Retail Industry in GCC countries - Major trends, Growth and Opportunities (2017 - 2022)

The retail industry in GCC continues to maintain its momentum, driven by economic and social developments. Key factors in the growth of retail industry are robust economic growth, Increasing tourism, rising population, changing consumer trends, rising purchasing power and penetration of international players. Governments across the region are focusing on sectors like tourism and retail to bring economic diversification. Retail industry in the GCC region will expand at a CAGR of 7.1% over 2013-18.

Standing of UAE during the period is most optimistic, with an expected CAGR of 9.78% followed by Saudi Arabia with a CAGR of 7.1%. Other GCC nations are expected to register a CAGR of 6% ? 7%. Sales growth in Saudi Arabia, Qatar and Kuwait is likely to be strong. Food sales in GCC countries will grow at a CAGR of 7.7% whereas non-food sales will grow at 7%.

GCC retail sector is driven by rising disposable income and consumer confidence but due to the decrease in Crude prices in last year, we are expecting a downfall in GDP of all the GCC countries till 2016, after that it will again grow and becomes promising. Saudi Arabia retail market has become more robust after the entry of international retail chains. The Total number of retail outlets are around 40000 in 2013. Retail market is badly affected by low GDP per capita and high youth unemployment.

Liberal retail policies and removal of trade barriers and restrictions on foreign investment and linkage to World Trade Organization (WTO) are helping the retail sector growth in Saudi Arabia. Government of Saudi Arabia and UAE has made its policies liberal and ease in starting a business helped Saudi in becoming a large retail market investment destination.

What the report offers

The study elucidates the situation of GCC region and predicts the growth of its Retail Industry. Report talks about growth, market trends, progress, challenges, opportunities, technologies in use, growth forecast, major companies, upcoming companies and projects etc. in the Retail sector of GCC region. In addition to it, the report also talks about economic conditions of and future forecast of its current economic scenario and effect of its current policy changes in to its economy, reasons and implications on the growth of this sector. Lastly, the report is segmented by various types? Retail available in the country.

1. Introduction

1.1 Definition of the Market

1.2 Research Approach and Methodology

1.2.1 Introduction

1.2.2 Research Design

1.2.3 Study Phases

1.3 Scope of the Report

1.4 Regional Analysis

1.4.1 PESTLE Analysis

1.4.2 Analysis of Ease of Doing Business

2. Market Dynamics

2.1 Drivers

2.2 Restraints

2.3 Opportunities

2.4 Market Demand Analysis

2.4.1 Available Products Types (Segmentation)

2.4.2 Identification of Target Subsegments (Demand Estimation)

2.4.3 Socio-Economic Segmentation of Potential Consumers

2.4.4 Spending Patterns

2.5 Porter's Five Forces Analysis

2.5.1 Bargaining Power of Suppliers

2.5.2 Bargaining Power of Buyers

2.5.3 Threat of New Entrants

2.5.4 Threat of Substitute Products

2.5.5 Degree of Competition

2.6 Marketing and Product Placement Overview

2.6.1 Marketing Channels Overview

2.6.2 Strategies for Product Launch

2.6.3 Retail Overview: Trends in products and formats

3. Market Segmentation

3.1 By Product Category, Market Size (USD million)

3.1.1 Food Retail/Grocery

3.1.2 Apparel, Footwear

3.1.3 Beauty Products

3.1.4 Durable Goods

3.1.5 Furniture & Furnishings

3.1.6 Hardware Stores

3.1.7 Others

3.2 By Retail Store Category, Market Size (USD million)

3.2.1 Hypermarkets & Supermarkets

3.2.2 Convenience Stores

3.2.3 Discounters Stores

3.2.4 Homeshopping

3.2.5 Internet Retailing

3.2.6 Direct Selling

3.2.7 Others

4. Industry & Governmental Policies & Mandates

4.1 Industry Body Policies

4.2 Administrative Policies

4.3 Policies for Types of Market Entry Modes

4.4 Retail and Food Retail Policies

5. Comeptition Analysis

5.1 Market Share Analysis

5.2 Strategies and Recent Developments

5.2.1 Marketing Strategies

5.2.2 Pricing Strategies

5.3 Company Profiles

6. Supply Chain Analysis

6.1 Distribution Network & Retail Analysis

7. Sources

8. Disclaimer

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