Saudi Arabia Interior Design Market Size
| Study Period | 2024 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.66 Billion |
| Market Size (2029) | USD 4.63 Billion |
| CAGR (2024 - 2029) | 4.81 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Saudi Arabia Interior Design Market Analysis
The Saudi Arabia Interior Design Market size is estimated at USD 3.66 billion in 2024, and is expected to reach USD 4.63 billion by 2029, growing at a CAGR of 4.81% during the forecast period (2024-2029).
The Revenue of the interior design market in Saudi Arabia has observed a continuous increase over the years with the rising construction sector in the country. A diverse range of projects are taking place in the country, requiring a wide range of interior design services. The rising number of real estate projects for retail, commercial, hospitality, and residential properties, along with government initiatives to boost infrastructure, is expected to drive the interiors market in Saudi Arabia. Mega projects such as Trojena, The Line, Sindalah, Diriyah Gate, the Red Sea Development project, King Abdullah Economic City, and others attract various international and regional interior and fit-out designers to work on the projects.
Massive opportunities for interiors are emerging in the expanding education and healthcare sector in Saudi Arabia. Nations Vision 2030 and Index Saudi are some of the country's events expected to fuel more investments in the coming years for interior design and fit-out sectors. With a declining trend during pre-COVID-19 years, the post-COVID-19 value of residential real estate in the country is observing a rise with an increase in the homeownership rate, resulting in an increased expenditure on Interior design by the residential segment. With a count of more than 5,000 construction projects valued at around USD 800 Billion, the country is providing ample business opportunities to interior design players.
Saudi Arabia Interior Design Market Trends
Increasing Demand for Residential Real Estate
With a continuous rise in its market value, the residential sector is occupying the leading position in Saudi Arabia's interior design market. The existing demand for high-quality interior services is leading to the expansion of new residential projects in the country. The country exists with the goal of making available homes to almost 70% of its population in the coming six years with existing government support for residential real estate expansion. The Public Investment Fund (PIF) and ROSHN, which exist as residential real estate developers, are spending a large sum with the support of Saudi Arabia’s sovereign wealth fund for building integrated communities that will house more than 2.2 million people in the country over the coming period. This increasing expansion and investment in residential real estate is developing opportunities for the interior design market in the country.
Rapid Urbanization in the Country
The degree of urbanization in Saudi Arabia has observed a continuous increase in growth over the years, with a rising level of urban population growth after the negative impact of COVID-19. With increasing urbanization, commercial as well as residential spaces in the country are observing an increase. Riyadh, Jeddah, Makkah, and Madinah are among some of the major countries in the region with rapidly expanding real estate and Interior design markets. With rising urbanization, household disposable income in the country has observed an increase, leading to increased people spending on home designing and customized theme-based interiors. With its announcement of Vision 2030, Saudi Arabia is observing a huge investment in giga projects such as Qiddiyah to NEOM for the development and expansion of its cities, leading to global interior design firms investing in the country.
Saudi Arabia Interior Design Industry Overview
Saudi Arabia's interior design market is fragmented with various local and global players present in the market. Developers, contractors, and suppliers are increasingly stressing cost-value engineering, materials, and design, which are shaping the interior designing industry. Major players in the market are located in Riyadh, with the market having has potential for development owing to rising construction projects in the country. Some of the Existing players in the market are Idegree Design, Jida Design, Esperiri Milano, Huda Lighting and Yasmin Interiors.
Saudi Arabia Interior Design Market Leaders
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Idegree Design
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Jida Design
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Esperiri Milano
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Huda Lighting
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Yasmin Interiors
*Disclaimer: Major Players sorted in no particular order
Saudi Arabia Interior Design Market News
- October 2023: Saudi Arabia’s Aljazira Capital and Osus Real Estate Co. launched a private closed-end real estate investment fund with a target investment volume of more than USD 453.2 Million focused on developing residential, hotel, office, and commercial properties in northern Riyadh, expanding the business of Interior design market.
- March 2022: Saudi Arabia PIF acquired a controlling stake in interior design and specialty contracting firm Depa with an investment of USD 480 Million. Depa Group exists as an interior contractor, is listed on the Nasdaq Dubai, and is headquartered in the United Arab Emirates.
