KD Market Insights has published a report on GCC Pre Owned Luxury Goods market research report. The report offers valuable market insights drivers which would aid the industry leaders to develop and line up their market strategies supported by reliable and accurate data. According to KD Market Insights report, the GCC Pre Owned Luxury Goods market is expected to grow at a CAGR of 10.9% during the forecast period i.e. 2020-2024. The market was held to USD XX.X Million in 2019 and is projected to reach to a valuation of USD XX.X Million in 2024. The report covers a detailed chapter on market segmentation of GCC Pre Owned Luxury Goods market covering market segments by product type , demography and distribution channel.
The report offers an exhaustive analysis of the market trends, opportunities, growth areas and industry drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Increase in numbers of high net worth individuals, rising demand of secondhand luxury goods and growing internet connectivity are the major factors which are anticipated to positively impact the growth of pre-owned luxury goods market in the upcoming years.
Rising Disposable Income
According to the GCC statistical center, Saudi Arabia captured around 57.7% of the disposable income in the GCC and is followed by the United Arab Emirates with a percentage of 28.5. Further, with this rising disposable income in the region, the population is shifting towards the pre-owned luxury goods. Also, the consumers across the regions are adopting second-hand luxury goods in order to improvise and maintain their lifestyle. Moreover, consumers are adopting secondhand goods in order to cut their expenses on the purchase of luxury items and expensive goods. This factor is expected to positively impact the growth of pre-owned luxury goods market in the upcoming years.
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By Product Type
– Jewelry & Watches
By Distribution Channel
– Online Stores
– Offline Stores
This research report studied the GCC Pre Owned Luxury Goods market to forecast the revenues and analyze the trends in 5 regions i.e. North America, Europe, Asia Pacific, Latin America and Middle East & Africa. This chapter of the report presents a comparison between emerging regions and developed regions to highlight the key factors and industry trends impacting the overall GCC Pre Owned Luxury Goods market. Country analysis is also covered for various major economies across various regions:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
This study evaluates and categorizes the key vendors in the GCC Pre Owned Luxury Goods market. The key companies published in the report include among others .The Luxury Closet, Garderobe, and other major key players. These market players have adopted different business strategies, such as acquisition, product range expansion, merger, and partnership to stay competitive in the GCC market.
The competitive strategic window analyses the competitive landscape in terms of the market share and company profiles of major vendors. This section provides company’s metrics such as business strategy and performance such as financials, sales breakup by segment and by geography, SWOT Analysis, company snapshot, business strategy, key product offerings, marketing and distribution strategies, recent news & development and other market activities.
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