How Big is the GCC Furniture Market?
The GCC furniture market size is expected to exhibit a growth rate (CAGR) of 7.29% during 2024-2032.
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GCC Furniture Market Growth and Trends:
The GCC furniture market is experiencing significant growth, driven by various factors, such as the rising urban development, the increasing disposable income levels, and the expanding real estate sector. In addition to this, the rising investments by government bodies in the construction of residential, commercial, and hospitality properties are also positively influencing the furniture market across the country. Furthermore, the growing trend of interior decoration and the escalating demand for modern and luxurious living spaces among the affluent population in the GCC are further acting as significant growth-inducing factors.
The emerging trends in the GCC furniture market include the elevating need for sustainable and eco-friendly furniture, owing to the increasing consumer environmental concerns. Apart from this, the increasing integration of advanced technologies in the manufacturing processes of furniture, coupled with the growing demand for smart homes, is also propelling the growth of the market.
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