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The Saudi Arabia luxury market was valued at US$ 7.41 Billion in 2021.
We expect the Saudi Arabia luxury market to exhibit a CAGR of 11.72% during 2022-2027.
The advent of mono-luxury brand stores, along with the establishment of upscale malls, offering brands
with ample space to expand their operations, is primarily driving the Saudi Arabia luxury market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from
conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of
luxury products across Saudi Arabia.
Based on the distribution channel, the Saudi Arabia luxury market can be segmented into mono-brand
stores, multi-brand stores, online stores, and others. Currently, mono-brand stores hold the majority of
the total market share.
Based on the category, the Saudi Arabia luxury market has been divided into travel and hotel, cars,
personal luxury goods, food and drinks, and others. Among these, cars exhibit a clear dominance in the
Based on the gender, the Saudi Arabia luxury market can be categorized into male and female.
Currently, female accounts for the largest market share.
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