MarkNtel Advisors recently published a detailed industry analysis of the Saudi Arabia E-Commerce Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Saudi Arabia E-Commerce Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The Saudi Arabia E-Commerce Market size was valued at around USD 15 billion in 2024 and is projected to reach USD 29 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 12% during the forecast period, i.e., 2025-30.
What are the major Driver the Saudi Arabia E-Commerce industry?
Tech-Savvy Population Boosting E-commerce Sector – Saudi Arabia has more than 36 million people in its population. The average age of the country is approximately 30, roughly 25% of the Saudi population falls within the range of ages 18 to 24. Saudi Arabia, other than this benefit of the youth population, also enjoys a well-developed digital infrastructure. The Internet penetration in Saudi Arabia has nearly touched the entire population, mainly due to government efforts such as the installation of free Wi-Fi hotspots across the country. In addition, the kingdom has complete penetration of cellular devices. These dynamics result in the young population of the country spending a substantial amount of time on the Internet. For instance, the CST Commission of Saudi Arabia in 2023 reported that about 52.3% of the population of the kingdom spends seven hours on the internet.
The development of these scenarios brought about an extreme boom in the e-commerce industry of the kingdom. According to the CST Commission of Saudi Arabia, in 2023, as many as 63.7% of internet users bought products or services online within the country, and 74.6% of those purchases were made by women. Other than this, the General Authority of SMEs of Saudi Arabia envisages that the e-commerce sector of the country will reach revenue of approximately USD 56.2 billion by the end of 2024. Despite such huge growth, e-commerce sales account for only around 18% of the total retail sales. This, in turn, reflects the high growth that the market will gain during the forecasted period.
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What segments define the Saudi Arabia E-Commerce market from 2025 to 2030? How do these segments contribute to market dynamics and growth?
- By Business Model
- Horizontal E-commerce – Market Size & Forecast 2020-2030F, USD Million
- Vertical E-commerce – Market Size & Forecast 2020-2030F, USD Million
- By Browsing Method
- App-based – Market Size & Forecast 2020-2030F, USD Million
- Website-based – Market Size & Forecast 2020-2030F, USD Million
According to report, In 2024, the App-Based browsing method holds the largest share of more than 65% in the e-commerce market of Saudi Arabia.
- By Product Type
- Consumer Electronics – Market Size & Forecast 2020-2030F, USD Million
- Apparel and Fashion – Market Size & Forecast 2020-2030F, USD Million
- Home and Furniture – Market Size & Forecast 2020-2030F, USD Million
- Food and Groceries – Market Size & Forecast 2020-2030F, USD Million
- Others (Beauty & Wellness, Pharmaceutical Products, etc.) – Market Size & Forecast 2020-2030F, USD Million
- By Payment Mode
- Cash Payment – Market Size & Forecast 2020-2030F, USD Million
- Card Payment – Market Size & Forecast 2020-2030F, USD Million
- Digital Wallet – Market Size & Forecast 2020-2030F, USD Million
According to report, In 2024, the card payment segment holds more than 45% share in the Saudi Arabia E-Commerce Market.
- By Transaction
- Business-to-Business – Market Size & Forecast 2020-2030F, USD Million
- Business-to-Consumer – Market Size & Forecast 2020-2030F, USD Million
Explore the Complete Saudi Arabia E-Commerce Market Analysis Report – https://www.marknteladvisors.com/research-library/saudi-arabia-e-commerce-market.html
Geographical Analysis: Saudi Arabia E-Commerce Market
- Central Saudi Arabia
- Al-Qassim
- Riyadh
- Northern Saudi Arabia
- Ha’il
- Tabuk
- Al-Jawf
- Northern Border Province
- Western Saudi Arabia
- Madinah
- Makkah
- Al-Bahah
- Southern Saudi Arabia
- Asir
- Jazan
- Najran
- Eastern Saudi Arabia
- Eastern Province
Saudi Arabia E-Commerce Market Share & Competitive Landscape:
The Saudi Arabia E-Commerce Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Saudi Arabia E-Commerce Market are:
- Amazon (Saudi Arabia)
- Noon
- Ali Express
- Jahez (BookStore & Food)
- Hungerstation
- Shein (Saudi Arabia)
- Careem
- Extra
- Jazp
- Trendyol
- Temu
Saudi Arabia E-Commerce Industry Recent Development:
- November 2024: Noon and Beyoung entered into a partnership where Noon will help Beyoung to enter the Middle East Market including Saudi Arabia.
- March 2024: Careem partners with Redbox, which is the largest parcel locker in the MENA region, to deliver its packages in Saudi Arabia.
Questions Addressed in this Study
- What factors are driving the Saudi Arabia E-Commerce Market growth?
- How is the Saudi Arabia E-Commerce Market expected to grow over the next five years?
- What are the key insights into the current trends in the Saudi Arabia E-Commerce Market?
- What is the current size of the Saudi Arabia E-Commerce Market, and how is it projected to change in the future?
6.What is the future outlook for the Saudi Arabia E-Commerce Market in terms of technological advancements and market expansion?
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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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