Report Overview

Saudi Arabia Apparel and Footwear Market - Industry Trends & Forecast Report, 2029

Saudi Arabia apparel and footwear market size was estimated to be worth USD 219.837 million in 2022. During the forecast period between 2023 and 2029, the Saudi Arabia apparel and footwear market size is projected to grow at a CAGR of 4.25%, reaching a value of USD 282.27 million by 2029. Major growth factors for the Saudi Arabia apparel and footwear market include increasing disposable income and a rising women's workforce. The expanding influence of online platforms along with the rising penetration of international fashion brands are anticipated to present lucrative growth opportunities to the Saudi Arabia apparel and footwear market.

Saudi Arabia Apparel and Footwear Market – Overview

The term "apparel" refers to all clothes, including shoes and other footwear, in which any component is made of a textile created by weaving, knitting, or felting. Wearable clothing or non-wearable textile products are also possibilities. Shirts, pants, dresses, skirts, shoes, hats, scarves, jewelry, and many more products might fall under this category. Footwear is an accessory that is worn on the feet and typically acts as protection from environmental threats such as wear from different ground textures and temperature differences.

Saudi Arabia Apparel and Footwear Market

Growth Drivers

Rising Popularity and Penetration of Online Stores

With the rising younger demographic of consumers along with increasing internet penetration, online platforms and fashion outlets are gaining immense popularity and traction. Fashion stores such as Shein, Max Fashion, Noon, and Ounass, are among the top online stores in the Saudi Arabian fashion market. These platforms launch creative marketing strategies to boost their sales and customers. Shein, for instance, is launching a Saudi Arabia-focused reality show that will showcase looks from the Shein Summer Collection, as reported by the Arab News.

Restraints

Increasing Consumer Consciousness Toward Fast Fashion

The Saudi Arabia apparel and footwear market is highly saturated with fast fashion products and brands such as Shien. Saudi consumers are increasingly becoming conscious that their clothes and footwear are manufactured through ethical means as well as their repercussions on the environment. The UN Environment Programme (UNEP) estimates that the fashion industry consumes the second-most water and contributes around 10% of the world's carbon emissions. As a result, consumers are demanding sustainable alternatives, which may restrict Saudi Arabia apparel and footwear market growth.

Impact of COVID-19 on Saudi Arabia Apparel and Footwear Market

The Saudi Arabia apparel and footwear market were hampered during the COVID-19 outbreak in the country. Apparel and footwear were marked under non-essential items, due to which their sales were immediately halted with the imposition of lockdown. The restrictions on import and export activities of these items as well as the closure of specialty stores and sales restrictions on its online sales negatively impacted the market growth. Furthermore, the detrimental impact of the outbreak on consumers’ purchasing power due to the loss of jobs also resulted in huge market losses to the industry participants.

Saudi Arabia Apparel and Footwear Market

Segmental Coverage

Saudi Arabia Apparel and Footwear Market – By Type

Based on type, the Saudi Arabia apparel and footwear market is segregated into apparel and footwear. The apparel segment is further classified into casual wear, sportswear, nightwear, and others. The footwear segment is further categorized as well into shoes, slippers, and others. The casual wear segment holds the largest share of the market. These types of clothes are worn in casual settings as well as are increasingly gaining popularity in more formal settings including offices, which is contributing to its market growth.

Saudi Arabia Apparel and Footwear Market – By End User

Based on end user, the Saudi Arabia apparel and footwear market is segmented into men, women, and kids. The women segment accounts for the largest market share owing to the wide variety of clothes of different styles and age groups available for this demographic and the ever-changing trends in women's clothing. Furthermore, the increasing women workforce in the Kingdom owing to increasing migration is directly influencing the purchasing power of the segment, which is influencing the Saudi Arabia apparel and footwear market growth.

Saudi Arabia Apparel and Footwear Market – By Distribution Channel

Based on distribution channels, the Saudi Arabia apparel and footwear market is segmented into specialty stores, supermarkets/hypermarkets, online channels, and others. Specialty stores dominate the Saudi Arabia apparel and footwear market owing to the high popularity of stores of certain high fashion brands. Furthermore, specialty stores offer product expertise and great customer experience with personal assistance, which caters to customer demand. However, online channels are projected to register the highest growth rate during the forecast period owing to the increasing penetration of online apparel stores such as Noon, Splash, and others.

