Middle East Luxury Watches Market to Grow at a CAGR of 6.5% (2017-2025)


Posted June 7, 2018 by Steveblade

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.

 
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.
Market Segmentation
On the basis of our in-depth analysis, Middle East Luxury Watches Market can be segmented as follows:
By Product Type
• Analog Watches
1. Quartz
2. Mechanical
• Digital/Smart Watches
By End Users
• Men
• Women
By Distribution Channels
• Online Channel
• Offline Channels (Flagship Stores Etc.)
By Country
• Kingdom of Saudi Arabia (KSA) Luxury Watches Market {Market Share (%), Market Size (USD million)}
• United Arab Emirates (UAE) Luxury Watches Market {Market Share (%), Market Size (USD million)}
• Qatar Luxury Watches Market {Market Share (%), Market Size (USD million)}
• Oman Luxury Watches Market {Market Share (%), Market Size (USD million)}
• Kuwait Luxury Watches Market {Market Share (%), Market Size (USD million)}
• Bahrain Luxury Watches Market {Market Share (%), Market Size (USD million)}
• Jordan Luxury Watches Market {Market Share (%), Market Size (USD million)}
• Rest of Middle East Luxury Watches Market {Market Share (%), Market Size (USD million)}
“Middle East Luxury Watches Market Outlook 2024” 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.
Download Exclusive Sample Report: https://www.goldsteinresearch.com/request-sample/luxury-watches-market-middle-east
About Goldstein Research
Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.
Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on consumer retail research reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.
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Issued By steve blade
Website Middle East Luxury Watches Market
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Last Updated June 7, 2018
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