Media Releases

The Future of Retailing in the UAE to 2020: Ken Research

Posted on 14 September 2016 by KenResearch Consumer Products and Retail ,

Key topics covered in report

  • Detailed profile of the Retail Market in UAE
  • Consumer demographics, trends and behaviours
  • Historic and forecast retail sales value & growth in UAE Retail Market
  • Competitive landscape of UAE’s Retail Market
  • Analysis of key distribution channels of UAE’s Retail Market
  • Emergence of online retailing in UAE’s Retail Market
  • Detailed analysis of changing retail dynamics across various product segments

Ken Research announced its latest publication on “The Future of Retailing in the UAE to 2020; Comprehensive data overview of the market, with retail sales value and forecasts to 2020” which provides information about latest market and industrial trends of UAE’s retail industry. It has taken into account information about twenty six groups and nine segments of Emirates’ retailing industry. The report imparts information about latest consumer trends and product preferences. It gives detailed analysis of qualitative and quantitative factors which has facilitated stupendous growth in UAE’s retail industry. It also gives details of action plans and strategies of major market players and retail chains of the market.

Economy of United Arab Emirates

UAE is located in Arabian region and consists of seven nations which are Abu Dhabi, Dubai, Ajman, Fujairah, Sharjah, Umm al-Quwain and al- Khaimah. UAE is majorly an oil based economy and is also an integral member of Oil Producing and Exporting Countries. Economies of UAE are highly dependent upon oil and related sectors for their growth and development. Emirates has special economic significance in Arabian economy. Not only oil but non-oil sector has also witnessed excellent growth in past few decades. Since Dubai is hosting world trade expo in 2020, this has led to massive infrastructural building in UAE which contributed to boom in construction industry. Moreover, tourism has also seen remarkable growth and is expected to grow further in future.

Overview of retail industry of UAE

This report seeks to analyze retail sector subgroups like Apparel, Accessories, Luggage and Leather Goods; Books, News and Stationery; Electrical and Electronics; Food and Grocery; Furniture and Floor Coverings; Health and Beauty; Home and Garden Products; Music, Video and Entertainment Software; Sports and Leisure Equipment. Massive growth is observed in the UAE’s retail sector which is basically demand led.

Various key market trends observed in retail sector industry of UAE are given as follows:

  • Rising consumer demand led to fast paced expansion of the sector.
  • Dubai’s retail sector has witnessed fastest growth in entire UAE.
  • Economic diversification has led to massive development of the industry.
  • Food and grocery has recorded biggest share in entire retail sector.
  • Specialized retailers have witnessed maximum sales in the industry.
  • E-commerce and online sales has given substantial boost to the industry.
  • Considerable rise in retail of luxury goods has been witnessed in past few years.

Major market players

Emke group is one of the leading retail chain in the UAE market. Landmark group, Lulu Hypermarkets, Carrrefour hypermarkets, Spinneys market are also some of the leading retail chains of United Arab Emirates. Further, new companies are launched every single year in UAE to cater huge demand for retail products in the economy. Further, considering the opportunities in the UAE’s economy many leading global retail chains are venturing into the economy.

Conclusion

Thus, we can say that due to significant economic progress and rising consumer demand, there is significant expansion and enlargement of UAE’S retail sector. Further growth is expected because of the following key factors:

  • Expected growth in non-oil sectors.
  • Rising investment in retail industry
  • Expected rise in consumer demand in forecast period
  • Rise in tourism to boost retail sector industry.

However, the industry is also expected to face the following challenges:

  • Inadequate investment
  • Excessive government intervention and control
  • Falling oil prices affecting economic stability

 

For more coverage click on the link below:

https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/future-retailing-uae/40174-95.html

 

Related Reports

https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/future-retailing-belgium/21551-95.html

https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/future-retailing-denmark/21552-95.html

 

     Contact:

     Ken Research

     Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

     +91-124-4230204

...

Read more…

Consumer-led Growth Witnessed in UAE Retail Industry: Ken Research

Posted on 13 September 2016 by KenResearch

Ken Research announced its latest publication on “The Future of Retailing in the UAE to 2020; Comprehensive data overview of the market, with retail sales value and forecasts to 2020” which elucidates details of market and consumer trends of UAE’s retail industry. The report provides snapshot of major retail sales and distribution channels which are gaining popularity in recent years. It provides comprehensive overview of qualitative and quantitative acumens which generated remarkable development in UAE’s retail industry. It also gives detailed information about major products and segments in which growth is anticipated in forecast period. Further, details about latest market players is also highlighted in the report.

Overview of UAE’s retail industry

Considering Arabian economies, UAE economy has witnessed spectacular growth in past few decades. This growth is majorly attributed to oil sector of the economy which not only contributes to national income but is also an important source of foreign direct investment (FDI). Construction and tourism sector has also contributed to significant improvements in economy. And in last three decades, retail sector has observed spectacular growth and development.

The report provides information about twenty six groups and nine segment of the industry. Food and grocery sector received maximum share of the industry. E-commerce has also boosted sales of the sector. Further, many economic policies of government to promote non-oil sector is facilitating growth in the sector.

Key driving factors

  • This amazing growth in the sector is due to many key macroeconomic factors which are listed below:
  • Massive economic growth
    • Outstanding economic growth of the economies of UAE after 1980’s has led to significant rise of incomes and standard of living of people which is rising consumer demand for retail products.
    • Population boom
      • Population of UAE is rising significantly which is rising consumption demand in the economy. This is leading to expansion in production to fulfill massive consumer demand.
      • Tourism
        • UAE’s economies like Dubai and Abu Dhabi are major tourist destinations and this tourism is providing major boost to the industry. Further, Dubai is hosting world trade expo in 2020 which is expected to uplift tourism industry laden to expansion of retail industry.
        • Economic diversification
          • Countries of UAE are heavily dependent upon oil producing sector. Now government is designing policies to promote growth in non-oil producing sectors like retail industry. This is not only increasing public investment in the industry but is also increasing FDI in the industry.

Future of the industry

Looking at the current consumer and market trends, enormous growth is expected in the retail industry of UAE. New channels of sales and distribution are introduced like hypermarkets, supermarkets, specialized retailers, etc. which will further improve sales in the sector. E-commerce is contributing in a spectacular manner to heighten sales further in the industry. But however few challenges like falling oil prices, excessive regulations in the economy, dearth of adequate investment in the industry may act as a constraint to growth of the industry.

For more coverage click on the link below:

https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/future-retailing-uae/40174-95.html

 

Related Reports

https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/future-retailing-belgium/21551-95.html

https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/future-retailing-denmark/21552-95.html

 

     Contact:

     Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

     +91-124-4230204

 

...

Read more…