(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Oct 28, 2021, 09:34 /Comserve / -- GCC Interior Design Services Market With Top Countries Data, Industry Analysis , Size, Share, Revenue, Prominent Players, Developing Technologies, Tendencies and Forecast
GCC economies are expected to grow over 2% in the year 2020, driven by an increase in public spending and focus on the development of the private sector in the region. Interior design is closely related to the overall health of the economy, in particular, the property market.
GCC's hosting of mega-events, such as Expo 2020 (Dubai), Index at World Trade Center Dubai, FIFA world cup 2022 (Qatar) and increased focus on tourism business in the GCC are working together to take advantage of lucrative opportunities in construction projects and interior design services projects related to these events.
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The rise in economic activities and construction upswing may influence growth in the interior design services market in the region. The needs of people and society are changing to keep themselves up with current design changes. Architects and interior designers are focusing on creating contemporary solutions with the advent of new technologies and building materials in the region.
Key Market Trends
United Arab Emirates is the Leading Interior Design Market Services in the GCC
The United Arab Emirates (UAE) is leading the interior design services market in terms of spending, followed by the kingdom of Saudi Arabia. Construction in the United Arab Emirates to meet the requirements of Expo 2020 is likely to increase demand in the interior design market of the country. Free-hold properties also contribute to that trend. Also, the United Arab Emirates and Saudi Arabia are involving themselves more in the refurbishing and renovation programs to upgrade the old buildings by using sustainable materials and smart technology.
Hotels Segment in the GCC Market has Higher Spend for the Interior Design Services
The hotel segment surpassed the residential sector in terms of interior design projects in the GCC region, with a higher spend on interior design services. GCC is expecting an addition of approximately 58,000 units to enter the market for hotels project. With mega events drawing near, designers and consultants are working on refurbishing the existing hotel projects with high quality. On the other hand, due to various reforms by the GCC governments and policy of affordable housing in the region, the residential sector possesses a high demand for interior design services in the market.
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Competitive Landscape
The GCC interior design market services is fragmented due to the presence of a large number of global and regional players in the market. The competition is rising among the regional and global players in the market. Players are innovating in terms of providing services online to clients using 3-D virtual services. However, individual industries for interior design products are experiencing profitability in the market.
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Value Chain Analysis
4.2 Porter's Five Forces Analysis
4.3 Insights on Impact of COVID -19 on the Market
4.4 Insights on Changes in Consumer Spending on Interior Designs Services in the Market
4.5 Insights on Interior Design Services Market in GCC by Contractors, E-commerce, etc.
4.6 Insights on Applications in Newly Decorated and Repeated Decorated Interior Designs Services Market
4.7 Insights on Governmnet Regulations in the Market
4.8 Insights on Technology Innovations in the Market
5 MARKET DYNAMICS
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