Saudi Arabia Luxury Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

$ 1999
   Buy Now


10% Free customization


   Request Sample
   Request Brochure
   Ask An Analyst
   Request Customization

The Saudi Arabia luxury market reached a value of US$ 13.5 Billion in 2017. Looking forward, the market value is further expected to reach US$ 20.8 Billion by 2023, exhibiting a CAGR of 7.5% during 2017-2023. With its huge oil wealth, Saudi Arabia represents a nation having one of the highest concentrations of super rich households across the globe. Driven by rising income levels, the country’s luxury market has been exhibiting a continuous growth. Saudi Arabia has also witnessed strong population growth with the country’s population increasing by nearly 30% over the last decade. Moreover, more than half of the total population in the country is below 25 years of age. With this generation of the population being brought up during has the country’s economic rise, they consider luxury not given but as a gift. It is the country’s young population that represents the biggest catalyst of the luxury market. Moreover, infrastructure development, strong growth of the e-commerce industry, increasing internet penetration, and growing travel and tourism sector in Saudi Arabia are further expected to bolster the luxury market in the country. 

Market Summary:

  • Based on the category, the market has been segmented into travel and hotels, cars, personal luxury goods, food and drinks, and others. Currently, travel and hotels dominate this market followed by cars, personal luxury goods, and, food and drinks.
  • On the basis of gender, the market has been segmented into males and females. Males currently account for the largest share in this market.
  • Based on the distribution channel, the Saudi Arabia luxury market has been segmented into mono-brand stores, multi-brand stores, online stores and others.


This report provides a deep insight into the Saudi Arabia luxury market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Saudi Arabia luxury industry in any manner.

Key Questions Answered in This Report:

  • How has the Saudi Arabia luxury market performed so far and how will it perform in the coming years?
  • What is the share of various categories in the Saudi Arabia luxury market?
  • What is the breakup of males and females in the Saudi Arabia luxury market?
  • What is the breakup of the Saudi Arabia luxury market on the basis of distribution channels?
  • What is the value chain of the Saudi Arabia luxury industry?
  • What are the key driving factors and challenges in the Saudi Arabia luxury industry?
  • What is the competitive structure of the Saudi Arabia luxury industry and who are the key players?
  • What is the degree of competition in the Saudi Arabia luxury industry?

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Saudi Arabia Luxury Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Category
    5.4    Market Breakup by Gender
    5.5    Market Breakup by Distribution Channel
    5.6    Market Forecast
    5.7    SWOT Analysis
        5.7.1    Overview
        5.7.2    Strengths
        5.7.3    Weaknesses
        5.7.4    Opportunities
        5.7.5    Threats
    5.8    Value Chain Analysis
        5.8.1    Overview
        5.8.2    Research and Development
        5.8.3    Component Manufacturing
        5.8.4    Assembling
        5.8.5    Distribution
        5.8.6    End-Use Industries
        5.8.7    Retailer
        5.8.8    Consumer
    5.9    Porters Five Forces Analysis
        5.9.1    Overview
        5.9.2    Bargaining Power of Buyers
        5.9.3    Bargaining Power of Suppliers
        5.9.4    Degree of Competition
        5.9.5    Threat of New Entrants
        5.9.6    Threat of Substitutes
    5.9    Price Analysis
6    Market Performance by Category
    6.1    Travel and Hotel
    6.2    Cars
    6.3    Personal Luxury Goods
    6.4    Food and Drinks
    6.5    Others
7    Market Performance by Gender
    7.1    Male
    7.2    Female
8    Market Performance by Distribution Channel
    8.1    Monobrand Stores
    8.2    Multibrand Stores
    8.3    Online
    8.4    Others
9    Competitive Landscape 
    9.1    Market Structure 
    9.2    Key Players 
    9.3    Profiles of Key Players 

 

 
List of Figures

Figure 1: Saudi Arabia: Luxury Market: Major Drivers and Challenges
Figure 2: Saudi Arabia: Luxury Market: Sales Value (in US$ Billion), 2010-2017
Figure 3: Saudi Arabia: Luxury Market: Breakup by Category (in %), 2017
Figure 4: Saudi Arabia: Luxury Market: Breakup by Gender (in %), 2017
Figure 5: Saudi Arabia: Luxury Market: Breakup by Distribution Channel (in %), 2017
Figure 6: Saudi Arabia: Luxury Market Forecast: Value Trends (in US$ Billion), 2018-2023
Figure 7: Saudi Arabia: Luxury Industry: SWOT Analysis
Figure 8: Saudi Arabia: Luxury Industry: Value Chain Analysis
Figure 9: Saudi Arabia: Luxury Industry: Porter’s Five Forces Analysis
Figure 10: Saudi Arabia: Luxury Market (Travel and Hotel): Sales Value (in US$ Million), 2010, 2017 & 2023
Figure 11: Saudi Arabia: Luxury Market (Cars): Sales Value (in US$ Million), 2010, 2017 & 2023
Figure 12: Saudi Arabia: Luxury Market (Personal Luxury Goods): Sales Value (in US$ Million), 2010, 2017 & 2023
Figure 13: Saudi Arabia: Luxury Market (Food and Drinks): Sales Value (in US$ Million), 2010, 2017 & 2023
Figure 14: Saudi Arabia: Luxury Market (Other Cateogories): Sales Value (in US$ Million), 2010, 2017 & 2023
Figure 15: Saudi Arabia: Luxury Market (Males): Sales Value (in US$ Million), 2010, 2017 & 2023
Figure 16: Saudi Arabia: Luxury Market (Females): Sales Value (in US$ Million), 2010, 2017 & 2023
Figure 17: Saudi Arabia: Luxury Market (Mono-Brand Stores): Sales Value (in US$ Million), 2010, 2017 & 2023
Figure 18: Saudi Arabia: Luxury Market (Multi-brand Stores): Sales Value (in US$ Million), 2010, 2017 & 2023
Figure 19: Saudi Arabia: Luxury Market (Online Sales): Sales Value (in US$ Million), 2010, 2017 & 2023
Figure 20: Saudi Arabia: Luxury Market (Other Distribution Channels): Sales Value (in US$ Million), 2010, 2017 & 2023

 
List of Tables

Table 1: Saudi Arabia: Luxury Market: Key Industry Highlights, 2017 and 2023
Table 2: Saudi Arabia: Luxury Market Forecast: Breakup by Category (in US$ Million), 2018-2023
Table 3: Saudi Arabia: Luxury Market Forecast: Breakup by Gender (in US$ Million), 2018-2023
Table 4: Saudi Arabia: Luxury Market Forecast: Breakup by Distribution Channel (in US$ Million), 2018-2023
Table 5: Saudi Arabia: Luxury Market: Competitive Structure
Table 6: Saudi Arabia: Luxury Market: Key Players


  Submit Request    

Note: We value your privacy and will never rent or sell your email address. Privacy policy

Special Prices

    IMARC provides special pricing for:

  • Academic Institutes
  • Government Agencies
  • Nonprofit Organizations
  • For more information, feel free to contact us.






Related Report

Laminated Veneer Lumber Market ( Custom Report)

Laminated Veneer Lumber Market ( Custom Report)