UAE New Luxury Shopping Destination Driving Luggage Industry: Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The United Arab Emirates is a federation of seven emirates and is an Arabian Peninsula nation. UAE has the second largest economy in the Gulf Countries after Saudi Arabia. The rise in disposable income is an added advantage of the consumers to spend more on luggage due to frequent travel plans. The country is experiencing a surge in the inbound, outbound and domestic tourism flow, as it is a luxury-shopping destination. All these factors affect the sales growth in bags and luggage sector. According to the market research report “Bags and Luggage in the United Arab Emirates“, the Bags and luggage market in UAE has increased rapidly due to the fashion-conscious consumers and continuous purchases of the products. Michael Kors and Kate Spade are the popular brands in UAE with competitive prices that attract young and ambitious population within the country. The local and foreign consumers are attracted towards the luxury brands fuelling sales growth of branded bags and luggage. Therefore, the personal accessories market is skyrocketing with strong current value growth. Almost all the huge luxury shopping malls are packed with tourists on events such as the Dubai shopping festival and other events. The renowned shopping malls are ‘The Dubai Mall’ with 1,200 outlets and ‘Mall of the Emirates’ with 520 outlets. Majority of the tourists are attracted to the personal accessories, such as bags, luggage, and the general purchase is a luxury handbag. Chalhoub is the leading company in bags and luggage in UAE and this company represents LVMH’s brand Louis Vuitton in the United Arab Emirates. Louis Vuitton is a globally well-established and an iconic image with many branded bags and luggage as attractive status symbols. Al Tayer Group is ranked second in bags and luggage and represents PPR’s iconic Gucci brand in the country. Dubai and Abu Dhabi hosted a number of major events with leading designers and brands in the bags and luggage market. The competitors are very keen to increase their sales in such events among the local consumers and tourists. Samsonite has re-launched Hartmann, a luxury luggage brand in Dubai. Another incident where, Prada used its outlet in ‘The Galleria Mall’ to launch a lightweight bag with a flap pocket offering additional storage space. Cartier also launched two new handbag collections at ‘The Dubai Mall’. The United Arab Emirates is greatly inclined towards luxury, particularly for bags, luggage bags, handbags and wallets. There was no effect of recession on the bags and luggage industry. The younger generation in the United Arab Emirates are extremely brand-conscious. The priority purchase of everyone is a handbag of premium brand or ultra-luxury brand. Russian and Chinese tourists are spending less because the UAE dirham has become stronger against the US dollar making United Arab Emirates more expensive compared to the western countries. In the UAE, the growth rate is stable in the bags and luggage market but it is expected to decrease in sales during the years 2017 and 2018 due to a projected economic slowdown with the introduction of VAT. In addition, the population growth in the coming years is expected to slow down due to falling birth rates, infertility, and deceased rate leading to ageing population. These factors may affect the growth of the bags and luggage market in the coming years. For further reading click on the link below: https://www.kenresearch.com/consumer-products-and-retail/luxury-goods/bags-luggage-united-arab-emirates/98361-95.html Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications ankur [@] kenresearch.com +91-9015378249 www.kenresearch.com Tags: Leather bags market UAE, UAE Bags and Luggage Export Volume, UAE Bags and Luggage Import Volume, UAE Bags and Luggage Industry, UAE Bags and Luggage Market competition, UAE Bags and Luggage Market Future Outlook, UAE Bags and Luggage Market Research Report, UAE Bags and Luggage Market Size, UAE Bags and Luggage Production Output, UAE Bags and Luggage Retail Market, UAE Handbags market research, UAE laptop bags market, UAE Luggage industry revenue, UAE Online Travel bags market, UAE Travel bags market demand