PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1719059
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1719059
GCC Furniture Rental Market, By Type; By Material; By End User; By Country, Trend Analysis, Competitive Landscape & Forecast, 2019-2031
GCC Furniture Rental Market Size Booming to Surpass USD 24.4 Billion by 2031
GCC (Gulf Cooperation Council) Furniture Rental Market is flourishing because of the region's increasing expatriate influx, dynamic real estate and hospitality sectors, and the growing consumer preference for minimalist and flexible lifestyle solutions.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated GCC Furniture Rental Market size at USD 13.64 billion in 2024. During the forecast period between 2025 and 2031, BlueWeave expects GCC Furniture Rental Market size to expand at a CAGR of 8.67% reaching a value of USD 24.41 billion by 2031. The growth of Furniture Rental Market across GCC countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and UAE) is propelled by rising demand for flexible, cost-effective solutions, burgeoning e-commerce accessibility, a thriving events sector, and accelerated urbanization. The market growth is fueled by a pronounced consumer preference for agile and budget-conscious furnishing, particularly within the UAE and Saudi Arabia. Rental models strategically mitigate substantial upfront costs and enduring commitments of traditional ownership. Furthermore, the region's digital landscape, characterized by pervasive smartphone penetration and escalating internet usage, catalyzes the accessibility and convenience of furniture rental through e-commerce platforms. This digital enablement is complemented by the vibrant events sector's consistent demand for ephemeral, thematic furniture configurations for weddings, corporate functions, and private celebrations. Underpinning this market trajectory is the accelerated urbanization and influx of itinerant professionals into key urban centers like Dubai, Abu Dhabi, and Doha. For these demographics, furniture rental presents a pragmatic and economical alternative. These converging factors are expected to sustain a compelling growth narrative for the GCC Furniture Rental Market throughout the forecast period.
Impact of Escalating Geopolitical Tensions on GCC Furniture Rental Market
Intensifying geopolitical tensions could disrupt the growth of GCC Furniture Rental Market. Increased uncertainties could lead to less foreign investment, slower economic growth, and reduced consumer spending, all of which affect rental demand. Expatriates and multinational companies, key customers, may delay moving or expanding, decreasing short-term rental needs. Supply chain problems and higher import costs due to instability can also affect inventory and pricing. Additionally, changing oil prices and regional policies can lower business confidence. Therefore, companies in the market need to develop flexible strategies to manage these risks.
UAE Dominates GCC Furniture Rental Market
UAE maintains a dominant position within the GCC Furniture Rental Market, a position it is expected to solidify over the forecast period. The dominance is underpinned by the dynamic expansion of its hospitality sector, particularly within the strategic urban centers of Abu Dhabi and Dubai. Serving as a pivotal regional nexus for prestigious gatherings-encompassing corporate symposia, international expositions, and global sporting events-UAE experiences a sustained surge in rental furniture demand. Notably, Dubai alone registered a remarkable 44% escalation in business events during the initial half of 2023, hosting 143 such occasions. Further bolstering market momentum is the burgeoning healthcare landscape, where ongoing investments in infrastructure are anticipated to catalyze a commensurate rise in rental furniture requirements across the broader GCC region.
