UAE Luxury Goods Market Demand Analysis To 2025 Lead By- Rolex SA, Prada Group, Burberry Group PLC, Estee Lauder Inc

The UAE Luxury Goods market is a comprehensive market research report which provides market analysis with a historical & futuristic perspective for the following parameters; market size, revenue, demand, and supply data (as applicable). The report offers a detailed market analysis to provide a 360-degree research study on the global UAE Luxury Goods market. Some of the tools used for this are SWOT, PESTEL, and Porter's 5-forces analysis frameworks. The report includes detailed information on the key trends, market drivers, challenges, regulatory landscape, deployment models, opportunities, future roadmaps, value chains, player profiles, and strategies. The impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for UAE Luxury Goods from 2021 till 2026.

The UAE Luxury goods market is growing significantly on the back drop of heavy reliance on oil and hydrocarbon revenues. Many countries see this as a key long term entry market. UAE remains the most important destination for luxury tourism making it unique in the region as a key market for luxury retail.

- Increasing in the number of wealthy and super rich UAE population who are willing to spend millions on the lavish items.

- Booming travel and tourism sector driving the market extensively.

- Increase in the brand omni channel strategies

- Emergence of the 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.

Top leading Manufacturers Profiled in UAE Luxury Goods Market Report are: Rolex SA, Prada Group, Burberry Group PLC, Estee Lauder Inc., LVMH Group, Coty Inc., Chanel S.A.

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Regional Analysis for UAE Luxury Goods Market:

For a comprehensive understanding of market dynamics, the global UAE Luxury Goods market is analyzed across key geographies namely the United States, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.

Ecommerce sales picking up pace in the sector compared to offline sales

UAE online retail market is emerging fast and is drawing huge attention of investors across the globe. UAE poses the highest internet penetration rates in the world at present along with two other countries Bahrain and Qatar. In the recent times, consumers are mostly researching online before making a purchase, and with a larger number of young smartphone users joining the customer base, it is just a matter of time before pre-purchase online research gets converted into actual online transaction. Within the entire GCC region, UAE has the highest percentage of internet users who actually transact online (46%), followed by Kuwait (35%) and the KSA (25%). The GCC online retail channel for luxury goods has gained momentum with the emergence of quite a few online players that have registered stronger growth. Souq.com is one of the most prominent online retailers in the MENA region. Awok.com is another UAE-based online retailer which had witnessed a 500% Y-o-Y increase in its revenues in April 2015. While there was some low base effect (as this was only the second year of its operations), a revenue growth rate of 500% clearly shows that online retailing is catching up in the GCC region.

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What is the Impact of Covid-19 Outbreak on the UAE Luxury Goods?

- Optimistic Scenario: COVID-19 is contained by May or June, With Normalcy returning to global operations through the End of Q2.
- Conservative Scenario: COVID-19 Remains Prevalent, with Continued Impacts Lasting into Q4.
- Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Global UAE Luxury Goods.
- UAE Luxury Goods Market Size in 2021
- Corporate Strategy the Manufacturers Should Be Thinking About Right Now.

Frequently Asked Questions about the UAE Luxury Goods market:

- What are the recent developments and government policies?
- What are the top trends in the UAE Luxury Goods market?
- What is the growth rate of the market?
- Which Is the Most potential market segment?
- Which are the top industry players in the UAE Luxury Goods market?
- Which region would offer high growth for vendors in the market?

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The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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