UAE Retail Market Expected to Grow at a CAGR of 5.30% during 2024-2032
UAE Retail Market Expected to Grow at a CAGR of 5.30% during 2024-2032
The UAE Retail Market is expanding, driven by economic growth, tourism, e-commerce adoption, and a shift towards premium shopping experiences.

Retail Market-UAE

Market Statistics

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 5.30% (2024-2032)

The UAE Retail Market is expanding, driven by economic growth, tourism, e-commerce adoption, and a shift towards premium shopping experiences. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 5.30% from 2024 to 2032.

Download sample copy of the Report: https://www.imarcgroup.com/uae-retail-market/requestsample

UAE Retail Market Trends and Drivers:

  • Substantial Market Growth:

    • The UAE retail market is experiencing significant growth, fueled by economic recovery, increased consumer spending, and the rise of e-commerce.
  • Resurgence in Retail Activity:

    • The revival of retail activity, especially in shopping malls and luxury segments, is a key driver of market expansion.
  • Tourism Boost:

    • The return of tourism, particularly in Dubai, has significantly boosted retail sales, with tourists playing a crucial role.
  • High Disposable Incomes:

    • High disposable incomes and a diverse population continue to drive demand for a wide range of products, from luxury fashion and electronics to everyday essentials.
  • Impact of Government Initiatives:

    • Government initiatives, such as Expo 2020 Dubai, have been instrumental in attracting both local and international shoppers.
  • Rapid Growth of E-commerce:

    • E-commerce and omnichannel retailing are growing rapidly, with the shift towards online shopping accelerated by the pandemic.
  • Retailers' Digital Investments:

    • Retailers are heavily investing in digital platforms and logistics to meet the demand for convenience and speed, leading to the rise of online marketplaces, mobile shopping apps, and same-day delivery services.
  • Personalized Shopping Experiences:

    • There is an increasing focus on personalized shopping experiences, with retailers using data analytics and AI to offer tailored recommendations and promotions.
  • Integration of Digital and Physical Channels:

    • The integration of digital and physical retail channels is driving innovation and competitiveness, expected to further propel the UAE retail market in the coming years

UAE Retail Industry Segmentation:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest UAE retail market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.

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

Request for customization: https://www.imarcgroup.com/request?type=report&id=23590&flag=C

Competitive Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

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 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, and transform their businesses.

IMARC’s 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, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:  

IMARC Group 

134 N 4th St. Brooklyn, NY 11249, USA 

Email: sales@imarcgroup.com 

Tel No:(D) +91 120 433 0800 

 

United States: +1-631-791-1145

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