Retail Market-UAE
Market Statistics
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Size in 2023: USD 138 Billion
Market Size in 2032: USD 219 Billion
Market Growth Rate (CAGR) 2024-2032: 5.30%
According to IMARC Group's report titled "UAE Retail Market Report and Forecast 2024-2032," the market reached USD 138 billion in 2023. Looking forward, IMARC Group expects the market to reach USD 219 billion by 2032, exhibiting a growth rate (CAGR) of 5.30% during 2024-2032. The market is growing rapidly, driven by economic expansion, rising disposable incomes, e-commerce growth, and diverse consumer demand.
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UAE Retail Market Trends and Drivers:
- Strong economic expansion, growing population, and rising disposable incomes are driving the UAE retail market.
- High consumer demand for a variety of products, from luxury goods to everyday essentials, is supported by the country's diverse demographic of locals and expatriates.
- The UAE’s reputation as a global shopping hub, along with world-class malls and retail infrastructure, continues to attract international brands and retailers.
- Government initiatives aimed at economic diversification are fostering investment and innovation in the retail sector.
- E-commerce growth, accelerated by the COVID-19 pandemic, is encouraging retailers to enhance their digital presence and offer seamless omnichannel shopping experiences.
- Increasing use of technology, including mobile payment systems and personalized shopping through data analytics, is becoming widespread.
- Rising demand for eco-friendly products and ethical practices is shaping consumer preferences, driving sustainability trends in the market.
- Experiential retail, offering unique and interactive shopping experiences, is reshaping the industry.
- Growth in the tourism and hospitality sectors further contributes to the expansion of the retail market in UAE.
UAE Retail Industry Segmentation:
The report has segmented the market into the following categories:
Product Insights:
- Food and Beverages
- Personal and Household Care
- Apparel, Footwear and Accessories
- Furniture, Toys and Hobby
- Electronic and Household Appliances
- Others
Distribution Channel Insights:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Stores
- Others
Regional Insights:
- Dubai
- Abu Dhabi
- Sharjah
- Others
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Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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