Media Releases

• China's e-Commerce market develops in spite of the monetary slowdown.
• Japan, South Korea and Australia are saturated e Commerce markets.
• Web based retailing is seen as a convenience channel for shopping.

Ken Research announced its latest production on, “Online Retailing in Asia-Pacific, 2015-2020; Market Dynamics, Retail Trends and Competitive Landscape”, which offers vast knowledge on the changing patterns and key issues inside the Asia Pacific Online Retail market. The publication incorporates analysis of the latest trends in online consumer shopping, covering the factors driving web based shopping, consumer bits of knowledge, market progression and reviews of the latest best practice in online retail site design. It likewise gives information for historic and forecast online retail sales. The report covers twelve countries in the Asia Pacific where identified the largest and fastest growing category and furthermore have also covered the competitive landscape of the significant players in the market. It has provided in-depth analysis of the latest trends, market dynamics and key innovations of ten specific categories in retail sector in major countries across the region.

The e-Commerce revenues in five Asia Pacific markets (China, Japan, South Korea, India, and Australia) outperform the consolidated figure for online retail in the US and all of Western Europe, with China and India being the two biggest and the quickest developing e-Commerce markets over the globe. These emerging countries in Asia Pacific are expected to be some of the major drivers of global e-Commerce growth going forward.

India’s online sales are expected to grow more than fivefold as the number of online buyers and per capita online spending increase drastically. India's cash-based culture had posed a huge challenge for e Commerce firms but the initiation of demonetization is going to boom the web based retailing in India, it might take certain months but is expected to grow substantially.

Japan, South Korea and Australia has all of the characteristics of the saturated e commerce market such as high Internet and broadband endorser penetration, an expansive rate of online customers, and high per capita web based spending. In any case, every market has novel attributes that e Commerce leaders working in these business sectors, or pondering about doing so, need to know and consider while creating their offerings.

Web retailing will keep on growing in prevalence among purchasers since it is seen as a convenience channel for shopping. Moreover, web retailers keep on driving deals by offering discounts and rebates which can only be used with customers' cell phone applications or via codes which can be used on the web. In this way, nonstop development of this channel is a post effect of a wide selection of products, an expanding customer base and retailers' own efforts.

To know more on the coverage, tap on the link underneath:

https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/online-retailing-asia-pacific/48909-95.html

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https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/european-air-traveler/55717-95.html

Contact:
Ken Research 
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com
+91-124-4230204

• European Commission is stepping in and wants to revolutionize the market
  
  
• Geoblocking regulation in May which implies that end clients who need to shop online crosswise over national lines, for instance, have their payment procedure scratched off
  
  
• In 2015, the European online market is dominated by the UK, Germany and France which together are responsible for 81.5% of European sales

Ken Research declared its latest production on “Online Retailing in Europe, 2015-2020; Market Dynamics, Retail Trends and Competitive Landscape,” which offers vast information on the changing trends and significant issues involved in the Europe Online Retail market. The publication incorporates a shrewd analysis of the latest trends in online consumer shopping, covering the factors driving web based shopping, consumer bits of knowledge, market progression and reviews of the latest best practice in online retail site design. It likewise gives information for historic and forecast online retail sales. The report covers twenty four countries in the Europe where identified the largest and fastest growing category and furthermore have also covered the competitive landscape of the significant players in the market. It has provided in-depth analysis of the latest trends, market dynamics and key innovations of ten specific categories in retail sector in major countries across the region.

E-commerce is the fastest growing retail market in Europe and North America. Online sales in the UK, Germany, France, The Netherlands, Sweden, Italy, Poland and Spain showcased 20% growth rate from 2014 to 2015. Online sales are expected to grow again. As in 2015, the European online market is dominated by the UK, Germany and France.

