Luxury Goods Retailing in Middle East and Africa, 2014-2019

Luxury Goods Retailing in Middle East and Africa, 2014-2019
Vente au détail
Septembre 2015
Type de Produit
Market Report
Description du rapport

Luxury goods retail sales in the Middle East and Africa (MEA) are expected to remain strong, growing at a CAGR of 7.2% during the forecast period. The rising middle class population, surging purchasing power, better educated young millennials, and government initiatives to boost tourism are driving growth in the region. New luxurious spaces such as the Boulevard Mall in Jeddah, Saudi Arabia and the Sandton Diamond Walk in Johannesburg, South Africa have created new high-end retail avenues for brands to expand and enter these countries. Likewise, a mega-store by the Chalhoub group in Abu Dhabi, Saudi Arabia, and the Azrieli Sarona upscale mall in Israel, are planned to open in late 2015 and 2017 respectively, which will further drive more luxury players in the region.

Key Findings

- The luxury goods market in the Middle East and Africa will experience the fastest growth worldwide, growing at a CAGR of 7.2% during 2014-2019, despite conservative shopping behavior expected from oil expo

Table des matières

Executive Summary

Highlighting the key findings in the report and the region

Middle East and Africa (MEA) region analysis

Retail sales of luxury goods in MEA 2009, 2014, 2019

Luxury goods retail market share by country, 2014 and 2019

Luxury goods retail markets by country, 2014 and 2019

Growth of luxury goods retail markets, CAGR 2014-2019

Luxury goods retail markets by increase in value, 2014-2019

Largest categories - total luxury retail sales, 2014 and 2019 (US$ bn)

Luxury goods share of retail sales by country, 2014 and 2019

Luxury retail sales by country in each category, 2014 and 2019

Fastest growing categories, CAGR 2014-2019

Luxury retail sales growth by country in each category, CAGR 2014-2019

Top three largest and fastest growing categories per country

Luxury goods share of retail sales by category in each country, 2014 and 2019

Other key info

Market shares of major luxury goods retailers in the region

Description of each of the major players and their key financials and latest developments

Case Study - Kering

Snippets of key findings

UAE will continue to maintain its leadership in 2019

Luxury retail expenditure in Middle East and Africa set to increase in value by US$4.6 bn in 2014-2019

Luxury clothing retail sales are expected to grow at a modest pace of 7.6% during the forecast period, driven by the increasing number of fashion events organized in the region, increasing brand awareness among consumers, the rising influx of international brands, and the growth of domestic luxury fashion designers.

Description de l'éditeur

About Conlumino

Conlumino publishes a select range of analytical research covering a number of different sectors and issues. All of our published analysis provides an in-depth, expert understanding of markets, retailers, consumers and key issues. Moreover, it is always action focused so as well as helping you to understand what’s going on, it helps you to make better business decisions.

We work with many of the world’s leading retailers, property firms and those in the financial sector to help them maximize success through developing a thorough understanding of the sector and its likely future performance.


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                 Sunil Sethia ssethia@globaldata.com