NEW YORK , Jan. 7, 2025 /PRNewswire/ -- The global luxury furniture market in middle east size is estimated to grow by USD 401.7 million from 2025 to 2029, according to Technavio.
The market is estimated to grow at a CAGR of 4.2% during the forecast period. The report provides a comprehensive forecast of key segments below- Segmentation Overview 1.
1 Residential 1.2 Commercial 2.1 Offline 2.
2 Online 3.1 Middle East Get a glance at the market contribution of rest of the segments - Download a FREE Sample Report in minutes! 1.1 Fastest growing segment: The Middle East luxury furniture market is experiencing notable growth, particularly in the residential segment.
This segment includes furniture items such as lounge chairs, ottomans, sofas, tables, outdoor seating, and bedroom and dining furniture. Major players in this sector include MillerKnoll, IKEA, and Minotti. The residential segment's growth is driven by the increasing demand for multifunctional and multipurpose luxury furniture, particularly foldable beds and extendable sofa sets.
The luxury residential furniture market is categorized into living room, bedroom, dining and kitchen, and other residential furniture. The living room segment features reclining sofas, sofa cum beds, L-shaped sofas, and other items. The bedroom segment consists of king and queen beds, lounge chairs, and various storage solutions.
The dining and kitchen furniture segment includes dining tables, chairs, and kitchen cabinets. New product launches ar.
