GCC Interior Design Services Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 12.26 Billion |
| Market Size (2029) | USD 18.41 Billion |
| CAGR (2024 - 2029) | 8.47 % |
| Market Concentration | Medium |
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?
GCC Interior Design Services Market Analysis
The GCC Interior Design Services Market size is estimated at USD 12.26 billion in 2024, and is expected to reach USD 18.41 billion by 2029, growing at a CAGR of 8.47% during the forecast period (2024-2029).
The GCC nations, known for setting the bar for innovation and change, are currently raising the bar when it comes to architecture and interior design, with the UAE leading the industry with an approximate 40% market share.
The GCC market for interior design services is positioned to depart from conventional models and develop into the richest, most developed market in the world. The next generation is setting up their first house with the utmost drive to keep up with current interior trends as their tastes grow, as 60% of GCC inhabitants are currently under the age of 30 and 54% are under the age of 25.
The impact of COVID-19 on the interior design market was very low because real estate projects were rapidly growing due to the new office spaces, which require health and safety design requirements at home.
With strong support from a variety of sectors, the local interior design market is expanding by ten to twelve percent per year in terms of demand for interior furnishings. Noting that the value of the Dubai market does not lie in the internal market alone but rather in re-exporting to the Gulf countries, Arab countries, Africa, and Asia, real estate, hotels, and personal demand are among the most significant clients and drivers of the industry.
GCC Interior Design Services Market Trends
This section covers the major market trends shaping the GCC Interior Design Services Market according to our research experts:
Saudi Arabia is Driving the Interior Design Market
Saudi Arabia's construction output will increase by 3.2% in 2022, with an additional annual average growth rate (AAGR) of 4% between 2023 and 2026. Despite global financial conditions having an impact on the sector, Saudi Arabia's construction industry remains the most successful in the MENA region. In 2022, the most valuable projects were given to the kingdom. This showed that it was serious about promoting economic diversification and changing the country in line with its Vision 2030.
For four years running, Saudi Arabia has maintained its dominance as the MENA region's strongest market with the greatest overall value of project awards. According to MEED Projects' tracking, Saudi Arabia held a 35% market share as of October 2022 with contract awards totalling USD 31 billion, compared to a total MENA value of USD 87 billion. The growth in the construction market in Saudi Arabia is driving the interior design market in Gulf Countries.
Hotel and Residential Sector are Dominating the GCC Interior Design Market
The state of the economy as a whole is highly correlated with interior design and fit-out, especially in the real estate market. Interior contracting and fit-out spending in the Gulf Cooperation Council (GCC) is expected to rise from USD 8,975 million in 2020 across all industries in 2021, to USD 10,160 million. The primary emphasis will be on residential and hotel projects planned for 2021.
In 2023, the UAE is expected to lead the share of interior and fit-out spending in the GCC Region, followed by the Kingdom of Saudi Arabia and Qatar.
GCC Interior Design Services Industry Overview
Due to a large number of international and local participants in the market, the interior design services market in the GCC is fragmented. The regional and international market participants are becoming more and more competitive. Players are utilizing 3-D virtual services to provide services to customers online. However, the market is profitable in several specific interior design product industries.
GCC Interior Design Services Market Leaders
-
Binchy and Binchy
-
Makstylo Interiors
-
Bishop Design LLC
-
Wilson Associates
-
Jida Design
*Disclaimer: Major Players sorted in no particular order
GCC Interior Design Services Market News
- October 2022: The Shams Al Riyadh residential complex in Saudi Arabia is home to the first two-story, 9.9-meter-high mansion made using 3D construction printing technology (Dar Al Arkan, a real estate business). The structure was constructed directly on the site in the middle of the summer without any cooling or shade, demonstrating that the technology can print homes all year and in any location throughout the kingdom.
- October 2022: The State of Qatar participated in the preliminary meeting of the GCC nations' undersecretaries of the interior ministries to prepare for the 39th meeting of Their Highnesses and Ministers of Interior of the GCC countries.