Saudi Arabia Interior Design Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Expansion of Real Estate in the Country
4.2.2 Increasing Rate of Urbanization
4.3 Market Restraints
4.3.1 High Cost of Interior Design Services
4.4 Market Opportunities
4.4.1 Demand for Customized Interior Design for Residential & Commercial Spaces
4.5 Industry Attractiveness - Porters' Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competitive Rivalry
4.6 Technological Innovations in Saudi Arabia Interior Design Market
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By End-Use
5.1.1 Residential
5.1.2 Commercial
5.1.2.1 Hospitality
5.1.2.2 Healthcare
5.1.2.3 Education
5.1.2.4 Offices
5.1.2.5 Others
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Idegree Design
6.2.2 Huda lighting
6.2.3 JIDA Design
6.2.4 Esperiri Milano
6.2.5 Yasmin Interiors
6.2.6 Aljeel Architects
6.2.7 Amsad Architectural Associates
6.2.8 Architectural Scene
6.2.9 C&P
6.2.10 Comelite Architecture and Structure
6.2.11 D&D Est*
- *List Not Exhaustive
7. MARKET FUTURE TREND
8. DISCLAIMER AND ABOUT US
Saudi Arabia Interior Design Industry Segmentation
Interior design refers to the practice of creating an internal environment that serves the requirements of people in a building design with aesthetically pleasing spaces. This process comprises interior designers who use various designs, keeping in mind the safety and functionality of the building. The Saudi Arabia interior design market is segmented by end-use. End-use is again sub-segmented into residential and commercial, and commercial is sub-segmented into hospitality, healthcare, education, offices, and other end users. The report offers market sizes and forecasts for the Saudi Arabia Interior Design Market in Value (USD ) for all the above segments.
| By End-Use | |||||||
| Residential | |||||||
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Saudi Arabia Interior Design Market Research Faqs
How big is the Saudi Arabia Interior Design Market?
The Saudi Arabia Interior Design Market size is expected to reach USD 3.66 billion in 2024 and grow at a CAGR of 4.81% to reach USD 4.63 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 3.66 billion.
Who are the key players in Saudi Arabia Interior Design Market?
Idegree Design, Jida Design, Esperiri Milano, Huda Lighting and Yasmin Interiors are the major companies operating in the Saudi Arabia Interior Design Market.
What years does this Saudi Arabia Interior Design Market cover, and what was the market size in 2023?
In 2023, the Saudi Arabia Interior Design Market size was estimated at USD 3.48 billion. The report covers the Saudi Arabia Interior Design Market historical market size for years: . The report also forecasts the Saudi Arabia Interior Design Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What are the future prospects for the Saudi Arabia Interior Design Market?
Saudi Arabia Interior Design Market is projected to grow steadily, driven by a) Ongoing construction projects and increasing consumer preferences for upscale interiors b) Advancements in design technologies, Strategic investments, and innovative design approaches
Saudi Arabia Interior Design Industry Report
The Saudi Arabia interior design market is experiencing robust growth, driven by a surge in construction projects across residential, commercial, and hospitality sectors, fueled by the nation's economic diversification efforts. Market segmentation reveals a strong demand for both new constructions and renovations, with a particular emphasis on luxury and high-end designs that cater to the increasing disposable incomes and evolving tastes of the population.
Interior design companies in Saudi Arabia are capitalizing on a growing appreciation for modern aesthetics that blend traditional elements with contemporary styles, and there is a notable shift towards sustainable and technologically integrated designs. The commercial sector, including hotels, malls, and offices, is particularly vibrant, reflecting the country's push to enhance its global tourism and business appeal.
Overall, the interior design market in Saudi Arabia presents significant opportunities for industry players to innovate and expand their offerings to meet the sophisticated demands of a rapidly transforming society. Industry analysis indicates that the market forecast is positive, with strong market growth driven by industry trends and market data.
Industry reports highlight the importance of market segmentation and the increasing market value of the sector. The market overview suggests that industry size and industry statistics are crucial for understanding the market outlook.
Research companies are actively engaged in providing detailed industry information and industry research, which includes market predictions and market review. Report pdfs and report examples are available for those seeking comprehensive insights into the market leaders and industry sales.
In summary, the Saudi Arabia interior design market is poised for significant expansion, supported by favorable market conditions and a dynamic industry outlook.
