Luxury Furniture Market in Middle East 2024-2028

The luxury furniture market in Middle East is forecasted to grow by USD 413.02 mn during 2023-2028, accelerating at a CAGR of 4.48% during the forecast period. The report on the luxury furniture market in Middle East provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in number of office spaces, growth in residential construction, and significant rise in affluent population.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	3.88%
CAGR	4.48%
Incremental Value	$413.02mn

Technavio's luxury furniture market in Middle East is segmented as below:

By Application

Residential
Commercial

By Distribution Channel

Offline
Online

This study identifies the increasing acceptance and demand for eco-friendly products as one of the prime reasons driving the luxury furniture market in Middle East growth during the next few years. Also, technological advancements in luxury furniture retailing industry and increasing demand due to expansion in e-commerce industry will lead to sizable demand in the market.

The report on the luxury furniture market in Middle East covers the following areas:

Luxury furniture market in Middle East sizing
Luxury furniture market in Middle East forecast
Luxury furniture market in Middle East industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading luxury furniture market in Middle East vendors that include Anna Casa Ltd., Auraliving, B and B Italia SPA, Boca Do Lobo, Defure Furniture Trading LLC, DelightFULL, Giorgio Armani S.p.A., Haworth Inc., Inter IKEA Holding BV, Lazzoni Furniture, Luma Inc., LVMH Moet Hennessy Louis Vuitton SE, MillerKnoll Inc., Minotti S.p.A., Natuzzi SpA, Next Space LLC, Pan Emirates Home Furnishings, Poltrona Frau SPA, Scavolini S.p.a., and Workspace. Also, the luxury furniture market in Middle East analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR44005

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by Distribution Channel
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Middle East - Market size and forecast 2023-2028 ($ million)
Exhibit 15: Data Table on Regional - Market size and forecast 2023-2028 ($ million)
Exhibit 16: Chart on Middle East: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Regional - Market size and forecast 2023-2028 ($ million)

4 Historic Market Size

4.1 Luxury furniture market in Middle East 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on luxury furniture market in middle East 2018 - 2022 ($ million)
4.2 Application Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.3 Distribution Channel Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ million)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 22: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 23: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 24: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 25: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 26: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 27: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 28: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments
Exhibit 29: Chart on Application - Market share 2023-2028 (%)
Exhibit 30: Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
Exhibit 31: Chart on Comparison by Application
Exhibit 32: Data Table on Comparison by Application
6.3 Residential - Market size and forecast 2023-2028
Exhibit 33: Chart on Residential - Market size and forecast 2023-2028 ($ million)
Exhibit 34: Data Table on Residential - Market size and forecast 2023-2028 ($ million)
Exhibit 35: Chart on Residential - Year-over-year growth 2023-2028 (%)
Exhibit 36: Data Table on Residential - Year-over-year growth 2023-2028 (%)
6.4 Commercial - Market size and forecast 2023-2028
Exhibit 37: Chart on Commercial - Market size and forecast 2023-2028 ($ million)
Exhibit 38: Data Table on Commercial - Market size and forecast 2023-2028 ($ million)
Exhibit 39: Chart on Commercial - Year-over-year growth 2023-2028 (%)
Exhibit 40: Data Table on Commercial - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Application
Exhibit 41: Market opportunity by Application ($ million)
Exhibit 42: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Distribution Channel

7.1 Market segments
Exhibit 43: Chart on Distribution Channel - Market share 2023-2028 (%)
Exhibit 44: Data Table on Distribution Channel - Market share 2023-2028 (%)
7.2 Comparison by Distribution Channel
Exhibit 45: Chart on Comparison by Distribution Channel
Exhibit 46: Data Table on Comparison by Distribution Channel
7.3 Offline - Market size and forecast 2023-2028
Exhibit 47: Chart on Offline - Market size and forecast 2023-2028 ($ million)
Exhibit 48: Data Table on Offline - Market size and forecast 2023-2028 ($ million)
Exhibit 49: Chart on Offline - Year-over-year growth 2023-2028 (%)
Exhibit 50: Data Table on Offline - Year-over-year growth 2023-2028 (%)
7.4 Online - Market size and forecast 2023-2028
Exhibit 51: Chart on Online - Market size and forecast 2023-2028 ($ million)
Exhibit 52: Data Table on Online - Market size and forecast 2023-2028 ($ million)
Exhibit 53: Chart on Online - Year-over-year growth 2023-2028 (%)
Exhibit 54: Data Table on Online - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Distribution Channel
Exhibit 55: Market opportunity by Distribution Channel ($ million)
Exhibit 56: Data Table on Market opportunity by Distribution Channel ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 58: Chart on Market share By Geographical Landscape - 2023-2028 (%)
Exhibit 59: Data Table on Market share By Geographical Landscape - 2023-2028 (%)
9.2 Geographic comparison
Exhibit 60: Chart on Geographic comparison
Exhibit 61: Data Table on Geographic comparison
9.3 Saudi Arabia - Market size and forecast 2023-2028
Exhibit 62: Chart on Saudi Arabia - Market size and forecast 2023-2028 ($ million)
Exhibit 63: Data Table on Saudi Arabia - Market size and forecast 2023-2028 ($ million)
Exhibit 64: Chart on Saudi Arabia - Year-over-year growth 2023-2028 (%)
Exhibit 65: Data Table on Saudi Arabia - Year-over-year growth 2023-2028 (%)
9.4 United Arab Emirates - Market size and forecast 2023-2028
Exhibit 66: Chart on United Arab Emirates - Market size and forecast 2023-2028 ($ million)
Exhibit 67: Data Table on United Arab Emirates - Market size and forecast 2023-2028 ($ million)
Exhibit 68: Chart on United Arab Emirates - Year-over-year growth 2023-2028 (%)
Exhibit 69: Data Table on United Arab Emirates - Year-over-year growth 2023-2028 (%)
9.5 Kuwait - Market size and forecast 2023-2028
Exhibit 70: Chart on Kuwait - Market size and forecast 2023-2028 ($ million)
Exhibit 71: Data Table on Kuwait - Market size and forecast 2023-2028 ($ million)
Exhibit 72: Chart on Kuwait - Year-over-year growth 2023-2028 (%)
Exhibit 73: Data Table on Kuwait - Year-over-year growth 2023-2028 (%)
9.6 Oman - Market size and forecast 2023-2028
Exhibit 74: Chart on Oman - Market size and forecast 2023-2028 ($ million)
Exhibit 75: Data Table on Oman - Market size and forecast 2023-2028 ($ million)
Exhibit 76: Chart on Oman - Year-over-year growth 2023-2028 (%)
Exhibit 77: Data Table on Oman - Year-over-year growth 2023-2028 (%)
9.7 Rest of Middle East - Market size and forecast 2023-2028
Exhibit 78: Chart on Rest of Middle East - Market size and forecast 2023-2028 ($ million)
Exhibit 79: Data Table on Rest of Middle East - Market size and forecast 2023-2028 ($ million)
Exhibit 80: Chart on Rest of Middle East - Year-over-year growth 2023-2028 (%)
Exhibit 81: Data Table on Rest of Middle East - Year-over-year growth 2023-2028 (%)
9.8 Market opportunity By Geographical Landscape
Exhibit 82: Market opportunity By Geographical Landscape ($ million)
Exhibit 83: Data Table on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 84: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 85: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 86: Overview on factors of disruption
11.4 Industry risks
Exhibit 87: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 88: Vendors covered
12.2 Market positioning of vendors
Exhibit 89: Matrix on vendor position and classification
12.3 Anna Casa Ltd.
Exhibit 90: Anna Casa Ltd. - Overview
Exhibit 91: Anna Casa Ltd. - Product / Service
Exhibit 92: Anna Casa Ltd. - Key offerings
12.4 B and B Italia SPA
Exhibit 93: B and B Italia SPA - Overview
Exhibit 94: B and B Italia SPA - Product / Service
Exhibit 95: B and B Italia SPA - Key offerings
12.5 Boca Do Lobo
Exhibit 96: Boca Do Lobo - Overview
Exhibit 97: Boca Do Lobo - Product / Service
Exhibit 98: Boca Do Lobo - Key offerings
12.6 Giorgio Armani S.p.A.
Exhibit 99: Giorgio Armani S.p.A. - Overview
Exhibit 100: Giorgio Armani S.p.A. - Product / Service
Exhibit 101: Giorgio Armani S.p.A. - Key offerings
12.7 Haworth Inc.
Exhibit 102: Haworth Inc. - Overview
Exhibit 103: Haworth Inc. - Product / Service
Exhibit 104: Haworth Inc. - Key offerings
12.8 Inter IKEA Holding BV
Exhibit 105: Inter IKEA Holding BV - Overview
Exhibit 106: Inter IKEA Holding BV - Product / Service
Exhibit 107: Inter IKEA Holding BV - Key news
Exhibit 108: Inter IKEA Holding BV - Key offerings
12.9 Lazzoni Furniture
Exhibit 109: Lazzoni Furniture - Overview
Exhibit 110: Lazzoni Furniture - Product / Service
Exhibit 111: Lazzoni Furniture - Key offerings
12.10 Luma Inc.
Exhibit 112: Luma Inc. - Overview
Exhibit 113: Luma Inc. - Product / Service
Exhibit 114: Luma Inc. - Key offerings
12.11 MillerKnoll Inc.
Exhibit 115: MillerKnoll Inc. - Overview
Exhibit 116: MillerKnoll Inc. - Business segments
Exhibit 117: MillerKnoll Inc. - Key offerings
Exhibit 118: MillerKnoll Inc. - Segment focus
12.12 Minotti S.p.A.
Exhibit 119: Minotti S.p.A. - Overview
Exhibit 120: Minotti S.p.A. - Product / Service
Exhibit 121: Minotti S.p.A. - Key offerings
12.13 Natuzzi SpA
Exhibit 122: Natuzzi SpA - Overview
Exhibit 123: Natuzzi SpA - Product / Service
Exhibit 124: Natuzzi SpA - Key offerings
12.14 Pan Emirates Home Furnishings
Exhibit 125: Pan Emirates Home Furnishings - Overview
Exhibit 126: Pan Emirates Home Furnishings - Product / Service
Exhibit 127: Pan Emirates Home Furnishings - Key offerings
12.15 Poltrona Frau SPA
Exhibit 128: Poltrona Frau SPA - Overview
Exhibit 129: Poltrona Frau SPA - Product / Service
Exhibit 130: Poltrona Frau SPA - Key offerings
12.16 Scavolini S.p.a.
Exhibit 131: Scavolini S.p.a. - Overview
Exhibit 132: Scavolini S.p.a. - Product / Service
Exhibit 133: Scavolini S.p.a. - Key offerings
12.17 Workspace
Exhibit 134: Workspace - Overview
Exhibit 135: Workspace - Product / Service
Exhibit 136: Workspace - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 137: Inclusions checklist
Exhibit 138: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 139: Currency conversion rates for US$
13.4 Research methodology
Exhibit 140: Research methodology
Exhibit 141: Validation techniques employed for market sizing
Exhibit 142: Information sources
13.5 List of abbreviations
Exhibit 143: List of abbreviations