GCC Interior Design Services 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 Driver
- 4.3 Market Restraints
- 4.4 Supply Chain/Value Chain Analysis
-
4.5 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 Insight on Changes in Consumer Spending on Interior Design Services in Market
- 4.7 Insight on Interior Design Services Market in GCC by Contractors, E-Commerce etc
- 4.8 Insights on Applications in Newly Decorated and Repeated Decorated Interior Design Services Market
- 4.9 Insights on Technology Innovations in the Market
- 4.10 Impact of COVID -19 on the Market
5. MARKET SEGMENTATION
-
5.1 By End User
- 5.1.1 Residential
- 5.1.2 Commercial
- 5.1.2.1 Retail
- 5.1.2.2 Hotels
- 5.1.2.3 Hospitals
- 5.1.2.4 Commercial Building
- 5.1.2.5 Education
- 5.1.2.6 Other End Users
-
5.2 By Country
- 5.2.1 United Arab Emirates
- 5.2.2 Saudi Arabia
- 5.2.3 Qatar
- 5.2.4 Oman
- 5.2.5 Kuwait
- 5.2.6 Bahrain
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
-
6.2 Company Profiles
- 6.2.1 Avanzato Design
- 6.2.2 Makstylo Interiors
- 6.2.3 Bishop Design LLC
- 6.2.4 Jida Interior Design and Architects
- 6.2.5 Hirsch Bedner Associates
- 6.2.6 Fourline Interiors
- 6.2.7 Lumineux Interiors WLL
- 6.2.8 Mirabello Trading and Decoration WLL
- 6.2.9 Bluehaus Group
- 6.2.10 Asha Contracting & Interiors LLC
- 6.2.11 Wilson Associates*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
GCC Interior Design Services Industry Segmentation
Interior design services "means interior decorating services and advice on furnishing and decorating the Premises, such as selection of fixtures, furnishings, or design of mill work, all of which shall be provided by Tenant at its own cost (and not paid with the Tenant's Allowance), but shall be subject to the reasonable approval of Landlord, which shall not be unreasonable withheld, conditioned, or delayed.
The GCC Interior Design Services Market is segmented by End User (Residential and Commercial (Retail, Hotels, Hospitals, Commercial buildings, Education, and others)) and Country (United Arab Emirates, Saudi Arabia, Qatar, Oman, Kuwait, Bahrain). The report offers Market size and forecasts for GCC Interior Design Services Market in value (USD million) for all the above segments.
| By End User | Residential | |
| Commercial | Retail | |
| Hotels | ||
| Hospitals | ||
| Commercial Building | ||
| Education | ||
| Other End Users | ||
| By Country | United Arab Emirates | |
| Saudi Arabia | ||
| Qatar | ||
| Oman | ||
| Kuwait | ||
| Bahrain |
GCC Interior Design Services Market Research FAQs
How big is the GCC Interior Design Services Market?
The GCC Interior Design Services Market size is expected to reach USD 12.26 billion in 2024 and grow at a CAGR of 8.47% to reach USD 18.41 billion by 2029.
What is the current GCC Interior Design Services Market size?
In 2024, the GCC Interior Design Services Market size is expected to reach USD 12.26 billion.
Who are the key players in GCC Interior Design Services Market?
Binchy and Binchy, Makstylo Interiors, Bishop Design LLC, Wilson Associates and Jida Design are the major companies operating in the GCC Interior Design Services Market.
What years does this GCC Interior Design Services Market cover, and what was the market size in 2023?
In 2023, the GCC Interior Design Services Market size was estimated at USD 11.30 billion. The report covers the GCC Interior Design Services Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the GCC Interior Design Services Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
GCC Interior Design Services Industry Report
Statistics for the 2024 GCC Interior Design Services market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. GCC Interior Design Services analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
