𝐆𝐂𝐂 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐋𝐮𝐱𝐮𝐫𝐲 𝐆𝐨𝐨𝐝𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐓𝐫𝐞𝐧𝐝𝐬, 𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐
According to the latest report by IMARC Group, The GCC personal luxury goods market size reached US$ 9.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 14.3 Billion by 2032, exhibiting a growth rate (CAGR) of 4% during 2024-2032.
𝐆𝐫𝐚𝐛 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅: https://www.imarcgroup.com/gcc-personal-luxury-goods-market/requestsample
𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬:
𝐓𝐨𝐮𝐫𝐢𝐬𝐭 𝐀𝐟𝐟𝐥𝐮𝐞𝐧𝐜𝐞 & 𝐒𝐨𝐜𝐢𝐚𝐥 𝐈𝐧𝐟𝐥𝐮𝐞𝐧𝐜𝐞: A booming tourism ... more𝐆𝐂𝐂 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐋𝐮𝐱𝐮𝐫𝐲 𝐆𝐨𝐨𝐝𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐓𝐫𝐞𝐧𝐝𝐬, 𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐
According to the latest report by IMARC Group, The GCC personal luxury goods market size reached US$ 9.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 14.3 Billion by 2032, exhibiting a growth rate (CAGR) of 4% during 2024-2032.
𝐆𝐫𝐚𝐛 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅: https://www.imarcgroup.com/gcc-personal-luxury-goods-market/requestsample
𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬:
𝐓𝐨𝐮𝐫𝐢𝐬𝐭 𝐀𝐟𝐟𝐥𝐮𝐞𝐧𝐜𝐞 & 𝐒𝐨𝐜𝐢𝐚𝐥 𝐈𝐧𝐟𝐥𝐮𝐞𝐧𝐜𝐞: A booming tourism sector fuels demand for luxury goods as visitors and residents alike seek high-end experiences. Social media furthers this trend, showcasing luxury lifestyles and influencing purchasing decisions.
𝐒𝐡𝐢𝐟𝐭𝐢𝐧𝐠 𝐕𝐚𝐥𝐮𝐞𝐬 & 𝐄𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐭𝐢𝐚𝐥 𝐋𝐮𝐱𝐮𝐫𝐲: Changing lifestyles prioritize experiences over possessions, leading to a rise in experiential luxury (e.g., luxury travel, bespoke services). Additionally, the desire for exclusivity and status symbols creates lucrative opportunities for luxury brands.
𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥𝐢𝐳𝐚𝐭𝐢𝐨𝐧 & 𝐋𝐢𝐦𝐢𝐭𝐞𝐝 𝐄𝐝𝐢𝐭𝐢𝐨𝐧𝐬: Consumers increasingly seek personalized luxury goods that reflect their individuality. Online and offline access caters to this demand. Limited-edition releases create a sense of urgency and exclusivity, further driving market growth.
𝐓𝐨𝐩 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐒𝐡𝐚𝐩𝐢𝐧𝐠 𝐭𝐡𝐞 𝐆𝐂𝐂 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐋𝐮𝐱𝐮𝐫𝐲 𝐆𝐨𝐨𝐝𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:
Burberry Group PLC
Chanel S.A.
Estee Lauder Companies
Giorgio Armani SpA
Kering S.A.
Loreal
LVMH Moët Hennessy Louis Vuitton SE
Mulberry Group PLC
Prada Group
Cie Financiere Richemont SA
The Swatch Group
Versace.
𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/gcc-personal-luxury-goods-market
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