The UK online share was around 9.4% in 2010 and now it is 16.8%, so the development rate in Europe has been nearly fast. The nations with the most astounding on the web shares of their internal markets are: the UK 16.8% forecast for 2016; Germany 13.5% for 2016; and France 9.4% in 2016.Other nations with high market shares are Sweden and The Netherlands. Germany has had the quickest developing on the web area throughout the previous couple of years, however this year its 18.3% gauge development will be just pipped by Spain (18.8%).

Deuter versus Amazon: how a standout amongst the most celebrated face-offs in the games market is going. Deuter needed to control online retail itself, while Amazon wanted to prevent this and liberalize trade. Presently the European Commission is venturing in and wants to alter the market.

The Commission as of now exhibited an underlying draft of a geoblocking regulation in May; an end to the best degree conceivable of geoblocking practices is in this manner its proclaimed objective, Geoblocking generally implies that end clients who need to shop online crosswise over national lines, for instance, have their payment procedure scratched off or are diverted to a site for an online shop in their particular nation. In light of the after effects of the Commission's division request, France drives the top diagrams of restrictions of these sorts of transnational online buys, while the least prevalent are those in Denmark.

Key Topics Covered in the Report:

France E-Commerce Sector

Europe Premium Retail Industry

Spain Online Retail Industry Size

UK Food and Grocery Retail Industry

UK online Apparel Industry Revenue

Europe Ecommerce Retail Market Size

Global Retail Industry Research Report

Europe Retail Industry Research Report

Online Retail Industry Future in Europe

Germany Consumer Goods Retail Sector

Europe E-commerce Market Regulations

Europe Online Clothing and Footwear Market Research

To know more on the coverage, tap on the link underneath:

https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/online-retailing-europe/48911-95.html

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https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/retailing-malaysia-market-summary/53168-95.html

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

• The US is the largest luxury merchandise retail market in the Americas
• Internet based retailing witness the fastest growth.

Ken Research announced its most recent publication titled “Luxury Goods Retailing in the Americas 2015-2020; Market dynamics, trends and competitive landscape,” offers insights on the market dynamics, current trends and the competitive landscape of the current and forecast market data for luxury goods retail sales in various product categories across the America. The report incorporates a shrewd analysis on market insights in light of consumer and retailer drifts and changing financial and other macroeconomic factors, for example, tourist flows and currency vacillations. In addition, it has the comprehensive knowledge on the market share of the ten fastest growing luxury merchandise retailers in the region and their five year deals and trading redesign analysis, store count investigation, recent key events and outlook. Ultra-high net worth individual (UHNWI) analysis and inbound tourists analysis in selected countries is undertaken. This report Covers nine countries in the America-Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, US and Venezuela which further includes 12 categories, including clothing, consumer electro- nics, footwear, jewellery, watches and accessories, luggage and leather goods, personal care, communication equipment, stationery, tobacco, and others.

Luxury brands in the US stays diverse and aggressive, with both regional and worldwide players present. Worldwide players LVMH Moet Hennessy Louis Vuitton SA, Richemont SA and Kering SA kept up their driving positions, on account of their broad image portfolios, which canvassed most categories in luxury brands. In addition to worldwide players, local affordable luxury brands, such as Ralph Lauren, Michael Kors, Coach, Kate Spade and Tory Burch likewise kept on driving sales in the competitive landscape of US extravagance products. While they are the most desired brands among regional luxury customers, these also pulled in numerous luxury foreign visitors.

The existence of web based retailing and marketing turned out to be critical. Luxury brands and retailers are progressively putting resources into online business to pull in tech-savvy buyers and capture more sales. As luxury brands have a tendency to have less retail outlets than mass brands, web based retailing helps luxury brands to reach both new and existing clients who can't visit physical stores. With the developing penetration of cell phones, m-commerce is likewise turning into a key distribution channel despite the fact that its retail shares stayed little in luxury brands.

It is evaluated that Chinese travellers spent as much as US$117 billion on individual luxury merchandise in 2015, representing 33% of all purchases universally. Of this US$117 billion the only us represented 78% of aggregate abroad utilization by Chinese buyers. High import assesses inside China were a major motivator – a similar luxury handbag can cost a third more in Beijing than in Paris.

