'Saudi Arabia Pillow Market (2018-2024)Market Forecast By Types (Microfiber, Down & Feather, Foam & Memory Foam and Others), By Applications (Residential and Commercial), By Regions (Central, Western, Eastern and Southern), By Distribution Channels (Hyper Markets & Super Markets, Specialist Retailers and Others) and Competitive Landscape'
During 2015-17, in Saudi Arabia the housing and hospitality sectors posted negative growth attributed to the effect of low oil prices; the country witnessed low supply of residential and hotel units. Additionally, Saudi Arabia recorded negative consumer spending as a result of government reforms, changes in indirect tax policies, no salary hikes, wage cuts; this resulted in low furniture sales in the Kingdom, consequently, leading to decline in sale of pillows. However, the pillow market is expected to improve with the stabilization in oil prices. Supply in residential and hospitality sectors are likely to get restored due to rapid urbanization, expected recovery in consumer spending and government initiatives to support tourism growth in the country.
According to this research, Saudi Arabia pillow market is projected to reach $15.0 million by 2024. Down and feather pillows are the most popular type in the Kingdom, followed by microfiber, foam & memory foam, and other types of pillows. Down and feather are in high demand as these are more durable as compared to microfiber pillows (the most common pillows in the market at the moment). Amongst the applications, residential segment accounted for majority of the demand for pillows in Saudi Arabia.
Specialized retailers outperformed other distribution channels such as hyper markets and super markets and traditional stores in terms of pillow sales. Expanding middle class population with growing appetite for status symbol benefitted special retailers in the country. Additionally, wide range of pillows offered by these retailers have been able to entice the consumers as compared to hyper and super markets.
The report thoroughly covers the market by pillow market types, by applications, distribution channels, and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, market drivers, which would help stakeholders to device and align market strategies according to the current and future market dynamics.
Key Highlights of the Report:
- Historical data of GCC Pillow Market for the Period 2014-2017
- Market Size & Forecast of GCC Pillow Market until 2024
- Market Size & Forecast of Saudi Arabia Pillow Revenues Market until 2024
- Historic Data of Saudi Arabia Microfiber Pillow Market Revenues for the Period 2014-2017
- Market Size & Forecast of Saudi Arabia Microfiber Pillow Market Revenues until 2024
- Historic Data of Saudi Arabia Down & Feather Pillow Market Revenues for the Period 2014-2017
- Market Size & Forecast of Saudi Arabia Down & Feather Pillow Market Revenues until 2024
- Historic Data of Saudi Arabia Foam & Memory Foam Pillow Market Revenues for the Period 2014-2017
- Market Size & Forecast of Saudi Arabia Foam & Memory Foam Pillow Market Revenues until 2024
- Historic Data of Saudi Arabia other Pillow Market Revenues for the Period 2014-2017
- Market Size & Forecast of Saudi Arabia other Pillow Market Revenues until 2024
- Historical Data and Forecast of Saudi Arabia Pillow Market, By Applications until 2024
- Historical data and Forecast of Saudi Arabia Pillow Market, By Regions until 2024
- Historical data and Forecast of Saudi Arabia Pillow Market, By Distribution Channels until 2024
- Market Drivers and Restraints
- Players Market Share and Competitive Benchmarking
- Key Performance Indicators
- Key Strategic Recommendations
Markets Covered:
The report provides the detailed analysis of the following market segments:
By Pillow Type:
- Microfiber
- Down & Feather
- Foam & Memory Foam
- Others
By Applications:
- Residential
- Commercial
By Regions:
- Central
- Western
- Eastern
- Southern
Distribution Channels:
- Hyper Markets & Super Markets
- Specialist Retailers
- Others
Table of Contents
1. Executive Summary
Samples
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Companies Mentioned
- Getha Bedding (M) SDN. BHD
- Maya Tekstä°L SAN. VE TÄ°C. LTD. ÅžTÄ°
- Tempur Sealy International Inc