UAE Luxury Market Size 2022: Industry Analysis, Share, Trends, Segmentation, Growth and Forecast 2027 | Syndicated Analytics

"UAE Luxury Market Report: Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027" provides a deep and thorough evaluation of the UAE luxury market based on its segments including type, end use and region. The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter's Five Forces models.

Report Metrics

Historical Year: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027

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Luxury goods, also called premium goods, refer to high-end items. These lifestyle goods are not essential for a living but are pleasant to possess. Luxury goods differ from necessity goods owing to their properties, such as rarity, symbolism, and quality. Some of the commonly available luxury goods in the market include watches, cars, bags, jewelry, fragrances, etc. Luxury buying is an important trend in the UAE, particularly within the Emirati society, as owning these products is viewed as a part of the consumers' personality, social image, and position.

Note: Our analysts are continuously monitoring the influence of the COVID-19 pandemic on the market. This insightful information is included in the report to improve the efficiency, resilience and overall performance of businesses.

UAE Luxury Industry Trends and Drivers:

The rising consumer living standards and the increasing disposable incomes are primarily driving the UAE luxury market. Besides this, several favorable initiatives undertaken by the government bodies for investing in ongoing renovations and intrastromal projects to strengthen economic cities, foster internal trade, and attract foreign direct investments (FDI) are also augmenting the regional market. Furthermore, the emerging popularity of brand stores in malls and shopping areas, along with the wide availability of luxury goods on online retail platforms, is stimulating the market growth. Apart from this, the growing emphasis of numerous brands on extending their luxury product portfolio, improving operations, and catering to the middle class and the middle-upper class population is acting as another significant growth-inducing factor. Moreover, the rising levels of urbanization and the availability of international luxury brands are positively impacting the global market. In addition to this, several key players are engaging in various marketing strategies, such as celebrity endorsements through numerous social media platforms. This, in turn, is anticipated to fuel the UAE luxury market over the forecasted period.

Browse complete report with tables of contents and list of figures & tables: https://www.syndicatedanalytics.com/uae-luxury-market

UAE Luxury Market Segmentation:

The market is segmented in on the basis of type, end use and region.

Type
End use

Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Competitive Landscape:

The report also provides insights on the competitive landscape of the UAE luxury industry with the leading players profiled in the report.

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