THE ROLE OF TECHNOLOGY IN TRANSFORMING HOME REMODELING IN SAUDI ARABIA

The Role of Technology in Transforming Home Remodeling in Saudi Arabia

The Role of Technology in Transforming Home Remodeling in Saudi Arabia

Blog Article

Market Overview

In 2024, the Saudi Arabian home remodeling industry will produce an estimated USD 12.2 billion in revenue, and it is estimated to experience a CAGR of 5.2% over the projection period, attaining USD 16.6 billion by the end of the decade.

This is because of the populace development, quick urbanization, and surge in the income of the individuals in the nation. Such reasons drive the demand for restoration and renovation services since homeowners always look to advance the comfort, functionality, and aesthetics of their properties. Furthermore, the government's steps in encouraging cheap housing, sustainable development, and urban regeneration fuel the industry.

Saudi Arabia’s people are keen on redesigning their homes and are seeking new concepts and aesthetics, different experiences and indulgence, more sophisticated applications, and innovative technologies.

This trend is placing higher pressure on the requirements of pricy materials and fixtures like granite, marble, high-class quality hardwood, and appliances of bean brands. increase in the sizes of houses with relatively open settings and physically improved amenities like home theaters, private gyms, and even backyard entertaining spaces, which all reflect peoples’ current and active lifestyles.

It should be noted that Saudi cities and semi-urban areas are densely populated by people who have left the outskirts, therefore actively moving towards greater urbanization. This is carving a new market for constructing new houses and remodeling old homes. There has always been a demand and need to enhance one’s home or office to fit their needs and desires for lifestyle.

Key Insights


  • In 2024, the professional category has the largest industry share of 80% and is the fastest-developing (CAGR of 5.5% during 2024–2030) because of renovation projects, expert skills and equipment, and preference for high quality.



  • Benefits of professional remodelers include knowledge and experience, effectiveness, quality responsibility, and personalized solutions.



  • The online category is growing at a CAGR of 5.6% because of convenience, range, cost transparency, accessibility, and personalization.



  • Offline distribution category holds a larger share in Saudi Arabia for specialized products or services needing in-person consultation and installation.



  • Kitchens and bathrooms are projected to experience the highest CAGR of 5.8% because of their significance in homes, emphasis on enhanced, functional, and aesthetically pleasing environments, and technical improvements.



  • Al-Riyadh province has the largest market share (40%) in 2024 due to its urban center status, large population, real estate boom, urbanization, and economic development.

  • Omrania was acquired by Egis Group in November 2023.



  • Ajdan partnered with Roshn in December 2022 to construct over 270 villas in Roshn’s Sedra community, which includes more than 2,100 residential units with amenities, requiring renovation 5–6 years post-occupation.


Source: P&S Intelligence

 

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