Clothing & footwear in the UAE is forecast to register a healthy CAGR of 7.5% during 2016-2021 and increase from AED24.6 billion in 2016 to AED35.3 billion by 2021. Steady economic growth, declining employment, and rising disposable income are among the main factors driving sales of clothing & footwear in the country.
Clothing category is projected to register a CAGR of 7.6% during 2016-2021 to reach AED32 billion by 2021. Womenswear is the largest segment with sales of AED9.4 billion and is forecast to achieve a CAGR of 7.8% over the forecast period to reach AED13.7 billion by 2021. The market is fragmented with the top 10 players commanding only 13.8% of the market in 2016. However, all the top 10 retailers are of international origin with local players having a marginal presence.
Top Companies mentioned
Marks & Spencer
Clothing & Footwear Retailing in the UAE Industry Major Outlook
“Clothing & Footwear Retailing in the UAE, Market Shares, Summary & Forecasts to 2021”, provides data for historic and forecast retail sales, and also includes information on the business environment and country risk related to Chile retail environment. In addition, it analyzes the key consumer trends influencing Chile clothing and footwear industry.
Clothing & Footwear Retailing in the UAE – Competitive Analysis
Key players are making innovative developments in Clothing & Footwear Retailing in the UAE industry. The same will help in improving the market performance. Heavy investments are made by major players in the R&D sector
Steady economic growth and booming tourism to drive retail sales
– Steady economic growth and a burgeoning working class population drive sales
– Specialists set to lose ground to other channels of distribution
– International retailers dominate sector sales
– The top 10 retailers accounted for only 14.3% of the market in 2016
– H&M registered the highest growth of 33.9% in 2015-2016
– Womenswear to outperform menswear during 2016-2021
– Men’s footwear sales to register a CAGR of 7.0% during 2016-2021
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