Market Insights Consumer DIY & Hardware Store

Paint, Wallpaper & Supplies - Saudi Arabia

Saudi Arabia

In Saudi Arabia, the revenue generated in the Paint, Wallpaper & Supplies market reaches US$0.89bn in 2024.
It is projected to experience an annual growth rate of 2.76% (CAGR 2024-2029).
When compared globally, in the United States leads in terms of revenue generation with US$51,580m in 2024.
In relation to the total population, per person revenues amount to US$23.75 in 2024.
The demand for high-quality, eco-friendly paint and wallpaper supplies is rapidly growing in Saudi Arabia, driven by the country's increasing focus on sustainable construction practices.

Key regions: Japan, Indonesia, Turkey, Germany, Worldwide

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Analyst Opinion

The DIY & Hardware Store Market in Saudi Arabia has seen stagnant growth due to factors like low consumer spending and slow adoption of digital technologies. However, increasing home renovation trends and rising awareness about DIY projects may drive future growth.

Customer preferences: With the rising popularity of DIY home renovation projects, there has been a notable increase in demand for environmentally friendly paint and wallpaper options in the Saudi Arabian market. Consumers are becoming more conscious of the impact of their home improvement choices on the environment, leading to a growing preference for eco-friendly materials. Additionally, there has been a shift towards more vibrant and unique wallpaper designs, influenced by the country's rich cultural heritage and diverse demographics. This trend is expected to continue as consumers seek to personalize their living spaces and make environmentally responsible choices.

Trends in the market: In Saudi Arabia, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is experiencing a surge in e-commerce, with more consumers turning to online platforms for their home improvement needs. This trend has been fueled by the increasing use of smartphones and the convenience of online shopping. Additionally, there is a growing demand for eco-friendly paint and wallpaper options, as consumers become more environmentally conscious. This shift towards online shopping and sustainability presents opportunities for industry stakeholders to expand their digital presence and cater to new consumer preferences.

Local special circumstances: In Saudi Arabia, the Paint, Wallpaper & Supplies market within the DIY & Hardware Store market is heavily influenced by the country's hot and arid climate. This results in a high demand for paint and wallpaper that can withstand extreme temperatures and humidity levels. Additionally, strict regulations on the types of materials used in construction and renovation projects also impact the market, as certain paints and wallpapers may not be approved for use. Cultural factors, such as a preference for traditional designs and colors, also play a role in shaping consumer preferences and product offerings in this market.

Underlying macroeconomic factors: The Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market in Saudi Arabia is heavily influenced by macroeconomic factors such as the country's strong economic health, government policies and regulations, and global economic trends. With a stable economy and favorable fiscal policies, the DIY & Hardware Store Market has seen significant growth in recent years. Furthermore, the growing population and increasing urbanization in Saudi Arabia have created a high demand for DIY and home renovation products, including paint and wallpaper supplies. As the country continues to diversify its economy and invest in infrastructure, the market for these products is expected to flourish.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are segmented by product type and consist of the following: Paint, Wallpaper & Supplies, Tools & Machines, Hardware and Building Materials, Lawn & Garden, Heating & Cooling, Bathroom Hardware, and Floor Covering.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as product value, import value, and export value to determine domestic supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are turnover indices, GDP per capita, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.