GCC Furniture Rental Market to Witness 7.35% CAGR Boom Through 2024-30 – Latest MarkNtel Advisors Report

Market Overview: GCC Furniture Rental Market

MarkNtel Advisors, leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on GCC Furniture Rental Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.

GCC Furniture Rental Market Insights 2024-30

The GCC Furniture Rental Market is estimated to grow at a CAGR of around 7.35% during the forecast period 2024-30.

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Driving Innovation: Exploring the GCC Furniture Rental Market and its Key Drivers

GCC Furniture Rental Market Driver: 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.

Top Players in the GCC Furniture Rental Market:

Sovereign Group, Nathan & Nathan, Miza Business Solutions, Tharwah, Respeed, IRSAA Business Solutions, The First national Human Resource Company (FNRCO), ETISAL International, Marcom Arabia, Raya Customer Experience, Other

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Segmentation Analysis of GCC Furniture Rental Market

GCC Furniture Rental Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

By Product Type

-Indoor Furniture

–Bedroom Furniture

–Dining Furniture

–Office Furniture

–Kitchen Furniture

–Living Room Furniture

–Storage Furniture

-Outdoor Furniture

By Type of 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 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.

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A Comprehensive Geographical Analysis:

By Country

-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.

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

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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