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Middle East Luxury Watches Industry Analysis
Middle East Luxury Watches Market to Grow at a CAGR of 6.5% (2017-2025)
According to Goldstein Research, Middle East luxury watches market is expected to reach USD 510.0 million by the end of 2025, growing at a CAGR of 6.5% over the forecast period, 2017-2025. High disposable income of people in the region especially in GCC countries, where countries such as UAE and Saudi Arabia having the largest population and considerable number of tourists significantly augment the growth of luxury watches industry in the region. Middle East Luxury watches market segmentation has been done on the basis of product type, end-user, distribution channel and geography. Based on distribution channel type, offline channel segment accounted for the highest market share of more than 85% in 2017. Whereas, online distribution channel segment is likely to grow at faster pace during the forecast period. Middle East Luxury watches market is dominated by UAE with market share of more than 30% of Middle East luxury watches market in 2017. In Middle East GCC countries are fastest growing markets for luxury watches owing to highest per capita spending over luxury goods.
On the basis of our in-depth analysis, Middle East Luxury Watches Market can be segmented as follows:
By Product Type
- Analog Watches
- Digital/Smart Watches
By End Users
By Distribution Channels
- Online Channel
- Offline Channels (Flagship Stores Etc.)
- Kingdom of Saudi Arabia (KSA) Luxury Watches Market
- United Arab Emirates (UAE) Luxury Watches Market
- Qatar Luxury Watches Market
- Oman Luxury Watches Market
- Kuwait Luxury Watches Market
- Bahrain Luxury Watches Market
- Jordan Luxury Watches Market
“Middle East Luxury Watches Industry Analysis” contains detailed overview of the Middle East Luxury watches market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type, end-users and distribution channel.
Further, for the in-depth analysis, Middle-East luxury watches market report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Rolex SA, Prada S.p.A, LVMH, Richemont, Swatch Group, Omega SA, Franck Muller, Patek Philippe & Co., Giorgio Armani S.P.A., etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the Middle East Luxury watches market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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