Middle East and Africa (MEA) Luxury Retail Market Size, Trends, Regional and Category Performance, Brands and Forecast to 2027

Middle East and Africa (MEA) Luxury Retail Market Size, Trends, Regional and Category Performance, Brands and Forecast to 2027
Summary

This report provides an overview of the MEA Luxury Retailing which includes Analysis, market forecasts, brands and trends in the MEA Luxury Retail Market 2017-2027.

The luxury market in Middle East and Africa (MEA) grew by 13.3% in 2022 with luxury retail sales projected to reach $20.6 billion by 2027 from $16.9 billion in 2022 as brands expand their reach in the region with new stores, e-commerce initiatives, and innovative strategies.

ScopeThe MEA luxury market grew by 13.3% in 2022, driven by the UAE, Saudi Arabia, and South AfricaDigital and Physical expansion in the region has become essential for brands to growLuxury retailers embrace localization to meet cultural and social expectationsLVMH’s continued its dominance in the region, boasting a market share of 52.2%Reasons to BuyGain a comprehensive knowledge on MEA Luxury retail market and develop a competitive advantageInvestigate current trends in MEA luxury retail market to identify the best opportunities to exploitAnalysis of key luxury retail players operating in Middle-EastExplore novel opportunities that will allow you to align your product offerings and strategies to meet demand by analyzing the key consumer and technology trends influencing the luxury fashion market in MEA regionAnalyze the recommended actions to align your marketing strategies with the crucial trends influencing consumer behavior in MEA region