$22.2 Bn Saudi Arabia Luxury Market to 2024 Featuring Types Cars Women's Dre'Mont Jones Jersey , Personal Luxury Goods, Food and Drinks by stuart9017 · June 18, 2019
The Saudi Arabia luxury market has witnessed strong growth over the past several years. The high per capita income, along with rising tourist inflow and increasing investments in retail infrastructure projects, is giving an impetus to the market growth.
According to the latest report by IMARC Group, titled 鈥淪audi Arabia Luxury Market: Industry Trends Women's Drew Lock Jersey , Share, Size, Growth, Opportunity and Forecast 2019-2024鈥? the聽luxury market in Saudi Arabia聽reached a value of US$ 14.5 Billion in 2018.聽Saudi Arabia is one of the richest Arab countries as well as the fastest growing economies in the world. On account of the sustained economic growth and high per capita income, the country has witnessed an increase in spending on luxury products and services such as fragrances, cars Women's Dalton Risner Jersey , watches, leather items, hotels, etc. Moreover, the Kingdom is investing in economic diversification and has identified retail as a key channel for growth. It is supporting the expansion of the retail industry by encouraging public investments in retail infrastructure projects. Apart from this, the booming tourism industry has also created vast opportunities for both the luxury hospitality and retail sectors.
Request Copy Sample Report:聽
Market Trends:
Saudi Arabia has emerged as one of the largest luxury goods market in the GCC region owing to rapid digital transformation Women's Noah Fant Jersey , varying economic trends, and evolving consumer preferences and tastes. The country鈥檚 young population has one of the highest disposable incomes in the world which has created a high demand for luxury goods across the country. Further, global luxury brands such as Tiffany, Mulberry and Prada are increasing their presence in Saudi Arabia by establishing mono-brand stores as well as adapting to regional demands and trends. The establishment of upscale malls has also provided these brands ample space to expand their operations in the country. Moreover, internet penetration, influence of social media and the trend of online shopping have positively impacted the luxury market in Saudi Arabia as shoppers can now access global brands through online platforms. Looking forward Women's Royce Freeman Jersey , the market is projected to reach a value of US$ 22.2 Billion by 2024, exhibiting a CAGR of 7% during 2019-2024.
Market Summary:
Based on categories, travel and hotels represent the leading category, holding the largest market share. Travel and hotels are followed by cars, personal luxury goods, and food and drinks. On the basis of gender Women's Courtland Sutton Jersey , the luxury market in Saudi Arabia has been segmented into males and females. Males currently dominate the market, accounting for the majority of the overall market share. Based on distribution channels, the Saudi Arabia luxury market has been segregated into mono-brand stores, multi-brand stores, online stores and others. The competitive landscape of the Saudi Arabia luxury market has also been examined with the profiles of the leading key players operating in the market.
Browse Full Report with TOC & List of Figure:聽 > About Us
IMARC聽Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges Women's Bradley Chubb Jersey , and transform their businesses.
IMARC鈥檚 information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials Women's Phillip Lindsay Jersey , pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company鈥檚 expertise.
Contact US
IMARC Group Email:聽Sales@ Tel No:(D) +91 120 433 0800 |聽 Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 Linkedin:聽
Watch Survivor: South Pacific Season 23 Episode 4 by LIVE STREAMING now! Not anything really matters but this link presented for you!
Watch Survivor: South Pacific Season 23 Episode 4 now! This is an exciting arrival for all of us that will definitely give us sincere want . I also know that you have been waiting for this. If you are too eager for Survivor: South Pacific Season 23 Episode 4, then you don’t have to anxious. Well, don’t make your head break just for that because we have this just for you Women's Joe Flacco Jersey , for FREE. We are not doing this all the time but we just feel the need of doing so this time. Why? We are just being good. We will provide you the FULL VIDEO of Survivor: South Pacific Season 23 Episode 4. Have fun!
It is cyclically fully clad to fill your day with penchant as this Survivor: South Pacific Season 23 Episode 4 hits the airwaves today. In fact, Survivor: South Pacific Season 23 Episode 4 just one of the greatest shows you could have today. Many people around the realm are getting silly into it. And be sure to be one of them! Why? Because this Survivor: South Pacific Season 23 Episode 4 will truly pact you a rocking day!
I love watching this show for my part . Every week I am always excited to witness other part of Survivor: South Pacific Season 23 Episode 4. In fact, not only me, but also many people around the universe are getting crazy into it. So , be sure to take this now while Survivor: South Pacific Season 23 Episode 4 is hot.
Wirtschaft aus aller Welt
Thema drucken
18.03.2020 08:55
Antworten
