Market Size of Saudi Arabia Interior Design Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Market Size (2024) | USD 4.08 Billion |
Market Size (2029) | USD 6.52 Billion |
CAGR (2024 - 2029) | 9.80 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Saudi Arabia Interior Design Market Analysis
The Saudi Arabia Interior Design Market size is estimated at USD 4.08 billion in 2024, and is expected to reach USD 6.52 billion by 2029, growing at a CAGR of 9.80% during the forecast period (2024-2029).
Saudi Arabia's interior designing market is thriving based on the rising construction sector in the country. A diverse range of projects is taking place in the country which requires interior products.
An increase in the number of real estate projects for retail, commercial, and hospitality along with increasing demand for residential properties combined with government initiatives to develop infrastructure is expected to drive the interiors market. For instance, Jumbo projects such as the Red Sea Development project and King Abdullah Economic City are attracting various international and regional interiors and fit-out designers to work on the projects.
Massive opportunity for interiors lies in the educational sector and healthcare facilities in the country. Nations Vision 2030 along with Index Saudi, are some of the country's events that are expected to fuel more investments in the coming years for interior design and fit-out sectors. The index is 2021 has planned to invest around 18 billion helping to connect suppliers with kind of buyers overseeing projects in the Saudi market.
Saudi Arabia Interior Design Industry Segmentation
Saudi Arabia Interior Design Market report offers exhaustive dynamics of the marekt with complete background analysis of market which includes an assessment of the National accounts, economy, and the emerging market trends by segments. The company profiles of the leading player are also covered in the report.
By End-Use | |||||
Residential | |||||
|
Saudi Arabia Interior Design Market Size Summary
The interior design market in Saudi Arabia is experiencing significant growth, largely driven by the country's booming construction sector. A diverse array of projects requiring interior products is contributing to the expansion of the market, with an increasing number of real estate projects in the retail, commercial, and hospitality sectors, as well as a rising demand for residential properties. Government initiatives aimed at infrastructure development, along with large-scale projects like the Red Sea Development project and King Abdullah Economic City, are also attracting international and regional interior and fit-out designers, further fuelling the market growth. The Saudi interior design market is highly competitive, with a mix of local and global players. Major developers, contractors, and suppliers are increasingly focusing on cost-value engineering, materials, and design, all crucial aspects of the interior design industry. The market has significant potential for further development, given the major construction projects underway in the country. Notably, the residential sector accounts for a large portion of interior projects, with new residential projects contributing to the demand for high-quality interior services. Additionally, the hospitality sector is also anticipated to drive market growth, with an increasing number of hotel establishments requiring interior design and decor services.
Explore MoreSaudi Arabia Interior Design Market Size - Table of Contents
-
1. MARKET SEGMENTATION
-
1.1 By End-Use
-
1.1.1 Residential
-
1.1.2 Commercial
-
1.1.2.1 Hospitality
-
1.1.2.2 Offices
-
1.1.2.3 Others
-
-
-
Saudi Arabia Interior Design Market Size FAQs
How big is the Saudi Arabia Interior Design Market?
The Saudi Arabia Interior Design Market size is expected to reach USD 4.08 billion in 2024 and grow at a CAGR of 9.80% to reach USD 6.52 billion by 2029.
What is the current Saudi Arabia Interior Design Market size?
In 2024, the Saudi Arabia Interior Design Market size is expected to reach USD 4.08 billion.