GCC Rental Furniture Market Share, Revenue, Trends, Demand, Future Strategy, Challenges and Growth Opportunities Till 2033


GCC Rental Furniture Market Share, Revenue, Trends, Demand, Future Strategy, Challenges and Growth Opportunities Till 2033: SPER Market Research

 Category : Consumer & Retail

 Published: Nov-2023
 Author: SPER Analyst

GCC Furniture Rental Market is projected to be worth USD XX billion by 2033 and is anticipated to surge at a CAGR of 7.58%.

Renting furniture to consumers as opposed to buying it is the main idea behind the furniture rental concept. Because of the ongoing changes in fashion and design, consumers are no longer demanding to own commodities, items, and objects forever. Because furniture rentals are less expensive and require less upkeep, they have shown to be advantageous for consumers.

GCC Furniture Rental Market Driving Factors and Challenges

There are several drivers that driving market growth. The interior decoration market is growing due to growing interest. People in various GCC countries, including Kuwait, Qatar, and the UAE, have been more interested in interior design and décor in recent years. Customers often have to update their furniture to stay up to date with the latest trends since interior designs tend to change quickly. Additionally, the GCC region's furniture rental industry has expanded dramatically because it offers the flexibility to adapt to new design trends without requiring the long-term financial commitment of furniture ownership.

Additionally, renting furniture is emerging as a variety of options for attaining the desired interior aesthetics, as the public's interest in cutting-edge interior design rises.

Inadequate Furniture Rental Service Awareness and Advertising - Bad promotion and a lack of understanding about furniture leasing have a negative impact on market growth in the GCC region. Customers continue to buy expensive furniture because the general public is unaware of furniture leasing services. This has a substantial impact on the region's potential expansion of the furniture rental company.

Furthermore, while furniture rental provides flexibility, a wide range of possibilities, and a low cost, a lack of understanding inhibits its acceptability among the populace seeking economical furniture solutions around the region. Furthermore, perceived uneasiness among potential clients is a significant impediment.

Impact of COVID-19 on GCC Furniture Rental Market 
COVID-19 has affected every industry, including the furniture rental industry. The growing number of people working remotely or from home has resulted in significant growth in furniture rental. The world's largest furniture manufacturers are altering their business models and developing rental businesses. Furthermore, buyers would want to save money, increasing the likelihood that rental furniture would see an increase in demand following the lockout. As a result, the furniture rental industry developed consistently throughout the outbreak and is expected to expand more following the lockdown.

GCC Furniture Rental Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; ARREKA, Arena Group PLC, Innovative Hiring, Style Works, Risala Furniture, CORT, Chapter One, Indigo Living Limited, Lafeef, The Furniture Rental Company and others.

GCC Furniture Rental Market Segmentation:

By Product Type: Based on the Product Type, GCC Furniture Rental Market is segmented as; Indoor Furniture, Outdoor Furniture.

By Type of Furniture: Based on the Type of Furniture, GCC Furniture Rental Market is segmented as; Bed- Market , Chair & Stool, Sofa & Couch, Table & Desk, Wardrobes & Dresser, Others.

By Material: Based on the Material, GCC Furniture Rental Market is segmented as; Wood, Plastic, Others.

By End User: Based on the End User, GCC Furniture Rental Market is segmented as; (Residential, Offices, Healthcare Sector, Retail, Others)

By Region: This research also includes data for The UAE, Saudi Arabia, Oman, Qatar, Kuwait, and Bahrain.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

Join Our SPER Panel

Our Global Clients

Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
SPER-Astellas Pharma
SPER-Citi Bank
SPER-Johnson & Johnson


Market Research

We are the leading, full-service global market research and consulting company.

iso-1 iso-1 iso-1 ESOMAR
Secure Payments
SPER Payment Options
Contact HR

 [email protected]