Global product modeling market hits 86.66B Riyals
The General Authority for Small and Medium Enterprises (SMEA), "Monshaat," issued a report on the global product modeling market, which was valued at 86.66 billion Riyals in 2025 and is expected to reach 165.7 billion Riyals by 2031, with an annual growth rate of approximately 11.41%. Locally, the 3D printing market reached 1.20 billion Riyals in 2025, with projections to grow to 6.47 billion Riyals by 2034 at an annual growth rate of 20.52%. The data also showed that the revenues of companies incubated at the Innovation Center exceeded 300 million Riyals, with 263 prototypes developed, and more than 8,000 entrepreneurs benefiting from the programs and services. This reflects the role of initial modeling in accelerating innovation and product development.
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