NEW YORK , Nov. 22, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The luxury furniture market in middle east size is estimated to grow by USD 413.02 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.48% during the forecast period. Increase in number of office spaces is driving market growth, with a trend towards increasing acceptance and demand for eco-friendly products. However, growing prominence of furniture rentals poses a challenge.Key market players include Anna Casa Ltd., Auraliving, B and B Italia SPA, Boca Do Lobo, Defure Furniture Trading LLC, DelightFULL, Giorgio Armani S.p.A ., Haworth Inc., Inter IKEA Holding BV, Lazzoni Furniture, Luma Inc., LVMH Moet Hennessy Louis Vuitton SE, MillerKnoll Inc., Minotti S.p.A., Natuzzi SpA, Next Space LLC, Pan Emirates Home Furnishings, Poltrona Frau SPA, Scavolini S.p.a., and Workspace. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Market Driver The Middle East luxury furniture market is thriving, with trends including high-demand for lighting, tables, chairs and sofas, accessories, and bedroom furniture. Real estate developments and markets in the real estate sector continue to drive growth in the residential and commercial segments. Oil price fluctuations impact the market, but consumers remain interested in luxury furniture pieces made from high-quality materials like metal, glass, and wood. Home renovation and decoration projects in homes, offices, hotels, restaurants, and schools fuel demand for designer furniture. Tech-savvy consumers seek automation and digitalization, leading to a focus on smart devices and multifunctional furniture. Personalized shopping experiences are in vogue, with flagship stores and specialty stores offering unique furniture pieces. Online sales via home centers, departmental stores, e-commerce websites, and RTA (Ready-to-Assemble) furniture are on the rise. Wood and leather remain popular choices for their aesthetic appeal and durability. The market caters to various sectors, including residential, commercial, office, hospitality, and school furniture. Comfort is a key consideration, with marketing campaigns and social media platforms promoting the latest product designs in living rooms, kitchens, outdoor spaces, bathrooms, and bedrooms. Plastic furniture is also gaining traction for its affordability and versatility. Overall, the market is diverse, with trends reflecting the needs and preferences of consumers in the region. The luxury furniture market in the Middle East is experiencing growth due to the rising demand for eco-friendly furniture. This trend is driven by the benefits of using sustainable and recycled materials in furniture production. Eco-friendly furniture contributes to cleaner air and less environmental pollution by reducing the amount of waste and deforestation. Moreover, refurbished or recycled furniture helps in reducing landfills and conserving forests. The demand for recycled furniture is projected to increase due to its cost-effectiveness compared to new pieces. Various non-profit trade associations have established guidelines for eco-friendly furniture suppliers and manufacturers in the region, further promoting this sustainable practice. Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! Market Challenges The Middle East luxury furniture market faces several challenges in various segments. In the residential sector, there's a growing demand for high-quality lighting, tables, chairs and sofas, cabinets, and accessories made from materials like metal, glass, and wood. Real estate developments and markets, as well as oil price fluctuations, impact the luxury furniture market. Home renovation and decoration projects in homes, offices, hotels, schools, and restaurants require exclusive, unique furniture pieces with aesthetic appeal and durability. Technological advancements such as automation and digitalization cater to tech-savvy consumers seeking personalized shopping experiences. The commercial segment, including offices and corporate environments, requires functional, multifunctional furniture. The hospitality industry demands comfortable, designer furniture for residential spaces. Marketing campaigns and social media platforms are essential tools for reaching consumers in the residential and commercial segments. Online sales through e-commerce websites and departmental stores are increasing, making it crucial for businesses to adapt to the global e-retail industry. The online and offline retail landscape offers opportunities for both RTA and specialty stores, catering to various customer preferences and budgets. Plastic furniture is gaining popularity for its affordability and versatility, while living room, kitchen, outdoor, and bathroom furniture remain in high demand. Smart devices and upholstery are essential components of modern luxury interior furnishings. The furniture industry continues to evolve, with a focus on comfort, product designs, and online retailing. The Middle East luxury furniture market faces a significant restraint due to the growing popularity of furniture rentals among consumers. Urbanization has led to an increase in demand for rented apartments and single homes, causing many to opt for rented furniture instead of purchasing. Rental prices for items like sofa-cum beds range from USD26 and above per month, depending on the material. This cost-effective alternative decreases switching costs, thereby limiting the market's growth. Discover how AI is revolutionizing market trends- Get your access now! Segment Overview This luxury furniture market in Middle East report extensively covers market segmentation by 1.1 Residential 1.2 Commercial 2.1 Offline 2.2 Online 3.1 Middle East 1.1 Residential- The Middle East luxury furniture market is experiencing notable growth, particularly in the residential segment. This segment includes furniture items such as lounge chairs, ottomans, sofas, tables, outdoor seating, and bedroom and dining furniture. Major players in this sector include MillerKnoll, IKEA, and Minotti. The residential segment's growth is driven by the increasing demand for multifunctional and multipurpose luxury furniture, particularly foldable beds and extendable sofa sets. The luxury residential furniture market is categorized into living room, bedroom, dining and kitchen, and other residential furniture. The living room segment features reclining sofas, sofa cum beds, L-shaped sofas, and other items. The bedroom segment consists of king and queen beds, lounge chairs, and various storage solutions. The dining and kitchen furniture segment includes dining tables, chairs, and kitchen cabinets. New product launches are invigorating the growth of these segments in the Middle East . The luxury residential living room furniture segment comprises reclining sofas, sofa cum beds, L-shaped sofas, lounge chairs, nested tables, television units, shelves, and bookcases. The luxury residential bedroom furniture segment includes king and queen beds, lounge chairs, wardrobes, bedside tables, dressing tables, and storage solutions. The luxury residential dining and kitchen furniture segment consists of dining tables, chairs, and kitchen cabinets. Frequent product launches in these categories are driving the growth of the luxury residential living room, bedroom, and dining and kitchen furniture segments in the Middle East . Additionally, the other luxury residential furniture application segment includes outdoor furniture, kids' furniture, swings and hammocks, canopies, wall shelves, swivels, and gliders. These factors are expected to continue driving the growth of the residential segment of the luxury furniture market in the Middle East during the forecast period. