GCC Furniture Rental Market Statistics Demand Revenue, Revenue Share, Business Insights, Forecast By 2030

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

According to the latest market research report title “GCC Furniture Rental Market By Product Type (Indoor Furniture, [Bedroom Furniture, Dining Furniture, Office Furniture, Kitchen Furniture, Living Room Furniture, Storage Furniture], Outdoor Furniture), By Typeof 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.)), By Country (The UAE, Saudi Arabia, Oman, Qatar, Kuwait, Bahrain)--Forecast to 2030″, published by MarkNtel Advisors, GCC Furniture Rental Market is estimated to grow at a CAGR of around 7.35% during the forecast period, i.e., 2024-30.

The data present in the report exhibit from the historic years (2019-22) and the base year (2023) to put together estimations for the forecast period (2024-30). In the study, our researchers put together reliable, unbiased, and accurate data to enlighten investors about fluctuations in the industry & anticipations on what to expect in the future. Since the industry is dynamic and highly fragmented, this report enables the prominent players to make strategic moves associated with their investments in the coming years.

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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.

GCC Furniture Rental Market Segmentation

The GCC Furniture Rental Market is highly robust and fragmented into numerous segments;

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)

By Country

-The UAE

-Saudi Arabia

-Oman

-Qatar

-Kuwait

-Bahrain

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Key Players Operating in the GCC Furniture Rental Market: -

AREEKA

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Arena Group PLC

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Innovative Hiring

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Style Works

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Key Questions Answered:

  • What is the projected CAGR of the GCC Furniture Rental Market during the forecast period?
  • Which segment is expected to lead the GCC Furniture Rental Market?
  • Who are the prominent players driving market growth?

Key Offerings:

  • Market Share, Size, and Revenue Forecast
  • Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
  • Landscape: Leading key players and other prominent participants

About MarkNtel Advisors

MarkNtel Advisors is a leading research, 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.

Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfilled their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.

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