Furniture - Jordan

Jordan

In 2024, the Furniture market in Jordan is projected to generate a revenue of US$677.20m.
This market is anticipated to experience an annual growth rate of 1.15% (CAGR 2024-2029).
The largest segment within this market is the Living Room Furniture segment, which is estimated to have a market volume of US$266.20m in 2024.
When compared globally, United States leads in terms of revenue generation, with US$263bn in 2024.
In relation to the total population, per person revenues of US$59.48 are expected in 2024.
The furniture market in Jordan is experiencing a surge in demand for locally-made, handcrafted pieces, reflecting a growing appreciation for traditional craftsmanship.

Key regions: Worldwide, United States, China, India, Germany

Definition:

The Furniture market covers different movable objects designed to support various human activities such as sitting, sleeping, and storing items. These objects can include chairs, tables, beds, couches, and cabinets, among others. The design and layout of furniture can have a significant impact on the comfort and functionality of a space, making it an important aspect of interior design and home decor.

Structure:

The Furniture market is divided into seven segments:

The Living Room Furniture segment focuses on furnishings such as sofas, side tables, and media cabinets typically found in the living room. This segment is divided into the following subsegments: Seats & Sofas and Cabinets, TV Stands & Side Tables.
The Bedroom Furniture segment covers furnishings and other accessories used for sleeping and the storage of clothing and other personal items. This segment is divided into the following subsegments: Beds, Mattresses, Closets, Nightstands, & Dressers, and Bedding.
The Kitchen & Dining Furniture segment covers a diverse range of products that are used to meet people’s eating, food storage and preparation needs. This segment is divided into the following subsegments: Kitchenware and Dining Tables, Kitchen Islands & Pantries.
The Outdoor Furniture segment covers products specifically designed to withstand exposure to the elements, such as rain, sun, and wind, and is often made from materials that are weather-resistant.
The Home Office Furniture segment focuses on products that ensure a good working environment at home compared to that of a traditional office. This segment is divided into the following subsegments: Desks & Chairs and Bookcases & Filing Cabinets.
The Lamps & Lighting segment covers various devices and fixtures that provide illumination in a space. This segment is divided into the following subsegments: Table & Floor Lamps, Ceiling Lights & Chandeliers, and Light Bulbs & Fittings.
The Home Décor segment covers a variety of accessories and furnishings designed to make a space more aesthetically appealing. This segment is divided into the following subsegments: Decorations, Carpets & Rugs, Candles, and Curtains & Blinds.

Additional Information:

The Furniture market consists of revenue and average revenue per capita data. Per capita figures consider the whole population. This market includes only business to consumer (B2C) sales. Business to business (B2B) sales (e. g., furniture for coffee shops, offices, etc.) are excluded in the figures shown. For more information on the displayed data, click the info button on the right-hand side of each box. In terms of key players in the furniture market, IKEA is the leading furniture company; however, with the rise of eCommerce, players such as Wayfair are gaining ground.

Market

Region

Region comparison

Currency

Analyst Opinion

The Furniture market in Jordan has been experiencing steady growth in recent years. Customer preferences have shifted towards more modern and stylish furniture options, while local special circumstances and underlying macroeconomic factors have also played a role in shaping the market.

Customer preferences: in the Furniture market in Jordan have evolved over time. There is a growing demand for furniture that is not only functional but also aesthetically pleasing. Consumers are increasingly looking for modern and stylish designs that can enhance the overall look and feel of their homes. This shift in preferences can be attributed to the influence of global design trends and the increasing exposure to international brands through various channels. In addition to customer preferences, there are several trends in the market that are driving its growth. One such trend is the increasing popularity of online shopping for furniture. With the rise of e-commerce platforms, consumers now have access to a wide range of furniture options from both local and international brands. This has made it easier for consumers to compare prices, designs, and features, and make informed purchasing decisions. The convenience and accessibility of online shopping have contributed to the growth of the Furniture market in Jordan. Another trend in the market is the growing demand for eco-friendly and sustainable furniture. Consumers are becoming more conscious of the environmental impact of their purchases and are actively seeking furniture made from renewable materials and with minimal carbon footprint. This trend aligns with global sustainability initiatives and reflects the growing awareness of environmental issues among consumers in Jordan.

Local special circumstances: also play a role in shaping the Furniture market in Jordan. The country has a young population, with a significant number of young professionals and newly married couples. This demographic group is more likely to invest in furniture as they establish their homes and start families. Additionally, the government has implemented policies to support the growth of the furniture industry, including providing incentives for local manufacturers and promoting exports.

Underlying macroeconomic factors: are also contributing to the development of the Furniture market in Jordan. The country has experienced stable economic growth in recent years, which has resulted in increased disposable income and consumer spending. This has created a favorable environment for the furniture industry to thrive. Furthermore, the government has been actively promoting tourism, which has led to an increase in demand for furniture in the hospitality sector. In conclusion, the Furniture market in Jordan is experiencing growth due to changing customer preferences, the influence of global trends, and the presence of local special circumstances. The increasing popularity of online shopping and the demand for eco-friendly furniture are driving the market forward. Furthermore, the country's stable economy and government support are contributing to the overall development of the market.

Methodology

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.