Key Highlights
- The online retail market is segmented into apparel retail, electrical & electronics retail, food & grocery retail, home & garden products, furniture & floor coverings, and footwear.
- The Middle Eastern online retail sector had total revenues of $20.7 billion in 2022, representing a compound annual growth rate (CAGR) of 23.2% between 2017 and 2022.
- The electrical & electronics retail segment accounted for the sector's largest proportion in 2022, with total revenues of $9.9 billion, equivalent to 47.8% of the sector's overall value.
- The growth in the Middle Eastern online retail sector is influenced by several macroeconomic factors, such as rising GDP and growing consumer confidence. For instance, the Sila Consumer Sentiment Index (CSI) in the UAE increased significantly in May 2023 to 87.41, reflecting a rise of 13.71 from April and reflecting the country's overall sentiment about its business, economic, and employment landscapes.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the online retail market in Middle East
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the online retail market in Middle East
- Leading company profiles reveal details of key online retail market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Middle East online retail market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the Middle East online retail market by value in 2022?
- What will be the size of the Middle East online retail market in 2027?
- What factors are affecting the strength of competition in the Middle East online retail market?
- How has the market performed over the last five years?
- What are the main segments that make up Middle East's online retail market?
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Amazon.com, Inc.
- Shufersal Ltd
- Jumia.
- Namshi General Trading LLC