Product Code: ETC228280 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The UAE Watches and Accessories market is a dynamic sector that caters to a diverse clientele seeking both luxury and functional timepieces. The market`s vitality is driven by a combination of affluent consumer demand, a strong retail presence, and a penchant for stylish and innovative designs. This market offers a wide array of options, from prestigious international brands to local, artisanal watchmakers.
The UAE Watches and Accessories Market is primarily driven by the country`s affluent consumer base and its status as a luxury shopping destination. High disposable incomes, a strong tourism industry, and a culture that values luxury items contribute to the demand for high-end watches and accessories. Additionally, the UAE`s tax-free status makes it an attractive market for international luxury brands.
Challenges in the UAE watches and accessories market include stiff competition from global luxury brands, economic fluctuations affecting consumer spending, and counterfeit product proliferation. High import duties and taxes also impact affordability, while changing consumer preferences toward smartwatches and wearable technology pose a threat to traditional watch sales.
The UAE Watches and Accessories market, like many other luxury goods sectors, faced significant challenges due to the COVID-19 pandemic. With reduced tourism and economic uncertainties, consumer spending on high-end watches and accessories declined. Physical retail stores experienced closures or limited foot traffic, leading to a surge in online sales channels. Brands had to adapt by enhancing their online presence and offering more affordable options to cater to changing consumer preferences.
The UAE Watches and Accessories market showcases leading companies like Rolex Emirates, TAG Heuer UAE, and Patek Philippe Arabia.
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 United Arab Emirates (UAE) Watches and Accessories Market Overview |
3.1 United Arab Emirates (UAE) Country Macro Economic Indicators |
3.2 United Arab Emirates (UAE) Watches and Accessories Market Revenues & Volume, 2021 & 2031F |
3.3 United Arab Emirates (UAE) Watches and Accessories Market - Industry Life Cycle |
3.4 United Arab Emirates (UAE) Watches and Accessories Market - Porter's Five Forces |
3.5 United Arab Emirates (UAE) Watches and Accessories Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 United Arab Emirates (UAE) Watches and Accessories Market Revenues & Volume Share, By Product Design Type, 2021 & 2031F |
3.7 United Arab Emirates (UAE) Watches and Accessories Market Revenues & Volume Share, By End-user, 2021 & 2031F |
3.8 United Arab Emirates (UAE) Watches and Accessories Market Revenues & Volume Share, By Price Range, 2021 & 2031F |
3.9 United Arab Emirates (UAE) Watches and Accessories Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
4 United Arab Emirates (UAE) Watches and Accessories Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 United Arab Emirates (UAE) Watches and Accessories Market Trends |
6 United Arab Emirates (UAE) Watches and Accessories Market, By Types |
6.1 United Arab Emirates (UAE) Watches and Accessories Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 United Arab Emirates (UAE) Watches and Accessories Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 United Arab Emirates (UAE) Watches and Accessories Market Revenues & Volume, By Watches, 2021-2031F |
6.1.4 United Arab Emirates (UAE) Watches and Accessories Market Revenues & Volume, By Accessories, 2021-2031F |
6.2 United Arab Emirates (UAE) Watches and Accessories Market, By Product Design Type |
6.2.1 Overview and Analysis |
6.2.2 United Arab Emirates (UAE) Watches and Accessories Market Revenues & Volume, By Square Watches, 2021-2031F |
6.2.3 United Arab Emirates (UAE) Watches and Accessories Market Revenues & Volume, By Rectangular Watches (Tank), 2021-2031F |
6.2.4 United Arab Emirates (UAE) Watches and Accessories Market Revenues & Volume, By Round Watches, 2021-2031F |
6.2.5 United Arab Emirates (UAE) Watches and Accessories Market Revenues & Volume, By Others (Tonneau, Cushion, Asymmetrical), 2021-2031F |
6.3 United Arab Emirates (UAE) Watches and Accessories Market, By End-user |
6.3.1 Overview and Analysis |
6.3.2 United Arab Emirates (UAE) Watches and Accessories Market Revenues & Volume, By Male, 2021-2031F |
6.3.3 United Arab Emirates (UAE) Watches and Accessories Market Revenues & Volume, By Female, 2021-2031F |
6.3.4 United Arab Emirates (UAE) Watches and Accessories Market Revenues & Volume, By Kids, 2021-2031F |
6.4 United Arab Emirates (UAE) Watches and Accessories Market, By Price Range |
6.4.1 Overview and Analysis |
6.4.2 United Arab Emirates (UAE) Watches and Accessories Market Revenues & Volume, By Premium, 2021-2031F |
6.4.3 United Arab Emirates (UAE) Watches and Accessories Market Revenues & Volume, By Mid Range, 2021-2031F |
6.4.4 United Arab Emirates (UAE) Watches and Accessories Market Revenues & Volume, By Economic, 2021-2031F |
6.5 United Arab Emirates (UAE) Watches and Accessories Market, By Sales Channel |
6.5.1 Overview and Analysis |
6.5.2 United Arab Emirates (UAE) Watches and Accessories Market Revenues & Volume, By Mono-brand Stores, 2021-2031F |
6.5.3 United Arab Emirates (UAE) Watches and Accessories Market Revenues & Volume, By Specialty Stores, 2021-2031F |
6.5.4 United Arab Emirates (UAE) Watches and Accessories Market Revenues & Volume, By Direct Sales, 2021-2031F |
6.5.5 United Arab Emirates (UAE) Watches and Accessories Market Revenues & Volume, By Online Retail Stores, 2021-2031F |
6.5.6 United Arab Emirates (UAE) Watches and Accessories Market Revenues & Volume, By Others, 2021-2031F |
7 United Arab Emirates (UAE) Watches and Accessories Market Import-Export Trade Statistics |
7.1 United Arab Emirates (UAE) Watches and Accessories Market Export to Major Countries |
7.2 United Arab Emirates (UAE) Watches and Accessories Market Imports from Major Countries |
8 United Arab Emirates (UAE) Watches and Accessories Market Key Performance Indicators |
9 United Arab Emirates (UAE) Watches and Accessories Market - Opportunity Assessment |
9.1 United Arab Emirates (UAE) Watches and Accessories Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 United Arab Emirates (UAE) Watches and Accessories Market Opportunity Assessment, By Product Design Type, 2021 & 2031F |
9.3 United Arab Emirates (UAE) Watches and Accessories Market Opportunity Assessment, By End-user, 2021 & 2031F |
9.4 United Arab Emirates (UAE) Watches and Accessories Market Opportunity Assessment, By Price Range, 2021 & 2031F |
9.5 United Arab Emirates (UAE) Watches and Accessories Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
10 United Arab Emirates (UAE) Watches and Accessories Market - Competitive Landscape |
10.1 United Arab Emirates (UAE) Watches and Accessories Market Revenue Share, By Companies, 2024 |
10.2 United Arab Emirates (UAE) Watches and Accessories Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |