GCC Luxury Watch Market to Grow at a CAGR of 17.6% during 2024-2032

Luxury Watch Market – GCC

Market Statistics

Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 17.6% (2024-2032)

The GCC luxury watch market is growing due to rising disposable incomes, increasing demand for high-end timepieces, and luxury lifestyle trends. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 17.6% from 2024 to 2032.

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GCC Luxury Watch Market Trends and Drivers:

  • Market Growth:
    • Driven by high disposable incomes and cultural emphasis on luxury and status symbols.
    • Strong appreciation for luxury items, especially premium watches, in GCC countries, particularly Saudi Arabia and the UAE.
  • Market Drivers:
    • Growing population of affluent individuals and expatriates viewing luxury timepieces as symbols of social status and achievement.
    • Increasing trend of gifting luxury watches for special occasions like weddings and corporate events.
  • Demand Trends:
    • Rising demand for exclusive, limited-edition, and custom-designed watches reflecting preference for uniqueness and exclusivity.
  • Key Trends:
    • Growing interest in smart luxury watches that blend traditional craftsmanship with advanced technology.
    • Attraction to timepieces offering luxury and functionality, such as health tracking and connectivity.
  • Sustainability Focus:
    • Emphasis on sustainable and ethical sourcing, with consumers becoming more aware of the social impact of their purchases.
    • Popularity of brands that prioritize sustainable practices and transparency.
  • Future Outlook:
    • Thriving tourism industry and luxury shopping destinations expected to continue driving market growth.

GCC Luxury Watch Market Outlook and Segmentation:

The report has segmented the market into the following categories:

Type Insights:

  • Analog Watch
  • Digital Watch

End User Insights:

  • Women
  • Men
  • Unisex

Distribution Channel Insights:

  • Online Stores
  • Offline Stores

Country Insights:

  • Saudi Arabia
  • UAE
  • Qatar
  • Oman
  • Kuwait
  • Bahrain

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Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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

UAE Online Food Delivery Market is Predicted to Grow at a CAGR of 10.70% by 2032

UAE Online Food Delivery Market Overview

Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 10.70% (2024-2032)

The UAE online food delivery market is rapidly growing, driven by increased internet usage, smartphone penetration, and changing consumer preferences. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 10.70% from 2024 to 2032.

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

UAE Online Food Delivery Market Trends and Drivers:

The UAE online food delivery market is thriving due to rapid urbanization and high disposable incomes. The widespread use of smartphones and increased internet access have made food delivery platforms more accessible. Busy lifestyles are driving demand for convenient food delivery, while the diverse expatriate community enhances culinary variety. Technological innovations, such as user-friendly mobile apps and AI-driven recommendations, are improving the customer experience. The emergence of cloud kitchens and collaborations between delivery platforms and local restaurants are expanding service offerings, with marketing strategies like discounts and loyalty programs playing a crucial role in customer attraction and retention.

Current trends include a rising interest in health-conscious eating, leading to more options for healthier menu choices and a broader market scope. The influx of expatriates and tourists is boosting demand for international cuisines. Integration with smart home devices and voice-activated assistants is opening new growth opportunities. Additionally, increased corporate use of catering services for meetings and events is generating additional business. Eco-friendly packaging and sustainable delivery practices are appealing to environmentally conscious consumers, expanding the customer base. Strategic investments and mergers are advancing technology and service quality, while cashless transactions and digital wallets are streamlining payments, encouraging more users to choose online food delivery services.

UAE Online Food Delivery Industry Segmentation:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest UAE online food delivery market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.

Platform Type Insights:

  • Mobile Applications
  • Websites

Business Model Insights:

  • Order Focused Food Delivery System
  • Logistics-based Food Delivery System
  • Full Service Food Delivery System

Payment Method Insights:

  • Online
  • Cash on Delivery

Regional Insights:

  • Dubai
  • Abu Dhabi
  • Sharjah
  • Others

Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=23528&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

Saudi Arabia Athleisure Market Research Report 2024-2032, Industry Growth, Share, Size and Forecast

Saudi Arabia Athleisure Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 3.12% (2024-2032)

The Saudi Arabia athleisure market is rapidly expanding, driven by a growing fitness-conscious population, increasing disposable income, and a shift towards casual yet stylish apparel. According to the latest report by IMARC Group, the market is projected to grow at a (CAGR) of 3.12% from 2024 to 2032.

Request for a sample copy of this report: https://www.imarcgroup.com/saudi-arabia-athleisure-market/requestsample

Saudi Arabia Athleisure Market Trends:

The Saudi Arabia market is primarily driven by a growing awareness of health and fitness among the population. In accordance with this, the increasing participation of women in sports and fitness activities, supported by government initiatives promoting gender inclusivity and public health, is also contributing to market growth. Furthermore, the rising youthful demographic, with a high proportion of fashion-conscious consumers, is impelling the market. The growing influence of social media and global fashion trends is encouraging local consumers for higher product adoption.

Additionally, the rapid expansion of the e-commerce sector is making athleisure products more accessible and providing an impetus to the market. Besides this, the ongoing shift towards casual workwear in the corporate environment is also promoting the market reach. Likewise, inflated disposable income and a focus on premium, high-quality products are enhancing the market appeal.

Saudi Arabia Athleisure Market Scope & Growth Analysis:

The scope of the market presents significant growth opportunities, driven by a combination of demographic trends, cultural shifts, and economic factors. With a young, tech-savvy population and a high penetration of social media, there is an increasing influence of global athleisure trends, which is expected to accelerate market growth. The government’s Vision 2030 initiative, aimed at diversifying the economy and promoting a healthier lifestyle, is encouraging further expansion of the market. The market scope is also broadening due to an increase in digital retail channels, allowing consumers greater access to a variety of products and brands. As local and international brands continue to innovate, offering products that blend functionality with fashion, the market is set to grow. As per market analysis, the growing preference for sustainable and eco-friendly products is providing an opportunity for athleisure brands to cater to the environmentally conscious consumer segment.

