Report Overview

UAE Commercial Interior Fit Out Market - Industry Trends & Forecast Report 2028

UAE Commercial Interior Fit out Market was worth USD 1.47 billion in 2021 and is further projected to reach USD 2.51 billion by the year 2028, exhibiting a CAGR of 8.4% during the forecast period (2022-2028). The rapid expansion of the market is predominantly due to the rising demand for aesthetically pleasing appearances and the widespread use of contemporary offices with interior design that is in line with technical advancements. The expansion of the UAE Commercial Interior Fit Out Market over the next five years is also supported by the expanding construction sector and rising demand for sustainable structures. The country's commercial real estate supply, demand, and vacancy rates are some factors that are expected to contribute to the UAE Commercial Interior Fit Out Market's expansion during the next five years.

Commercial Interior Fit Out - Overview

Making a commercial interior space livable is referred to as a commercial interior fit-out. It covers the procedure used to renovate, construct, decorate, or furnish the interior to satisfy the tenant's occupancy needs. Installation of ceilings, walls, furniture and other interior upgrades are all considered fit-out tasks. Along with this, the fit-out process also includes building services like wiring, cabling, internet connectivity, and communication setups. .

UAE Commercial Interior Fit Out Market Forecast and Trends

Growth Drivers

Thriving Tourism and Hospitality Industries

Dubai's tourist and hospitality industry has been growing as a result of the nation's significant investments in infrastructure development, which largely entail the creation of infrastructure for hospitality and leisure. These changes boosted tourism and helped the nation get ready for the Dubai Expo 2020 event, which ran from March 2022 to March 2022 and drew foreign investment. Initiatives like the "Dubai Tourism Strategy 2025" and the "Dubai 2040 Urban Master Plan," which seek to increase tourist numbers in Dubai by 134 percent while simultaneously developing the nation's tourism and hospitality infrastructure, are supporting the UAE's tourism and hospitality industry. According to the World Travel and Tourism Council, the UAE is expected to generate income in the travel and tourism sector of over USD72 billion in 2027, contributing 12.7 percent to GDP.

Developing the Smart Cities Concept

Following the 'UAE Vision 2021' and city-level policies such as the 'Dubai 2040 Urban Master Plan' and the 'Abu Dhabi Economic Vision 2030,' the UAE intends to build multiple Smart Sustainable Cities across the country. The UAE defines smart cities as environmentally friendly urban projects that are technologically integrated with cutting-edge ICT (Information and Communication Technology) and the Internet of Things (IoT). The United Arab Emirates has made tremendous progress in the development of smart cities, with key programs such as Abu Dhabi's Zayed Smart City Project, Dubai's Sustainable City Project, and Abu Dhabi's Masdar City Project, among others. To cut back on electricity use, Dubai also built 30,000 homes for Emiratis and foreigners in Desert Road City. The UAE plans to reduce its carbon footprint by 30% by the year 2030. As a result, green building regulations are being followed in the construction of the nation's planned smart, sustainable communities. Such objectives are probably going to open up a plethora of opportunities for UAE interior fit-out businesses, especially those that specialize in green projects.

Government Programs Aiding UAE Infrastructure Development

The foundation for lessening the reliance of the national economy on oil revenues is provided by the UAE's Vision 2021. The nation created policies aimed at significant infrastructure spending, varied industries, and a business-friendly atmosphere. Attracting foreign investments has been of utmost importance since they help the economy of the nation and promote the growth of a strong commercial infrastructure. For the nation, hospitality and tourism are important issues. With goals like the "Dubai Tourism Strategy 2025" and the "Dubai 2040 Urban Master Plan," it is clear that the nation intends to improve its hospitality infrastructure.

Restraints

Lack of Skilled Workers

Labor shortages in the design services market were caused by fierce rivalry among providers of these services and a lack of individuals with the necessary training. For instance, designers are required to refresh their skill sets in the most recent technologies in terms of smartphones, tablets, and other IoT (Internet of Things) applications as new technologies and standards were emerging in the market. Similar to how some industrial designers and interior designers lacked the newest skill sets, this created intense competition among industrial design and interior design firms for workers with the newest abilities.

Impact of COVID-19 on UAE Commercial Interior Fit Out Market

For most businesses, including the interior design sector, the COVID-19 breakout has changed the rules of the game. The interior design industry was destroyed by the Covid-19 epidemic. All interior design work, including new contracts and continuing work, has been put on hold due to the statewide lockdown that has been enforced by several governments. Interior design was less necessary when people's purchasing power declined. Meeting their basic requirements was the main concern for people everywhere. Aside from that, the complete closure halted all manufacturing, exports, and imports, interrupting the flow of raw resources and hurting the economy. The labor shortage presented the market with several difficulties. Although the COVID-19 epidemic caused issues for the sector, it also provided an opportunity for the market to grow. The industry's resurgence was substantially aided by the extensive usage of technology at this time, such as 3D rendering techniques and virtual designing.

UAE Commercial Interior Fit Out Market - By Ownership

Based on the ownership, the UAE Commercial Interior Fit Out Market is segmented into Self-Owned, Rented, Hospitality, Commercial, Retail, Education, Healthcare, and Others. Among these, self-owned accounts for the largest share in the UAE Commercial Interior Fit Out Market. Due to increased disposable income among the country's population, self-owned infrastructures are expected to have the biggest revenue shares and dominate the market sector in the next five years. Growing young independence, an increase in the number of start-up plans transformed into businesses, and a greater gross economy all contribute to the expansion of the UAE Commercial Interior Fit Out Market in the next five years. In addition, increased business complex building will boost the growth of the UAE Commercial Interior Fit Out Market during the next five years.

