Saudi Arabia Apparel Market Overview
According to SPER Market Research, the Saudi Arabia Apparel Market is estimated to reach USD 24.26 billion by 2033 with a CAGR 3.47%.
Apparel refers to clothing, garments, or attire worn by individuals. It encompasses a wide range of products, including but not limited to shirts, pants, dresses, skirts, jackets, and accessories such as hats, belts, and shoes. The apparel market refers to the industry involved in the production, distribution, and sale of these clothing items. It involves various stakeholders such as designers, manufacturers, wholesalers, retailers, and consumers.
Exploring the Growth Drivers of the Saudi Arabia Apparel Industry
The Saudi Arabia apparel market is influenced by several growth drivers that contribute to its development and expansion. The key factors driving the growth of the apparel market in Saudi Arabia is the expanding population and demographics. Saudi Arabia has a growing population, including a large youth segment with increasing disposable income. This demographic trend leads to a higher demand for apparel products, as younger consumers are more fashion-conscious and tend to spend on clothing and accessories. Furthermore, changing fashion preferences and westernization is also driving the market for apparel market. Saudi Arabia is witnessing a shift in fashion preferences, with an increasing acceptance of Western-style clothing alongside traditional attire. This trend has created opportunities for international fashion brands and retailers to enter the Saudi market and cater to the evolving consumer demands.
What challenges does the Saudi Arabia Apparel Market face?
While the Saudi Arabia apparel market offers significant growth opportunities, it also faces certain challenges that impact its development. The extreme weather conditions in Saudi Arabia, with scorching summers and mild winters, create seasonal fluctuations in apparel demand. Retailers need to manage inventory effectively to cater to the varying needs of consumers throughout the year, which can be challenging in terms of planning and logistics.
Furthermore, the apparel market in Saudi Arabia is highly competitive, with both domestic and international brands vying for market share. Local retailers face competition from global fast-fashion brands, luxury labels, and e-commerce giants. It requires strategic positioning, differentiation, and efficient supply chain management to thrive in such a competitive environment thereby hampering the apparel market in Saudi Arabia.
In what ways has the COVID-19 pandemic affected Saudi Arabia Apparel Market?
The COVID-19 pandemic has had a significant impact on the Saudi Arabia apparel market, causing disruptions and changes in consumer behaviour. The apparel market experienced a decline in sales during the pandemic due to various factors. Lockdown measures, reduced social gatherings, and remote working policies resulted in a decreased demand for formal and occasion wear. Consumer spending on non-essential items, including clothing, also decreased as individuals focused on essential goods and prioritized savings.
The pandemic accelerated the adoption of e-commerce in Saudi Arabia, including online apparel shopping. With physical stores temporarily closed or operating with limited capacity, consumers turned to online platforms to purchase clothing items. This shift has led to increased competition among online retailers and the need for traditional retailers to enhance their digital presence. Global supply chain disruptions caused by lockdowns and restrictions impacted the availability and delivery of apparel products in Saudi Arabia. Factory closures, transportation constraints, and delays in raw material sourcing resulted in inventory shortages and production delays. Retailers had to manage their supply chains effectively and find alternative sourcing options to mitigate these disruptions.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Category
|
| Regions covered | Eastern Desert , Nile Valley and Nile Delta, Sinai Peninsula, Western Desert
|
| Companies Covered | Adidas, AlShiaka, H&M, Levi's, Max, Nike, Puma, Splash, Tommy Hilfiger, Zara, Others.
|
Key Target Audience:
- Women
- Men
- Working Professionals
- Fashion-Conscious Consumers
- Others
Saudi Arabia Apparel Market Segmentation:
1. By Category:
- Saudi Arabia Apparel Market Value Share and Forecast, By Category, 2023-2033
- Clothing
- Footwears
- Accessories
2. By Region:
- Eastern Region
- Northern Region
- Southern Region
- Western Region
Key Topics Covered in the Report:
- Saudi Arabia Apparel Market Size (FY’2023-FY’2033)
- Overview of Saudi Arabia Apparel Market
- Segmentation of Saudi Arabia Apparel Market By Category (Clothing, Footwears, Accessories)
- Statistical Snap of Saudi Arabia Apparel Market
- Growth Analysis of Saudi Arabia Apparel Market
- Problems and Challenges in Saudi Arabia Apparel Market
- Competitive Landscape in the Saudi Arabia Apparel Market
- Impact of COVID-19 and Demonetization on Saudi Arabia Apparel Market
- Details on Recent Investment in Saudi Arabia Apparel Market
- Competitive Analysis of Saudi Arabia Apparel Market
- Key Players in the Saudi Arabia Apparel Market
- SWOT Analysis of Saudi Arabia Apparel Market
- Saudi Arabia Apparel Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Saudi Arabia Apparel Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Saudi Arabia Apparel Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Saudi Arabia Apparel Market
7. Saudi Arabia Apparel Market, By Category (USD Million)
7.1. Saudi Arabia Apparel Market Value Share and Forecast, By Category, 2023-2033
7.2. Clothing
7.2.1. Childrenswear
7.2.2. Menswear
7.2.3. Womenswear
7.3. Footwears
7.3.1. Children’s Footwear
7.3.2. Men’s Footwear
7.3.3. Women’s Footwear
7.4. Accessories
8. Saudi Arabia Apparel Market Forecast, 2019-2033 (USD Million)
8.1. Saudi Arabia Apparel Market Size and Market Share
9. Saudi Arabia Apparel Market, By Category, 2019-2033 (USD Million)
9.1. Saudi Arabia Apparel Market Size and Market Share By Category (2019-2026)
9.2. Saudi Arabia Apparel Market Size and Market Share By Category (2027-2033)
10. Saudi Arabia Apparel Market, By Region, 2019-2033 (USD Million)
10.1. Saudi Arabia Apparel Market Size and Market Share by Region (2019-2026)
10.2. Saudi Arabia Apparel Market Size and Market Share by Region (2027-2033)
10.3. Eastern Region
10.4. Northern Region
10.5. Southern Region
10.6. Western Region
11. Company Profile
11.1. Adidas
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. AlShiaka
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. H&M
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4. Levi's
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5. Max
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6. Nike
11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments
11.7. Puma
11.7.1. Company details
11.7.2. Financial outlook
11.7.3. Product summary
11.7.4. Recent developments
11.8. Splash
11.8.1. Company details
11.8.2. Financial outlook
11.8.3. Product summary
11.8.4. Recent developments
11.9. Tommy Hilfiger
11.9.1. Company details
11.9.2. Financial outlook
11.9.3. Product summary
11.9.4. Recent developments
11.10. Zara
11.10.1. Company details
11.10.2. Financial outlook
11.10.3. Product summary
11.10.4. Recent developments
11.11. Others
12. List of Abbreviations
13. Reference Links
14. Conclusion
15. Research Scope