniture- Market Size & Forecast 2019-2030, (USD Million)
  • Office Furniture- Market Size & Forecast 2019-2030, (USD Million)
  • Kitchen Furniture- Market Size & Forecast 2019-2030, (USD Million)
  • Living Room Furniture- Market Size & Forecast 2019-2030, (USD Million)
  • Storage 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 Material

• Wood- Market Size & Forecast 2019-2030, (USD Million)
• Plastic- Market Size & Forecast 2019-2030, (USD Million)
• Others (Leather, Glass, Metal, 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)

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By Country

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

GCC Furniture Rental Market Competitive Landscape

ARREKA, Arena Group PLC, Innovative Hiring, Style Works, Risala Furniture, CORT, Chapter One, Indigo Living Limited, Lafeef, The Furniture Rental Company and others.

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Key Report Highlights   

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

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