The "Saudi Arabia Commercial Interior Fit Out Market, By Application (Offices, Hotels & Resort, Retail, Healthcare, Education, Others), By Ownership (Self Owned, Rented), By Region, Competition Forecast & Opportunities, 2017-2028" report has been added to ResearchAndMarkets.com's offering.
Saudi Arabia Commercial Interior Fit Out Market was valued at USD1,012.35 million in 2021 and is anticipated to project robust growth in the forecast period with a CAGR of 12.76% owing to the increasing adoption of interior fit out services in the commercial sector, etc.
Demand Due to Mega Projects
The expansion and development of several mega projects in Saudi Arabia are expected to raise the need for commercial interior fit out services in the country. Furthermore, interior items are needed for a wide variety of projects that are in varying phases of development. The Mall of Saudi, a USD3.2 billion project that entails the development of a mall across an area of 866,000 square meters, is also anticipated to have indoor snow parks, as well as 300,000 square meters of shopping, dining, and entertainment space. A new megacity on the Red Sea, close to Saudi Arabia's border with Egypt and Jordan, is anticipated to be built as part of the ground-breaking NEOM project. It would cover an area almost 33 times the size of New York City. The Saudi Arabia Commercial Interior Fit Out Market is anticipated to grow significantly as a result of such massive projects constructed for commercial purposes.
Rising Real Estate Industry Demand to Support Market Development
The expansion of Saudi Arabia's urban population and rising real estate demand are two of the primary factors propelling the growth of the commercial interior fit out market. The demand for high-end office and hotel interiors is rising in Saudi Arabia as a result of the expansion of the infrastructure and hospitality sectors. The Saudi Arabia Commercial Interior Fit Market is anticipated to grow as a result of the increased demand for luxurious interiors such as bedrooms, bathrooms, and kitchens.
Advertising on Social Media
The usage of social media by businesses has increased significantly during the past several years. Commercial interior fit out companies have a great opportunity to market their products on social media, especially to young people who spend a lot of time there. This saves time by producing video material that informs potential customers about the firm's product and service offerings, and at the same time, corporate leaders may also help clients to have a better idea of what they're searching for. This kind of material is a great way to show what a firm can achieve; especially as more social media platforms turn their focus to video.
3D Printing
The cost and efficiency of 3D printing have now increased, and as a result of the influence of this technology on the Commercial Interior Fit Out Market, the sector is preparing for a second industrial revolution. In a constrained area, the commercial interior fit-out providers may quickly display their ideas and give buyers the chance to touch and feel them. The time between having an idea and putting it into action is significantly shortened by the usage of 3D printing. Therefore, it is anticipated that 3D printing will become a major trend in the Saudi Arabia Commercial Interior Fit Out Market.
Market Segmentation
Saudi Arabia Commercial Interior Fit Out Market, By Application:
- Hotels & Resort
- Retail
- Offices
- Healthcare
- Education
- Others
Saudi Arabia Commercial Interior Fit Out Market, By Ownership:
- Self Owned
- Rented
Saudi Arabia Commercial Interior Fit Out Market, By Region:
- Riyadh
- Makkah
- Eastern Province
- Rest of Saudi Arabia
Key Topics Covered:
1. Service Overview
2. Research Methodology
3. Impact of Major Industries on Saudi Arabia Commercial Interior Fit Out Market
4. Executive Summary
5. Voice of Customer
6. Saudi Arabia Commercial Interior Fit Out Market Outlook
7. Riyadh Commercial Interior Fit Out Market Outlook
8. Makkah Commercial Interior Fit Out Market Outlook
9. Eastern Province Commercial Interior Fit Out Market Outlook
10. Saudi Arabia Building Construction Market Overview
11. Upcoming Mega Projects in Saudi Arabia
12. List of Major Construction Contracts Awarded
13. Market Dynamics
14. Market Trends and Developments
15. Policy and Regulatory Landscape
16. Supply Chain Analysis
17. Saudi Arabia Economic Profile
18. Company Profiles
19. Market Strategy
20. Strategic Recommendations
21. About the Publisher & Disclaimer
Companies Mentioned
- Construction & Planning Co. Ltd. (C&P)
- Havelock One Interiors WLL
- Kinnarps Project Solutions (KPS) LLC
- ArchiSite Group
- DEPA Saudi Arabia for Contracting & Interior Design Ltd
- Saudi Tamat Contracting Co.
- Cedrus International
- ID Works Global
- Saudi Icon
- Absal Paul Contracting
- A&T Group Interiors
- ASP Saudi Trading Company
For more information about this report visit https://www.researchandmarkets.com/r/yu3zvz
View source version on businesswire.com: https://www.businesswire.com/news/home/20221005005425/en/
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