Saudi Arabia E-Commerce Market Report 2025–2030: Size, Share, Trends & Forecast
Saudi Arabia E-Commerce Market Overview: 2025-2030
Base Year: 2024
Historical Years: 2020-23
Forecast Years: 2025-2030
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.
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Saudi Arabia E-Commerce Market Dynamics: 2025-2030
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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Saudi Arabia E-Commerce Market (2025-30):
Segmentation Outlook
The market
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
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
By Region
-Central Saudi
Arabia
-Northern Border
Province
-Southern Saudi
Arabia
-Eastern Saudi
Arabia.
Note - If there are any particular
details you need that are not currently included in the report, we will be
happy to provide them as part of our customization
services.
Top Companies Operating in the Saudi
Arabia E-Commerce Market:
Amazon (Saudi
Arabia), Noon, Ali Express, Jahez (Bookstore & Food), Hungerstation, Shein
(Saudi Arabia), Careem, Extra, Jazp, Trendyol, Temu, and Others.
Industry
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.
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