Key regions: France, Brazil, Canada, Worldwide, United Kingdom
The Home Décor market in Qatar has been experiencing significant growth in recent years. Customer preferences have shifted towards more modern and contemporary designs, with a focus on minimalism and functionality. This trend is in line with global market preferences, as consumers seek to create a clean and organized living space. In terms of trends in the market, there has been a rise in the demand for sustainable and eco-friendly home décor products. Consumers in Qatar are increasingly conscious of the environmental impact of their purchases and are opting for products that are made from recycled materials or have a low carbon footprint. This trend is driven by a growing awareness of the need to protect the environment and reduce waste. Another trend in the market is the increased popularity of online shopping for home décor products. The convenience and ease of online shopping have made it a preferred choice for many consumers in Qatar. Online retailers are capitalizing on this trend by offering a wide range of products, competitive prices, and fast delivery options. This shift towards online shopping has also been accelerated by the covid-19 pandemic, as consumers have turned to e-commerce platforms to meet their home décor needs while adhering to social distancing measures. Local special circumstances in Qatar also play a role in the development of the Home Décor market. The country has a high per capita income and a strong economy, which enables consumers to spend more on luxury and high-end home décor products. Additionally, Qatar is known for its rich cultural heritage and traditional craftsmanship, which has influenced the design and style preferences of consumers. Many consumers in Qatar value locally-made products that showcase traditional craftsmanship and cultural motifs. Underlying macroeconomic factors have also contributed to the growth of the Home Décor market in Qatar. The country has a stable political environment and a high standard of living, which creates a favorable environment for consumer spending. Additionally, Qatar has a young and growing population, with a high percentage of expatriates who are looking to create a comfortable and personalized living space. These factors have created a strong demand for home décor products in the country. In conclusion, the Home Décor market in Qatar has been developing in response to changing
Customer preferences: global trends, and
Local special circumstances:. The shift towards modern and sustainable designs, the rise of online shopping, and the demand for locally-made products are driving the growth of the market. The stable political environment, high per capita income, and young population in Qatar are also contributing factors.
Data coverage:
Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments are not specific to any room.Modeling approach / Market size:
Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.Additional Notes:
The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.
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