Saudi Arabia E-Commerce Market Overview and Insights:
According to Markntel Advisors Report, 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.
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Industry Growth 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.
What is Included in Saudi Arabia E-Commerce Market Segmentation?
The report has segmented the market into the following categories:
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
In 2024, the card payment segment holds more than 45% share in the Saudi Arabia E-Commerce Market. This is largely because digital payments, which are rapidly growing in Saudi Arabia, are in the nascent stage, and card payments already hold a prominent position as a payment mode in the country. For instance, Paymentwall, a global payment provider, highlighted that over 64% of online transactions in Saudi Arabia are done through debit cards. This is because card payments are more convenient compared to cash. While making payments as customers, they don’t have to carry large sums of cash with them.
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
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Who are the Key Players Operating in the Saudi Arabia E-Commerce Industry?
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
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FAQs (Frequently Ask Questions)
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- Which geographical area dominates the Saudi Arabia E-Commerce industry?
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