Market Size of GCC Interior Design Services Industry
| 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 |
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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 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 | ||||||||
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| By Country | |
| United Arab Emirates | |
| Saudi Arabia | |
| Qatar | |
| Oman | |
| Kuwait | |
| Bahrain |
GCC Interior Design Services Market Size Summary
The GCC interiors market is poised for significant growth, driven by a youthful population and a shift towards modern interior trends. The UAE is at the forefront, commanding a substantial portion of the market share, while Saudi Arabia continues to lead in construction output, bolstering the demand for interior design services. The region's market is evolving from traditional models to become one of the most advanced globally, with a strong emphasis on residential and hotel projects. The impact of COVID-19 was minimal, as the need for new office spaces with health-conscious designs spurred real estate development. The market's expansion is supported by diverse sectors, with Dubai's strategic position as a re-export hub enhancing its value beyond local demand.
The GCC interior design services market is characterized by fragmentation due to the presence of numerous international and local players, leading to increased competition. Companies are leveraging advanced technologies, such as 3D virtual services, to enhance customer engagement. Despite global economic challenges, the market remains profitable, particularly in specific product segments. Saudi Arabia's commitment to economic diversification and its Vision 2030 initiative have further solidified its position as a key player in the MENA region, with substantial project awards driving growth. The market's trajectory suggests a robust increase in spending on interior contracting and fit-out services, with the UAE, Saudi Arabia, and Qatar leading the charge in the GCC region.
GCC Interior Design Services 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 Driver
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1.3 Market Restraints
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1.4 Supply Chain/Value Chain Analysis
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1.5 Porters' Five Forces Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitutes
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1.5.5 Intensity of Competitive Rivalry
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1.6 Insight on Changes in Consumer Spending on Interior Design Services in Market
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1.7 Insight on Interior Design Services Market in GCC by Contractors, E-Commerce etc
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1.8 Insights on Applications in Newly Decorated and Repeated Decorated Interior Design Services Market
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1.9 Insights on Technology Innovations in the Market
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1.10 Impact of COVID -19 on the Market
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2. MARKET SEGMENTATION
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2.1 By End User
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2.1.1 Residential
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2.1.2 Commercial
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2.1.2.1 Retail
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2.1.2.2 Hotels
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2.1.2.3 Hospitals
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2.1.2.4 Commercial Building
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2.1.2.5 Education
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2.1.2.6 Other End Users
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2.2 By Country
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2.2.1 United Arab Emirates
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2.2.2 Saudi Arabia
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2.2.3 Qatar
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2.2.4 Oman
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2.2.5 Kuwait
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2.2.6 Bahrain
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GCC Interior Design Services Market Size 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.
