DUBLIN, September 21, 2021--(BUSINESS WIRE)--The "UAE Luxury Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The UAE luxury market exhibited strong growth during 2015-2020. Looking forward, the market to grow at a CAGR of 8.5% during 2021-2026.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Luxury goods, also known as upmarket goods, refer to those products which are costlier and are often bought by individuals that have a higher disposable income. These goods largely depend on marketing and promotions in order to communicate brand values. Currently, UAE represents one of the most attractive markets for luxury goods amongst the Middle Eastern countries.
The growth of the UAE luxury market can be highly accredited to the fact that there is a notable population of wealthy and ultra-rich consumers in the region who are willing to spend millions for lavish items. The wealthy residents of the country spend billions of dirhams to purchase posh designer clothes, shoes, cars, etc.
Apart from this, the booming travel and tourism industry has helped UAE to become the largest shopping destination in the Middle Eastern region. This remains another force which is further broadening the growth prospects for luxury goods in the region.
Moreover, the emergence of e-commerce has provided an easy access to product-related information and prices online at any given point of time. This has further contributed towards the overall growth of the UAE luxury market. However, global economic uncertainty, unstable oil prices and political unrest in the region represent some of the major challenges that may hamper the market growth.
Key Questions Answered in This Report:
How has the UAE luxury market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the UAE luxury market?
What is the breakup of the UAE luxury market on the basis of type?
What is the breakup of the UAE luxury market on the basis of gender?
What is the breakup of the UAE luxury market on the basis of distribution channels?
What is the value chain of the UAE luxury industry?
What are the key driving factors and challenges in the UAE luxury industry?
What is the competitive structure of the UAE luxury industry and who are the key players?
What is the degree of competition in the UAE luxury industry?
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
4.2 Key Industry Trends
5 UAE Luxury Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Type
5.5 Market Breakup by Gender
5.6 Market Breakup by Distribution Channel
5.7 Market Forecast
5.8 SWOT Analysis
5.9 Value Chain Analysis
5.9.2 Research and Development
5.10 Porters Five Forces Analysis
5.11 Key Success and Risk Factors
6 Market Performance by Type
6.1 Travel and Hotel
6.3 Personal Luxury Goods
6.4 Food and Drinks
7 Market Performance by Gender
8 Market Performance by Distribution Channel
8.1 Monobrand Stores
8.2 Multibrand Stores
8.3 Online Stores
9 Competitive Landscape
9.1 Market Structure
9.2 Key Players
9.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/9zvrgq
View source version on businesswire.com: https://www.businesswire.com/news/home/20210921005951/en/
Laura Wood, Senior Press Manager
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