Key regions: India, France, United States, Canada, Denmark
The Home Décor market in United Arab Emirates has been experiencing significant growth in recent years. Customer preferences in the Home Décor market in United Arab Emirates have been shifting towards more modern and contemporary styles. Customers are increasingly looking for sleek and minimalist designs that reflect their personal taste and lifestyle. This trend can be attributed to the growing influence of global design trends and the increasing exposure to international brands through social media and online platforms. Additionally, customers are also placing a greater emphasis on functionality and practicality in their home décor choices, opting for multi-purpose furniture and accessories that can maximize space and serve multiple functions. One of the key trends in the Home Décor market in United Arab Emirates is the rising demand for sustainable and eco-friendly products. Customers are becoming more conscious of the environmental impact of their purchasing decisions and are actively seeking out products that are made from sustainable materials and produced using environmentally friendly processes. This trend is driven by a combination of factors, including increased awareness of climate change and the desire to support brands that align with their values. Another trend in the Home Décor market in United Arab Emirates is the growing popularity of online shopping. Customers are increasingly turning to online platforms to browse and purchase home décor products, due to the convenience and wide range of options available. Online retailers are capitalizing on this trend by offering personalized recommendations and virtual design services, allowing customers to visualize how products will look in their homes before making a purchase. Local special circumstances in the Home Décor market in United Arab Emirates include the high disposable income of the population and the cultural significance of home décor. The United Arab Emirates has a high per capita income, which allows residents to spend more on luxury and high-end home décor products. Additionally, home décor is seen as a way to showcase wealth and social status in the United Arab Emirates, leading to a high demand for luxury and unique pieces. Underlying macroeconomic factors that are driving the growth of the Home Décor market in United Arab Emirates include a strong real estate market and a booming tourism industry. The United Arab Emirates has experienced rapid urbanization and a construction boom, resulting in a high demand for home décor products. Additionally, the country attracts a large number of tourists who are interested in purchasing home décor items as souvenirs or for their own homes, further driving the market growth.
Data coverage:
Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments are not specific to any room.Modeling approach / Market size:
Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.Additional Notes:
The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.
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