Qatar Furniture Market Trend, Size, Share, Trends, Growth, Report and Forecast 2023-2028

General

MarkNtel Advisors recently released a research report focusing on the Qatar Furniture Market for the forecast period of 2023-28. This approach enhances user understanding and supports well-informed decision-making. The report comprehensively addresses significant changes, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges using qualitative and quantitative data. To familiarize established businesses and newcomers with the present market scenario, the report offers detailed growth prospects for the industry and concise insights into competitors.

Qatar Furniture Market Insight and Analysis:

The Qatar Furniture market is projected to grow at a CAGR of around 5.63% during the forecast period, i.e., 2023-28.

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Qatar Furniture Industry Segmentation:

By Material

-Plastic

-Wood

-Metal

By Product Categories

-Indoor Furniture

-Bedroom Furniture

-Beds

-Chest of Drawers

-Wardrobe

-Dining Furniture

-Home Office Furniture

-Kitchen Furniture

-Living Room Furniture

-Sitting Furniture

-Sofa Beds

-Other Sofas

-Storage Furniture

-Outdoor Furniture

By End-Users

-Residential Furniture

-Office

-Hospitality

-Healthcare

-Retail

-Others (Education, Rental Companies, etc.)

By Distribution Channel

-Offline

-Specialty Stores

-Hypermarkets & Supermarkets

-Others

-Online Stores.

Qatar Furniture Market (2023-28): Segmentation Analysis

The Qatar Furniture Market study of MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2023–2028 at the regional, and national levels. Based on the analysis, the market has been further classified as:

Based on Material:

  • Plastic
  • Wood
  • Metal

The furniture articles that are made of Wood have been dominating the market over the past years. Wooden furniture, such as sofas, chairs, etc., have been predominantly in demand, as carving on softwood gives an artistic & elegant look, thereby attracting wide range of customers across Qatar. However, plastic-made articles such as chairs, benches, tables, etc., have also come up in the market. These plastic-based articles come in different varieties, colors, and shapes, due to which end-users find these articles to be more attractive.

Apart from it, for outdoor, plastic material is more durable in comparison to wood & metal, which is why there is a growing prominence of plastic-based furniture articles for outdoor sittings in cafes, restaurants, lounges, etc. In the coming years as well, the demand for these articles is expected to grow because they are more convenient to use & have a longer product life compared to wood & metal articles. Thus, creating a conducive environment for the growth of the market in the coming years.

Based on Distribution Channel:

  • Offline Stores
    • Specialty Stores
    • Hypermarkets & Supermarkets
    • Others
  • Online Stores

Offline Furniture Stores have had a dominant share in the Qatar Furniture market during the historical years as customers find it very convenient to go to a store & physically look for their choice of furniture. Further, a huge variety ranges are available in one place, which enables customers to choose from a diverse variety. However, in recent years, online platforms have also emerged as a major distribution platform as it allows customers to easily compare products through VR & AR. Apart from it, these platforms allow customers to easily compare products from different websites. This makes online stores emerge as major distribution channels for sales in Qatar. Thereby creating a positive market outlook for the growth of the Qatar Furniture market in the coming years.

Qatar Furniture Industry Recent Developments 

  • 2022: Home Box launched its first store in Qatar, situated in the mall of Qatar, Doha. In Eastern Countries, Qatar is the 4th country where the company has opened its store due to the growing demand. For upcoming years as well Home Box has plans for further expansion in the country. 
  • 2022Milano by Danube Home opened its store in Qatar to provide affordable luxury fittings & furniture range.

The Qatar Furniture Market Trend:

Growing Prominence of Online Sales – The growth in online retail stores in various sectors, such as apparel, home appliances, etc., has had a positive impact on the sales. Many brands, like The One Qatar, Home Centre, etc., have now started their operations online as well, with easy return & replacement policies. Apart from it, numerous online websites have hi-tech virtual reality (VR) & artificial intelligence (AI) embedded in them, allowing customers to have a real-life experience of buying furniture from the stores. Further, online platforms also provide the 3D feature to check if a particular type would suit their house decor or not. Thereby increasing online sales & positively impacting the market in the coming years. For instance, IKEA Qatar offers a full range of furniture services online right from selection to professional consultation, delivery, and assembly.

Top Leading key players of Qatar Furniture Market

A thorough examination of the competitive landscape of the market involves a comprehensive analysis of its key competitors. This analysis delves deep into each company’s profile, financial achievements, market presence, potential, Research and Development (R&D) expenditures, recent strategic initiatives in the market, footprint, strengths, weaknesses, and market dominance. The information provided offers a comprehensive overview of the leading market players, including 

-Tivoli Furniture

-Almuftah Group

-Al Rugaib Furniture

-IKEA

-HomeCenter

-Marina Home

-Danube Home

-Almana Maple

-Decoration World

-Depa Qatar

-The One

-Home RUs.

The Qatar Furniture Market report addresses the following concern:

  1. The Qatar Furniture Market report explores the influence of key trends on market share within the primary segments.
  2. What are the leading market trends that propel the expansion of the Qatar Furniture market?
  3. What are the projected CAGR, market size, and growth rate for the Qatar Furniture Market in the upcoming years?
  4. What are the key players in the Qatar Furniture market, and what strategies are they implementing?
  5. What factors, such as industry trends, drivers, and challenges, are contributing to the growth of the Qatar Furniture market?

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