Report Overview

Saudi Arabia Interior Design Market - Industry Trends & Forecast Report, 2030

Saudi Arabia Interior Design Market size was estimated to be worth USD 3.43 billion in 2023. During the forecast period between 2024 and 2030, Saudi Arabia Interior Design Market size is projected to grow at a CAGR of 4.80%, reaching a value of USD 4.72 billion by 2030. Major growth factors for Saudi Arabia Interior Design Market include rising investment in the real estate industry and increasing construction of residential and commercial buildings. Furthermore, the rising adoption of AR/VR by industry players to showcase their products and services is presenting lucrative growth opportunities to Saudi Arabia interior design market during the forecast period.

Interior Design – Overview

Interior design is the art and science of enhancing the interior of a space, such as a room or a building, to achieve a visually appealing and functional environment. It involves the arrangement and selection of furniture, color schemes, lighting, finishes, and other elements to create an atmosphere that suits the purpose of the space and addresses the needs and preferences of the occupants. Interior designers utilize their knowledge of aesthetics, spatial planning, materials, and construction to create well-designed and harmonious interiors.

Saudi Arabia Interior Design Market

Growth Drivers

Rising Investments in Commercial Infrastructure Development

The Saudi government has been significantly investing in the commercial sector construction to boost tourism sector and achieve economic diversification under Vision 2030. The increasing investment in building projects by the public sector is expected to have a notable effect on the growth of the interior design industry in Saudi Arabia. Consequently, the government's substantial financial investments in the building of cities, airports, and other commercial facilities will drive up demand for interior design services over the projected period.

Challenges

High Cost of Interior Designing

The high cost of professional design services and high-quality materials is one of the biggest barriers to the growth of Saudi Arabia Interior Design Market. Clients frequently have budgetary constraints that restrict the scope and scale of design projects. This financial barrier can discourage potential customers, especially those in the middle-class category, from hiring interior designers. Furthermore, financial instability or economic downturns may aggravate budgetary constraints, which will impact the growth of the interior design market.

Impact of Escalating Geopolitical Tensions on Saudi Arabia Interior Design Market

The escalating geopolitical tensions across the regions could disrupt the growth of Saudi Arabia interior design market. Geopolitical issues, such as the Russia-Ukraine war or increasing conflicts in Israel, directly impact the supply chain of various industries, including the interior design market in Saudi Arabia. Material delivery delays can cause projects to halt, inconvenience clients, and go over budget. Another difficulty under these circumstances is the unpredictability of raw material pricing, which can result in budget overruns and push designers to look for less appealing alternatives.  

Saudi Arabia Interior Design Market

Segmental Coverage

Saudi Arabia Interior Design Market – By Decoration Type

Based on decoration type, Saudi Arabia Interior Design Market is segmented into new and renovations. The new decoration segment holds a larger share in Saudi Arabia Interior Design Market. The growth of the segment is mainly attributed to the high popularity of affluent lifestyles among Saudi consumers and the shift in workplace culture. The market is growing as a result of the construction of new residences and well-designed commercial spaces. The need for business and residential space has led to the exceptional rise of the Saudi Arabia real estate market in recent years.

Saudi Arabia Interior Design Market – By Budget

On the basis of budget, Saudi Arabia Interior Design Market is segmented into luxury/high-end, mid-range, and budget conscious. The luxury/high-end segment accounts for the highest market share. The luxury market serves wealthy customers looking for upscale, customized design services; these services frequently involve unique furnishings, premium materials, and luxurious finishes. The mid-range market targets customers with modest spending limits and offers a combination of bespoke and off-the-shelf products to balance cost, quality, and design. The budget-conscious segment also covers a substantial market share. It caters to clients on a tight budget by offering affordable design solutions that preserve fundamental aesthetics and functionality without sacrificing quality.

Saudi Arabia Interior Design Market – By Application

Based on application, Saudi Arabia Interior Design Market is segmented into residential and commercial. The commercial segment dominates Saudi Arabia interior design market. The rising construction of commercial buildings, including offices, hotels, restaurants, airports, and others, for infrastructural development is propelling the demand for interior design services in the Kingdom. Effective interior design increases productivity in addition to enhancing the space's appearance and utility. Therefore, building owners spend heavily on interior design, which drives its market growth.