To know more on the coverage, click on the link below:

https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/luxury-goods-retailing-americas/48907-95.html

Related Reports

https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/online-pureplays-uk-clothing-footwear/55718-95.html

Contact:

Ken Research 
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com
+91-124-4230204             

Saudi Arabia and UAE are the most emerging markets in the Middle East

 Middle East is home to huge numbers of SMEs, most of them don't own a website

 Despite substantial growth in the Middle East over the past couple of years the region is still behind a number of other emerging economies in the ecommerce.

 Political instability is a major issue which may hamper the growth potential of ecommerce.

Ken Research announced its most recent production on, “Online Retailing in Middle East and Africa, 2015-2020; Market Dynamics, Retail Trends and Competitive Landscape,” which offers insightson the changing trends and significant issues inside the Middle East and Africa Online Retail market. The publication includes a keen analysis of the latest trends in online consumer shopping, covering the factors driving web based shopping, consumer bits of knowledge, market progression and reviews of the latest best practice in online retail site design. It likewise gives information for historic and forecast online retail sales. The report covers five countries in the Middle East Asia and Africa where identified the largest and fastest growing category and furthermore have also covered the competitive landscape of the significant players in the market. It has provided in-depth analysis of the latest trends, market dynamics and key innovations of ten specific categories in retail sector in major countries across the region.

Monetary development in the Middle East and North Africa (MENA) is stagnating. The World Bank ventures overall GDP development to be under 3% for the current year.

In the US online accounts for retail sales have been uplifting and therefore the market share of Amazon is greater than Walmart there and China at the other hand, is home to six of the twenty largest internet organizations across the globe; many of them - like Alibaba and the B2C retailer JD.com - have their roots in ecommerce. MEA is the smallest ecommerce market in the world. In Latin America, the second-smallest ecommerce market, online buyers will spend over US$50 billion more than twice what is being spent in this region. But development in the area is faster than in many other regions across the globe, except Asia-Pacific, where B2C e-commerce in China is growing at a rapid speed. The maximum number of Internet users in the Middle East and Africa is estimated to be in Egypt, followed by Morocco and Saudi Arabia. However, Internet penetration was at its top in Qatar and the United Arab Emirates. Online shopping in the Middle East and Africa region boomed especially as a result of group buying websites.

 Despite substantial development in the Middle East over a couple of years the region is still behind a number of other emerging regions in the ecommerce shares. The reasons of such an event include: In a region with no postcodes and usually no home postal service, delivering things to consumers used to be a major headache for businesses. Despite the Middle East is home to huge numbers of SMEs, most of them don't own a website and even don’t have an intention of getting one. Even big multinational organisations, like the French retailer Carrefour, have a very limited online presence in the region. Social and cultural dimensions stay imperative for Middle East consumers, including the region's digital native. However many people still prefer to buy in person, where they can negotiate and draw on long-term business relationships; few dynamics which are also possible in the same way online

Political instability is a major issue which may hamper not only the economic growth potential, but might also block initiatives to promote internet usage, development of e-services and consequently also affects the growth potential of e-commerce. The social uprisings that emerged in the region are indicative of the threats that low living standards and lack of political freedom pose to long-term sustainable stability.

 Topics covered in the Report

·         Africa Retail Industry Research Report

·         Global Premium Retail Industry

·         Global E-commerce Market

·         Middle East Online Food and Grocery Retail Industry

·         Africa online Apparel industry revenue

·         Middle East Consumer Goods Retail Sector

·         Online Retail Industry Future Africa

·         E-commerce Market Regulations Middle East

·         Africa Ecommerce Retail Market Size

·         Middle East online retail industry

·         Global Retail Industry Research report

·         Africa E-commerce Sector
 

To know more on the coverage, tap on the link underneath:

https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/online-retailing-middle-east-africa/48910-95.html

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Slight improvement seen in retailing in 2015 after 2014

France unemployment proceeds inexorably to rise, achieving 10.8% which is almost 3.35 million.