Competitive Landscape
Major companies in GCC Furniture Rental Market include Indigo Living Limited, ARREKA, The Furniture Rental Company, Chapter One, Innovative Hiring, Arena Group PLC, Risala Furniture, Lafeef, Style Works, and CORT. The presence of high number of companies intensify the market competition as they compete to gain a significant market share. These companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches to further enhance their market share.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and GCC Furniture Rental Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in GCC Furniture Rental Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. GCC Furniture Rental Market Insights
- 3.1. Industry Value Chain Analysis
- 3.1.1. DROC Analysis
- 3.1.2. Growth Drivers
- 3.1.2.1. Growing Expat Population
- 3.1.2.2. Booming Real Estates and Hospitality Sectors
- 3.1.2.3. Rising Trend of Minimalism and Lifestyle Flexibility
- 3.1.3. Restraints
- 3.1.3.1. Limited Consumer Awareness
- 3.1.3.2. Logistical & Maintenance Issues
- 3.1.4. Opportunities
- 3.1.4.1. Digital Transformation and E-commerce Integration
- 3.1.4.2. Corporate Tie-ups and Events
- 3.1.5. Challenges
- 3.1.5.1. Intense Competition and Price Wars
- 3.1.5.2. Regulatory and Cultural Barriers
- 3.2. Technological Advancements/Recent Developments
- 3.3. Regulatory Framework
- 3.4. Porter's Five Forces Analysis
- 3.4.1. Bargaining Power of Suppliers
- 3.4.2. Bargaining Power of Buyers
- 3.4.3. Threat of New Entrants
- 3.4.4. Threat of Substitutes
- 3.4.5. Intensity of Rivalry
4. GCC Furniture Rental Market: Marketing Strategies
5. GCC Furniture Rental Market: Pricing Analysis
6. GCC Furniture Rental Market Overview
- 6.1. Market Size & Forecast, 2019-2031
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Type of Furniture
- 6.2.1.1. Residential Furniture
- 6.2.1.2. Office/Commercial Furniture
- 6.2.1.3. Event Furniture
- 6.2.2. By Material
- 6.2.2.1. Wood
- 6.2.2.2. Metal
- 6.2.2.3. Plastic
- 6.2.2.4. Glass
- 6.2.2.5. Others
- 6.2.3. By End User
- 6.2.3.1. Individual/Residential Customers
- 6.2.3.2. Corporate Clients
- 6.2.3.3. Hospitality Industry (Hotels, Service Apartments)
- 6.2.3.4. Event Management Companies
- 6.2.3.5. Educational Institutions
- 6.2.3.6. Co-living/Co-working Spaces
- 6.2.3.7. Others
- 6.2.4. By Country
- 6.2.4.1. Saudi Arabia
- 6.2.4.2. UAE
- 6.2.4.3. Qatar
- 6.2.4.4. Bahrain
- 6.2.4.5. Kuwait
- 6.2.4.6. Oman
- 6.2.1. By Type of Furniture
7. Saudi Arabia Furniture Rental Market
- 7.1. Market Size & Forecast, 2019-2031
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Type of Furniture
- 7.2.2. By Material
- 7.2.3. By End User
8. UAE Furniture Rental Market
- 8.1. Market Size & Forecast, 2019-2031
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Type of Furniture
- 8.2.2. By Material
- 8.2.3. By End User
9. Qatar Furniture Rental Market
- 9.1. Market Size & Forecast, 2019-2031
- 9.1.1. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Type of Furniture
- 9.2.2. By Material
- 9.2.3. By End User
10. Bahrain Furniture Rental Market
- 10.1. Market Size & Forecast, 2019-2031
- 10.1.1. By Value (USD Billion)
- 10.2. Market Share & Forecast
- 10.2.1. By Type of Furniture
- 10.2.2. By Material
- 10.2.3. By End User
11. Kuwait Furniture Rental Market
- 11.1. Market Size & Forecast, 2019-2031
- 11.1.1. By Value (USD Billion)
- 11.2. Market Share & Forecast
- 11.2.1. By Type of Furniture
- 11.2.2. By Material
- 11.2.3. By End User
12. Oman Furniture Rental Market
- 12.1. Market Size & Forecast, 2019-2031
- 12.1.1. By Value (USD Billion)
- 12.2. Market Share & Forecast
- 12.2.1. By Type of Furniture
- 12.2.2. By Material
- 12.2.3. By End User
13. Competitive Landscape
- 13.1. List of Key Players and Their Types
- 13.2. GCC Furniture Rental Company Market Share Analysis, 2024