Competitive Landscape

Saudi Arabia Interior Design market is intensely competitive, as a number of companies are competing to gain a significant market share. Key players in the market include Al Habtoor Leighton Group (HLG), Al-Futtaim Group, Diyar Consult, Saudi Binladin Group, Jeddah Construction Company, Zaha Hadid Architects, Buro Happold, HBA (Hirsch Bedner Associates), LWK + Partners, and KCA International. 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 2024 – HKS, a global design firm, opened its new office in Riyadh, Saudi Arabia.

Scope of the Report

By Decoration Type

• New

• Renovations

By Budget

• Luxury/high-end

• Mid-range

• Budget-conscious

By Application    

• Residential

• Commercial

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Saudi Arabia Interior Design Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Economic Diversification
         2. Urban Development
         3. Growing Luxury Sector
      2. Restraints
         1. High Costs
         2. Regulatory Challenges
         3. Cultural Sensitivities
      3. Opportunities
         1. Expanding Real Estate Sector
         2. Innovation in Design
         3. Tourism and Entertainment Projects
      4. Challenges
         1. High Competition
         2. Economic Fluctuations
         3. Supply Chain Issues
   3. Technological 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 Interior Design Market Overview
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Decoration Type
         1. New
         2. Renovations
      2. By Budget
         1. Luxury/high-end
         2. Mid-range
         3. Budget-conscious
      3. By Application    
         1. Residential
         2. Commercial
5. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Saudi Arabia Interior Design Company Market Share Analysis, 2023
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Escalating Geopolitical Tensions on Saudi Arabia Interior Design Market
7. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
   1. Al Habtoor Leighton Group (HLG)
   2. Al-Futtaim Group
   3. Diyar Consult
   4. Saudi Binladin Group
   5. Jeddah Construction Company
   6. Zaha Hadid Architects
   7. Buro Happold
   8. HBA (Hirsch Bedner Associates)
   9. LWK + Partners
   10. KCA International
   11. 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 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 Interior Design Segmentation

Figure 2       Saudi Arabia Interior Design Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       Saudi Arabia Interior Design Market Size, By Value (USD Billion), 2019–2030

Figure 5       Saudi Arabia Interior Design Market Share, By Decoration Type, By Value, 2019–2030

Figure 6       Saudi Arabia Interior Design Market Share, By Budget, By Value, 2019–2030

Figure 7       Saudi Arabia Interior Design Market Share, By Application, By Value, 2019–2030

List of Tables

Table 1        Saudi Arabia Interior Design Market Share, By Decoration Type, By Value, 2019–2030

Table 2        Saudi Arabia Interior Design Market Share, By Budget, By Value, 2019–2030

Table 3        Saudi Arabia Interior Design Market Share, By Application, By Value, 2019–2030

Table 4        Al Habtoor Leighton Group (HLG) Company Overview

Table 5        Al Habtoor Leighton Group (HLG) Financial Overview

Table 6        Al-Futtaim Group Company Overview

Table 7        Al-Futtaim Group Financial Overview

Table 8        Diyar Consult Company Overview

Table 9        Diyar Consult Financial Overview

Table 10      Saudi Binladin Group Company Overview

Table 11      Saudi Binladin Group Financial Overview

Table 12      Jeddah Construction Company - Company Overview

Table 13      Jeddah Construction Company Financial Overview

Table 14      Zaha Hadid Architects Company Overview

Table 15      Zaha Hadid Architects Financial Overview

Table 16      Buro Happold Company Overview

Table 17      Buro Happold Financial Overview

Table 18      HBA (Hirsch Bedner Associates) Company Overview

Table 19      HBA (Hirsch Bedner Associates) Financial Overview

Table 20      LWK + Partners Company Overview

Table 21      LWK + Partners Financial Overview

Table 22      KCA International Company Overview

Table 23      KCA International Financial Overview