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Personal Luxury in the United Arab Emirates

October 2023 | 26 pages | ID: PB71C2C8BFAEN
Euromonitor International Ltd

US$ 990.00

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Personal luxury retail value sales rose by 7% in 2023 to total AED23.3 billion, with growth supported by leading brand owners, such as Richemont (Dubai) FZE. In 2023, retail value sales growth was boosted by consumers investing in luxury goods, such as designer apparel and footwear (ready-to-wear) and luxury timepieces, as alternative asset options. The idea that many of these goods can be used to generate additional money via rental platforms has added another dimension to their appeal. As a re...

Euromonitor International's Personal Luxury in United Arab Emirates report offers a comprehensive guide to the size and shape of the Personal Luxury market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Personal Luxury retailing along with the development of consumers’ shopping patterns. Forecasts to 2027 illustrate how the market is set to change

Product coverage: Designer Apparel and Footwear (Ready-to-Wear), Luxury Eyewear, Luxury Jewellery, Luxury Leather Goods, Luxury Timepieces, Luxury Wearables Electronics, Luxury Writing Instruments and Stationery, Super Premium Beauty and Personal Care.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
  • Get a detailed picture of the Personal Luxury market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.
Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.
PERSONAL LUXURY IN THE UNITED ARAB EMIRATES
KEY DATA FINDINGS
2023 DEVELOPMENTS
Personal luxury sees a rise in current retail value sales in 2023
Designer apparel (ready-to-wear) dominates designer apparel and footwear (ready-to-wear)
Luxury eyewear sees increase in value sales
Retail value sales of luxury jewellery increase in 2023
Luxury leather goods sees positive value growth in 2023
Luxury wearables electronics sees value sales increase in 2023
Luxury timepieces sees rising value sales
Value sales of writing instruments and stationery on the rise in 2023
Value sales of super premium beauty and personal care on the rise
Richemont (Dubai) FZE holds the lead in personal luxury in 2022
PROSPECTS AND OPPORTUNITIES
Lower threshold for CBT
Value sales are expected to rise in 2023 constant terms over the forecast period
Luxury timepieces is set to become the main category in value sales terms in the forecast period
Luxury wearables electronics to see the fastest percentage growth over the forecast period
Luxury resale on the rise alongside sustainability and life cycle concerns
CATEGORY DATA
Table 1 Sales of Personal Luxury by Category: Value 2018-2023
Table 2 Sales of Personal Luxury by Category: % Value Growth 2018-2023
Table 3 NBO Company Shares of Personal Luxury: % Value 2018-2023
Table 4 LBN Brand Shares of Personal Luxury: % Value 2019-2023
Table 5 Distribution of Personal Luxury by Format: % Value 2018-2023
Table 6 Forecast Sales of Personal Luxury by Category: Value 2023-2028
Table 7 Forecast Sales of Personal Luxury by Category: % Value Growth 2023-2028
LUXURY GOODS IN THE UNITED ARAB EMIRATES
EXECUTIVE SUMMARY
Luxury goods in 2023: The big picture
2023 key trends
Competitive landscape
Retailing developments
What next for luxury goods?
MARKET DATA
Table 8 Sales of Luxury Goods by Category: Value 2018-2023
Table 9 Sales of Luxury Goods by Category: % Value Growth 2018-2023
Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2018-2023
Table 11 NBO Company Shares of Luxury Goods: % Value 2018-2023
Table 12 LBN Brand Shares of Luxury Goods: % Value 2019-2023
Table 13 Distribution of Luxury Goods by Format and Category: % Value 2023
Table 14 Forecast Sales of Luxury Goods by Category: Value 2023-2028
Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
Summary 1 Research Sources


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