- 13.3. Competitive Benchmarking, By Operating Parameters
- 13.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
14. Impact of Escalating Geopolitical Tensions on GCC Furniture Rental Market
15. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 15.1. Indigo Living Limited
- 15.2. ARREKA
- 15.3. The Furniture Rental Company
- 15.4. Chapter One
- 15.5. Innovative Hiring
- 15.6. Arena Group PLC
- 15.7. Risala Furniture
- 15.8. Lafeef
- 15.9. Style Works
- 15.10. CORT
- 15.11. Other Prominent Players
16. Key Strategic Recommendations
17. Research Methodology
- 17.1. Qualitative Research
- 17.1.1. Primary & Secondary Research
- 17.2. Quantitative Research
- 17.3. Market Breakdown & Data Triangulation
- 17.3.1. Secondary Research
- 17.3.2. Primary Research
- 17.4. Breakdown of Primary Research Respondents, By Country
- 17.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
- Figure 1 GCC Furniture Rental Segmentation
- Figure 2 GCC Furniture Rental Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2024
- Figure 4 GCC Furniture Rental Market Size, By Value (USD Billion), 2019-2031
- Figure 5 GCC Furniture Rental Market Share, By Type of Furniture, By Value (USD Billion), 2019-2031
- Figure 6 GCC Furniture Rental Market Share, By Material, By Value (USD Billion), 2019-2031
- Figure 7 GCC Furniture Rental Market Share, By End User, By Value (USD Billion), 2019-2031
- Figure 8 GCC Furniture Rental Market Share, By Country, By Value (USD Billion), 2019-2031
- Figure 9 Saudi Arabia Furniture Rental Market Size, By Value (USD Billion), 2019-2031
- Figure 10 Saudi Arabia Furniture Rental Market Share, By Type of Furniture, By Value (USD Billion), 2019-2031
- Figure 11 Saudi Arabia Furniture Rental Market Share, By Material, By Value (USD Billion), 2019-2031
- Figure 12 Saudi Arabia Furniture Rental Market Share, By End User, By Value (USD Billion), 2019-2031
- Figure 13 UAE Furniture Rental Market Share, By Type of Furniture, By Value (USD Billion), 2019-2031
- Figure 14 UAE Furniture Rental Market Share, By Material, By Value (USD Billion), 2019-2031
- Figure 15 UAE Furniture Rental Market Share, By End User, By Value (USD Billion), 2019-2031
- Figure 16 Qatar Furniture Rental Market Size, By Value (USD Billion), 2019-2031
- Figure 17 Qatar Furniture Rental Market Share, By Type of Furniture, By Value (USD Billion), 2019-2031
- Figure 18 Qatar Furniture Rental Market Share, By Material, By Value (USD Billion), 2019-2031
- Figure 19 Qatar Furniture Rental Market Share, By End User, By Value (USD Billion), 2019-2031
- Figure 20 Bahrain Furniture Rental Market Size, By Value (USD Billion), 2019-2031
- Figure 21 Bahrain Furniture Rental Market Share, By Type of Furniture, By Value (USD Billion), 2019-2031
- Figure 22 Bahrain Furniture Rental Market Share, By Material, By Value (USD Billion), 2019-2031
- Figure 23 Bahrain Furniture Rental Market Share, By End User, By Value (USD Billion), 2019-2031
- Figure 24 Bahrain Furniture Rental Market Share, By Organization Size, By Value (USD Billion), 2019-2031
- Figure 25 Bahrain Furniture Rental Market Share, By Type of Furniture, By Value (USD Billion), 2019-2031
- Figure 26 Bahrain Furniture Rental Market Share, By Material, By Value (USD Billion), 2019-2031
- Figure 27 Bahrain Furniture Rental Market Share, By End User, By Value (USD Billion), 2019-2031
- Figure 28 Kuwait Furniture Rental Market Size, By Value (USD Billion), 2019-2031
- Figure 29 Kuwait Furniture Rental Market Share, By Type of Furniture, By Value (USD Billion), 2019-2031
- Figure 30 Kuwait Furniture Rental Market Share, By Material, By Value (USD Billion), 2019-2031
- Figure 31 Oman Furniture Rental Market Share, By Type of Furniture, By Value (USD Billion), 2019-2031
- Figure 32 Oman Furniture Rental Market Share, By Material, By Value (USD Billion), 2019-2031
