Saudi Arabia e-retail market is expected
to show an impressive growth in CAGR in the upcoming five years of forecast, 2024-2028.
The market is expected to grow on the backbone of modernization of retail
sector in the GCC countries. Saudi Arabia is one of the GCC countries where retail
is modernizing, and the offline services and products are actively on sale on
online portals for the consumers. The e-commerce segment in the country
involves all sorts of retail, consumer goods and expendables available in the
offline market. Moreover, the recent outbreak of COVID-19 virus aggravated the
shift of offline markets over online portals thereby supporting the growth of
the Saudi Arabia e-retail market in the upcoming years too.
Young population in the country is
rapidly multiplying, with the changing lifestyle and increased disposable
income among the young population, the market for e-retail in Saudi Arabia is
expected to show the robust growth in the next five years. Saudi Arabia is in
fact among the 20 richest countries in the world, thus disposable income
becomes a major factor for the growth, that along with the ease of
accessibility of the product on online distributors provide a wide range of
products and services for the population to choose from. All these factors are
supporting the extravagant raise in the CAGR of the Saudi Arabia e-retail
market.
Saudi Arabia e-retail market is
segmented on the basis of segments, regional distribution and competitional
landscape. Based on regional distribution the market is divided into western
region, northern & central region, eastern region, and southern region. With
the growing market for e-retail products the market growth is anticipated to
increase. Moreover, governmental aids that regulate the policies and rules of
the e-retail market is strengthening the growth of the Saudi Arabia e-retail
market, maintain the fact that these rules and policies would benefit the
sellers, distributors, online platform owners, as well as the consumers.
Some of the top players in the Saudi
Arabia e-retail market are, Noon AD Holdings One Person Company LLC, Souq.com
(Amazon), Alibaba Group Holding Limited, Jarir Marketing Company, Wadi.com, Al
Tayer Group Holding Company, Gulf Marketing Group Holding Company, Alshaya
Group, Majid Al Futtaim Retail, Chalhoub Group, among others. The companies are
involving themselves into research and development for the methods of better
quality, and various quality analysis tests to provide the better products.
Objective of the Study:
- To analyze the historical
growth of the market size of Saudi Arabia e-retail market from 2018 to 2021.
- To estimate and forecast
the market size of Saudi Arabia e-retail market from 2022 to 2028 and
growth rate until 2028.
- To classify and forecast Saudi Arabia e-retail
market based on segments, competitional landscape, and regional
distribution.
- To identify dominant region or segment in the Saudi Arabia e-retail
market.
- To identify drivers and
challenges for Saudi Arabia e-retail market.
- To examine competitive
developments such as expansions, new product launches, mergers &
acquisitions, etc., in Saudi Arabia e-retail market.
- To
identify and analyze the profile of leading players operating in Saudi Arabia e-retail
market.
- To identify key sustainable strategies adopted by market players in
Saudi Arabia e-retail market.
Download Free Sample Report
TechSci Research
performed both primary as well as exhaustive secondary research for this study.
Initially, TechSci Research sourced a list of manufacturers, suppliers, and
service providers across the country. Subsequently, TechSci Research conducted
primary research surveys with the identified companies. While interviewing, the
respondents were also enquired about their competitors. Through this technique,
TechSci Research could include the manufactures which could not be identified
due to the limitations of secondary research. TechSci Research analyzed the manufactures,
distribution channels and presence of all major players across the country.
TechSci Research
calculated the market size of Saudi Arabia e-retail market
using a bottom-up approach, wherein data for various end-user segments was
recorded and forecast for the future years. TechSci Research sourced these
values from the industry experts and company representatives and externally validated
through analysing historical data of these product types and applications 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 were also studied by TechSci
Research.
Key Target Audience:
- E-Retail manufacturers, end
users, and other stakeholders
- Distributers, suppliers, and
other stakeholders
- Organizations, forums, and
alliances related to e-retails
- Market research and consulting
firms
The study is
useful in providing answers to several critical questions that are important
for the industry stakeholders such as manufacturers, suppliers, end users,
etc., besides allowing them in strategizing investments and capitalizing on
market opportunities.
|
Attribute
|
Details
|
|
Base
Year
|
2022
|
|
Historical
Years
|
2018 – 2021
|
|
Estimated
Year
|
2023E
|
|
Forecast
Period
|
2024F – 2028F
|
|
Quantitative
Units
|
Revenue in
USD Million and CAGR for 2018-2022 and 2023E-2028F
|
|
Report
Coverage
|
Revenue
forecast, company share, competitive landscape, growth factors, and trends
|
|
Segments
Covered
|
·
Segment
|
|
Region
Scope
|
Western
Region, Northern & Central Region, Eastern Region and Southern Region
|
|
Key
Companies Profiled
|
Noon AD
Holdings One Person Company LLC, Souq.com (Amazon), Alibaba Group Holding
Limited, Jarir Marketing Company, Wadi.com, Al Tayer Group Holding Company,
Gulf Marketing Group Holding Company, Alshaya Group, Majid Al Futtaim Retail,
Chalhoub Group.
|
|
Customization
Scope
|
10% free
report customization with purchase. Addition or alteration to regional &
segment scope.
|
|
Pricing
and Purchase Options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase
options
|
|
Delivery
Format
|
PDF and Excel through Email (We can also
provide the editable version of the report in PPT/Word format on special
request)
|
Report
Scope:
In this
report, Saudi Arabia e-retail market has been segmented into
following categories, in addition to the industry trends which have also been
detailed below:
- Saudi Arabia E-Retail Market, By Segment:
- Apparel
& Footwear
- Groceries
- Fruits
& Vegetables
- Processed
Food
- Meat
& Poultry
- Others
- Electronics
& Appliances
- Mobile
- Air
Conditioner
- Refrigerator
- Television
- Others
- Home
Furnishing & Furniture
- Curtains
- Carpets
- Upholstery
- Others
- Others
- Saudi
Arabia E-Retail Market, By Region:
- Western
Region
- Northern
& Central Region
- Eastern
Region
- Southern
Region
Competitive
Landscape
Company Profiles: Detailed
analysis of the major companies present in Saudi Arabia e-retail
market.
Available
Customizations:
With the given
market data, TechSci 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).