Luxury Goods in the United Arab Emirates

 Published On: Feb, 2018 |    No of Pages: 66 |  Published By: Euromonitor | Format: PDF
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Luxury goods in the United Arab Emirates continued to witness slow growth due to the challenge of adjusting to local and global economic pressures starting in the year 2016. The luxury goods industry was reportedly one of the worst hit markets as shaken consumer confidence led to decreased demand, for which the supply needed to be adjusted. Compared to the year 2016 the first half of 2017 did see some deceleration in the growth slowdown. Whilst tourist spends remained challenged, tourist flows c...

Luxury Goods in United Arab Emirates report offers a comprehensive guide to the size and shape of the Luxury Goods 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 Luxury Goods retailing along with the development of consumers shopping patterns. Forecasts to 2022 illustrate how the market is set to change

Product coverage: Designer Apparel and Footwear (Ready-to-Wear), Fine Wines/Champagne and Spirits, Luxury Cars, Luxury Eyewear, Luxury Hotels (5-star plus), Luxury Jewellery, Luxury Leather Goods, Luxury Portable Consumer Electronics, Luxury Timepieces, 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 Luxury Goods market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the markets major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.

LUXURY GOODS IN THE UNITED ARAB EMIRATES

Executive Summary
Value Growth of Luxury Goods Is Slow But Marginally Positive in 2017
Consumer Confidence Hit by High Costs
Intensified Competition Affects Product-pricing Strategies
Consumers Become Accustomed To Shopping Online
Growth of Luxury Goods Set To Slow Down As Market Matures
Market Indicators
Table 1 Number of High Net Worth Individuals (HNWI): 2012-2017
Market Data
Table 2 Sales of Luxury Goods by Category: Value 2012-2017
Table 3 Sales of Luxury Goods by Category: % Value Growth 2012-2017
Table 4 Inbound Receipts for Luxury Goods by Country of Origin: Value 2013-2017
Table 5 NBO Company Shares of Luxury Goods: % Value 2012-2016
Table 6 LBN Brand Shares of Luxury Goods: % Value 2013-2016
Table 7 Distribution of Luxury Goods by Format and Category: % Value 2017
Table 8 Forecast Sales of Luxury Goods by Category: Value 2017-2022
Table 9 Forecast Sales of Luxury Goods by Category: % Value Growth 2017-2022
Sources
Summary 1 Research Sources
Headlines
Prospects
Global Trends Influence Designer Apparel and Footwear
Sales Decline Due To Lower Demand
Economic Uncertainty and Vat To Hit Sales
Competitive Landscape
International Brands Dominate Highly Fragmented Category
Local Partnerships Within Designer Apparel and Footwear Remain Common
Whilst Internet Retailing Grows, Single-brand Stores Will Maintain the Most Appeal
Category Data
Table 10 Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: Value 2012-2017
Table 11 Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: % Value Growth 2012-2017
Table 12 NBO Company Shares of Designer Apparel and Footwear (Ready-to-Wear): % Value 2012-2016
Table 13 LBN Brand Shares of Designer Apparel and Footwear (Ready-to-Wear): % Value 2013-2016
Table 14 Distribution of Designer Apparel and Footwear (Ready-to-Wear) by Format: % Value 2012-2017
Table 15 Forecast Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: Value 2017-2022
Table 16 Forecast Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: % Value Growth 2017-2022
Headlines
Prospects
High On-trade Consumption Limits Growth To Single Digits in the United Arab Emirates
Alcoholic Drinks' Exemption From Excise Tax, Vat Contributes To Positive Growth
Off-trade Distribution Is Restricted To Licensed Outlets
Competitive Landscape
International Players and On-trade Sales Dominate
Limited Promotions for Fine Wines/champagne and Spirits
Category Data
Table 17 Sales of Fine Wines/Champagne and Spirits by Category: Value 2012-2017
Table 18 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2012-2017
Table 19 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2012-2016
Table 20 LBN Brand Shares of Fine Wines/Champagne and Spirits: % Value 2013-2016
