UAE Retail Market Outlook 2024, Share, Size, Key Players and Forecast By 2032

UAE Retail Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 5.30% (2024-2032)

According to the latest report by IMARC Group, the UAE retail market size is projected to grow at a CAGR of 5.30% from 2024 to 2032. The market is expanding, driven by rising consumer spending, tourism, e-commerce growth, and increasing demand for luxury products.


UAE Retail Market Trends and Drivers:

The UAE retail market is rapidly expanding due to a number of interrelated reasons. The market is primarily driven by expanding consumer spending, an increasing number of expatriates, and an increase in international tourists. The retail business in Dubai and Abu Dhabi has expanded tremendously, with premium brands, luxury malls, and traditional souks emerging as key worldwide shopping destinations. In accordance with these elements, the UAE's advantageous economic policies, such as tax-free shopping and high discretionary incomes, help to fuel the expansion of the UAE retail industry. Additionally, government initiatives such as Expo 2020 Dubai have attracted substantial foreign investments and spurred the development of new retail spaces, enhancing the country’s global retail appeal.

The rapid growth of e-commerce and omnichannel retailing is also propelling the expansion of the UAE retail market. Furthermore, consumers are increasingly shopping online, driven by convenience and the rise of digital payment solutions. In addition to these factors, retailers are adapting by integrating physical stores with online platforms, offering a seamless shopping experience. Moreover, sustainability is gaining importance, with retailers embracing eco-friendly practices and products in response to consumer demand for responsible shopping. Apart from this, the market is also seeing the rise of experiential retail, where malls and stores offer entertainment, dining, and leisure activities alongside shopping, transforming them into lifestyle destinations. These trends, along with a steady influx of international brands, are expected to continue driving the growth of the UAE retail market in the coming years.

Request for a sample copy of this report: https://www.imarcgroup.com/uae-retail-market/requestsample

UAE Retail Industry Segmentation:

The report has segmented the market into the following categories:

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

Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=23590&flag=C

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.

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.

Contact Us:  

IMARC Group 

134 N 4th St. Brooklyn, NY 11249, USA 

Email: sales@imarcgroup.com 

Tel No:(D) +91 120 433 0800 

United States: +1-631-791-1145

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