Multiplication of progressively efficient price comparison sites and portable applications, French buyers can easily utilize the web to compare the prices and track the best deals on the racks of grocery retailers, assortment stores and online commercial centres.

Ken Research declared its most recent production on, " Retailing in France-Market Summary and Forecasts; Comprehensive overview of the market, consumer, and competitive context, with retail sales value and forecasts to 2020” , offer bits of knowledge on the changing trends and key issues inside the France Retail market. The report incorporates a shrewd investigation of the most recent trends in retail consumer shopping, covering the components driving retail shopping, customer insights, market trends and surveys of the most recent best practice in retail site design. It likewise provides information to forecast and historic retail sales, furthermore incorporates data on the business environment and country risk related to France retail environment. In addition, it has comprehensive knowledge on fastest growing product categories and also on the key international and domestic players operating in the retail market-including store counts and revenue.

France is the main real Western Europe economy in which unemployment proceeds inexorably to rise , achieving 10.8% of the workforce toward the end of 2015 which is almost 3.35 million out of work in France. President Hollande had made it a decision vow to begin decreasing unemployment by the begin of 2014, however it continues rising. The French economy is profoundly enhanced, and institutional qualities like solid security of property rights and a relatively productive administrative structure encourage entrepreneurial action. The general population shortfall in 2014 was 4.3% of GDP, implying that the legislature missed its objective of 4.1%, and appears to be probably not going to achieve the EU-forced focus of 3% in 2015. Public spending in France, among the most abnormal amounts on the planet, achieved 57.1% in 2013. The slight recuperation in demand seen in the retailing business in 2015 helped France's retailers to overlook 2014, a dull year for retailing because of the appalling impacts of the price war on value deals. In spite of the fact that the French economy was all the while attempting to mount a bona fide recuperation in 2015, consumers appeared to recapture some certainty, which brought about unobtrusive however positive development current estimation of 1% in 2015. Development was driven by web retailing, especially mobile internet retailing, while more conventional strategies for non-store retailing, for example, homeshopping kept on posting decreases.

The primary issue in retailing in France amid 2014 and, to a lesser degree, 2015 was the price war that has been fundamentally apparent in present day grocery retailers. This corresponded with a sudden decrease in the cost of crude materials and vitality, the end of a time of solid expansion which had misleadingly fuelled current esteem deals preceding 2014. Consequently, the nation's prevailing grocery retailers advanced marginally less progressively than non-grocery retailers, which confronted intense rivalry from web retailing yet which were not influenced by the price war to a similar degree. Regardless of the possibility that GDP development is ease back to recoup, grocery retailers are relied upon enlist positive yet humble esteem development at a CAGR of 1% at consistent 2015 costs over the gauge time frame.

As the financial outlook for France enhances, the nation's retailing industry is relied upon to accomplish direct positive development over the gauge time frame. However, the opposition between particular channels and retail organizations and the developing union of the focused scene over the retailing business can be expected to add to continuous price erosion and inner cannibalization. By differentiating their exercises in various channels, retailers ought to have the capacity to compete emphatically in both store-based retailing and web retailing. Attributable to the multiplication of progressively efficient price comparison sites and portable applications, French buyers can be relied upon to keep utilizing the web to compare the prices and track the best deals on the racks of grocery retailers, assortment stores and online commercial centres.

Topics covered in the Report

·         Global Retail industry Research report

·         France retail Market Size

·         France Retail Industry Research

·         France Online retail Industry Research

·         France Grocery Market revenue

·         Footwear Market Revenue France

·         Clothing and Footwear market France

·         Electronics Market France

To know more on coverage, click on the link below:

https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/retailing-france-market-summary/48906-95.html

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Online pureplays in UK Clothing & Footwear

The European Air Traveler and Duty Free Spending Trends 2016-2017

·         The US is the largest luxury merchandise retail market in the Americas

·         Internet based retailing witness the fastest growth.

