Rapidly expanding furniture demands is driving the growth of UAE Furniture Fittings Market, in the forecast period, 2022-2026.
According to TechSci report on, “UAE Furniture Fittings Market By Product Type (Cabinet Handles, Cabinet Knobs, Profile Handles, Hinges, Latches, Others) By Material Type (Zinc Alloy, Aluminum Alloy, Iron, Plastic, Stainless Steel, Other) By Application (Tables, Chairs, Beds, Desks, Dressers, Cupboards, Others) By Distribution Channel (Furniture Specialty Store, Other Hardware Stores, Online, Others) By Region, Competition Forecast & Opportunities, 2026”, UAE furniture fittings market has shown promising growth in historical years until 2019 and is expected to continue its growth in upcoming forecast years 2021 to 2026. UAE furniture fittings market owes its growth to the factors like rising demand of decorative furniture among the consumers. Rapidly increasing commercial complexes and residential infrastructure is further aiding the growth of the market in the subsequent years. Moreover, rapidly increasing number of the market players in the country is also supporting growth of the UAE furniture fittings market in the upcoming five years. Additionally, rapidly growing urbanization, globalization and consumer inclination toward aesthetically pleasing furniture fittings is driving the growth of the UAE furniture fittings market in the next five years until 2026.
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The UAE furniture fittings market is segmented as product type, material type, application, distribution channel, competitional landscape, and regional distribution. Based on material type, the market is further segmented into zinc alloy, aluminum alloy, iron, plastic, stainless steel, and other. Stainless steel material is the most widely accepted construction material for the furniture. The material is sturdy, rust proof, and provides prolonged life for the hinges, latches and knobs. Thus, stainless steel material is anticipated to hold the largest revenue shares of the market segment and assert its dominance over the market segment. Plastic is anticipated to register the fastest growing CAGR on the account of technological advancements employed in making the plastic as a sturdy and designer décor and support the growth of the market in the subsequent five years.
Based on product type, the market is further bifurcated into cabinet handles, cabinet knobs, profile handles, hinges, latches, and others. Cabinet handles are anticipated to register fastest growing CAGR of the market and assert its dominance over the market on the account of rapidly increasing demand of the designer and sturdy cabinets and the aesthetically pleasing outlooks. The product is anticipated to draw consumer attention toward the cabinets and the availability of the abundant products in the market is further aiding the growth of the market in the next five years. Hinges and latches are expected to hold the largest revenue shares of the market and assert its dominance over the market segment on the account of rapidly increasing infrastructure in the country. The concept of privacy and security is also aiding to the growth of the market in the next five years. Cabinet knobs are anticipated to register significant growth in the next five years due to surging demand of cabinets with modern knobs.
A partial list of market player in the UAE furniture fittings market includes Ectratech Trading LLC, Haroon Company, Al Jamoom Hardware Trading LLC, Hafele, Inox Hardware Trading LLC, Economic Trading LLC, Ultimate Hardware Solutions LLC, Napoli Hardware Trading LLC, Mansur Brothers LLC, IKEA Dubai Festival City, Home Centre UAE, La Decor L.L.C, Danube Home Abu Dhabi, Khomosi Traders Dubai, AL MANBAR Hardware Trading, among others. These market players hold larger shares of the market than the new market players. With the evolving technology, it is appropriate to say that the effective research and development of the technologically advanced instruments and methods to satisfy consumer demands would support the market growth and benefit the market players as well as the consumers. New market players may focus on the research and development to provide such products and services that satisfies the consumer demand as well as benefits the market players in building their brand value. Other competitive strategies include mergers & acquisitions and new product developments.
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“Research and technological advancement for the best available product manufacturing is going to be golden rules for the growing and expanding furniture fitting market in UAE. The consumers do not shy away from expensive products, in fact the consumer taste is quite exquisite and lavish in terms of home décor. The number of aesthetically pleasing furniture and furniture fittings is rapidly growing and this surge in the demand is expected to support the growth of the market in the upcoming five years. New market players are advised to study the market thoroughly. The product demand is ever evolving therefore they must invest in the advanced material for the construction of the furniture fittings that is aesthetically pleasing as well as sturdy enough to withstand pressure any kind and satisfy the consumer demands,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“UAE Furniture Fittings Market By Product Type (Cabinet Handles, Cabinet Knobs, Profile Handles, Hinges, Latches, Others) By Material Type (Zinc Alloy, Aluminum Alloy, Iron, Plastic, Stainless Steel, Other) By Application (Tables, Chairs, Beds, Desks, Dressers, Cupboards, Others) By Distribution Channel (Furniture Specialty Store, Other Hardware Stores, Online, Others) By Region, Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of UAE furniture fittings market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in UAE furniture fittings market.
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