- Figure 33 Oman Furniture Rental Market Share, By End User, By Value (USD Billion), 2019-2031
List of Tables
- Table 1 GCC Furniture Rental Market Size, By Value (USD Billion), 2019-2031
- Table 2 GCC Furniture Rental Market Share, By Type of Furniture, By Value (USD Billion), 2019-2031
- Table 3 GCC Furniture Rental Market Share, By Material, By Value (USD Billion), 2019-2031
- Table 4 GCC Furniture Rental Market Share, By End User, By Value (USD Billion), 2019-2031
- Table 5 GCC Furniture Rental Market Share, By Country, By Value (USD Billion), 2019-2031
- Table 6 Saudi Arabia Furniture Rental Market Size, By Value (USD Billion), 2019-2031
- Table 7 Saudi Arabia Furniture Rental Market Share, By Type of Furniture, By Value (USD Billion), 2019-2031
- Table 8 Saudi Arabia Furniture Rental Market Share, By Material, By Value (USD Billion), 2019-2031
- Table 9 Saudi Arabia Furniture Rental Market Share, By End User, By Value (USD Billion), 2019-2031
- Table 10 UAE Furniture Rental Market Share, By Type of Furniture, By Value (USD Billion), 2019-2031
- Table 11 UAE Furniture Rental Market Share, By Material, By Value (USD Billion), 2019-2031
- Table 12 UAE Furniture Rental Market Share, By End User, By Value (USD Billion), 2019-2031
- Table 13 Qatar Furniture Rental Market Size, By Value (USD Billion), 2019-2031
- Table 14 Qatar Furniture Rental Market Share, By Type of Furniture, By Value (USD Billion), 2019-2031
- Table 15 Qatar Furniture Rental Market Share, By Material, By Value (USD Billion), 2019-2031
- Table 16 Qatar Furniture Rental Market Share, By End User, By Value (USD Billion), 2019-2031
- Table 17 Bahrain Furniture Rental Market Size, By Value (USD Billion), 2019-2031
- Table 18 Bahrain Furniture Rental Market Share, By Type of Furniture, By Value (USD Billion), 2019-2031
- Table 19 Bahrain Furniture Rental Market Share, By Material, By Value (USD Billion), 2019-2031
- Table 20 Bahrain Furniture Rental Market Share, By End User, By Value (USD Billion), 2019-2031
- Table 21 Bahrain Furniture Rental Market Share, By Organization Size, By Value (USD Billion), 2019-2031
- Table 22 Bahrain Furniture Rental Market Share, By Type of Furniture, By Value (USD Billion), 2019-2031
- Table 23 Bahrain Furniture Rental Market Share, By Material, By Value (USD Billion), 2019-2031
- Table 24 Bahrain Furniture Rental Market Share, By End User, By Value (USD Billion), 2019-2031
- Table 25 Kuwait Furniture Rental Market Size, By Value (USD Billion), 2019-2031
- Table 26 Kuwait Furniture Rental Market Share, By Type of Furniture, By Value (USD Billion), 2019-2031
- Table 27 Kuwait Furniture Rental Market Share, By Material, By Value (USD Billion), 2019-2031
- Table 28 Oman Furniture Rental Market Share, By Type of Furniture, By Value (USD Billion), 2019-2031
- Table 29 Oman Furniture Rental Market Share, By Material, By Value (USD Billion), 2019-2031
- Table 30 Oman Furniture Rental Market Share, By End User, By Value (USD Billion), 2019-2031
- Table 31 Indigo Living Limited Company Overview
- Table 32 Indigo Living Limited Financial Overview
- Table 33 ARREKA Company Overview
- Table 34 ARREKA Financial Overview
- Table 35 The Furniture Rental Company: Company Overview
- Table 36 The Furniture Rental Company Financial Overview
- Table 37 Chapter One Company Overview
- Table 38 Chapter One Financial Overview
- Table 39 Innovative Hiring Company Overview
- Table 40 Innovative Hiring Financial Overview
- Table 41 Arena Group PLC Company Overview
- Table 42 Arena Group PLC Financial Overview
- Table 43 Risala Furniture Company Overview
- Table 44 Risala Furniture Financial Overview
- Table 45 Lafeef Company Overview
- Table 46 Lafeef Financial Overview
- Table 47 Style Works Company Overview
- Table 48 Style Works Financial Overview
- Table 49 CORT Company Overview
- Table 50 CORT Financial Overview
