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Middle East and Africa (MEA) Luxury Retail Market Size, Trends, Regional and Category Performance, Brands and Forecast to 2027

Publisher GlobalData
Published Aug 25, 2023
Length 63 Pages
SKU # GBDT18201399

Description

Middle East and Africa (MEA) Luxury Retail Market Size, Trends, Regional and Category Performance, Brands and Forecast to 2027


Summary


This report provides an overview of the MEA Luxury Retailing which includes Analysis, market forecasts, brands and trends in the MEA Luxury Retail Market 2017-2027.

The luxury market in Middle East and Africa (MEA) grew by 13.3% in 2022 with luxury retail sales projected to reach $20.6 billion by 2027 from $16.9 billion in 2022 as brands expand their reach in the region with new stores, e-commerce initiatives, and innovative strategies.

Scope
  • The MEA luxury market grew by 13.3% in 2022, driven by the UAE, Saudi Arabia, and South Africa
  • Digital and Physical expansion in the region has become essential for brands to grow
  • Luxury retailers embrace localization to meet cultural and social expectations
  • LVMH’s continued its dominance in the region, boasting a market share of 52.2%
Reasons to Buy
  • Gain a comprehensive knowledge on MEA Luxury retail market and develop a competitive advantage
  • Investigate current trends in MEA luxury retail market to identify the best opportunities to exploit
  • Analysis of key luxury retail players operating in Middle-East
  • Explore novel opportunities that will allow you to align your product offerings and strategies to meet demand by analyzing the key consumer and technology trends influencing the luxury fashion market in MEA region
  • Analyze the recommended actions to align your marketing strategies with the crucial trends influencing consumer behavior in MEA region

Table of Contents

63 Pages
  • Executive Summary
    • MEA Luxury Retail Market Drivers
    • MEA Luxury Retail Market Inhibitors
    • ‘Inspired designs’ target shopper preference for localization
    • Digitalization holds key to future growth
    • Retailers expand their sustainable portfolio to attract eco-conscious shoppers
    • Resale market gains traction
    • MEA Luxury Retail Market, 2017-2027
    • MEA Luxury Retail Market Value and Growth, 2017-2027
    • Luxury Retail Market by Region
    • MEA Luxury Retailing by Region
    • Top MEA Luxury Retail Markets
    • Luxury retailing sales by category - MEA
    • Growth In Luxury Sales By Country
    • Share of Luxury Sales By Country
    • Sector Sales - MEA
    • Sector Sales By Country - Egypt
    • Sector Sales By Country - Israel
    • Sector Sales By Country - Saudi Arabia
    • Sector Sales By Country - South Africa
    • Sector Sales By Country - United Arab Emirates
    • Top Luxury Brands in MEA
    • Market Share of Luxury Retail Brands in MEA
    • Brand in Focus: LVMH
    • Brand in Focus: Richemont
    • Brand in Focus: Chanel
    • Brand in Focus: Kering
    • Brand in Focus: Capri Holdings
    • Methodology: two-phase update process
    • Methodology: Market size by product & channel
    • Methodology: Market share & company performance
    • Methodology: Luxury Market Size & Market Share
    • Methodology: Exchange rates & data revisions
    • Methodology: GlobalData Retail research approach
    • Methodology: Market sizing - a four-stage approach
    • Definitions: Channel groups
    • Definitions: Channel Groups continued + clarification on Marketplaces
    • Definitions: Product category - Clothing & Footwear
    • Definitions: Product category - Electricals
    • Definitions: Product category - Food & Grocery
    • Definitions: Product category - Health & Beauty
    • Definitions: Product category - Home
    • Definitions: Product category - Other
    • Definitions: Price position & international presence

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