Saudi Arabia Athleisure Industry Segmentation:

The report has segmented the market into the following categories:

Type Insights:

  • Mass Athleisure
  • Premium Athleisure

Product Insights:

  • Yoga Apparels (Tops, Pants, Unitards, Capris, Others)
  • Shirts
  • Leggings
  • Shorts
  • Others

Distribution Channel Insights:

  • Online
  • Offline

End User Insights:

  • Men
  • Women
  • Children

Regional Insights:

  • Northern and Central Region
  • Western Region
  • Eastern Region
  • Southern Region

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.

Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=20876&flag=E

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

Africa Tobacco Products Market Expected to Grow at a CAGR of 4.3% during 2024-2032

Africa Tobacco Products Market Overview

Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 4.3% (2024-2032)

According to the latest report by IMARC Group, the Africa tobacco products market size is projected to grow at a CAGR of 4.3% from 2024 to 2032. The market is expanding due to increasing consumption, urbanization, and rising disposable incomes across the continent.

Africa Tobacco Products Market Trends and Drivers:

The growth of the Africa tobacco products market is fueled by a combination of factors including population growth, economic development, and cultural reasons. Rising demand, particularly among younger demographics, contributes to this expansion. Economic development has increased disposable incomes, enabling more individuals to purchase tobacco products. Cultural norms and social practices in certain regions also sustain demand. Despite global health campaigns against smoking, tobacco companies are investing in marketing strategies tailored to African markets, focusing on affordability and accessibility to attract new users.

Key trends in the Africa tobacco products market include the rising consumption of smokeless tobacco and the emergence of alternative products like e-cigarettes and heated tobacco products, which are gaining popularity among younger consumers seeking different experiences and perceived lower health risks. Additionally, there is an increasing regulation and taxation of tobacco products by governments aiming to curb tobacco use and address public health concerns, though the enforcement of these regulations varies across the continent, impacting the market differently in each country. Growing awareness and advocacy for smoking cessation programs and anti-tobacco campaigns driven by international health organizations and local NGOs are also anticipated to influence the market over the forecast period.

Request for a sample copy of this report: https://www.imarcgroup.com/africa-tobacco-products-market/requestsample

Africa Tobacco Products Industry Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

  • Oriental
  • Flue Cured
  • Burley
  • Others

Breakup by Application:

  • Cigarette
  • Hookah
  • E-Cigarettes
  • Cigars and Cigarillos
  • Pipe Tobacco
  • Chewing Tobacco
  • Others

Breakup by Gender:

  • Men
  • Women

Breakup by Age Group:

  • Below 18 years
  • 18-34 years
  • 35-54 years
  • Above 55 years

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Tobacconist
  • Online Stores
  • Others

Breakup by Country:

  • South Africa
  • Nigeria
  • Morocco
  • Malawi
  • Zambia
  • Zimbabwe
  • Rest of Africa

Ask Analyst for Customizationhttps://www.imarcgroup.com/request?type=report&id=3273&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. Some of the key players are British American Tobacco Services South Africa (Pty) Ltd. (British American Tobacco Plc), CarniLinx (Pty) Ltd (Carnilinx Tobacco Company), Folha Manufactures (Pty) Ltd., Gold Leaf Tobacco Corporation (Pty) Ltd., Home of Cut Rag (Pty) Ltd., Imperial Brands Plc, Japan Tobacco Inc., Philip Morris South Africa (Pty) Ltd. (Philip Morris International Inc.), Savanna Tobacco and United Tobacco Group (Pty) Ltd.

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

UAE Home Decor Market Expected to Rise at a CAGR of 5.10% during 2024-2032

UAE Home Decor Market Overview 

Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 5.10% (2024-2032)

According to the latest report by IMARC Group, the UAE home decor market size is projected to grow at a CAGR of 5.10% from 2024 to 2032. The market is growing rapidly due to urbanization, rising incomes, personalized decor trends, and smart home technologies.

UAE Home Decor Market Trends and Drivers:

The UAE home decor market is experiencing rapid growth, driven by increased urbanization and rising disposable incomes. The thriving real estate sector, characterized by substantial residential and commercial developments, is boosting the demand for home design products. Additionally, growing consumer interest in interior design, influenced by social media and home decor shows, is further expanding the market. The trend towards personalized and customized decor is gaining momentum, prompting businesses to offer bespoke products. Moreover, the flourishing tourism and hospitality industry is contributing to the demand for luxurious and visually appealing decor in hotels and resorts.

Key trends in the UAE home decor market include the adoption of smart home technologies, such as IoT-integrated smart lighting and automated window treatments, which enhance both functionality and aesthetic appeal. Sustainability is becoming a significant focus, with consumers increasingly opting for eco-friendly decor made from recycled materials. E-commerce platforms play a crucial role in providing access to a diverse range of home decor products and international brands, which is expected to drive the continued growth of the UAE home decor market in the coming years.

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

UAE Home Decor Industry Segmentation:

The report has segmented the market into the following categories:

Product Type Insights:

  • Home Furniture
  • Home Textiles
  • Flooring
  • Wall Decor
  • Lighting
  • Others

Distribution Channel Insights:

  • Home Decor Stores
  • Supermarkets and Hypermarkets
  • Online Store
  • Gift Shops
  • Others

Region Insights: 

  • Dubai
  • Abu Dhabi
  • Sharjah
  • Others

Ask Analyst for Customizationhttps://www.imarcgroup.com/request?type=report&id=23503&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 leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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