Table 21 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2012-2017
Table 22 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2017-2022
Table 23 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2017-2022
Headlines
Prospects
Lower Demand Forces Supply and Price Adjustments
Eco-friendly Cars To Become the Norm
Vat Adjustment To Influence Consumer Demand for Big Ticket Items
Competitive Landscape
International Players Lead in Luxury Cars
Competition Intensifies As Supply and Demand Correction Takes Place
Category Data
Table 24 Sales of Luxury Cars: Value 2012-2017
Table 25 Sales of Luxury Cars: % Value Growth 2012-2017
Table 26 NBO Company Shares of Luxury Cars: % Value 2012-2016
Table 27 LBN Brand Shares of Luxury Cars: % Value 2013-2016
Table 28 Forecast Sales of Luxury Cars: Value 2017-2022
Table 29 Forecast Sales of Luxury Cars: % Value Growth 2017-2022
Headlines
Prospects
Retailers Focus on Promotional Offers for Luxury Eyewear
Consumers Prefer Buying Luxury Eyewear Due To Its Affordability and As A Status Symbol
Competitive Landscape
Luxottica Group Maintains Category Dominance With Array of Well-known Brands
Promotions To Meet Pricing and Services Offered in Western Countries Will Remain Prevalent
Category Data
Table 30 Sales of Luxury Eyewear by Category: Value 2012-2017
Table 31 Sales of Luxury Eyewear by Category: % Value Growth 2012-2017
Table 32 NBO Company Shares of Luxury Eyewear: % Value 2012-2016
Table 33 LBN Brand Shares of Luxury Eyewear: % Value 2013-2016
Table 34 Distribution of Luxury Eyewear by Format: % Value 2012-2017
Table 35 Forecast Sales of Luxury Eyewear by Category: Value 2017-2022
Table 36 Forecast Sales of Luxury Eyewear by Category: % Value Growth 2017-2022
Headlines
Prospects
Increased Tourism Flows Contribute To Growth
Attractive Offers Further Entice Guests
Competitive Landscape
Dubai Holding, Marriott International Lead With Expansion and A Merger
Competition To Intensify As New Hotels Open in the United Arab Emirates
Category Data
Table 37 Sales in Luxury Hotels (5-star plus): Value 2012-2017
Table 38 Sales in Luxury Hotels (5-star plus): % Value Growth 2012-2017
Table 39 Sales in Luxury Hotels (5-star plus) by Country of Origin: % Value 2013-2017
Table 40 NBO Company Shares of Luxury Hotels (5-star plus): % Value 2012-2016
Table 41 LBN Brand Shares of Luxury Hotels (5-star plus): % Value 2013-2016
Table 42 Forecast Sales in Luxury Hotels (5-star plus): Value 2017-2022
Table 43 Forecast Sales in Luxury Hotels (5-star plus): % Value Growth 2017-2022
Headlines
Prospects
Declining Prices for Gold and Upcoming Vat Lead To A Tough Time for Luxury Jewellery
Luxury Costume Jewellery Outperforms Luxury Fine Jewellery
Competitive Landscape
Well-established International Brands Lead Within Luxury Jewellery But Face Fierce Competition From Non-luxury Jewellery Brands
Combination of Brand Image and Competitive Pricing Key To Success
Category Data
Table 44 Sales of Luxury Jewellery by Category: Value 2012-2017
Table 45 Sales of Luxury Jewellery by Category: % Value Growth 2012-2017
Table 46 NBO Company Shares of Luxury Jewellery: % Value 2012-2016
Table 47 LBN Brand Shares of Luxury Jewellery: % Value 2013-2016
Table 48 Distribution of Luxury Jewellery by Format: % Value 2012-2017
Table 49 Forecast Sales of Luxury Jewellery by Category: Value 2017-2022
Table 50 Forecast Sales of Luxury Jewellery by Category: % Value Growth 2017-2022
Headlines
Prospects
Economic Uncertainty and High Prices Lead To Reduced Demand
Low Consumer Confidence and Vat To Limit Value Growth
Personalised Luxury Leather Goods Attract Consumers' Interest
Competitive Landscape
Luxury Leather Goods Dominated by Well-known Brands
Internet Promotional Campaigns Essential To Cater To the Younger Generation
Category Data
Table 51 Sales of Luxury Leather Goods: Value 2012-2017
Table 52 Sales of Luxury Leather Goods: % Value Growth 2012-2017
Table 53 NBO Company Shares of Luxury Leather Goods: % Value 2012-2016
Table 54 LBN Brand Shares of Luxury Leather Goods: % Value 2013-2016
Table 55 Distribution of Luxury Leather Goods by Format: % Value 2012-2017
Table 56 Forecast Sales of Luxury Leather Goods: Value 2017-2022
