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Saudi Arabia E-Commerce Market Set for Rapid Growth, Estimated to Reach USD 29 billion by 2030 at 12% CAGR: MarkNtel Advisors

ReportTok - Daily news and Magazines March 19, 2025

Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Saudi Arabia New Energy Vehicle Market, 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. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight & sustainable materials, rising demand for luxury & customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Saudi Arabia New Energy Vehicle Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook & Forecasts:

  • Forecast Period: 2025-2030
  • Market Size in 2024: USD 15 billion
  • CAGR (2025-2030): 12%

Request for a Free PDF Sample of the Report – https://www.marknteladvisors.com/query/request-sample/saudi-arabia-e-commerce-market.html

Saudi Arabia E-Commerce Market Segmentation Breakdown:

The Saudi Arabia New Energy Vehicle 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

In 2024, the card payment segment holds more than 45% share in the Saudi Arabia E-Commerce Market.

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

In 2024, the App-Based browsing method holds the largest share of more than 65% in the e-commerce market of Saudi Arabia.

By Transaction

  • Business-to-Business - Market Size & Forecast 2020-2030F, USD Million
  • Business-to-Consumer - Market Size & Forecast 2020-2030F, USD Million

Geographical Growth Insights:

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

MarkNtel Advisors Highlights Key Market Drivers for Saudi Arabia E-Commerce Market:

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.

A Comprehensive Analysis of Leading Companies in Saudi Arabia E-Commerce Market

  • Amazon (Saudi Arabia)
  • Noon
  • Ali Express
  • Jahez (BookStore & Food)
  • Hungerstation
  • Shein (Saudi Arabia)
  • Careem
  • Extra
  • Jazp
  • Trendyol
  • Temu
  • Others

Explore More About This Research Report @ https://www.marknteladvisors.com/research-library/saudi-arabia-e-commerce-market.html

Saudi Arabia E-Commerce Market 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.

What are the growth Opportunity driving the Saudi Arabia E-Commerce Market?

Growing Food & Grocery Delivery Market to Offer Growth Opportunities – The food delivery category of the broader E-commerce segment is witnessing rapid growth in Saudi Arabia. The two prominent players operating in the category, Hungerstation and Jahez, hold over 67% of the market share and have seen a rapid rise in their gross merchandise volume (GMV). For instance, Jahez has reported a 31% YOY rise in its GMV in the first half of 2024, with the total orders surging to over 50 million.

Apart from this, the entry of other players, such as Keeta and Ninja, will transform the Saudi food delivery market. While Keeta wants to drive its growth through massive discount-driven offers, Ninja has already expanded to over 15 cities in Saudi Arabia, with more than 5,000 restaurants on board in the first half of 2024. Moreover, the leading grocery delivery startup Nana has entered into a strategic partnership with The Chefz for further expansion in the market. The rapidly changing market dynamics involve the entry of new players and increasing partnerships between existing players, which would further expand the food and grocery delivery market. These developments would result in the overall growth of the e-commerce market of Saudi Arabia.

“Report Delivery Format: Market research reports from MarkNtel Advisors are available in PDF, Excel, and PowerPoint formats. Once payment is successfully processed, the report will be delivered to your email address within 24 hours”

Note: If you need additional information not included in the report, we can customize it to suit your requirements.

Contact Our Analysts for Brochure Requests, Customization, or Any Pre-Purchase Inquiries: https://www.marknteladvisors.com/query/request-customization/saudi-arabia-e-commerce-market.html

About Us –

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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Company Name: MarkNtel Advisors

Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India

Email: sales@marknteladvisors.com

Website: www.marknteladvisors.com/

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