Furniture Industry

The Furniture Industry consists of businesses that manufacture and sell furniture, textiles and related goods to residences, offices, hotels and others in the commercial space. Offerings include upholstery, case goods, bedding, seating, hearth products, and fabrics. Though mature, this industry will present investors with investment opportunities during certain periods within the economic cycle.

Major raw materials that are required for the production of furniture products are wood. Some other inputs include fittings and finishing materials. It was observed that the demand for high-end luxury furniture items has increased over the years. Furniture items, which entail heavy fabric and leather, were more preferred by the people of the country.

The UAE furniture industry is expected to register a positive growth on coming years, With the increase in demand for residential apartments, the country is likely to witness an increase in the expat population, owing to the stability in oil prices in the near future.