UAE Retail Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 5.30% (2024-2032)
The UAE retail market is growing rapidly, driven by rising consumer spending, urbanization, and the influx of international brands. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 5.30% from 2024 to 2032.
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UAE Retail Market Trends and Drivers:
The UAE retail market is evolving rapidly, owing to a healthy economy and an expanding population with high disposable incomes. Besides this, key drivers of the market's growth include large-scale infrastructure investments and the development of contemporary retail locations. Meanwhile, the UAE's strategic location as a trade hub attracts international brands and retailers, further enhancing the expansion of the UAE retail market. Additionally, the increasing trend of e-commerce and the rising adoption of digital payment solutions are transforming the retail landscape, making it more accessible and convenient for consumers. In line with this, the initiatives of government bodies to diversify the economy away from oil dependence, such as the UAE Vision 2021, are also playing an important role in boosting the retail sector by encouraging investment and innovation.
Trends shaping the UAE retail market include the growing popularity of omnichannel retailing, where businesses integrate online and offline shopping experiences to provide a seamless customer journey. There is also an important shift towards sustainable and eco-friendly products, driven by heightened environmental awareness among consumers. Moreover, the increasing usage of various technologies, including artificial intelligence and data analytics, is enhancing customer engagement and personalization in the retail sector. Consequently, the rise of experiential retail, where stores offer unique and interactive experiences, is attracting foot traffic and boosting sales. These trends, combined with a favorable economic environment and supportive government policies, are expected to drive the growth of the UAE retail market in the coming years.
UAE Retail Industry Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest UAE retail market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.
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
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Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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