Smart Business

  E-bike Market in UAE 2024: How Big is the UAE E-bike Industry? The  UAE e-bike market size  reached  USD 811 Million in 2023 . Looking forward, IMARC Group expects the market to reach  USD 7,218 Million by 2032 , exhibiting a growth rate (CAGR) of  27.50% during 2024-2032 . The market is growing, driven by eco-conscious consumers, government sustainability initiatives, urban mobility needs, and rising health awareness. Market Statistics Base Year:  2023 Historical Years:  2018-2023 Forecast Years:  2024-2032 Market Size in  2023 :  USD 811 Million Market Size in  2032 :  USD 7,218 Million Market Growth Rate (CAGR) 2024-2032:  27.50% UAE E-Bike Market Trends and Drivers: The UAE e-bike market is experiencing growth driven by rising environmental awareness and a shift toward sustainable transportation solutions. With increasing concerns about carbon emissions and urban congestion, e-bikes are gaining popular...

UAE Alcoholic Drinks Market Overview Base Year:  2023 Historical Years:  2018-2023 Forecast Years:  2024-2032 Market Growth Rate:  3.30% (2024-2032) According to the latest report by IMARC Group, the  UAE alcoholic drinks market size  is projected to grow at a CAGR of  3.30% from 2024 to 2032.  The market is expanding, driven by a growing expatriate population, tourism, and demand for premium beverages. UAE Alcoholic Drinks Market Trends and Drivers: The UAE alcoholic drinks market is experiencing growth, driven by the increasing demand for premium beverages and the expanding hospitality and tourism sectors. The UAE's diverse population, which includes a significant number of expatriates, has contributed to the strong demand for alcoholic beverages. Additionally, the presence of luxury hotels, restaurants, and entertainment venues catering to international tourists has boosted the consumption of various alcoholic drinks, including wine, spirits, a...

Middle East Logistics Market Overview Base Year:  2023 Historical Years:  2018-2023 Forecast Years:  2024-2032 Market Growth Rate:   5.80%  (2024-2032) The Middle East logistics market is characterized by its strategic geographic location, growing trade volumes, and investments in infrastructure development, making it a vital hub for regional and global supply chains. According to the latest report by IMARC Group, the market is projected to  grow at a CAGR of 5.80%  from 2024 to 2032. Middle East Logistics Market Trends : The Middle East market is driven by the region's strategic geographical position, which facilitates trade. Additionally, substantial investments in infrastructure development, particularly in ports, airports, and road networks, are improving the efficiency of logistics operations. Moreover, the expansion of e-commerce across the region is driving demand for robust logistics services. Furthermore, government initiat...

Saudi Arabia Motor Insurance Market Overview Base Year:  2023 Historical Years:  2018-2023 Forecast Years:  2024-2032 Market Growth Rate:   3.78%  (2024-2032)  The Saudi Arabia motor insurance market is growing steadily, driven by mandatory insurance regulations, increasing vehicle ownership, and rising awareness of insurance benefits. According to the latest report by IMARC Group, the market is projected to grow at a  CAGR of 3.78%  from 2024 to 2032. Request for a sample copy of this report:   https://www.imarcgroup.com/saudi-arabia-motor-insurance-market/requestsample Saudi Arabia Motor Insurance Market Trends: The Saudi Arabia market is primarily driven by the mandatory requirement for all vehicle owners to have insurance. In line with this, the rising disposable incomes, and an expanding middle class, is increasing the number of vehicles on the road, thereby augmenting the market demand. Additionally, enhanced road safety ...

GCC Real Estate Market Overview Market Statistics Base Year:  2023 Historical Years:  2018-2023 Forecast Years:  2024-2032 Market Growth Rate: 5.13%  (2024-2032) The GCC real estate market is expanding, driven by urbanization, economic diversification, government initiatives, and increased foreign investments. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of  5.13%   from 2024 to 2032 . GCC Real Estate Market Trends  and Drivers: The expanding urbanization, initiatives by government authorities, as well as the increasing foreign investment, are responsible for the growth of the GCC real estate market. Additionally, major economies such as the UAE and Saudi Arabia are implementing large-scale development projects aimed at boosting tourism, diversifying economies, and creating smart cities. Initiatives like Saudi Vision 2030 and Dubai’s Expo 2020 have played a crucial role in propelling the real estate sect...

Construction Market in GCC 2024: How Big is the GCC Construction Industry? The  GCC construction market size  reached  USD 140 Billion in 2023 . Looking forward, IMARC Group expects the market to reach  USD 219 Billion by 2032 , exhibiting a growth rate (CAGR) of  5.1% during ​2024-2032​ . The market is expanding due to large-scale infrastructure projects, government initiatives, and increased investments in sustainable developments. Market Statistics Base Year:  2023 Historical Years:  2018-2023 Forecast Years:  2024-2032 Market Size in  2023 :  USD 140 Billion Market Size in  2032 :  USD 219 Billion Market Growth Rate (CAGR)  2024-2032: 5.1% GCC Construction Market Trends and Drivers: A high investment in large-scale infrastructure projects as well as initiatives by government authorities aimed at economic diversification are the factors responsible for the...

Data Center Construction Market in GCC 2024: How Big is the GCC   Data Center Construction   Industry? The  GCC data center construction market size  is projected to exhibit a growth rate (CAGR) of  19.30% during 2024-2032 .  The market is growing rapidly, driven by digital transformation, increasing cloud adoption, and government initiatives. Market Statistics Base Year:  2023 Historical Years:  2018-2023 Forecast Years:  2024-2032 Market Growth Rate:   19.30%  (2024-2032) GCC Data Center Construction Market Trends and Drivers: The GCC data center construction market is being driven by the increasing demand for data and the need for advanced IT infrastructure. Key factors include regional initiatives like Vision 2030 and UAE Vision 2021, which prioritize digital transformation and smart city projects, fueling the need for state-of-the-art data centers. The growing adoption of cloud computing, big data analytics, and ...

GCC Construction Chemicals Market Overview Base Year:  2023 Historical Years:  2018-2023 Forecast Years:  2024-2032 Market Growth Rate:   4.80%  (2024-2032) The GCC construction chemicals market is growing due to infrastructure development, urbanization, and increasing demand for sustainable building materials. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of  4.80%   from 2024 to 2032. GCC Construction Chemicals Market Trends  and Drivers: The expanding construction activities, supported by large-scale infrastructure projects as well as initiatives by government authorities such as Vision 2030 and Vision 2021, are the factors responsible for the growth of the GCC construction chemicals market. These development plans focus on diversifying the economy and investing in modern infrastructure, including residential, commercial, and industrial projects, which boost the demand for construction chemicals. ...