PROSPECTS AND OPPORTUNITIES
Urbanisation and rising home ownership will drive demand for home improvement and gardening products
Demand for home products will continue to benefit from rising home ownership and infrastructure development boosting urbanisation through the emergence of new cities like Qiddiya. The industry’s performance will also be supported by the liberalisation of property investment laws, which are set to attract foreign investments and boost demand for home products.
Local homeware and furniture players might consider regional expansion
With younger generations of consumers showing preferences for modern and westernised home styles, there could be a shift away from traditional products. In response to this trend, local players might consider regional expansion and export markets to support their retail business.
Social media and new technology should help home products specialists to capitalise on the growing interest in DIY and interior design
As the population in Saudi Arabia becomes more aware of home design and functionality, there is a growing demand for well-designed and functional homes. This demand should help drive growth for home products specialists which can cater to the specific needs and preferences of consumers in the forecast period.
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Overview:
Understand the latest market trends and future growth opportunities for the Home Products Specialists industry in Saudi Arabia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Home Products Specialists industry in Saudi Arabia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Home Products Specialists in Saudi Arabia report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Home Products Specialists in Saudi Arabia?
- Which are the leading retailers in Home Products Specialists in Saudi Arabia?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
Home Products Specialists in Saudi Arabia - Category analysis
KEY DATA FINDINGS
Homeware and furniture stores see influx of new players
Saudi Co For Hardware (SACO) retains its lead in home improvements
Pet shops and superstores are expanding rapidly
Urbanisation and rising home ownership will drive demand for home improvement and gardening products
Local homeware and furniture players might consider regional expansion
Social media and new technology should help home products specialists to capitalise on the growing interest in DIY and interior design
Retail in Saudi Arabia - Industry Overview
Retail in 2024: The big picture
Mergers and acquisitions reshape the competitive landscape
Retail e-commerce is developing at considerable speed
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Ramadan and Eid-al Fitr
National day
Back to school
White Friday
DISCLAIMER
The following categories and subcategories are included:
Home Products Specialists
- Home Improvement and Gardening Stores
- Homewares and Home Furnishing Stores
- Pet Shops and Superstores
Home Products Specialists
The aggregation of home improvement and gardening stores, homewares and home furnishing stores, and pet shops and superstores.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Home Products Specialists research and analysis database.
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