Industry trends, share, size, growth report – mainlander.nz
According to the latest report from the IMARC group, entitled “GCC Personal Luxury Goods Market Trends: Industry, Share, Growth, Opportunity and Forecast 2021-2026 â, The GCC personal luxury goods market has shown moderate growth during the period 2015-2020 and is expected to recover from 2021 and grow at a CAGR of around 5% during (2021-2026).
Personal luxury goods include a wide variety of high-end and high-end items, such as clothing, watches, jewelry, cosmetics, bags, fashion accessories, etc. These branded products have premium materials, superior craftsmanship and high aesthetic value. They are generally very expensive and offer improved durability with an extended warranty period. In the GCC region, increasing globalization and increasing penetration of international luxury brands are driving the growth of the market.
Like the new coronavirus (COVID-19[FEMININE)[FEMININE) the crisis is taking hold of the world, we are constantly monitoring changes in the markets, as well as the industrial behavior of consumers around the world and our estimates on the latest trends and market forecasts are made after taking into account the impact of this pandemic.
GCC Personal Luxury Goods Market Trends:
Rising consumers’ standard of living and increasing levels of disposable income have increased the demand for personal luxury goods in the GCC region. In addition, the growing traction for western fashion trends as well as the growing population of working women is also catalyzing the demand for the products. The expanding tourism industry, particularly in Dubai and the United Arab Emirates, along with relaxed trade barriers with several developed countries, are further stimulating the market. On top of that, the growing popularity of limited capsule collections and fashion drops have also catalyzed the second-hand luxury goods market. In addition, the increasing expenditure of various platforms to authenticate proceedings through several innovative technologies aimed at mitigating the risk of product replication by counterfeiters is expected to further stimulate the GCC personal luxury goods market in the coming years.
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GCC Personal Luxury Products Market Analysis and Segmentation 2021-2026:
The competitive landscape of the market has been studied in the report along with the detailed profiles of the major players operating in the market.
Burberry Group PLC, Chanel SA, Estee Lauder Companies, Giorgio Armani SpA, Kering SA, Loreal, LVMH MoÃ«t Hennessy Louis Vuitton SE, Mulberry Group PLC, Prada Group, Cie FinanciÃ¨re Richemont SA, The Swatch Group and Versace.
The report has segmented the market on the basis of region, type, gender, and distribution channel.
Breakdown by country:
- Saudi Arabia
- United Arab Emirates
Breakdown by type:
- Watch & Jewelry
- Luxury cosmetics
Breakdown by sex:
Breakdown by distribution channel:
- Single-brand stores
- Specialty stores
- Department stores
- Online stores
Ask the analyst for a customization and explore the full report with table of contents and list of figures: https://bit.ly/3qhXrx6h
If you want the latest primary and secondary data (2021-2026) with cost module, business strategy, competitive landscape etc. Click request free sample report, the report will be emailed to you in PDF format within 24-48 hours after payment confirmation.
Related IMARC Group Reports:
Highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
The IMARC group is a leading market research company providing management strategies and market research worldwide. We partner with clients across industries and regions to identify their most exciting opportunities, address their most critical challenges and transform their businesses.
IMARC’s information products include key business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasting and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and new processing methods are at the top of the market. business expertise.
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