GCC Furniture Rental Market Primed for a 7.35% CAGR Rise Through 2024-2030

GCC Furniture Rental Market: In-Depth Analysis and Forecasts for 2024-2030

MarkNtel Advisors, a leading market research firm, has showed its latest study titled "GCC Furniture Rental Market", offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.

The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.

Analysis and Insights into the GCC Furniture Rental Market: 2024-2030

GCC Furniture Rental Market is estimated to grow at a CAGR of around 7.35% during the forecast period, i.e., 2024-30, due to the significant construction of hotels, multi-cuisine restaurants, resorts, etc. The retail hospitality sector would likely foresee significant growth in the GCC Furniture Rental Market in the forecast years, as the inbound tourists are rising across the region mainly for occupational purposes.

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What are the primary factors driving the growth of the GCC Furniture Rental Market?

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.

GCC Furniture Rental Market Segmentation:

The GCC Furniture Rental market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.

By Product Type

Indoor Furniture- Market Size Forecast 2019-2030, (USD Million)

Bedroom Furniture- Market Size Forecast 2019-2030, (USD Million)
Dining Furniture- Market Size Forecast 2019-2030, (USD Million)
Office Furniture- Market Size Forecast 2019-2030, (USD Million)
Kitchen Furniture- Market Size Forecast 2019-2030, (USD Million)
Living Room Furniture- Market Size Forecast 2019-2030, (USD Million)
Storage 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)

By Material

Wood- Market Size Forecast 2019-2030, (USD Million)
Plastic- Market Size Forecast 2019-2030, (USD Million)
Others (Leather, Glass, Metal, etc.)- Market Size Forecast 2019-2030, (USD Million)

By End-Users

Residential- Market Size Forecast 2019-2030, (USD Million)
Offices- Market Size Forecast 2019-2030, (USD Million)
Healthcare Sector- Market Size Forecast 2019-2030, (USD Million)
Retail- Market Size Forecast 2019-2030, (USD Million)
Others (Government Agencies, Entertainment sector, etc.)- Market Size Forecast 2019-2030, (USD Million)

Geographical Analysis into the GCC Furniture Rental Market:

The GCC Furniture Rental market is categorized based Countries:

The UAE
Saudi Arabia
Oman
Qatar
Kuwait
Bahrain

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Competitive Landscape and GCC Furniture Rental Market Share Analysis:

The competitive landscape of the GCC Furniture Rental Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.

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

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Questions Addressed in this Study

What factors are driving the GCC Furniture Rental Market growth?
How is the GCC Furniture Rental Market expected to grow over the next five years?
What are the key insights into the current trends in the GCC Furniture Rental Market?
What is the current size of the GCC Furniture Rental Market, and how is it projected to change in the future?
What is the future outlook for the GCC Furniture Rental Market in terms of technological advancements and market expansion?

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