UAE Retail Market
Retail Market-UAE
Market Statistics
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Size in 2023: USD 138 Million
Market Size in 2032: USD 219 Million
Market Growth Rate (CAGR) 2024-2032: 5.30%
According to IMARC Group’s report titled “UAE Retail Market Report and Forecast 2024-2032,” the market reached USD 138 billion in 2023. Looking forward, IMARC Group expects the market to reach USD 219 billion by 2032, exhibiting a growth rate (CAGR) of 5.30% during 2024-2032. The market is growing rapidly, driven by increased consumer spending, e-commerce expansion, and a diverse range of products and services.
Download sample copy of the Report: https://www.imarcgroup.com/uae-retail-market/requestsample
UAE Retail Market Trends and Drivers:
- Growth Drivers:
- High economic growth, escalating population, and increasing disposable incomes contribute to the UAE retail market’s expansion.
- Strong consumer demand for a diverse range of products, from luxury items to everyday essentials, reflects the preferences of both locals and expatriates.
- The UAE’s status as a global shopping destination attracts international brands and retailers, supported by world-class malls and retail infrastructure.
- Government Initiatives:
- Economic diversification strategies foster a vibrant retail sector by encouraging investment and innovation.
- E-commerce Surge:
- The rapid rise of e-commerce, accelerated by the COVID-19 pandemic, is enhancing the UAE retail market.
- Consumers increasingly prefer online platforms, prompting retailers to improve their digital presence and provide seamless omnichannel experiences.
- Technological Integration:
- The use of mobile payment systems and personalized shopping experiences powered by data analytics is gaining popularity.
- Sustainability Trend:
- Consumers are demanding eco-friendly products and ethical practices from retailers, making sustainability a significant focus.
- Experiential Retail:
- The rise of experiential retail emphasizes unique, interactive experiences rather than just products, reshaping the shopping landscape.
- Future Outlook:
- Continued growth in tourism and hospitality sectors is expected to drive further expansion of the UAE retail market, making it a dynamic and evolving industry.
UAE Retail Industry Segmentation:
Our comprehensive UAE retail market outlook reflects both short-term tactical and long-term strategic planning. This analysis is essential for stakeholders aiming to navigate the complexities of the market and capitalize on emerging opportunities.
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 competitive landscape of the industry has also been examined along with the profiles of the key players.
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 global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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Email: sales@imarcgroup.com
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