Overview of the GCC Furniture Rental Market: Key Statistics and Trends:

According to the latest report by MarkNtel Advisors, titled “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.)), The  GCC Furniture Rental Market is estimated to grow at a CAGR of around 7.35% during the forecast period, i.e., 2024-30. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.

 GCC Furniture Rental Market Growth and Scope:

Base Year: 2023

Forecast Period: 2024-30

Historical Data: 2019-22

CAGR (2024-30): 7.35%

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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.

A Comprehensive Analysis of Leading Companies of GCC Furniture Rental Market by MarkNtel Advisors:

• AREEKA
• Arena Group PLC
• Innovative Hiring
• Style Works
• Risala Furniture
• CORT
• Chapter One
• Indigo Living Limited
• Lafeef
• The Furniture Rental Company
• Others

Key GCC Furniture Rental Market Segmentation:

Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/gcc-furniture-rental-market.html

-By Material

• Wood
• Plastic
• Others (Leather, Glass, Metal, etc.)

During 2019-2023, the demand for wood-based rental furniture witnessed considerable growth in the GCC Furniture Rental Market.

-By End Users

• Residential
• Offices
• Healthcare sector
• Retail
• Others (Government Agencies, Entertainment Sector, etc.)

The rapid construction of offices & retail buildings such as shopping malls, business parks, etc., across the GCC region, has positively impacted the demand for furniture rental in the last few years.

-By Product Type

• Indoor 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)

Geographical Analysis

-By Region

• The UAE
• Saudi Arabia
• Oman
• Qatar
• Kuwait
• Bahrain

The UAE dominates the GCC Furniture Rental Market with a considerable share during the period of 2019-2023.

Key Reports Highlights:

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

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Key Advantages of the Report by MarkNtel Advisors:

• Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
• Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
• Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.

Note: If you need additional information not included in the report, we can customize it to suit your requirements.

About Us –

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 7.350+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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