How big is the GCC Luxury Goods Market?

The GCC Luxury Goods Market size is expected to reach USD 13.64 billion in 2024 and grow at a CAGR of 10.15% to reach USD 22.12 billion by 2029. Read More

What is the current GCC Luxury Goods Market size?

In 2024, the GCC Luxury Goods Market size is expected to reach USD 13.64 billion. Read More

Who are the key players in GCC Luxury Goods Market?

Kering Group, LVMH Moët Hennessy Louis Vuitton, Compagnie Financière Richemont SA, Rolex SA and Chanel SA are the major companies operating in the GCC Luxury Goods Market. Read More

What years does this GCC Luxury Goods Market cover, and what was the market size in 2023?

In 2023, the GCC Luxury Goods Market size was estimated at USD 12.26 billion. The report covers the GCC Luxury Goods Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the GCC Luxury Goods Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

GCC Personal Luxury Goods Market - Trends, Analysis & Growth

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

The Report Covers GCC Luxury Goods Market and is Segmented by Type (Clothing and Apparel, Footwear, Bags, Jewelry, Watches, and Other Accessories), by Gender (Male and Female), by Distribution Channel (Single-branded Stores, Multi-branded Stores, Online Stores, and Other Distribution Channels), and by Geography (Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman, and Bahrain). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

GCC Luxury Goods Industry Overview

The GCC luxury goods market boasts competition, featuring both global and domestic players. Leading the market are industry giants like Compagnie Financière Richemont SA, Kering Group, Chanel Limited, LVMH Moët Hennessy Louis Vuitton SE, and Rolex SA. These key players are pursuing strategies centered on expansions and product innovations. To gain a competitive edge and broaden their market presence, companies are vying on diverse fronts, ranging from product offerings and quality to sustainable packaging, marketing, and brand omnichannel activities. Notably, the rise of e-commerce has significantly bolstered the overall growth.