Saudi Arabia Interior Design Market Size (2024 - 2029)

The interior design market size in Saudi Arabia is experiencing significant growth, driven by the expanding construction sector and a diverse range of projects requiring various interior design services. The market's expansion is supported by increasing real estate developments in retail, commercial, hospitality, and residential sectors, alongside government initiatives to enhance infrastructure. Major projects and events, such as those aligned with the country's Vision 2030, are expected to attract further investments, boosting the market. Additionally, the post-COVID-19 resurgence in residential real estate and rising homeownership rates are contributing to increased spending on interior design, creating substantial opportunities within the sector.

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Market Size of Saudi Arabia Interior Design Industry

Saudi Arabia Interior Design Market Summary
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

Saudi Arabia Interior Design Market Major Players

*Disclaimer: Major Players sorted in no particular order

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 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
Commercial
Hospitality
Healthcare
Education
Offices
Others
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Saudi Arabia Interior Design Market Size Summary

The interior design market in Saudi Arabia is experiencing significant growth, driven by a robust construction sector and a surge in real estate projects across various segments, including retail, commercial, hospitality, and residential properties. Government initiatives aimed at boosting infrastructure, alongside mega projects like Trojena, The Line, and the Red Sea Development, are attracting both international and regional interior designers. The market is further bolstered by opportunities in the expanding education and healthcare sectors, with events like Vision 2030 and Index Saudi expected to stimulate further investments. The post-COVID-19 recovery has seen a rise in residential real estate value and homeownership rates, leading to increased spending on interior design within the residential segment.

The residential sector holds a dominant position in the interior design market, supported by government efforts to expand residential real estate and make housing accessible to a larger portion of the population. The Public Investment Fund and developers like ROSHN are investing heavily in integrated communities, creating substantial opportunities for interior design services. Urbanization is on the rise, particularly in major cities like Riyadh, Jeddah, Makkah, and Madinah, leading to increased demand for both commercial and residential interior design. The market is characterized by a mix of local and global players, with significant investments in giga projects attracting global firms. Key market players include Idegree Design, Jida Design, and others, with ongoing investments and acquisitions, such as the PIF's stake in Depa Group, further expanding the market's potential.

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Saudi Arabia Interior Design Market Size - Table of Contents

  1. 1. MARKET DYNAMICS AND INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Expansion of Real Estate in the Country

      2. 1.2.2 Increasing Rate of Urbanization

    3. 1.3 Market Restraints

      1. 1.3.1 High Cost of Interior Design Services

    4. 1.4 Market Opportunities

      1. 1.4.1 Demand for Customized Interior Design for Residential & Commercial Spaces

    5. 1.5 Industry Attractiveness - Porters' Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitutes

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Technological Innovations in Saudi Arabia Interior Design Market

    7. 1.7 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By End-Use

      1. 2.1.1 Residential

      2. 2.1.2 Commercial

        1. 2.1.2.1 Hospitality

        2. 2.1.2.2 Healthcare

        3. 2.1.2.3 Education

        4. 2.1.2.4 Offices

        5. 2.1.2.5 Others

Saudi Arabia Interior Design Market Size FAQs

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.

In 2024, the Saudi Arabia Interior Design Market size is expected to reach USD 3.66 billion.

Saudi Arabia Interior Design Market Report Snapshots

Interior Design Market in Saudi Arabia Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)