Online Furniture Market Saudi Arabia Industry Size Furniture Saudi Arabia | Page 3

availability of wide range of local and foreign products for homes, offices, hotels and industries in the recent years, has been
a strong factor which has led to the surge in the market revenues during 2015-2016.
China Furniture Market Outlook to 2020 - Surge in Demand for Children Furniture and Rise in Trend of Online
Furniture Sales to Shape Future
The furniture market in China has grown with a CAGR of 10.3% during the period 2010-2015. The revenues generated by
China furniture market were evaluated at USD 40.9 billion in 2010 and has grown to USD 66.8 billion by end of 2015. The
furniture industry in China has been immensely driven by its ability to provide best quality furniture products at best
affordable prices without compromising on the quality standards and low cost skilled workforce. With the substantial growth
in the real estate industry, technology and increasing growth rate in tourism from 1.2% in 2011 to 4.1% in 2015 had led to
inauguration of many new public and private construction projects, automation in the manufacturing process and increase in
the number of hotels, bars & restaurants in country.
India Furniture Market Outlook to 2020 - Surging Popularity of Online Marketplace and Preferences towards
Organized Furniture Brands to Fuel Growth
In FY'2015, the furniture market in India clocked revenue worth INR 1,049.1 billion which increased by 16.5% from INR
899.6 billion in FY'2014. The furniture market has experienced a substantial growth in the last few years. There are several
factors which have led to this growth such as surge in real estate and housing activity, increasing growth in the information
technology and services sectors, growing affluence both in the urban and rural areas and higher proportion of middle class
Indians aspiring for better lifestyle.
Malaysia Furniture Market Outlook to 2020 - Growth in Furniture Export and Rise in Trend of Online Furniture
Sales to Drive Future
The furniture market of Malaysia had increased from USD 3,045.8 million in 2010 to USD 3,357.6 million in 2015 at a
CAGR of 2% during the period 2010-2015. The furniture market in the country had been immensely driven by a substantial
growth in the real estate, travel & tourism and hospitality domains over the years. The rising number of commercial projects
along with a greater spending on the infrastructure had also provided an enormous growth to the furniture market in the last
few years.
Source: https://www.kenresearch.com/consumer-products-and-retail/home-and-office-furnishings/ksa-home-
furniture-market/142278-95.html
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