Market Forecast By Product (Belts, Handbags, Scarves, Eye wear, Jewelry , Neckties, Gloves , Others), By Demographic (Men, Women, Children), By Price (Economical Apparel Accessories, Mid-range Apparel Accessories, Premium Apparel Accessories, Super-premium Apparel Accessories), By Sales Channel (Apparel Accessories Sold through Modern Trade, Apparel Accessories Sold at Franchise Outlets, Apparel Accessories Sold at Specialty Stores, Others) And Competitive Landscape
Product Code: ETC313002 | Publication Date: Jul 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Kuwait Apparel Accessories Market is anticipated to witness healthy growth during the forecast period of 2023-2029. The increasing demand for fashionable clothing, rising disposable income, and the presence of major international brands in the country are driving the growth of this market. In addition, the growing e-commerce sector coupled with the easy availability of online platforms has also contributed to its upsurge. Furthermore, the introduction of new technologies such as advanced fabrics and smart clothing is likely to enhance its prospects over the review period.
Rising disposable income among the population is expected to drive the growth of Kuwait apparel and accessories market over the next seven years. Increasing consumer focus on fashion trends along with ever-changing style preferences will further propel its expansion over the coming years. The presence of major global players such as Armani Exchange offering luxury apparel in various price ranges will add traction to industry development by 2029 end.
High costs associated with branded products might hinder the overall industry`s progress during the assessment era. Fluctuations in the exchange rate between the local currency (Kuwait dinar) and US Dollar can challenge financial stability among buyers thereby decreasing profits earned by vendors through exports may affect overall business profitability across regions negatively.
Covid-19 Impact: The Covid pandemic has had an adverse effect on sales figures at retail outlets due to temporary store closures which resulted in decreased footfall from customers thus slowing down the production process significantly. Also due COVID -19 induced economic slowdown, people were reluctant towards non-essential purchases leading companies to face liquidity crunch. However, online stores witnessed increased sales during the same period owing rise in the trend for contactless shopping amongst consumers.
Some key participants operating in the Kuwait apparel & accessories market include Zara, H&M, Armani Exchange, Louis Vuitton, Chanel etc.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Kuwait Apparel Accessories Market Overview |
3.1 Kuwait Country Macro Economic Indicators |
3.2 Kuwait Apparel Accessories Market Revenues & Volume, 2021 & 2028F |
3.3 Kuwait Apparel Accessories Market - Industry Life Cycle |
3.4 Kuwait Apparel Accessories Market - Porter's Five Forces |
3.5 Kuwait Apparel Accessories Market Revenues & Volume Share, By Product, 2021 & 2028F |
3.6 Kuwait Apparel Accessories Market Revenues & Volume Share, By Demographic, 2021 & 2028F |
3.7 Kuwait Apparel Accessories Market Revenues & Volume Share, By Price, 2021 & 2028F |
3.8 Kuwait Apparel Accessories Market Revenues & Volume Share, By Sales Channel, 2021 & 2028F |
4 Kuwait Apparel Accessories Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Kuwait Apparel Accessories Market Trends |
6 Kuwait Apparel Accessories Market, By Types |
6.1 Kuwait Apparel Accessories Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Kuwait Apparel Accessories Market Revenues & Volume, By Product, 2018 - 2028F |
6.1.3 Kuwait Apparel Accessories Market Revenues & Volume, By Belts, 2018 - 2028F |
6.1.4 Kuwait Apparel Accessories Market Revenues & Volume, By Handbags, 2018 - 2028F |
6.1.5 Kuwait Apparel Accessories Market Revenues & Volume, By Scarves, 2018 - 2028F |
6.1.6 Kuwait Apparel Accessories Market Revenues & Volume, By Eye wear, 2018 - 2028F |
6.1.7 Kuwait Apparel Accessories Market Revenues & Volume, By Jewelry , 2018 - 2028F |
6.1.8 Kuwait Apparel Accessories Market Revenues & Volume, By Neckties, 2018 - 2028F |
6.1.9 Kuwait Apparel Accessories Market Revenues & Volume, By Others, 2018 - 2028F |
6.1.10 Kuwait Apparel Accessories Market Revenues & Volume, By Others, 2018 - 2028F |
6.2 Kuwait Apparel Accessories Market, By Demographic |
6.2.1 Overview and Analysis |
6.2.2 Kuwait Apparel Accessories Market Revenues & Volume, By Men, 2018 - 2028F |
6.2.3 Kuwait Apparel Accessories Market Revenues & Volume, By Women, 2018 - 2028F |
6.2.4 Kuwait Apparel Accessories Market Revenues & Volume, By Children, 2018 - 2028F |
6.3 Kuwait Apparel Accessories Market, By Price |
6.3.1 Overview and Analysis |
6.3.2 Kuwait Apparel Accessories Market Revenues & Volume, By Economical Apparel Accessories, 2018 - 2028F |
6.3.3 Kuwait Apparel Accessories Market Revenues & Volume, By Mid-range Apparel Accessories, 2018 - 2028F |
6.3.4 Kuwait Apparel Accessories Market Revenues & Volume, By Premium Apparel Accessories, 2018 - 2028F |
6.3.5 Kuwait Apparel Accessories Market Revenues & Volume, By Super-premium Apparel Accessories, 2018 - 2028F |
6.4 Kuwait Apparel Accessories Market, By Sales Channel |
6.4.1 Overview and Analysis |
6.4.2 Kuwait Apparel Accessories Market Revenues & Volume, By Apparel Accessories Sold through Modern Trade, 2018 - 2028F |
6.4.3 Kuwait Apparel Accessories Market Revenues & Volume, By Apparel Accessories Sold at Franchise Outlets, 2018 - 2028F |
6.4.4 Kuwait Apparel Accessories Market Revenues & Volume, By Apparel Accessories Sold at Specialty Stores, 2018 - 2028F |
6.4.5 Kuwait Apparel Accessories Market Revenues & Volume, By Others, 2018 - 2028F |
7 Kuwait Apparel Accessories Market Import-Export Trade Statistics |
7.1 Kuwait Apparel Accessories Market Export to Major Countries |
7.2 Kuwait Apparel Accessories Market Imports from Major Countries |
8 Kuwait Apparel Accessories Market Key Performance Indicators |
9 Kuwait Apparel Accessories Market - Opportunity Assessment |
9.1 Kuwait Apparel Accessories Market Opportunity Assessment, By Product, 2021 & 2028F |
9.2 Kuwait Apparel Accessories Market Opportunity Assessment, By Demographic, 2021 & 2028F |
9.3 Kuwait Apparel Accessories Market Opportunity Assessment, By Price, 2021 & 2028F |
9.4 Kuwait Apparel Accessories Market Opportunity Assessment, By Sales Channel, 2021 & 2028F |
10 Kuwait Apparel Accessories Market - Competitive Landscape |
10.1 Kuwait Apparel Accessories Market Revenue Share, By Companies, 2021 |
10.2 Kuwait Apparel Accessories Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |