Saudi Arabia Luxury Goods Market Size & Outlook, 2025-2033

Saudi Arabia Luxury Goods Market Insights

Deep Market Insights analysis indicates that the Saudi Arabia Luxury Goods Market size, valued at USD 6.55 Billion in 2024, is expected to expand to USD 12.24 Billion by 2033.
The Saudi Arabia market is forecasted to expand at a CAGR of 7.34% spanning 2025–2033.
Leather Goods held the leading position among Category segments in 2024, based on market size.
Accessories is projected to post the fastest growth rate, sustaining its position as the most attractive Category segment during the forecast horizon.

In 2024, Saudi Arabia accounted for 1.67% of the global Luxury Goods Market size.
By 2033, United States is expected to lead the global Luxury Goods Market in terms of market size.
Within Middle East and Africa, United Arab Emirates is projected to dominate the regional Luxury Goods Market size by 2033.
United Arab Emirates is identified as the fastest-growing market in Middle East and Africa, anticipated to reach USD 31.62 Billion by 2033.

Report Scope	Details
Base Year for Study	2024
Study Period	2021-2033
Historical Period	2021-2023
Forecast Period	2025-2033
Market Size In 2024	USD 6.55 Billion
Market Size In 2033	USD 12.24 Billion
Largest segment	Leather Goods
Units	Revenue in USD Billion
CAGR	7.34% (2025-2033)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends