According to Markntel Advisors Report, Saudi Arabia E-Commerce Market is expected to grow at a significant growth rate, and the analysis period is 2025-2030, considering the base year as 2024.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

E-commerce is an online digital marketplace where buyers and sellers communicate through platforms to more effectively trade a variety of goods, including apparel and fashion, consumer electronics, and more.

 

Saudi Arabia E-Commerce Market Research Report & Summary:

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.                  

Time Period Captured in the Report:

• Historical Years: 2020-2023
• Base Years: 2024
• Forecast Years: 2025-2030

Who are the Key Players Operating in the Saudi Arabia E-Commerce Market?

The top companies of the Saudi Arabia E-Commerce Market ruling the industry are: 

Amazon (Saudi Arabia), Noon, Ali Express, Jahez (Bookstore & Food), Hungerstation, Shein (Saudi Arabia), Careem, Extra, Jazp, Trendyol, Temu, and Others

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What is included in Saudi Arabia E-Commerce Market Segmentation?

The Saudi Arabia E-Commerce Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

• 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
• 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
• By Transaction
  • Business-to-Business – Market Size & Forecast 2020-2030F, USD Million
  • Business-to-Consumer – Market Size & Forecast 2020-2030F, USD Million
• By Region
  • 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

Explore the Complete Saudi Arabia E-Commerce Market Analysis Report – https://www.marknteladvisors.com/research-library/saudi-arabia-e-commerce-market.html

Saudi Arabia E-Commerce Market Driver:

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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