Turismo
Sale of Luggage and Bags in Saudi Arabia Market is Expected to Generate Over USD 1.4 Billion by the Year Ending 2023: Ken Research
The advent of E-commerce has provided an opportunity for the bag and luggage brands to expand their reach in the market. Offline which is expected remain the largest segment in the future as well may see slower growth as compared to online retail. The fashion retail industry is expected to expand during this period creating demand for bags as accessories. There were a number of marketing initiatives undertaken by various fashion retail companies to enhance their brand equity in the eyes of customers by providing bags as bundled accessory with apparel.
It is expected that there will be an increase in supply of bags imported from neighboring countries such as Egypt and Turkey due to rising popularity of Egyptian and Turkish fashion designers. Egyptian brand Okhtein is an example, which sells luxury bags. The brand is owned by Egypt based designers Aya and Mounaz Abdelraouf and retails their high-end bags through multi brand retail chain Harvey Nicholas .
Analysts at Ken Research in their latest publication expect that the Bags and Luggage Market will increase due to increasing domestic and outbound tourism. The market is expected to register a positive CAGR of 16.3% in terms of revenue during the forecast period 2018-2023E.
The report provides a comprehensive analysis on the UAE Online Fashion Market. The report covers UAE online fashion market size by gross merchandize value, market segment by Apparel, Fashion Accessories and Footwear, by region ( Dubai , Abu Dhabi , Sharjah and Others), by price range (Economy, Mass, Premium and Elite), by gender (women, men and kids), by apparel categories (tops, dresses, bottoms, jackets, shorts and others), by accessories categories (handbags, belts, imitation jewelry, watches and others) and by footwear categories (sneakers, flip-flops, sandals, boots and others). The report also covers competition among major players in online fashion market (Namshi General Trading LLC, Sivvi, Wadi General Trading LLC, Souq Group, MarkaVIP, Elabelz, Noon, Bershka, Yoox.com and NextDirect). The report provides target audience profile, SWOT analysis, government regulation, comparison of offline and online fashion market along with analyst recommendation and macroeconomic variables.
The report provides a comprehensive analysis on the Saudi Arabia online fashion Market. The report covers online fashion market size by GMV, market segment by type (Apparel, Fashion Accessories and Footwear), by region ( Riyadh , Jeddah , Mecca , Medina, Dammam and Others), by price range (Economy, Mass, Premium and Elite).
The report further discusses market segmentation by gender (women, men and kids), by product categories (tops, dresses, bottoms, jackets, shorts and others), online accessories market segmentation by product categories (handbags, belts, imitation jewelry, watches and others), online footwear market segmentation by product categories (sneakers, flip-flops, sandals, boots and others). The publication provides competition analysis major players (Namshi General Trading LLC, JollyChic, Wadi General Trading LLC, Souq Group Pvt. Ltd., MarkaVIP, Ubuy, Basicxx, Sivvi, Elabelz, Noon, Bershka, Yoox.com and NextDirect). The report also covers consumer profiling, SWOT analysis, rules and regulation, snapshot on Saudi Arabia online internet retailing industry along with analyst recommendation and macroeconomic variables.
The report provides a comprehensive analysis of the kids' apparel and footwear market in India . The report focuses on the major products and brands preferred for kids across the country. The report covers aspects such as overall kids' apparel and footwear market by its key segments including age group, gender, type of products used, material, upper and bottom wear, organized and unorganized, distribution channel and sales in major cities. The publication also includes competitive landscape in each section, which discusses the major market players in every segment along with the detailed discussion about the organizations. The future analysis of overall India Kids' Apparel and Footwear has also been discussed along with recommendations from analyst view. The report also includes important information about scenario of Online Kids' Apparel and Footwear including information about competitive landscape and detailed analysis of major players in the country.
The apparel and footwear industry for kids in India has witnessed a healthy growth rate during FY'2012-FY'2017. The recent demonetization hasn't affected it much because for kids you never stop spending. Since children outgrow shoes and clothes very fast, the demand for kids' clothing is barely affected by financial fluctuation, thus decreasing the risk factor for brand and retailers. With most households becoming double income set ups these days, the purchasing power of the consumers have increased manifold.
Ankur Gupta , Head Marketing
Ken Research Private Limited
Ankur@kenresearch.com
+91-9015378249
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