Ken Research announced its most recent publication titled “Luxury Goods Retailing in the Americas 2015-2020; Market dynamics, trends and competitive landscape,” offers insights on the market dynamics, current trends and the competitive landscape of the current and forecast market data for luxury goods retail sales in various product categories across the America. The report incorporates a shrewd analysis on market insights in light of consumer and retailer drifts and changing financial and other macroeconomic factors, for example, tourist flows and currency vacillations. In addition, it has the comprehensive knowledge on the market share of the ten fastest growing luxury merchandise retailers in the region and their five year deals and trading redesign analysis, store count investigation, recent key events and outlook. Ultra-high net worth individual (UHNWI) analysis and inbound tourists analysis in selected countries is undertaken. This report Covers nine countries in the America-Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, US and Venezuela which further includes 12 categories, including clothing, consumer electro- nics, footwear, jewellery, watches and accessories, luggage and leather goods, personal care, communication equipment, stationery, tobacco, and others.

Luxury brands in the US stays diverse and aggressive, with both regional and worldwide players present. Worldwide players LVMH Moet Hennessy Louis Vuitton SA, Richemont SA and Kering SA kept up their driving positions, on account of their broad image portfolios, which canvassed most categories in luxury brands. In addition to worldwide players, local affordable luxury brands, such as Ralph Lauren, Michael Kors, Coach, Kate Spade and Tory Burch likewise kept on driving sales in the competitive landscape of US extravagance products. While they are the most desired brands among regional luxury customers, these also pulled in numerous luxury foreign visitors.

The existence of web based retailing and marketing turned out to be critical. Luxury brands and retailers are progressively putting resources into online business to pull in tech-savvy buyers and capture more sales. As luxury brands have a tendency to have less retail outlets than mass brands, web based retailing helps luxury brands to reach both new and existing clients who can't visit physical stores. With the developing penetration of cell phones, m-commerce is likewise turning into a key distribution channel despite the fact that its retail shares stayed little in luxury brands.

It is evaluated that Chinese travellers spent as much as US$117 billion on individual luxury merchandise in 2015, representing 33% of all purchases universally. Of this US$117 billion the only us represented 78% of aggregate abroad utilization by Chinese buyers. High import assesses inside China were a major motivator – a similar luxury handbag can cost a third more in Beijing than in Paris.

To know more on the coverage, click on the link below:

https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/luxury-goods-retailing-americas/48907-95.html

Related Reports

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Retailing in Malaysia-Market Summary and Forecasts; Comprehensive overview of the market, consumer, and competitive context, with retail sales value and forecasts to 2020 

Contact:

Ken Research
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com
+91-124-4230204

Ken Research announced its latest publication on, “CONSUMER ATTITUDES AND ONLINE RETAIL DYNAMICS IN CHILE, 2015-2020”, offer insights on the changing trends and key issues within the Chile Online Retail market. The publication includes an insightful analysis of the latest trends in online consumer shopping, covering the factors driving online shopping, consumer insights, market dynamics and reviews of the latest best practice in online retail site design. It also provides data for historic and forecast online retail sales, and also includes information on the business environment and country risk related to Chile's online retail environment. In addition, it analyses the key consumer trends influencing Chile's online retail industry.

Economic Environment of Chile

According to the World Bank, Chile is one of the highest income economies and one of the most prosperous nations in South America. Chile leads the Latin American nations on a number of parameters such as per capita income, competitiveness, economic freedom etc. Chile is ranked as the 30^th most competitive country in the world and the first in Latin America. In terms of ease of doing business, Chile is ranked as 34^th in the world by the ease of doing business index.

Chile is the largest exporter of copper in the world and also a leading exporter of minerals, wood, fruit, seafood and wine. It is the first South American country to join the Organisation for Economic Co-operation and Development (OECD). Chile has also entered into a number of free trade agreements and maintains the best investment profile in the region. On the imports front, the country is open to imports, there are no trade barriers and most of the imports are duty free.