Table 57 Forecast Sales of Luxury Leather Goods: % Value Growth 2017-2022
Headlines
Prospects
Luxury Portable Electronics Sees Major Decline in Growth Due To Limited Existence of Products
Non-luxury Portable Electronics Products Will Keep Demand for Luxury Portable Electronics Low
Competitive Landscape
Collaboration of Non-luxury Brands With Luxury Brands Show Better Signs of Survival
Competition for Luxury Portable Consumer Electronics Remains Limited
Category Data
Table 58 Sales of Luxury Portable Consumer Electronics by Category: Value 2012-2017
Table 59 Sales of Luxury Portable Consumer Electronics by Category: % Value Growth 2012-2017
Table 60 NBO Company Shares of Luxury Portable Consumer Electronics: % Value 2012-2016
Table 61 LBN Brand Shares of Luxury Portable Consumer Electronics: % Value 2013-2016
Table 62 Distribution of Luxury Portable Consumer Electronics by Format: % Value 2012-2017
Table 63 Forecast Sales of Luxury Portable Consumer Electronics by Category: Value 2017-2022
Table 64 Forecast Sales of Luxury Portable Consumer Electronics by Category: % Value Growth 2017-2022
Headlines
Prospects
Reduced Frequency of Purchase Leads To Decline for Luxury Timepieces
Internet Retailing Increases Its Presence Amongst Dominating Store-based Retailers
Competitive Landscape
Rolex Continues To Lead Luxury Timepieces in the United Arab Emirates
Luxury Timepieces Witnesses Stiff Competition From Luxury Wearables
Category Data
Table 65 Sales of Luxury Timepieces by Category: Value 2012-2017
Table 66 Sales of Luxury Timepieces by Category: % Value Growth 2012-2017
Table 67 NBO Company Shares of Luxury Timepieces: % Value 2012-2016
Table 68 LBN Brand Shares of Luxury Timepieces: % Value 2013-2016
Table 69 Distribution of Luxury Timepieces by Format: % Value 2012-2017
Table 70 Forecast Sales of Luxury Timepieces by Category: Value 2017-2022
Table 71 Forecast Sales of Luxury Timepieces by Category: % Value Growth 2017-2022
Headlines
Prospects
Digitalisation Leads To Low Replacement Rates
Competition From Technology-driven Substitutes Means Gloomy Prospects for Writing Instruments and Stationery
Non-grocery Specialists Dominates Whilst Internet Retailing Witnesses Fastest Growth
Competitive Landscape
Leading Heritage Brands Maintain Their Shares
Montegrappa Makes the Most of Its Limited Edition Pens
Luxury Writing Instruments and Stationery Brands Focus on Other Categories
Category Data
Table 72 Sales of Luxury Writing Instruments and Stationery: Value 2012-2017
Table 73 Sales of Luxury Writing Instruments and Stationery: % Value Growth 2012-2017
Table 74 NBO Company Shares of Luxury Writing Instruments and Stationery: % Value 2012-2016
Table 75 LBN Brand Shares of Luxury Writing Instruments and Stationery: % Value 2013-2016
Table 76 Distribution of Luxury Writing Instruments and Stationery by Format: % Value 2012-2017
Table 77 Forecast Sales of Luxury Writing Instruments and Stationery: Value 2017-2022
Table 78 Forecast Sales of Luxury Writing Instruments and Stationery: % Value Growth 2017-2022
Headlines
Prospects
Premium Brands Strongly Compete With Super Premium Brands
Grassroots Marketing Techniques Become Key To Attracting Consumers
Social Media, E-commerce Set To Drive Sales in Forecast Period
Competitive Landscape
Heritage Luxury Brands Face Competition From Younger Brands
Chanel and Dior Maintain Leading Positions in Spite of the Challenges
Competition From Non-beauty Luxury Brands Also Increases
Category Data
Table 79 Sales of Super Premium Beauty and Personal Care by Category: Value 2012-2017
Table 80 Sales of Super Premium Beauty and Personal Care by Category: % Value Growth 2012-2017
Table 81 NBO Company Shares of Super Premium Beauty and Personal Care: % Value 2012-2016
Table 82 LBN Brand Shares of Super Premium Beauty and Personal Care: % Value 2013-2016
Table 83 Distribution of Super Premium Beauty and Personal Care by Format: % Value 2012-2017
Table 84 Forecast Sales of Super Premium Beauty and Personal Care by Category: Value 2017-2022
Table 85 Forecast Sales of Super Premium Beauty and Personal Care by Category: % Value Growth 2017-2022

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