GCC Event Fit-out Market is segmented By Application (Healthcare, Leisure, Resorts, Restaurants, Offices, Retail), Region (Saudi Arabia, Kuwait, UAE, Qatar, Oman, and Bahrain) and GCC Event Fit-out market companies (A&T Group Interiors, Decolab Group, S&T Interiors and Contracting, Hennessey LLC, Summertown, Horton Tech Interiors, Bond Interiors LLC, Plafond Fit-out LLC, Al Tayer Stocks LLC, and Xworks Interiors Llc)
GCC Event Fit-out Market Definition
Event fit-out generally deals with interior designing of temporary working spaces such as occasional events, meetings and conferences, exhibitions, and several award functions. This market has delivered exceptional quality services to the hospitality sector, media centers, event operations, and merchandise outlets. The emerging event fit-out companies are supporting the contractors to complete the projects without failing in timeline boundaries. Equinox is one such company collaborating with event fit-out companies to strengthen the GCC event fit-out market revenue in upcoming years. Further, the higher adoption of digital solutions by the event fit-out companies has promoted this market by reaching the maximum population. A significant increase in other events such as aviation industry awards, the architecture of the year awards, educational event award recognition, and facility management awards have created ample opportunities for the GCC event fit-out market to grow at a fast pace during the forecast period. Further, increasing demand for smart and attractive fit-out workspaces in the retail sector to optimize customers’ experience is anticipated to boost the GCC event fit-out market sales during 2022–2032.
GCC Event Fit-out Market has successfully attracted a large number of SMEs through various events and exhibitions
GCC countries spend comparatively more on event fit-out projects than construction projects. As a result, the GCC event fit-out market will expand significantly during the forecast period, thanks to an increase in the number of people investing in temporary interior places. In response to the UAEs rising investment in EXPO 2020 Dubai, the number of visitors increased by 26 million, which in turn contributed to an increase in the GCC event fit-out market revenue. This trend continued until the EXPO closed in April 2021. Due to the immense popularity of this event, Dubai has now become the most visited city in the Middle East, creating ample opportunities for the GCC event fit-out market to grow substantially. In addition, INDEX, which is the largest tradeshow dedicated to furnishings, furniture, decorative products, fittings, and materials, has grown tremendously. These popular exhibitions of Dubai helped more than 40,000 visitors utilize innovative and modern products. This attracted people to invest in the GCC event fit-out market. For instance, the world Reno event has expanded to Saudi Arabia and Qatar. The tourism and hospitality industrys efforts by launching various projects are anticipated to boost the GCC event fit-out market revenue during the forecast period. However, budget and space constraints may limit the markets growth. In light of mega-events such as the FIFA World Cup 2020, announced by the GCC government, contractors and developers are focused on redeveloping existing projects. The event director at INDEX, Samantha Kane-Macdonald stated, “The trend of dynamic and temporary interior design is growing across the country.”
As the commercial advertising industry has expanded over the last few years, temporary setups have become urgent. Consequently, GCC event fit-out companies are highly active and strive to provide the best professional and premium quality interior designs for a variety of setups. The retail sector also prefers the premium and impactful ambiance to the typical dining and shopping ambiance. The sudden increase in retail projects is anticipated to increase the GCC event fit-out market from 2022-2032. Several shopping malls use new marketing strategies to attract customers at different locations. By creating occasional ambiance with the help of even fit-out contractors, they hope to create a lasting impression on customers and thus expand their business. Increased investment by GCC countries in sports events, entertainment events, corporate events, product launch events, nightlife events, and others have been a major driver of the overall GCC even fit-out market revenue. The number of clients requesting premium events has grown dramatically over the last few years. In a variety of sectors, including media centers, hospitality, merchandise outlets, and others, there is a significant demand for event fit-out services.
GCC Event Fit-out Market dominated the hotel segment owing to the increasing demand of creating classic shopping and dining vibe for the customers.
