Saudi Arabia Retail Market 2024 : Key Growth Factor Analysis and Research Study

Posted by Masud Khan on February 26th, 2020

Market Reports on Saudi Arabia Provides the Trending Market Research Report on “Saudi Arabia Retail Market By Distribution Channel (Hypermarket, Online Retail, Exclusive Stores, Specialty Retailers, Supermarket & Others), By Product Category (Food & Beverages, Apparel & Footwear, Appliances & others), Competition, Forecast & Opportunities, 2024” under Retail category. The Retail Market is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.

Saudi Arabia Retail Market is projected to exhibit a CAGR of around 6% during the forecast period of 2019-2024, growing from $ 112.9 billion in 2018 to $ 159 billion by 2024, on account of increasing personal disposable income, change in consumption pattern from staple food towards healthier food, and shifting focus from dependency on fuel to other sectors.

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In terms of product category, Saudi Arabia retail market has been categorized into food & beverages, apparel & footwear, appliances, jewelry, pharmacy and others. Of these, food & beverages category accounted for a nearly one-third market share in 2018 and the segment is anticipated to maintain its market dominance during the forecast period as well, backed by the widespread shift in pattern from staple food towards healthier, value-added alternatives. Saudi Arabia retail market has been segmented into central, west, east, south and north regions. Among these regions, Central region is the largest demand generating region in the country’s retail market, due to strong presence of key market players in the region. Riyadh, the capital of Saudi Arabia, which is present in Central region, has seen significant transformation than other cities of regions. Riyadh has become the central hub for new technologies and latest creations.

Saudi Arabia retail market is fragmented in nature due to the presence of several companies. Approval and commercialization of various products and expanding geographical reach are major strategies adopted by industry participants to enhance their market share. Some of the major players operating in Saudi Arabia retail market are Panda Retail Co (Savola Group), Lulu Group International (EMKE Group), Abdullah Al Othaim Markets Co., Fawaz Abdulaziz AlHokair Co., Majid Al Futtaim Retail LLC, among others.

Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024

Objective of the Study:

To analyze and forecast Saudi Arabia retail market size.
To classify and forecast Saudi Arabia retail market based on distribution channel, product category and regional distribution.
To identify drivers and challenges for Saudi Arabia retail market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Saudi Arabia retail market.
To conduct the pricing analysis for Saudi Arabia retail market.
To identify and analyze the profile of leading players operating in Saudi Arabia retail Market.
Some of the major players operating in Saudi Arabia retail market are Panda Retail Co (Savola Group), Lulu Group International (EMKE Group), Abdullah Al Othaim Markets Co., Fawaz Abdulaziz AlHokair Co., Majid Al Futtaim Retail LLC, among others.

This Report performed both primary as well as exhaustive secondary research for this study. Initially, This Report sourced a list of retailers across the country. Subsequently, This Reports conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, The Report could include the retailers which could not be identified due to the limitations of secondary research. This Reports analyzed the service offerings, sales channels and presence of all major retailers across the country.

This Report calculated Saudi Arabia retail market size by using a top-down approach, wherein data for various application across various segments was recorded and forecast for the future years. Report sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product categories for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports

Key Target Audience:

Retailers, suppliers, distributors and other stakeholders
Potential investors
Organizations, forums and alliances related to retail market
Research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:
In this report, Saudi Arabia retail market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, by Distribution Channel:
Exclusive Stores
Hypermarket
Supermarket
Specialty Retailers
Online Retail
Others

Market, by Product Category:
Food & Beverages
Apparel & Footwear
Appliances
Jewelry
Pharmacy
Others

Market, by Region:
Central
West
East
South
North

Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Saudi Arabia retail market.

Available Customizations
With the given market data, Report Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information
Detailed analysis and profiling of additional market players (up to five).

Browse our full report with Table of Contents:
http://www.marketreportsonsaudiarabia.com/marketreports/saudi-arabia-retail-market-by-distribution-channel-hypermarket-online-retail-exclusive-stores-specialty-retailers-s/1640017

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