GCC Furniture Rental Market Giants Spending Is Going to Boom
According to the latest market research report title “GCC Furniture Rental Market By Product Type (Indoor Furniture, [Bedroom Furniture, Dining Furniture, Office Furniture, Kitchen Furniture, Living Room Furniture, Storage Furniture], Outdoor Furniture), By Typeof Furniture (Bed, Sofa & Couch, Table & Desk, Chair & Stool, Wardrobes & Dresser, Others (Nightstand, storage benches, etc.)), By Material (Wood, Plastic, Others (Leather, Glass, Metal, etc.)), By End-Users (Residential, Offices, Healthcare Sector, Retail, Others (Government Agencies, Entertainment sector, etc.)), By Country (The UAE, Saudi Arabia, Oman, Qatar, Kuwait, Bahrain)–Forecast to 2024″, published by MarkNtel Advisors, GCC Furniture Rental Market is estimated to grow at a CAGR of around 7.35% during the forecast period, i.e., 2024-30
The data present in the report exhibit from the historic years (2019-22) and the base year (2023) to put together estimations for the forecast period (2024-30). In the study, our researchers put together reliable, unbiased, and accurate data to enlighten investors about fluctuations in the industry & anticipations on what to expect in the future. Since the industry is dynamic and highly fragmented, this report enables the prominent players to make strategic moves associated with their investments in the coming years.
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GCC Furniture Rental Market Opportunity:
Rising Inclination towards Interior Decoration Accelerating Market Growth – Over the past few years, the population in various countries of the GCC region such as Kuwait, Qatar, the UAE, etc. notably engaged in the realm of interior designing and decoration. Interior designs tend to change rapidly which further prompts the customer to upgrade their furniture aligning with the latest trends. Also, the market for furniture rental in the GCC region has experienced significant growth, driven by the flexibility it offers in adapting to evolving design trends without the financial commitment of long-term furniture ownership. Moreover, in alignment with global sustainability initiatives, renting furniture embodies the concept of waste reduction and actively promotes the circular economy by facilitating the return of used furniture to rental services.
As the population is showing mounting affinity towards innovative interior designing pursuits, rental furniture emerging as a versatile solution to achieve the desired interior aesthetics. This inclination toward interior decoration is emerging and driving the market share of GCC Furniture Rental over the past few years and is projected to escalate the market share in the upcoming years as well.
GCC FURNITURE RENTAL Market Segmentation
The GCC FURNITURE RENTAL Market is highly robust and fragmented into numerous segments; –
By Product Type
-Indoor Furniture- Market Size & Forecast 2019-2030, (USD Million)
–Bedroom Furniture- Market Size & Forecast 2019-2030, (USD Million)
–Dining Furniture- Market Size & Forecast 2019-2030, (USD Million)
–Office Furniture- Market Size & Forecast 2019-2030, (USD Million)
–Kitchen Furniture- Market Size & Forecast 2019-2030, (USD Million)
–Living Room Furniture- Market Size & Forecast 2019-2030, (USD Million)
–Storage Furniture- Market Size & Forecast 2019-2030, (USD Million)
-Outdoor Furniture- Market Size & Forecast 2019-2030, (USD Million)
By Type of Furniture
-Bed- Market Size & Forecast 2019-2030, (USD Million)
-Sofa & Couch- Market Size & Forecast 2019-2030, (USD Million)
-Table & Desk- Market Size & Forecast 2019-2030, (USD Million)
-Chair & Stool- Market Size & Forecast 2019-2030, (USD Million)
-Wardrobes & Dresser- Market Size & Forecast 2019-2030, (USD Million)
-Others (Nightstand, storage benches, etc.)- Market Size & Forecast 2019-2030, (USD Million)
By Material
-Wood- Market Size & Forecast 2019-2030, (USD Million)
-Plastic- Market Size & Forecast 2019-2030, (USD Million)
-Others (Leather, Glass, Metal, etc.)- Market Size & Forecast 2019-2030, (USD Million)
By End-Users
-Residential- Market Size & Forecast 2019-2030, (USD Million)
-Offices- Market Size & Forecast 2019-2030, (USD Million)
-Healthcare Sector- Market Size & Forecast 2019-2030, (USD Million)
-Retail- Market Size & Forecast 2019-2030, (USD Million)
-Others (Government Agencies, Entertainment sector, etc.)- Market Size & Forecast 2019-2030, (USD Million)
By Country
-The UAE
-Saudi Arabia
-Oman
-Qatar
-Kuwait
-Bahrain
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Key Players Operating in the GCC FURNITURE RENTAL Market: –
Chapter One
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Indigo Living Limited
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Lafeef
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
The Furniture Rental Company
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Key Questions Answered:
- What is the projected CAGR of the GCC FURNITURE RENTAL Market during the forecast period?
- Which segment is expected to lead the GCC FURNITURE RENTAL Market?
- Who are the prominent players driving market growth?
Key Offerings:
- Market Share, Size, and Revenue Forecast
- Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
- Landscape: Leading key players and other prominent participants
About MarkNtel Advisors
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfilled their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.
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