Looking at the key economic snapshot of the country, Chile is the home to 17.8 million people. With a GDP of USD 409.3 billion and a per capita income of USD 22,971, Chile has a global ranking of 7^th and a regional ranking of 1^st in the South and Central American region. The GDP has a growth rate of 1.8% and a 5 year compounded annual growth rate of 4.6%. However, the GDP growth in Chile has fallen recently, reason being the slowdown in the mining sector, falling copper prices and the decline in private consumption. All these factors together with the increasing unemployment rates and fiscal deficit are coming across as challenges for the economy and preventing it from growing to its full potential. 

Brief Overview of the Online Retail Market in Chile

Considering Chile being one of the fastest growing economies in the world, its retail sector also has a huge potential. Chile not only dominates the other Latin American countries in terms of competitiveness, GDP per capita etc. but also is the leading country in Latin America when it comes to electronic commerce transactions.

Although the online retailing segments accounts for less than 2% of the overall retailing business in Chile, but this scenario is expected to change fast as the online commerce is growing at a faster rate than ever before. A large number of factors are contributing towards the increasing penetration of online retailing in Chile. Increasing Broadband penetration and easy access to internet is one of the most important factors contributing to the development of e commerce as this particularly expands the number of young consumers. According to a Chilean retailer Falabella, efforts are being made to ensure that the product information available online is 100% accurate, thereby further boosting the consumer confidence in online retailing.

Apart from e commerce, with the increasing penetration of smart phones and tablets and internet access being the highest in Latin America, the mobile commerce platform is also expected to gear up. Advanced telecom infrastructure and regulatory system has done away with the leading negative factor of internet retailing that is security of online payments. Now consumer’s main area of worry has moved to delivery timing of online orders.

Major Players in Chile’s Online Retail Market

Since the online retail market in Chile is very small, the competition is not very intense. The most popular E commerce sites among consumers are Falabella, Lan.com and Mercado Libre with Falabella leading internet retailing with a value share of 12%. The company’s most important strategy that has been effective in helping the company maintaining its leadership is the development of m commerce applications for mobile devices. One of the most significant feature of such an application is that they allow the consumers to see how they would look using or wearing a wide range of products by uploading a photograph then “testing” prospective purchases.

The Chilean consumers’ favourite products for online shopping are electrical and electronics, tickets to concerts and shows and plane tickets

Chile’s Online Retail Market Prospects

The online retailing market is expected to flourish and maintain a positive growth rate during the forecast period. Some of the key factors expected to drive demand in the Chilean online retail market are:

·         Easy and affordable internet access

Chile has a broadband penetration rate of 8.8%, one of the highest in Latin America. The number of internet users in Chile increased manifold between 2003 and 2008. Chile also has the highest penetration of personal computers.

·         Increasing penetration of smartphones

The increasing use of smartphones and tablets is likely to boost the m commerce market in Chile.

·         Government initiatives

The Chilean government is also taking initiatives to improve infrastructure as required for the development of internet retailing such as developing the necessary infrastructure to offer free wireless internet connections in public spaces throughout the country.

The projecteddevelopment of internet penetration in Chile is therefore expected to have a strong positive impact on internet retailing and boost sales in the channel substantially over the forecast period.

Key Topics Covered in the Report

·         Detailed profile of the Online Retail Market in Chile

·         Consumer demographics, trends and behaviours

·         Historic and forecast online retail sales value & growth in Chile

·         Competitive landscape of the Chile’sOnline Retail market

·         Emergence of M commerce and Chile’s Online retail market

·         KeyConsumer trends influencing Chile's online retail industry.

·         Detailed analysis of the latest trends in online consumer shopping

To know more on coverage, click on the link below:

https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/consumer-attitudes-online-retail-dynamics-chile/37630-95.html

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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

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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