Living Room Furniture - Qatar

Qatar

In Qatar, the revenue generated in the Living Room Furniture market in 2024 amounts to US$285.80m.
It is projected that the market will experience an annual growth rate of 4.79% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in this segment, with a total of US$73,080m in 2024.
In terms of per person revenue, in Qatar generates US$104.40 in 2024.
Qatar's living room furniture market is experiencing a surge in demand for luxurious and opulent designs, reflecting the country's affluent lifestyle and preference for high-end home decor.

Key regions: China, Germany, Brazil, France, United States

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Analyst Opinion

The Living Room Furniture market in Qatar is experiencing steady growth due to several factors such as changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors.

Customer preferences: in the Living Room Furniture market in Qatar have shifted towards modern and contemporary designs. Customers are increasingly looking for sleek and minimalist furniture pieces that can enhance the overall aesthetics of their living rooms. This preference for modern designs is influenced by global trends and the desire to create a stylish and sophisticated living space. Trends in the market include the growing demand for multifunctional furniture. With limited living space in Qatar, customers are seeking furniture pieces that can serve multiple purposes, such as sofa beds or coffee tables with storage compartments. This trend is driven by the need for practicality and maximizing the utility of furniture in small living rooms. Another trend in the market is the increasing popularity of eco-friendly and sustainable furniture. Customers in Qatar are becoming more conscious of their environmental footprint and are opting for furniture made from sustainable materials such as bamboo or recycled wood. This trend is in line with the global movement towards sustainability and reflects the growing awareness of environmental issues in the country.

Local special circumstances: in Qatar also contribute to the development of the Living Room Furniture market. The country's growing population, urbanization, and increasing disposable income levels have led to a higher demand for furniture. qatar's rapid economic development and the influx of expatriates have created a need for new housing and furniture, particularly in the living room segment.

Underlying macroeconomic factors: such as a strong economy and favorable government policies also play a role in the growth of the Living Room Furniture market in Qatar. The country's robust economy, driven by industries such as oil and gas, construction, and tourism, has resulted in higher consumer spending power. Additionally, the government's initiatives to diversify the economy and promote tourism have attracted more visitors and expatriates, further boosting the demand for furniture. In conclusion, the Living Room Furniture market in Qatar is developing due to changing customer preferences towards modern designs, emerging trends in multifunctional and eco-friendly furniture, local special circumstances such as population growth and urbanization, and underlying macroeconomic factors including a strong economy and favorable government policies. These factors combined contribute to the steady growth and evolution of the market in Qatar.

Methodology

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.