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United Arab Emirates Luxury Goods Market Share

Statistics for the 2023 & 2024 United Arab Emirates Luxury Goods market share, created by Mordor Intelligence™ Industry Reports. United Arab Emirates Luxury Goods share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

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Market Share of United Arab Emirates Luxury Goods Industry

The UAE luxury goods market is highly competitive, with the presence of both global and domestic players. However, the global players, including Rolex SA, LVMH Moët Hennessy Louis Vuitton, Kering Group, Compagnie Financiere Richemont SA, and Chanel SA, show dominance over the market. Key players are now focusing on social media platforms and online distribution channels for online marketing and branding of their products, as the United Arab Emirates has the highest percentage of internet users who transact online. For instance, e-retailers specializing in luxury goods, such as Souq.com, Awok.com, Bloomingdale's Inc., and Elilhaam, have witnessed rapid growth in their annual revenues owing to an increase in the number of consumers shopping online. Online sales, especially during the pandemic, witnessed a boom due to social distancing norms and restrictions.

UAE Luxury Goods Market Leaders

  1. Rolex SA

  2. Kering Group

  3. Chanel SA

  4. LVMH Moët Hennessy Louis Vuitton

  5. Compagnie Financière Richemont S.A.

*Disclaimer: Major Players sorted in no particular order

UAE Luxury Goods Market Concentration

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UAE Luxury Goods Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)