Competitive Landscape

Major players operating in the Saudi Arabia apparel and footwear market include Alhokair Group, Nayomi Fashion, Fahad Group, Redtag, Injaz, Riyadh Seasons, Namshi, Aziz Mall, and Centro. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In June 2023 - Apparel Group, a fashion and retail conglomerate based in the UAE, announced its plan to open more than 20 Clarks stores in the Kingdom of Saudi Arabia.

Scope of the Report

By Type

• Apparel

1. Casual Wear

2. Sports Wear

3. Night Wear

4. Others

• Footwear

1. Shoes

2. Slippers

3. Others

By End User

• Men

• Women

• Kids

By Distribution Channel

• Specialty Stores

• Supermarkets/Hypermarkets

• Online Channels

• Others

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Saudi Arabia Apparel and Footwear Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Drivers
         1. Growing population and increasing disposable income.
         2. Changing fashion trends and preferences of consumers.
         3. Expansion of modern retail channels and e-commerce platforms.
      2. Restraints
         1. Cultural and religious considerations impacting fashion choices.
         2. Seasonal variations affecting demand for specific apparel and footwear items.
      3. Opportunities
         1. Rising demand for modest and Islamic fashion.
         2. Growing interest in sustainable and eco-friendly clothing and footwear.
      4. Challenges
         1. Stringent regulations and cultural norms regarding clothing and footwear.
         2. Supply chain disruptions and logistics challenges.
   3. Technology Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Saudi Arabia Apparel and Footwear Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
         1. Apparel
            1. Casual Wear
            2. Sports Wear
            3. Night Wear
            4. Others
         2. Footwear
            1. Shoes
            2. Slippers
            3. Others
      2. By End-User
         1. Men
         2. Women
         3. Kids
      3. By Distribution Channel
         1. Speciality Stores
         2. Supermarkets/Hypermarkets
         3. Online Channels
         4. Others
5. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. South Africa Insurance Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Covid-19 on Saudi Arabia Apparel and Footwear Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
   1. Alhokair Group
   2. Nayomi Fashion
   3. Fahad Group
   4. Redtag
   5. Injaz
   6. Riyadh Seasons
   7. Namshi
   8. Aziz Mall
   9. Centro
   10. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3.  Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
   4.  Breakdown of Primary Research Respondents, By Region
   5.  Assumptions & Limitations

*Financial information of case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

List of Figures

Figure 1       Saudi Arabia Apparel and Footwear Segmentation                     

Figure 2       Saudi Arabia Apparel and Footwear Market Value Chain Analysis                   

Figure 3       Company Market Share Analysis, 2022                  

Figure 4       Saudi Arabia Apparel and Footwear Market Size, By Value (USD Million), 2019–2029                    

Figure 5       Saudi Arabia Apparel and Footwear Market Share, By Type, By Value, 2019–2029                            

Figure 6       Saudi Arabia Apparel and Footwear Market Share, By End-User, By Value, 2019–2029                    

Figure 7       Saudi Arabia Apparel and Footwear Market Share, By Distribution Channel, By Value, 2019–2029          

List of Tables

Table 1        Saudi Arabia Apparel and Footwear Market Size, By Value (USD Million), 2019–2029

Table 2        Saudi Arabia Apparel and Footwear Market Share, By Type, By Value, 2019–2029

Table 3        Saudi Arabia Apparel and Footwear Market Share, By End-User, By Value, 2019–2029                    

Table 4        Saudi Arabia Apparel and Footwear Market Share, By Distribution Channel, By Value, 2019–2029

Table 5        Alhokair Group Company Overview

Table 6        Alhokair Group Financial Overview

Table 7        Nayomi Fashion Company Overview

Table 8        Nayomi Fashion Financial Overview

Table 9        Fahad Group Company Overview

Table 10      Fahad Group Financial Overview

Table 11      Redtag Company Overview

Table 12      Redtag Financial Overview

Table 13      Injaz Company Overview

Table 14      Injaz Financial Overview

Table 15      Riyadh Seasons Company Overview

Table 16      Riyadh Seasons Financial Overview

Table 17      Namshi Company Overview

Table 18      Namshi Financial Overview

Table 19      Aziz Mall Company Overview

Table 20      Aziz Mall Financial Overview

Table 21      Centro Company Overview

Table 22      Centro Financial Overview

Table 23      Other Prominent Players Company Overview

Table 24      Other Prominent Players Financial Overview