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics Research Analysis The Luxury Furniture Market in the Middle East is a thriving industry, catering to the region's growing demand for high-end home furnishings. This market encompasses a wide range of products, including Lighting, Tables, Chairs and Sofas, Accessories, Cabinets, and more. The Residential and Commercial sectors are significant consumers of luxury furniture pieces, with Home Centers and Flagship Stores being popular shopping destinations. Luxury furniture is often crafted from High-quality materials such as Metal, Glass, and Wood, adding Aesthetic appeal to any space. Home renovation and Decoration projects are common applications for these pieces, with Schools, Homes, Offices, Kitchens, Outdoor areas, Bathrooms, Hospitality venues, and even RTA and Non-RTA establishments investing in them. Beds, Departmental Stores, E-commerce Websites, and other retail channels also contribute to the market's growth. With a focus on innovation and design, the Middle East Luxury Furniture Market continues to attract both local and international buyers seeking unique and sophisticated home solutions. Market Research Overview The luxury furniture market in the Middle East is thriving, with a focus on high-end offerings in various segments. Lighting, Tables, Chairs and Sofas, Accessories, and Cabinets are popular categories, featuring Luxury furniture pieces made of high-quality materials such as Metal, Glass, and Wood. Real estate developments and markets in the sector continue to drive demand for residential and commercial spaces, fueled by oil price fluctuations. Home renovation and decoration projects in Homes, Offices, Hotels, Restaurants, and Schools are on the rise, with a preference for unique furniture pieces and aesthetic appeal. Tech-savvy consumers seek automation and digitalization, leading to a growing trend of multifunctional furniture and smart devices. Marketing campaigns on social media platforms cater to personalized shopping experiences, with both online and offline sales channels, including Home Centers, Flagship Stores, and Specialty Stores, offering a wide range of products, from Wood and leather upholstery to Plastic and RTA furniture. Online retailing through e-commerce websites is also gaining popularity in the Global e-retail industry, providing convenience and accessibility to consumers in the residential and commercial segments. Overall, the Middle East luxury furniture market is characterized by its focus on comfort, durability, and designer furniture for various residential and commercial purposes. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Application Residential Commercial Distribution Channel Offline Online Geography Middle East 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE TechnavioNearly 200 adult social care providers across Nottinghamshire have been left waiting more than three years for an inspection by the healthcare watchdog. There are 438 registered adult social care services across the county, with some – but not all – delivered by Nottinghamshire County Council . The council supports more than 12,000 people who require long-term care support. And of its contracted services, 73 per cent of providers are rated either ‘Outstanding’ or ‘Good’ by the health watchdog Care Quality Commission (CQC). However, nearly nine per cent of them have not yet been inspected because they are new – and some have waited years for an inspection due to a “significant backlog” at the watchdog. In a meeting of the authority’s adult social care and public health select committee on Monday (November 25), councillors heard 265 providers were last inspected by the CQC more than two years ago. Of these, 180 were last inspected more than three years ago with one rated Inadequate and 17 rated Requires Improvement. This is despite the watchdog usually returning to ‘inadequate’ providers within six months, while those told they require improvement are normally revisited within a year. During the meeting, councillors raised concerns about the figures but said it isn’t something the authority can control. Councillor Stephen Carr (Ind) said: “It’s not our fault, it’s the CQC. Care homes can move in a bad direction very quickly. We should be worried that nine per cent of our providers haven’t even been inspected yet and we should be worried the CQC are behind in Nottinghamshire.” He added: “Previous governments of all colours have failed to grasp the nettle with regards to social care- not only have they failed to grasp the nettle, they’ve allowed it to turn into Japanese knotweed.” Cllr Carr questioned how the council could influence the CQC to take action on the backlog. Cllr Jonathan Wheeler (Con) responded that he and a colleague have written to Sir Julian Hartley, the CQC’s new Chief Executive to outline the council’s concerns. He said: “We want to work with the CQC to deliver the priorities that need doing as part of the Dash Review and get our inspections increased here in Nottinghamshire. Our teams do a great job in terms of when we are alerted to an issue, which can be either CQC or concerns raised by the people being cared for or their families, a lot of work does go in.” Councillor Philip Owen (Con) called the report “damning” and hopes Cllr Wheeler’s letter “demands [the CQC] takes action in inspections”. The committee discussed the council’s ‘bolstering up’ of services in the absence of the CQC’s support, where a temporary Provider Improvement Team has been active since the summer to help services at risk of closure. In the last year, nine homes closed with residents moved elsewhere and 10 were improved and stabilised. Cllr Owen questioned how the temporary team was being funded and proposed demanding a full reimbursement from the CQC. The council is paying about £750,000 for the temporary Provider Improvement Team, funded by a government grant. Melanie Williams, Corporate Director, Adult Social Care and Health, said: “It’s not the best way to invest in my opinion because that’s about responding to crisis. It’s not helping us grow the workforce, develop and the things we’d like to do- it means that [the figures] are quite meaningless. “Because the inspections are so behind we don’t actually know the state of the quality of the market in Nottinghamshire which is a big risk for us I think.” Speaking to the Local Democracy Reporting Service after the meeting, Cllr Wheeler added said: “We have a very good standard of care facilities across Nottinghamshire. What we want to do is to work with the CQC so that every facility has an up-to-date rating which gives assurance to residents and councillors that people are being cared for in the best possible facility. “We have a dedicated team at the council who will continue to work with the CQC and our care facility partners to ensure that good care is continued to be delivered for all residents.” The CQC has been approached for a comment.