The GCC event fit-out market finds significant application in various sectors, such as hospitals, shopping centers, commercial buildings, and hotels. An estimated 12,000 million dollars will be generated by the hotel sector in 2021. According to the forecast, this sector is anticipated to grow the fastest due to the growing need for premium dining services. Commercial buildings acquired the largest area in GCC countries to create open spaces for temporary interior design spaces such as exhibitions, conferences, and several other events. Further, shopping centers generated a significant revenue of $6000 million during 2021. KSA has successfully undertaken several projects to upgrade old buildings to transform them into temporary event space. Thus, tremendous growth has been seen in the commercial building segment by the KSA even fit-out market. However, other sectors such as occasional event managing areas hampered the overall market growth during the last few years owing to the pandemic circumstances. The complete lockdown has created circumstances to cancel major events across the world and hence GCC event fit-out market revenue was affected severely. Moreover, with the government guidelines, the GCC event fit-out market will manage to grow at a significant pace during the forecast period.
GCC Countries’ governments planned to invest in multiple sectors which supported event Fit-out of the region.
Geographically, the UAE GCC event fit-out market is increasing the competition for other markets owing to its largest contribution in organizing the exhibitions to attract several visitors in the event fit-out market. Innovative architecture and stability system in the military of UAE fit-out market is attracting a great consumer base, which is transforming event fit-out market trend. For example, Dubai attracted a large population owing to its spectacular architecture and a major exhibition named INDEX in 2021. Qatar’s government is anticipated to increase its investment in exhibitions and events for the improvement in the economic conditions of the country. Qatar is the third-highest shareholder of the GCC event fit-out market with a share of 20% of the overall market revenue generated in 2021. However, Bahrain and Oman governments are anticipated to distribute to make better investment plans to reduce the gap between lower and upper-income populations to support its event fit-out market during the forecast period. Moreover, the Kuwait event fit-out market experienced significant growth of 55% at a fast speed during 2020–2021. KSA event fit-out market expanded its market significantly owing to the increased investment in the healthcare and hospitality sector.
GCC Event Fit-out Market companies are participating actively in the GCC country’s mega-events.
The top leading companies investing significantly in the GCC fit-out market are A&T Group Interiors, Decolab Group, S&T Interiors and Contracting, Hennessey LLC, Summertown, Horton Tech Interiors, Bond Interiors LLC, Plafond Fit-out LLC, Al Tayer Stocks LLC, and Xworks Interiors Llc. These companies played a vital role in supporting the GCC event fit-out market by participating actively in hosting various events, especially in the UAE region such as EXPO 2020 and INDEX. Top leading event fit-out companies contributed diligently in INDEX are Belair, Bloomr, Creative Closets, Caimi Brevetti, CUF Milan, Gie El, Le JAHAAN, Quadrifoglio Sistemi D’Arredo, Indus Heritage Trust, Ceramiche Refin, Vg – Vgnewtrend – Jupiter International S.R.L., Seteria Bianchi, VZOR, Lunares, and Meissen. Further, Coach interiors, a well-known event fit-out company of UAE entered the new year with a blast of projects and a fresh take on design. This company works diligently to satisfy clients’ needs encompassing all the disciplines including time and budget constraints. This company collaborated with several other brands to expand its business across several countries. Further, this company has adopted several digital solutions to communicate with client more effectively. The presence of competitive event fit-out companies in GCC countries is another major factor strengthening the growth of GCC in the event fit-out market.
Years considered for this report
• Historical Years: 2018-2020
• Base Year: 2021
• Forecast Period: 2022-2032
GCC Event Fit-out Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2032)
• Data breakdown for every market segment (2022 – 2032)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Application Analysis (Revenue, USD Million, 2022 - 2032)
• shopping malls
• Event managers
• Corporate Parks
By region (Revenue, USD Million, 2022 - 2032):
• Saudi Arabia
GCC Event Fit-out market companies:
• A&T Group Interiors
• Decolab Group
• S&T Interiors and Contracting
• Hennessey LLC
• Horton Tech Interiors
• Bond Interiors LLC
• Plafond Fit-Out LLC
• Al Tayer Stocks LLC
• Xworks Interiors LLC
Available Versions of GCC Event Fit-out Market: -
Qatar Industry Research Report
Oman Industry Research Report
Kuwait Industry Research Report
Bahrain Industry Research Report
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