Market Size of Saudi Arabia Home Textile Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | > 4.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Saudi Arabia Home Textiles Market Analysis
The market has generated a revenue of more than USD 500 million in the current year and is poised to achieve a CAGR of more than 4.0% during the forecast period.
The market experienced a short-term slowdown due to the COVID-19 pandemic, which effectively reduced tourism in Saudi Arabia. The Saudi Arabia home textile industry is popular in the world because of its association with heritage and its dependence on handicrafts in addition to its association with the Hajj and Umrah season in selling.
Development in end-user segments, for instance, residential and commercial (hospitality), together with the increasing attentiveness regarding altering inclinations of home-based interior decoration is expected to motivate the home textiles industry in Saudi Arabia. The increasing rate of urbanization and improved quality of living are responsible for the growing demand for home textiles like beddings, bed sheets, towels, blankets, and covers. Growing real estate market and improving standards of living have resulted in increased spending on home decoration and interior. This is also projected to be one of the key factors augmenting market growth over the forecast years. In addition, changing trends in home furnishing is expected to boost the market growth further.
Saudi Arabia Home Textiles Industry Segmentation
Home textiles are fabrics and clothes used specifically for furnishing a residence. The materials and design of each are defined by the functional and aesthetic uses of each. A complete background analysis of the Saudi Arabia Home Textile Market, which includes an assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, and logistics spending by the end-user industries, is covered in the report. Saudi Arabia Home Textile Market is Segmented By Product (Bed Linen, Bath Linen, Kitchen Linen, Upholstery and Floor Covering), and By Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, Online and Other Distribution Channels). The report offers market size and forecasts for Saudi Arabia Home Textile Market (In USD Million) for all the above segments.
By Product | |
Bed Linen | |
Bath Linen | |
Kitchen Linen | |
Upholstery | |
Floor Covering |
By Distribution Channel | |
Supermarkets & Hypermarkets | |
Specialty Stores | |
Online Stores | |
Other Distribution Channels |
Saudi Arabia Home Textile Market Size Summary
The home textile industry in Saudi Arabia is experiencing significant growth, driven by factors such as urbanization, improved living standards, and a burgeoning real estate market. The sector is characterized by its strong association with heritage and handicrafts, particularly during the Hajj and Umrah seasons, which boosts demand for specific products like Ihram and Abayas. The increasing interest in home-based interior decoration, coupled with the rise of e-commerce, particularly through platforms like Amazon, is further propelling the market. The demand for home textiles such as beddings, towels, and blankets is on the rise, supported by the growing population and the expansion of the property market. The market is also seeing a shift towards high-end brands, with a young and growing population showing a preference for quality and innovative designs.
The competitive landscape of the Saudi Arabian home textile market is marked by the presence of several key players, including Satex, Omar Kassem Alesayi for Textiles, and Bed Quarter (Al Mazro Group), among others. These companies are leveraging new technologies and sustainable materials to attract consumers and meet the evolving trends in home furnishing. The market's growth is further supported by favorable economic conditions and trade relations, making Saudi Arabia a leading exporter of home textiles in the Middle East. The construction of residential buildings and luxury hotels is expected to continue driving demand, while strategic partnerships, such as Ralph Lauren's collaboration with Franklin Venture Partners, aim to enhance product offerings and cater to consumer preferences more effectively.
Saudi Arabia Home Textile Market Size - Table of Contents
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1. MARKET DYNAMICS AND INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Residential Real Estate will Drive the Market
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1.2.2 Growth of E-Commerce will Drive the Market
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1.3 Market Restraints
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1.3.1 Changing Consumer Preferences will Restrain the Growth of the Market
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1.3.2 Increasing Raw Material Costing will Restrain the Growth of the Market
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1.4 Market Opportunities
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1.4.1 Customized Products for the Customer Need
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1.4.2 Online Platform for Selling the Products Acts as an Opportunity for the Market to Grow
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1.5 Industry Value Chain Analysis
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1.6 Industry Attractiveness - Porters' Five Forces Analysis
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1.6.1 Threat of New Entrants
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1.6.2 Bargaining Power of Buyers
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1.6.3 Bargaining Power of Suppliers
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1.6.4 Threat of Substitutes
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1.6.5 Intensity of Competitive Rivalry
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1.7 Insights on technology Innovation in the Market.
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1.8 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Product
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2.1.1 Bed Linen
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2.1.2 Bath Linen
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2.1.3 Kitchen Linen
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2.1.4 Upholstery
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2.1.5 Floor Covering
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2.2 By Distribution Channel
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2.2.1 Supermarkets & Hypermarkets
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2.2.2 Specialty Stores
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2.2.3 Online Stores
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2.2.4 Other Distribution Channels
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Saudi Arabia Home Textile Market Size FAQs
What is the current Saudi Arabia Home Textile Market size?
The Saudi Arabia Home Textile Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Saudi Arabia Home Textile Market?
Satex, Omar Kassem Alesayi for Textiles, Bed Quarter (Al Mazro Group), Ralph Lauren Corporation and Al Jedaie are the major companies operating in the Saudi Arabia Home Textile Market.