Furniture - Qatar

Qatar

In Qatar, the Furniture market is projected to generate a revenue of US$1,058.00m in 2024.
It is anticipated that the market will experience an annual growth rate of 4.13% (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$285.80m in 2024.
When compared globally, United States leads in revenue generation with a staggering US$263bn in 2024.
Considering the total population figures, the per person revenue in Qatar for the Furniture market is calculated to be US$386.50 in 2024.
In Qatar, the furniture market is booming due to the country's high disposable income and increasing demand for luxury home furnishings.

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 Qatar is experiencing significant growth and development, driven by several factors. Customer preferences in Qatar are shifting towards more modern and contemporary furniture styles. Customers are looking for sleek and minimalist designs that fit well with the overall aesthetic of their homes. Additionally, there is a growing demand for multifunctional furniture that can maximize space in smaller living areas. This shift in preferences is in line with global trends, as customers around the world are increasingly gravitating towards modern and minimalist designs. Trends in the market also show a growing interest in sustainable and eco-friendly furniture options. Qatar, like many other countries, is becoming more environmentally conscious, and customers are seeking furniture made from sustainable materials and produced using eco-friendly manufacturing processes. This trend is driven by a combination of consumer awareness and government initiatives to promote sustainability. Local special circumstances in Qatar also contribute to the development of the furniture market. The country has a high population of expatriates, who often have different preferences and tastes in furniture compared to the local population. This diversity in

Customer preferences: creates a demand for a wide range of furniture styles and designs, catering to different cultural backgrounds and tastes. Underlying macroeconomic factors in Qatar are also playing a role in the growth of the furniture market. The country's strong economy and high per capita income levels provide consumers with the purchasing power to invest in high-quality furniture. Additionally, qatar's booming construction sector, driven by infrastructure development and preparations for major events such as the fifa World Cup, creates a demand for furniture for new residential and commercial buildings. In conclusion, the Furniture market in Qatar is developing in response to changing customer preferences, a growing interest in sustainable options,

Local special circumstances: and

Underlying macroeconomic factors:. As customers in Qatar increasingly seek modern and minimalist designs, furniture retailers are adapting their offerings to meet these preferences. The demand for sustainable furniture is also on the rise, driven by consumer awareness and government initiatives. The diversity of the population in Qatar, including a large expatriate community, creates a demand for a wide range of furniture styles. Finally, the country's strong economy and construction boom contribute to the growth of the furniture 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.