Middle East Luxury Watches Market Anticipated to Grow at a CAGR of 6.5% (2017-2025)
According to Goldstein Research, Middle East luxury watches market is expected to reach USD 510.0million by the end of 2025, growing at a CAGR of 6.5% over the forecast period, 2017-2025. In GCC countries nearly 70.0% of consumers claim to have increased their spending on luxury accessories, as compared to 53% in the more mature markets such as Europe, Japan, and the United States. Over the past few years, Middle East luxury watches industry has been through a period of expansion, as major companies have been expanding their presence in the region through strengthening distribution channel.
Based on distribution channel segmentation, online distribution channel segment is likely to grow at a faster pace than the offline channels during the forecast period. Middle East Luxury watches market is by large dominated by UAE with the market share of +30% in 2017. Whereas, the GCC countries are fastest growing markets owing to rising per capita expenditure over luxury goods.
Browse Full Report: https://www.goldsteinresearch.com/report/luxury-watches-market-middle-east
Market Segmentation
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 Analysis, 2016-2024
• United Arab Emirates (UAE) Luxury Watches Market Analysis, 2016-2024
• Qatar Luxury Watches Market Analysis, 2016-2024
• Oman Luxury Watches Market Analysis, 2016-2024
• Kuwait Luxury Watches Market Analysis, 2016-2024
• Bahrain Luxury Watches Market Analysis, 2016-2024
• Jordan Luxury Watches Market Analysis, 2016-2024
• Rest of Middle East Luxury Watches Market Analysis, 2016-2024
“Middle East Luxury Watches Market Outlook 2024” contains a detailed overview of the Middle East luxury watches market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type, end-users, distribution channel, and geography.
Download Exclusive Sample Report: https://www.goldsteinresearch.com/request-sample/luxury-watches-market-middle-east
The Middle East Luxury Watches Market Report highlights the in-depth analysis of the luxury watches market report that will help the clients to assess their business strategies as per the competitive environment in the market space. The competitive outlook of major Middle East players discussed in the Middle East luxury watches market report includes the business strategies, revenue distribution, financial analysis, product portfolio, R&D activities, and investments.
Major players of the Middle East luxury watches market discussed in the report are: Rolex SA, Prada S.p.A, LVMH, Richemont, Swatch Group, Omega SA, Franck Muller, Patek Philippe & Co., Giorgio Armani S.P.A., etc.
Further, Middle East Luxury Watches Market Report encompasses the major trends & opportunities, market dynamics and other growth factors of the market. The Luxury Watches Market outlook also comprises of key challenges, risk analysis, BPS analysis, SWOT Analysis, and Market Attractiveness. The report also states the expert analysis to provide the market overview including the PESTLE analysis of each region and country.
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 industry reports helping various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the rigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable for our clients’ needs and business agenda.
Contact for more Info:
Steve Blade
(Global Sales Head)
USA: + 1-646-568-7747
Canada: 1-437-886-1181
UK: +44-203-318-6627
sales@goldsteinresearch.com
www.goldsteinresearch.com
Browse Similar Report: Middle East Luxury Goods Market
Based on distribution channel segmentation, online distribution channel segment is likely to grow at a faster pace than the offline channels during the forecast period. Middle East Luxury watches market is by large dominated by UAE with the market share of +30% in 2017. Whereas, the GCC countries are fastest growing markets owing to rising per capita expenditure over luxury goods.
Browse Full Report: https://www.goldsteinresearch.com/report/luxury-watches-market-middle-east
Market Segmentation
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 Analysis, 2016-2024
• United Arab Emirates (UAE) Luxury Watches Market Analysis, 2016-2024
• Qatar Luxury Watches Market Analysis, 2016-2024
• Oman Luxury Watches Market Analysis, 2016-2024
• Kuwait Luxury Watches Market Analysis, 2016-2024
• Bahrain Luxury Watches Market Analysis, 2016-2024
• Jordan Luxury Watches Market Analysis, 2016-2024
• Rest of Middle East Luxury Watches Market Analysis, 2016-2024
“Middle East Luxury Watches Market Outlook 2024” contains a detailed overview of the Middle East luxury watches market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type, end-users, distribution channel, and geography.
Download Exclusive Sample Report: https://www.goldsteinresearch.com/request-sample/luxury-watches-market-middle-east
The Middle East Luxury Watches Market Report highlights the in-depth analysis of the luxury watches market report that will help the clients to assess their business strategies as per the competitive environment in the market space. The competitive outlook of major Middle East players discussed in the Middle East luxury watches market report includes the business strategies, revenue distribution, financial analysis, product portfolio, R&D activities, and investments.
Major players of the Middle East luxury watches market discussed in the report are: Rolex SA, Prada S.p.A, LVMH, Richemont, Swatch Group, Omega SA, Franck Muller, Patek Philippe & Co., Giorgio Armani S.P.A., etc.
Further, Middle East Luxury Watches Market Report encompasses the major trends & opportunities, market dynamics and other growth factors of the market. The Luxury Watches Market outlook also comprises of key challenges, risk analysis, BPS analysis, SWOT Analysis, and Market Attractiveness. The report also states the expert analysis to provide the market overview including the PESTLE analysis of each region and country.
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 industry reports helping various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the rigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable for our clients’ needs and business agenda.
Contact for more Info:
Steve Blade
(Global Sales Head)
USA: + 1-646-568-7747
Canada: 1-437-886-1181
UK: +44-203-318-6627
sales@goldsteinresearch.com
www.goldsteinresearch.com
Browse Similar Report: Middle East Luxury Goods Market