Saudi Arabia Home Remodeling Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)

Saudi Arabia Home Remodeling Market Size

Saudi Arabia Home Remodeling Market Trends & Growth Drivers

Adoption of Modern and Luxurious Designs and Architectural Styles Is Key Trend

• Saudi Arabia’s people are looking to upgrade their residential properties with novel features, luxurious amenities, and high-end technologies. This trend is escalating the demand for expensive materials, such as granite, marble, top-quality hardwoods, and appliances of popular brands.
• There is a rising popularity of large and open floor plans with features such as home theaters, private gyms, and outdoor entertainment areas, which highlights people’s modern lifestyles.

Rapid Urbanization and Population Growth Are Driving Market

• Saudi cities and semi-urban areas are witnessing a huge influx of people from rural areas, thus leading to rapid urbanization. This is increasing the demand for new houses and the renovations of existing properties.
• People are continually seeking to improve the comfort, functionality, and aesthetics of their residences due to the changing lifestyle and emerging needs. This is why they are increasingly remodeling kitchens, bathrooms, and living spaces.

Lack of Skilled Labor Is Key Challenge

• The demand for home renovation is continuously rising, which is leading to an increase in the demand for skilled builders, carpenters, electricians, plumbers, and other kinds of laborers. This acts as a challenge for the market growth as Saudi Arabia lacks such professionals significantly, and most of them are expatriates.
• Construction materials are imported to the country in high volumes, which raises expenses for homeowners owing to the high shipping costs and import tariffs.

Saudi Arabia Home Remodeling Industry Outlook

Project Type Insights

Professional is the largest category, with a market share of 80% in 2024, and the fastest-growing category too, with an expected CAGR of 5.5% during 2024–2030. This is due to the commencement of numerous renovation projects, high requirement for specialized skills and equipment, and preference for high quality. Additionally, professional remodelers offer several advantages over the DIY approach, such as professionals’ knowledge and experience, efficiency in completing projects, accountability for the quality, and ability to offer customized solutions as per particular needs.

This segment has two categories:

• Do It Yourself (DIY)
• Professional (Larger and Faster-Growing Category)

Distribution Channel Insights

Online is the faster-growing category, with a CAGR of 5.6%. This supremacy is due to the convenience, variety, price transparency, accessibility, and personalization people get with purchasing on e-commerce portals. The increasing usage of online shopping platforms has transformed the pattern of shopping of consumers for remodeling products and services.
The offline distribution channel holds a larger share in Saudi Arabia, especially for specialized products or services that need in-person consultation and installation.

This segment is divided into two categories:

• Online (Faster-Growing Category)
• Offline (Larger Category)

Application Insights

Kitchens and bathrooms is expected to have the highest CAGR, of 5.8% during the forecast period. This is due to the importance of these spaces in the house as significant time is spent here and bathroom. Homeowners give priority to these areas while remodeling their homes and demand advanced, functional, and aesthetically pleasing environments.

The kitchen and bathroom remodeling industry is also seeing advancements in technology, materials, and fixtures. Homeowners are increasingly utilizing smart technologies, innovative materials, and energy-efficient appliances.

These applications have been analyzed:

• Windows and Doors
• Kitchens and Bathrooms (Fastest-Growing Category)
• Floors and Roofs (Largest Category)
• Walls
• Others

Al-Riyadh Is Largest Province

Al-Riyadh is the largest province, with a market share of 40% in 2024. This is because Riyadh is the largest urban center and home to a huge population, which leads to a boom in its real estate sector. The growth of the population, along with urbanization and economic development, contribute to the rising demand for home remodeling services.

These provinces were analyzed in this report:

• Al-Riyadh (Largest Province)
• Makkah
• Al-Madinah
• Al-Qaseem
• Eastern Region (Fastest-Growing Province)
• Aseer
• Tabouk
• Hayel
• Northern Border
• Jazan
• Najran
• Al-Baha
• Al-Jouf

Market Concentration – Fragmented

The Saudi Arabian home remodeling market is fragmented in nature and witnesses’ intense competition. A few established players are dominating the market, while many small local contractors and specialized firms are expanding the variety and reach of their services. Numerous opportunities are yet to come due to many residential projects under construction around the kingdom.

Saudi Arabia Home Remodeling Industry News

• In November 2023, Omrania was acquired by Egis Group.
• Ajdan partnered with Roshn in December 2022 for constructing more than 270 villas in Roshn’s mixed-use community Sedra in northeast Riyadh. This project includes more than 2,100 residential units with entertainment and other amenities. Around 5–6 years after the units are occupied, they would require renovation.