MarkNtel Advisors recently published a detailed industry analysis of the GCC Furniture Rental Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
GCC Furniture Rental Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The GCC Furniture Rental Market is estimated to grow at a CAGR of around 7.35% during the forecast period, i.e., 2024-30,
What are the major Driver the GCC Furniture Rental industry?
Positioning of GCC as an Event Hub to Promote the Furniture Rental Market – The GCC region has long been a global hub for hosting & organizing major international events. With the rise of the UAE, Saudi Arabia, Qatar, etc., as an event hub, the number of furniture rental companies has increased across the region. Hosting numerous events, conferences, trade shows, and exhibitions in the GCC requires a vast amount of event furniture, including seating, booths, tables, and décor. Event organizers opt for furniture rental to create visually appealing and functional event spaces. Thus, upcoming events are acting as a driving force for equipment rental companies, opening up a massive potential market for furniture rental companies across the GCC region.
Furthermore, the UAE, Saudi Arabia, Qatar, etc., government is pushing its capabilities to increase the number of events held in the country each year. For instance, the DBE (Dubai Business Events) captured around 120 events in 2021 and now plans to capture over 400 global events in 2025. Such initiatives for substantial growth in the event sector increase the market size of outdoor furniture and it is anticipated to elevate the GCC Furniture Rental Market in the coming years.
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What segments define the GCC Furniture Rental market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
- 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)
- Indoor 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)
According to report, During 2019-2023, the demand for wood-based rental furniture witnessed considerable growth in the GCC Furniture Rental Market.
- 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)
According to report, The rapid construction of offices & retail buildings such as shopping malls, business parks, etc.,
Explore the Complete GCC Furniture Rental Market Analysis Report –
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Geographical Analysis: GCC Furniture Rental Market
- By Country
- The UAE
- Saudi Arabia
- Kuwait
- Qatar
- Oman
- Bahrain
GCC Furniture Rental Market Share & Competitive Landscape:
The GCC Furniture Rental Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the GCC Furniture Rental Market are:
- AREEKA
- Arena Group PLC
- Innovative Hiring
- Style Works
- Risala Furniture
- CORT
- Chapter One
- Indigo Living Limited
- Lafeef
- The Furniture Rental Company
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Questions Addressed in this Study
1.What factors are driving the GCC Furniture Rental Market growth?
2.How is the GCC Furniture Rental Market expected to grow over the next five years?
3.What are the key insights into the current trends in the GCC Furniture Rental Market?
4.What is the current size of the GCC Furniture Rental Market, and how is it projected to change in the future?
6.What is the future outlook for the GCC Furniture Rental Market in terms of technological advancements and market expansion?
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