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Online Retailing Driving the UAE Retail Industry
Jun 06, 2011
According to our latest report “UAE Retail Industry Analysis”, the UAE is fast emerging as the most attractive retail destination worldwide on its concrete fundamentals of strong economy, growing middle class population, surging consumer confidence, and increasing domestic consumption. Moreover, with the surging public & private sector consumption, favorable government support, rising purchasing power, and strong consumer confidence, the retail industry is expected to surge at a CAGR of around 8% during 2011-2014.
As per our findings, consumer spending using internet has been increasing and reached US$ 20 Million in 2009. Moreover, over 40% of people shopped online for various items ranging from apparel and accessories to electronics, insurance, and groceries in 2010. Besides, the UAE secured second rank in the presence of international retailers in its retail market during the same period. And the country’s top most city, Dubai has been ranked number one in terms of international retailers presence in 2011 sharing the rank with London. Fast inflow of foreign retailers is fuelling growth in the shopping mall retail area development.
Our report is an outcome of extensive research and thorough analysis of the UAE retail industry. It facilitates statistics and analysis of all prominent market segments, like food and non–food to provide a deep and informative understanding of the market. The future growth areas discussed in the report helps to analyze the emerging market segments for players.
Our report “UAE Retail Industry Analysis” comprises thorough research and in-depth analysis of the retail sector. Detail data and qualitative analysis will help clients in evaluating the leading-edge opportunities critical for the success of retail market. Our research report provides a detail analysis of the UAE retail sector along with its future outlook till 2014.
Further, it has included information on retail formats and opportunities & challenges critical for the success of the UAE retail market. The forecasts provided in the report are based on the correlation of past market trends, statistical analysis, and industry drivers, and provides a direction to clients, in which, the industry is likely to proceed in future. It will also help clients in identifying the potential growth of the UAE retail industry.
For more information visit: http://www.rncos.com/Report/IM330.htm
For more information visit: http://www.rncos.com/Report/IM330.htm
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