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Meet three incoming EU lawmakers in charge of key tech policy areasTrump Vows to Expand Death Penalty After Biden Commutes 37 Federal Death Row SentencesImphal: The Manipur government extended for two more days the suspension of mobile internet and data services in seven districts as a precautionary measure, officials said on Saturday, November 23. The seven districts which include both the valley and hills are Imphal West, Imphal East, Bishnupur, Thoubal, Kakching, Kangpokpi, and Churachandpur. The suspension of mobile internet and data services in these districts will be in effect until 5:15 pm on November 25. Officials of the Home Department said that though no incident was reported from any of the seven districts, as a precautionary measure, the suspension of mobile internet and data services has been extended for two more days. The commissioner of Home, N Ashok Kumar in his order said “There is some apprehension that some anti-social elements might use social media extensively for transmission of images, hate speech, and hate video messages inciting the passions of the public, which might have serious repercussions for the law and order situation.” Protests erupted after the discovery of six bodies believed to be those of individuals who went missing in Jiribam district on November 7. The protesters, primarily women, targeted the homes of several MLAs in Imphal, set tyres on fire, and blocked roads. They demanded action against “Kuki insurgents,” who are allegedly responsible for the abduction and killing of the six individuals. The Meitei community has expressed outrage, accusing the state government and security forces of failing to rescue the abducted victims. The six victims, a family of six including three women and three children (one as young as eight months), went missing during a gunfight between the CRPF and Manipur police following an attack on a CRPF camp and a police station sheltering displaced Meiteis. In contrast, Kuki-Zo organizations claimed that those killed were “village volunteers” from the Hmar community, not militants. They said the volunteers were defending their villages against potential Meitei attacks when they were shot by the CRPF and police.
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I was stunned by how movingly cinematic ‘Wicked’ is. I shouldn’t be, and here’s whyJEFFERSON CITY — A Missouri judge last week torpedoed parts of a state law that have required sweeping redactions to court records, preventing the public from accessing routine information. Moniteau County Associate Circuit Judge Aaron Martin ruled provisions requiring redaction of witness and victim information from court records violate the First and 14th amendments to the U.S. Constitution as well as the Missouri Constitution’s open-courts requirement . Martin, in a two-page order issued on Friday, declared the two provisions unconstitutional and thereby unenforceable. The 2023 law required attorneys and judicial officers to redact the names of all witnesses and victims involved in lawsuits and criminal proceedings. That resulted in one of the most restrictive redaction laws in the country that prevents news reporters, appellate lawyers and regular citizens from obtaining routine information, including the names of people killed in homicides, from public court records, the plaintiffs argued. Mark Sableman, attorney for the Missouri Broadcasters Association , one of the plaintiffs in the case, said in a statement he was gratified the judge agreed the “blanket ban” on witness and victim names in court filings was unconstitutional. “His order restores Missouri court filings to the way they have always been for centuries, until last year — transparent and open to the public, except for those unusual situations where there is a proven need for confidentiality,” Sableman said. Maddie Sieren, spokesperson for the Missouri attorney general’s office, which defended the provisions in court, did not immediately say whether the state would appeal the ruling. The ruling followed a lawsuit filed on behalf of lawyers and journalists in May. Arguments in the case took place Dec. 4 in Cole County Circuit Court. In addition to the Missouri Broadcasters Association, other plaintiffs were attorneys Michael Gross and Nina McDonnell, Gateway Journalism Review publisher William Freivogel and Gray Local Media, owner of KMOV-TV (Channel 4). Chad Mahoney, president and CEO of the broadcasters associated, said in a statement the decision wasn’t just a win for journalists and lawyers, but “for every Missourian and every person interested in government transparency.”
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