Middle East Luxury Watches Market to Grow at a CAGR of 6.5% (2017-2025)

Posted on 2018-09-17 by Goldstein Research in Retail // 0 Comments

New York, Country, 2018-Sep-05 — /EPR Network/ —According to Goldstein Research, Middle East luxury watches market is expected to reach USD 510.0million by the end of 2025, growing at a CAGR of 6.5% over the forecast period, 2017-2025. High disposable income of people in the region especially in GCC countries, where countries such as UAE and Saudi Arabia having the largest population and a considerable number of tourists significantly augment the growth of luxury watches industry in the region. Middle East Luxury watches market segmentation has been done on the basis of product type, end-user, distribution channel and geography. Based on the distribution channel type, offline channel segment accounted for the highest market share of more than 85% in 2017. Whereas, online distribution channel segment is likely to grow at a faster pace during the forecast period.

Middle East Luxury watches market is dominated by UAE with the market share of more than 30% of Middle East luxury watches market in 2017. In Middle East GCC countries are the fastest growing markets for luxury watches owing to highest per capita spending over luxury goods.

Download Exclusive Sample Report: https://www.goldsteinresearch.com/request-sample/luxury-watches-market-middle-east

Market Segmentation

On the basis of our in-depth analysis, Middle EastLuxury Watches Market can be segmented as follows:

By Product Type

Analog Watches

Quartz
Mechanical

Digital/Smart Watches

By End Users

Men
Women

By Distribution Channels

Online Channel
Offline Channels (Flagship Stores Etc.)

By Country

Kingdom of Saudi Arabia (KSA) Luxury Watches Market Analysis, 2016-2024
United Arab Emirates (UAE) Luxury Watches Market Analysis, 2016-2024
Qatar Luxury Watches Market Analysis, 2016-2024
Oman Luxury Watches Market Analysis, 2016-2024
Kuwait Luxury Watches Market Analysis, 2016-2024
Bahrain Luxury Watches Market Analysis, 2016-2024
Jordan Luxury Watches Market Analysis, 2016-2024
Rest of Middle East Luxury Watches Market Analysis, 2016-2024

Browse Full Report: https://www.goldsteinresearch.com/report/luxury-watches-market-middle-east

“Middle East Luxury Watches Market Outlook 2024” contains a detailed overview of the Middle East luxury watches market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type, end-users, distribution channel, and geography.

The Middle East Luxury Watches Market Report highlights the in-depth analysis of the luxury watches market report that will help the clients to assess their business strategies as per the competitive environment in the market space. The competitive outlook of major Middle East players discussed in the Middle East luxury watches market report includes the business strategies, revenue distribution, financial analysis, product portfolio, R&D activities and investments.

Major players of the Middle East luxury watches market discussed in the report are: Rolex SA, Prada S.p.A, LVMH, Richemont, Swatch Group, Omega SA, Franck Muller, Patek Philippe & Co., Giorgio Armani S.P.A., etc.

Further, Middle East Luxury Watches Market Report encompasses the major trends & opportunities, market dynamics and other growth factors of the market. The Luxury Watches Market outlook also comprises key challenges, risk analysis, BPS analysis, SWOT Analysis and Market Attractiveness. The report also highlights the expert analysis to provide the complete overview of the market including the PESTLE analysis of each region and country.

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts.

Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview.

Our analysts working on consumer goods industry analysis to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.