Favorable government policies and rise in infrastructural development to drive Saudi Arabia Landscaping market through 2027
According to TechSci Research report, “Saudi Arabia Landscaping Market – By Region, Competition Forecast & Opportunities, 2027”, the Saudi Arabia landscaping market was valued at USD1537.35 million in 2021 and is predicted to grow at CAGR of 7.95% to reach USD2364.65 million by 2027. Growth in the market can be attributed to an increased focus on reducing reliance on oil revenue and transforming the country’s socio-economic landscape to attract more visitors. Furthermore, real estate development activities, a growing focus on green building, innovative city development, and technology integration directly impact the demand for landscaping services in the country.
The increasing demand for residential outdoor landscaping from younger families throughout the nation represents a key transition that has shaped the modern landscaping business. The growing demand for gardens in residential constructions primarily contributes to the expansion of the market. Also, most people tend to pay additional amounts for a residential space or an apartment with a gardening area. Hence, to enhance the visual attractiveness of residential premises, landscaping services are in high demand.
The expansion of the housing market in Saudi Arabia is expected to have a significant influence on the landscaping industry in 2022. The Saudi Arabian housing market has seen a boom in recent years, with 16-year highs for house sales nationwide. Younger homebuyers put a greater emphasis on landscaping and yard upkeep. With several Millennials in the prime demographic for purchasing their first home, landscapers have enough chance to market their services and establish long-lasting connections with first-time homeowners. Thus, the growing housing market is expected to leave a positive impact on the Saudi Arabia Landscaping Market.
Browse over 32 market data Figures spread through 211 Pages and an in-depth TOC on “Saudi Arabia Landscaping Market“
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The Saudi Arabia Landscaping market is segmented into type, service type, customer segment, sectors, andregion. Based on type, the market is segmented Installation and Maintenance. Saudi Arabia Installation Landscaping Market stood at USD930.43 million in 2021 and is expected to reach USD1461.59 million by 2027, growing at a CAGR of 8.32% in the forecast period. The growing infrastructure projects such as Neon, Amaala, Red Sea Project, and Qiddiya have opened up huge opportunities for landscaping services in the country. The installation of landscaping offers several benefits like grass and trees, which provide cooler temperatures, improvement in quality of life, economic benefits, and so on.
Based on customer segment, the Saudi Arabia Landscaping Market is segmented into commercial, residential, industrial, public sector. The commercial segment in the Saudi Arabia Landscaping Market is expected to grow at CAGR of 7.63%, in value terms, during 2022E-2027F, on account of large-scale development of commercial real estate projects. This increase is expected to be driven by the rising demand for landscaping services from hotels, retail outlets, malls in the country, particularly in Riyadh, Jeddah, Dammam and Makkah Taif. The government of Saudi Arabia proposed a USD425 billion infrastructure plan in January 2019 as part of Saudi Vision 2030. This is intended to promote infrastructure development, which has increased the demand for landscaping services.
Major market players operating in Saudi Arabia Landscaping market are:
- Initial Saudi Arabia Ltd.
- Bastana International Company Ltd.
- Al Jaber Landscape
- Rabya Landscaping
- Planting Technology Est. For Landscaping & Irrigation (Plantira Landscape Management)
- Rabiah Garden Trading & Contracting Co.
- Haif Bin Mohammed Bin Abboud Al Qahtani & Partners for Trading & Contracting Company
- Saudi Landscape Co.
- Construction & Planning Co. Ltd. (C&P)
- Rawaj Alitqan
- Trap Landscaping
- Badan Agricultural & Contracting Co. Ltd.
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“Riyadh dominates the Saudi Arabia Landscaping Market, with a market share of 35.93% in the year 2021, owing to growing investments in the commercial and housing sector. This growth can also be attributed to the improvement in tourism activities and development in the hotel industry, which is creating ample demand for landscaping services. Additionally, upcoming mega projects such as Diriyah Gate, Qiddiya, etc., are expected to be completed in the upcoming period and are poised to augment the demand for landscaping services in this region.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Saudi Arabia Landscaping Market By Type (Installation, Maintenance), By Service Type (Hardscape {Decks, Patios & Driveways, Cycling Tracks & Walkways, Fountains & Aesthetic Sculptures, Others}, Softscape {Plantation & Gardening, Architectural Services, Watering & Fertilizing, Others}), By Customer Segment (Commercial, Residential, Public Sector, Industrial), By Sectors (Housing, Hospitality, Office, Healthcare, Institutional, Retail, Others), By Region, Competition, Forecast & Opportunities, 2017-2027”, has evaluated the future growth potential of Saudi Arabia Landscaping market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia Landscaping market.
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