UAE Commercial Interior Fit Out Market – By Application

Based on application, the UAE Commercial Interior Fit Out Market is segmented into Residential, Hospitality, Commercial, Retail, Education, Healthcare, and Others. Among these, the hospitality segment holds the largest market share. The UAE has established itself as one of the top travel destinations for leisure travelers globally over the past ten years, which has prompted the government to increase spending on the construction of the nation's hospitality infrastructure. To accommodate the influx of tourists during and after the Dubai Expo-2020, hotels in Abu Dhabi and Dubai have both seen new construction and renovations. Furthermore, Dubai's aspirations to surpass all other cities in terms of visitors are another step toward improving the nation's tourism infrastructure through the creation of numerous new venues. All these factors boost the growth of the UAE Commercial Interior Fit Out Market during the forecast period (2022-2028).

Competitive Landscape

The leading market players in the UAE Commercial Interior Fit Out Market are A & T Group Interiors, Al Tayer Stacks LLC, Horton Interiors, BW Interiors, Summertown Interiors, The Fitout LLC, ARKI Group Design LLC, Al Shirawi Contracting Company LLC, Xworks Interior LLC, Depa Plc, and other prominent players.

The UAE Commercial Interior Fit Out Market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.

Recent Development

Scope of the Report

By Ownership

• Self-Owned
• Rented
• Hospitality
• Commercial
• Retail
• Education
• Healthcare
• Others

By Application

• Residential
• Hospitality
• Commercial
• Retail
• Education
• Healthcare
• Others

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary and Secondary Products
   2. Quantitative Research
      1. Primary and Secondary Products
   3. Breakdown of Primary Research Respondents
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Industry Participants
   5. Market Breakdown & Data Triangulation
3. Executive Summary
4. UAE Commercial Interior Fit Out Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   3. Porter’s Five Forces Analysis
      1. Bargaining End-use Industry of Suppliers
      2. Bargaining End-use Industry of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
   4. Recent Development
   5. PESTEL Analysis
5. UAE Commercial Interior Fit Out Market Overview
   1. Market Size & Forecast by Value, 2018-2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Ownership
         1. Self-Owned
         2. Rented
         3. Hospitality
         4. Commercial
         5. Retail
         6. Education
         7. Healthcare
         8. Others
      2. By Application
         1. Residential
         2. Hospitality
         3. Commercial
         4. Retail
         5. Education
         6. Healthcare
         7. Others
6. Competitive Landscape
   1. List of Key Players and their Offerings
   2. Company Market Share Analysis, 2021
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development (Merger, Acquisition, Partnership, etc.)
7. Impact of Covid-19 Across Interior Fit Out Market
8. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
   1. A & T Group Interiors
   2. Al Tayer Stacks LLC
   3. Horton Interiors
   4. BW Interiors
   5. Summertown Interiors
   6. The Fitout LLC
   7. ARKI Group Design LLC
   8. Al Shirawi Contracting Company LLC
   9. Xworks Interior LLC
   10. Depa Plc
   11. Other Prominent Players
9. Key Strategic Recommendations

List of Figures

 Figure 1       UAE Commercial Interior Fit Out Market Segmentation

Figure 2        UAE Commercial Interior Fit Out Market Value Chain Analysis

Figure 3        Company Market Share Analysis, 2021

Figure 4        UAE Commercial Interior Fit Out Market Size, By Value (USD Million), 2018-2028

Figure 5        UAE Commercial Interior Fit Out Market Share, By Ownership, By Value, 2018-2028

Figure 6        UAE Commercial Interior Fit Out Market Share, By Application, By Value, 2018-2028

List of Tables

Table 1         UAE Commercial Interior Fit Out Market Size, By Ownership, By Value, 2018-2028    

Table 2   UAE Commercial Interior Fit Out Market Size, By Application, By Value, 2018-2028                                                                       

Table 3         A & T Group Interiors Company Overview                              

Table 4         A & T Group Interiors Financial Overview                               

Table 5         Al Tayer Stacks LLC Company Overview                                          

Table 6         Al Tayer Stacks LLC Financial Overview                                          

Table 7         Horton Interiors Company Overview                                               

Table 8         Horton Interiors Financial Overview                                       

Table 9         BW Interiors Company Overview                                

Table 10        BW Interiors Financial Overview                                 

Table 11        Summertown Interiors Company Overview                                      

Table 12        Summertown Interiors Financial Overview                                       

Table 13        The Fitout LLC Company Overview                              

Table 14        The Fitout LLC Financial Overview                                        

Table 15        ARKI Group Design LLC Company Overview        

Table 16        ARKI Group Design LLC Financial Overview                                     

Table 17        Al Shirawi Contracting Company LLC Company Overview                             

Table 18        Al Shirawi Contracting Company LLC Financial Overview          

Table 19        Xworks Interior LLC Company Overview                                          

Table 20        Xworks Interior LLC Financial Overview

Table 21        Depa Plc Company Overview                                               

Table 22        Depa Plc Financial Overview