Saudi Arabia Gift Retailing Market (2024-2030) | Trends, Share, Analysis, Size, Forecast, Value, Revenue, Growth, Outlook, Industry & Companies

Market Forecast By Product Type (Souvenirs and Novelty Items, Seasonal Decorations, Greeting Cards, GiftwareΒ , OtherΒ ), By Distribution Channel (Online, Offline) And Competitive Landscape
Product Code: ETC043159 Publication Date: Jul 2023 Updated Date: Jan 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Saudi Arabia Gift Retailing Market Synopsis

Saudi Arabia gift retailing market is expected to reach a value of US$ 7.6 Billion by 2026, growing at a CAGR of 5.3% during the forecast period (2020-2026). The country`s increasing population and rising income levels are propelling demand for luxury products and services in the region, which is further boosting growth in the gift retail segment.

Market Drivers

The Saudi Arabia Gift Retail industry has been witnessing strong growth over recent years owing to several factors such as increasing purchasing power parity due to higher disposable incomes; growing youth demographic with increased interest towards online shopping; advent of innovative technologies such as Artificial Intelligence, Machine Learning & Augmented Reality aiding customers?? product selection process; presence of multiple local & international players in the e-commerce space; presence of numerous mall complexes offering wide variety of attractive options for gifts etc. Moreover, changing lifestyle trends and evolving consumer preferences have also played an imperative role in driving up sales volumes across this sector. This along with government initiatives aimed at encouraging private investments into domestic sectors through incentives including free zones regulations are likely to provide additional impetus to revenue generation opportunities within this industry over forthcoming years.

Challenges of the Market

However certain challenges still remain that impede progress within this sector such as rigid regulatory framework restricting imports from certain countries due to security concerns resulting into limited availability of goods mainly imported from Asian countries like China, India & Pakistan thus restraining expansion opportunities among retailers especially those operating online stores; lack of awareness about available payment options which limits customer base while creating hurdles for new entrants looking forward towards tapping potential markets as well as absence or inadequate infrastructure limiting overall development prospects particularly amongst rural areas where majority populace resides form major impediments hampering long term growth outlook across Saudi Arabia Gift Retailing Industry.

Covid 19 Impact on the Market

Furthermore, factors such as online shopping facility along with promotional activities like discounts and offers on special occasions are also expected to fuel up the market growth over time. However, fluctuating prices due to regional variations might hamper its development within certain regions throughout this period. Moreover, coronavirus outbreak is likely hinder its expansion due to lockdowns imposed worldwide resulting in disruption of supply chains and limited access towards stores thus restricting customer movements as well as curtailing revenue generation process affecting its overall sales performance significantly during 2020-21 fiscal year ending 2021 calendar year end..

key players of the Market

Key players operating in this domain include Al Othman Gift Shop Company Ltd., Arabia Gift House Co., Gifts International - Jeddah Branch, L`OCCITANE en Provence Middle East FZE (Dubai), Souq Al Aseel Est., Tahweel Integrated Solutions Company Ltd., The Royal Factory LLC, Universal Corporation Ltd., etc.

Key Highlights of the Report:

  • Saudi Arabia Gift Retailing Market Outlook
  • Market Size of Saudi Arabia Gift Retailing Market, 2023
  • Forecast of Saudi Arabia Gift Retailing Market, 2030
  • Historical Data and Forecast of Saudi Arabia Gift Retailing Revenues & Volume for the Period 2020-2030
  • Saudi Arabia Gift Retailing Market Trend Evolution
  • Saudi Arabia Gift Retailing Market Drivers and Challenges
  • Saudi Arabia Gift Retailing Price Trends
  • Saudi Arabia Gift Retailing Porter's Five Forces
  • Saudi Arabia Gift Retailing Industry Life Cycle
  • Historical Data and Forecast of Saudi Arabia Gift Retailing Market Revenues & Volume By Product Type for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Gift Retailing Market Revenues & Volume By Souvenirs and Novelty Items for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Gift Retailing Market Revenues & Volume By Seasonal Decorations for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Gift Retailing Market Revenues & Volume By Greeting Cards for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Gift Retailing Market Revenues & Volume By Giftware? for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Gift Retailing Market Revenues & Volume By Other? for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Gift Retailing Market Revenues & Volume By Distribution Channel for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Gift Retailing Market Revenues & Volume By Online for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Gift Retailing Market Revenues & Volume By Offline for the Period 2020-2030
  • Saudi Arabia Gift Retailing Import Export Trade Statistics
  • Market Opportunity Assessment By Product Type
  • Market Opportunity Assessment By Distribution Channel
  • Saudi Arabia Gift Retailing Top Companies Market Share
  • Saudi Arabia Gift Retailing Competitive Benchmarking By Technical and Operational Parameters
  • Saudi Arabia Gift Retailing Company Profiles
  • Saudi Arabia Gift Retailing Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

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 Saudi Arabia Gift Retailing Market Overview

3.1 Saudi Arabia Country Macro Economic Indicators

3.2 Saudi Arabia Gift Retailing Market Revenues & Volume, 2020 & 2030F

3.3 Saudi Arabia Gift Retailing Market - Industry Life Cycle

3.4 Saudi Arabia Gift Retailing Market - Porter's Five Forces

3.5 Saudi Arabia Gift Retailing Market Revenues & Volume Share, By Product Type, 2020 & 2030F

3.6 Saudi Arabia Gift Retailing Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F

4 Saudi Arabia Gift Retailing Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Saudi Arabia Gift Retailing Market Trends

6 Saudi Arabia Gift Retailing Market, By Types

6.1 Saudi Arabia Gift Retailing Market, By Product Type

6.1.1 Overview and Analysis

6.1.2 Saudi Arabia Gift Retailing Market Revenues & Volume, By Product Type, 2020-2030F

6.1.3 Saudi Arabia Gift Retailing Market Revenues & Volume, By Souvenirs and Novelty Items, 2020-2030F

6.1.4 Saudi Arabia Gift Retailing Market Revenues & Volume, By Seasonal Decorations, 2020-2030F

6.1.5 Saudi Arabia Gift Retailing Market Revenues & Volume, By Greeting Cards, 2020-2030F

6.1.6 Saudi Arabia Gift Retailing Market Revenues & Volume, By GiftwareΒ , 2020-2030F

6.1.7 Saudi Arabia Gift Retailing Market Revenues & Volume, By OtherΒ , 2020-2030F

6.2 Saudi Arabia Gift Retailing Market, By Distribution Channel

6.2.1 Overview and Analysis

6.2.2 Saudi Arabia Gift Retailing Market Revenues & Volume, By Online, 2020-2030F

6.2.3 Saudi Arabia Gift Retailing Market Revenues & Volume, By Offline, 2020-2030F

7 Saudi Arabia Gift Retailing Market Import-Export Trade Statistics

7.1 Saudi Arabia Gift Retailing Market Export to Major Countries

7.2 Saudi Arabia Gift Retailing Market Imports from Major Countries

8 Saudi Arabia Gift Retailing Market Key Performance Indicators

9 Saudi Arabia Gift Retailing Market - Opportunity Assessment

9.1 Saudi Arabia Gift Retailing Market Opportunity Assessment, By Product Type, 2020 & 2030F

9.2 Saudi Arabia Gift Retailing Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F

10 Saudi Arabia Gift Retailing Market - Competitive Landscape

10.1 Saudi Arabia Gift Retailing Market Revenue Share, By Companies, 2023

10.2 Saudi Arabia Gift Retailing Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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