Report Overview

Increasing interest in outsourcing, upcoming interior design events, smart cities concept, and growing tourism and hospitality sector could drive the Saudi Arabia Commercial Interior Fit Out Market at an impressive high growth rate during the forecast period between 2022 and 2028.

Saudi Arabia Commercial Interior Fit Out Market - Industry Trends & Forecast Report, 2028

Saudi Arabia commercial interior fit out market size was estimated at USD 1.18 billion in 2021. During the forecast period between 2022 and 2028, the size of Saudi Arabia commercial interior fit out market is projected to grow at a CAGR of 14.0% reaching a value of USD 2.9 billion by 2028. Saudi Arabia's need for commercial interior fit out services is expected to increase with the growth and development of several mega projects in the country. A variety of projects that are in various stages of development require interior items as well. In addition to having indoor snow parks and 300,000 square meters of shopping, dining, and entertainment space, The Mall of Saudi, a USD 3.2-billion project that entails the development of a mall over an area of 866,000 square meters, is also expected to have these features. As part of the revolutionary NEOM project, a brand-new megacity is expected to be constructed on the Red Sea, close to Saudi Arabia's border with Egypt and Jordan. Nearly 33 times the size of New York City would be covered. Due to the sizeable commercial projects being built, Saudi Arabia Commercial Interior Fit Out Market is expected to expand at a significant growth rate during the period in analysis.

Saudi Arabia Commercial Interior Fit Out Market – Overview

Fit-out tasks include the installation of flooring, ceilings, partitions, furniture, and other interior upgrades. The fit out process also includes building services, such as wiring, cabling, internet access, and communication setups. Commercial interior fit out is the process of preparing a commercial interior space for occupation. It describes the process of renovating, building, decorating or furnishing the interior to meet the tenant's occupancy requirements. Fit-out activities include the installation of ceilings, partitions, furnishings, and any other interior improvements. Building services, such as cabling, wiring, internet connectivity, and communication arrangements are also covered by the fit-out process.

Saudi Arabia Commercial Interior Fit Out Market

Growth Drivers

Megaprojects driving demand for commercial interior fit out

Saudi Arabia's need for commercial interior fit out services is expected to increase with the growth and development of several mega projects in the country. A variety of projects that are in various stages of development require interior items as well. In addition to having indoor snow parks and 300,000 square meters of shopping, dining, and entertainment space, The Mall of Saudi, a USD 3.2-billion project that entails the development of a mall over an area of 866,000 square meters, is also expected to have these features. As part of the revolutionary NEOM project, a brand-new megacity is expected to be constructed on the Red Sea, close to Saudi Arabia's border with Egypt and Jordan. It would cover 33 times the area of New York City. As a result of such large commercial projects, the Saudi Arabia commercial interior fit out market is expected to grow significantly.

Social media marketing

Businesses' use of social media has grown significantly over the last few years. Commercial interior design firms have a fantastic opportunity to market their products on social media, particularly to young people who spend a lot of time there. This saves time by creating video content that informs potential customers about the firm's product and service offerings, and corporate leaders may also assist clients in better understanding what they are looking for. This type of content is an excellent way to demonstrate what a company is capable of; especially as more social media platforms shift their focus to video.

Increasing adoption of 3D printing

Now that 3D printing is more affordable and effective, the market for commercial interior fit outs is getting ready for a second industrial revolution because of this technology's impact. Commercial interior fit-out providers can quickly present their concepts and give customers the chance to touch and feel them in a small space. The use of 3D printing significantly reduces the time between having an idea and putting it into action. As a result, it is projected that the Saudi Arabia commercial interior fit out market will record a significant growth due to the increasing usage of 3D printing in commercial interior fit out activities.

Impact of COVID-19 on Saudi Arabia Commercial Interior Fit Out Market

The COVID-19 pandemic and related restrictions adversely affected Saudi Arabia commercial interior fit out market, as commercial establishments had faced challenges to conduct their business activities. However, post the relaxations on COVID-19 related restrictions the market is expected to grow in the coming years. Increasing smart city construction and the adoption of technology in the building sector are expected to drive Saudi Arabia commercial interior fit out market in the coming years. Concerns about environmental degradation, as well as a greater reliance on zero-carbon technology, also support the market expansion. Growing travel and tourism industry, rising disposable income, and expectations of opulent hospitality are expected to contribute to the growth of Saudi commercial interior fit out market. New market participants may focus on satisfying the needs of the consumer to establish their brand in the market.

Saudi Arabia Commercial Interior Fit Out Market

Segmental Coverage

Saudi Arabia Commercial Interior Fit Out Market - By Application

By application, Saudi Arabia commercial interior fit out market is categorized into Commercial, Hospitality, Residential, Healthcare, Retail, Education, and other segments. Making a commercial interior space livable is referred to as commercial interior fit out. It describes the procedure used to renovate, construct, decorate, or furnish the interior to satisfy the tenant's occupancy requirements. Installation of ceilings, walls, furniture and other interior improvements are all considered fit-out activities. Along with this, the fit-out process also includes building services like wiring, cabling, internet connectivity, and communication setups.

Saudi Arabia Commercial Interior Fit Out Market - By Ownership

By ownership, Saudi Arabia commercial interior fit out market is divided into Self-Owned and Rented segments. Based on rising disposable income among the population of the nation, self-owned infrastructures are predicted to hold a higher revenue share of the market and dominate the market segment. The young population's growing independence, the number of startup ideas that become successful businesses, and Saudi Arabia’s growing gross domestic product will all contribute to the growth of the commercial interior fit out market over the next five years. The growth of Saudi Arabia commercial interior fit out market is also supported by an increase in the construction of commercial complexes.

Competitive Landscape

Saudi Arabia commercial interior fit out market is fiercely competitive. Prominent players in the market include A&T Group Interiors, Construction & Planning Co. Ltd, Havelock One Interiors WLL, Al Mashsha Contracting, Baumat, ASP Saudi Trading Company, Archi Décor, and AGE Interior & Fit Out. These market leaders use key strategies, such as new product and service launches, mergers and acquisitions, partnerships, collaborations, and joint ventures. To further grow their market share, these companies are also focusing on investing in innovations and expansions.

Scope of the Report

By Application

• Commercial

• Hospitality

• Residential

• Healthcare

• Retail

• Education

• Others

By Ownership

• Self-Owned

• Rented