Outdoor Furniture - Oman

Oman

In 2024, the revenue generated in the Outdoor Furniture market in Oman amounts to US$55.46m.
It is projected that the market will experience annual growth of 3.34% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue in this segment with US$18,450m in 2024.
In terms of per person revenues, in Oman generates US$11.77 in 2024.
Oman's demand for outdoor furniture is driven by its warm climate and rich cultural heritage, leading to a growing market for traditional and luxury outdoor furniture designs.

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

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Analyst Opinion

The Outdoor Furniture market in Oman has been experiencing steady growth in recent years, driven by a combination of customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors.

Customer preferences: in Oman have shifted towards creating outdoor living spaces that are both functional and aesthetically pleasing. With the country's warm climate and beautiful natural landscapes, there is a growing desire among consumers to spend more time outdoors. This has led to an increased demand for outdoor furniture that is durable, comfortable, and designed to withstand the harsh weather conditions in Oman. Customers also value furniture that is easy to maintain and can be easily moved or rearranged to suit their needs.

Trends in the market: have also played a significant role in the development of the Outdoor Furniture market in Oman. One notable trend is the growing popularity of outdoor dining and entertainment spaces. Many consumers are now investing in outdoor dining sets, loungers, and other furniture pieces that allow them to host gatherings and enjoy meals in their outdoor spaces. Another trend is the increasing demand for eco-friendly and sustainable outdoor furniture. Consumers in Oman are becoming more conscious of the environmental impact of their purchases and are seeking furniture made from recycled or renewable materials.

Local special circumstances: have also contributed to the growth of the Outdoor Furniture market in Oman. The government has been actively promoting tourism and leisure activities in the country, which has led to an increase in the number of hotels, resorts, and outdoor recreational facilities. These establishments require high-quality outdoor furniture to enhance their guests' experience and attract more visitors. Additionally, the growing popularity of outdoor events and festivals in Oman has created a demand for temporary outdoor furniture rentals.

Underlying macroeconomic factors: have further supported the development of the Outdoor Furniture market in Oman. The country's strong economic growth and rising disposable incomes have increased consumers' purchasing power and willingness to invest in outdoor furniture. Furthermore, the government's focus on diversifying the economy and reducing dependence on oil has led to increased investments in the tourism and hospitality sectors, which in turn has driven demand for outdoor furniture. In conclusion, the Outdoor Furniture market in Oman is developing due to customer preferences for functional and aesthetically pleasing outdoor living spaces, trends in the market such as outdoor dining and eco-friendly furniture, local special circumstances such as the growth of the tourism industry, and underlying macroeconomic factors including strong economic growth and rising disposable incomes.

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.