Middle East & Africa Luxury Fabric Market Size & Outlook
Middle East & Africa luxury fabric market, 2018-2030 (US$M)
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MEA luxury fabric market highlights
- The MEA luxury fabric market generated a revenue of USD 300.4 million in 2023.
- The market is expected to grow at a CAGR of 14.1% from 2024 to 2030.
- In terms of segment, interior was the largest revenue generating type in 2023.
- Exterior is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 300.4 million |
| Market revenue in 2030 | USD 755.3 million |
| Growth rate | 14.1% (CAGR from 2023 to 2030) |
| Largest segment | Interior |
| Fastest growing segment | Exterior |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Interior, Exterior |
| Key market players worldwide | Sanderson Design Group PLC Ordinary Shares, Castellum AB, Lvmh Moet Hennessy Louis Vuitton SE, Ermenegildo Zegna NV, Jim Thompson Fabrics, Pierre Frey, The Romo Group, Kravet, Perennials and Sutherland, De Le Cuona |
Other key industry trends
- In terms of revenue, MEA region accounted for 7.9% of the global luxury fabric market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,236.7 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Luxury Fabric Market Scope
Luxury Fabric Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa luxury fabric market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to luxury fabric market will help companies and investors design strategic landscapes.
Interior was the largest segment with a revenue share of 66.38% in 2023. Horizon Databook has segmented the Middle East & Africa luxury fabric market based on interior, exterior covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East, particularly Saudi Arabia and the UAE, is emerging as a significant frontier for the luxury fabric market. Saudi Arabia, with its ambitious Vision 2030 project, is working on modernizing and diversifying its income sources, with a focus on luxury tourism.
This is projected to drive expenditure on luxury fabrics by various sectors. Some of the Middle Eastern countries witnessing growth in interior design trends are the UAE, Qatar, Saudi Arabia, Kuwait, Oman, Bahrain, Lebanon, Egypt, and Jordan. In August 2023, Sedar Global, a leading interior label, introduced an in-store upholstery service in response to strong customer demand in the UAE.
The service, available in all Sedar Global UAE stores and via pre-booked home consultations, aims to meet the needs of environmentally conscious consumers by offering sustainable upholstery choices. The curated fabric selection includes boucle and velvet, along with various upholstery fabrics that are durable, dust-resistant, and eco-friendly.
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Target buyers of Middle East & Africa luxury fabric market databook
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Our clientele includes a mix of luxury fabric market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa luxury fabric market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa luxury fabric market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA luxury fabric market size, by country, 2018-2030 (US$M)
Middle East & Africa Luxury Fabric Market Outlook Share, 2023 & 2030 (US$M)
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