GCC Outbound Tourism Market, By Traveler Type (Families, Couples, Solo Travelers, and Group Tours), By Purpose of Travel (Leisure, Business, Medical Tourism, Education, and Others)

GCC Outbound Tourism Market, By Traveler Type (Families, Couples, Solo Travelers, and Group Tours), By Purpose of Travel (Leisure, Business, Medical Tourism, Education, and Others)


Countries in the Gulf Cooperation Council (GCC) region, such as Saudi Arabia, the U.A.E, Qatar, Kuwait, Oman, and Bahrain, have emerged as lucrative markets for various global destinations. The high disposable incomes of GCC residents coupled with the arid climate of their home countries has resulted in significant outbound travel. Most GCC travelers prefer long vacations during the summer months of May to September to beat the heat. Popular long-haul destinations, such as Europe, Southeast Asia, and Northeast Asia, have seen a major influx of GCC tourists in recent times as the passports of GCC nations allow visa-free entry to over 80 countries. Moreover, airline and hospitality companies have increasingly targeted this high spending visitor segment which is driving the GCC outbound tourism market.

Market Dynamics:

The GCC outbound tourism market is expected to grow at a steady pace during the forecast period. Surging disposable incomes and high spending capacity of GCC nationals have emerged as a key driver as it allows for international vacations and premium experiences abroad. Additionally, the introduction of e-visa policies and relaxation of visa rules by several destinations have augmented travel convenience and stimulated outbound tourism from GCC. However, political tensions and instability in parts of the world poses threats while currency fluctuations can impact travel budgets and restrain the market growth. Meanwhile, increasing airline connectivity through the GCC hubs and tailored offerings by tour operators present lucrative opportunities. Further, strong economic growth prospects in GCC bode well for outbound tourism spending in the coming years.

Key Features of the Study:
  • This report provides in-depth analysis of the GCC outbound tourism market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global GCC outbound tourism market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Al Futtaim Travel, Al Ghanim Travel, Al Rostamani Travel and Holidays, Kanoo Travel, Omeir Travel Agency, Al Rais Travel Agencies, ITL World, Belhasa Tourism & Travel, Al Naboodah Travel, Al Tayer Travel Agency, Al Mosafer, Al Jazeera Travel & Tourism, Al Mufeed Travel & Tourism, Al Mufeed Travel, Al-Hokair Group, Al-Faisal Travel, Al Mufeed Travel Agency, Al Safwa Travel & Tourism, Al Shams Travel & Tourism, and Al Ahlia Travel & Tourism
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global GCC outbound tourism market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global GCC outbound tourism market
Detailed Segmentation:
  • Traveler Type Insights (Revenue, USD Bn, 2019 - 2031)
  • Families
  • Couples
  • Solo Travelers
  • Group Tours
  • Purpose of Travel Insights (Revenue, USD Bn, 2019 - 2031)
  • Leisure
  • Business
  • Medical Tourism
  • Education
  • Others
  • Key Players Insights
  • Al Futtaim Travel
  • Al Ghanim Travel
  • Al Rostamani Travel and Holidays
  • Kanoo Travel
  • Omeir Travel Agency
  • Al Rais Travel Agencies
  • ITL World
  • Belhasa Tourism & Travel
  • Al Naboodah Travel
  • Al Tayer Travel Agency
  • Al Mosafer
  • Al Jazeera Travel & Tourism
  • Al Mufeed Travel & Tourism
  • Al Mufeed Travel
  • Al-Hokair Group
  • Al-Faisal Travel
  • Al Mufeed Travel Agency
  • Al Safwa Travel & Tourism
  • Al Shams Travel & Tourism
  • Al Ahlia Travel & Tourism


1. RESEARCH OBJECTIVES AND ASSUMPTIONS
Research Objectives
Assumptions
Abbreviations
2. MARKET PURVIEW
Report Description
Market Definition and Scope
Executive Summary
Global Plastic Component Market, Type of Plastic
Global Plastic Component Market, By Application
3. MARKET DYNAMICS, REGULATIONS, AND TRENDS ANALYSIS
Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER’s Analysis
Merger and Acquisition Scenario
4. Global Plastic Component Market, Type of Plastic, 2024-2031, (USD Bn)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Polypropylene (PP)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Polyethylene (PE)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Polyvinyl Chloride (PVC)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Polystyrene (PS)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Acrylonitrile Butadiene Styrene (ABS)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Engineering Plastics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
5. Global Plastic Component Market, By Application, 2024-2031, (USD Bn)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Automotive
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Consumer Goods
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Electronics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Packaging
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Healthcare
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
6. Global Plastic Component Market, By Region, 2019 - 2031, Value (USD Bn)
Introduction
Market Share (%) Analysis, 2024,2027 & 2031, Value (USD Bn)
Market Y-o-Y Growth Analysis (%), 2019 - 2031, Value (USD Bn)
Regional Trends
North America
Introduction
Market Size and Forecast, Type of Plastic, 2019 - 2031, Value (USD Bn)
Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
U.S.
Canada
Latin America
Introduction
Market Size and Forecast, Type of Plastic, 2019 - 2031, Value (USD Bn)
Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Introduction
Market Size and Forecast, Type of Plastic, 2019 - 2031, Value (USD Bn)
Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, Type of Plastic, 2019 - 2031, Value (USD Bn)
Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
Introduction
Market Size and Forecast, Type of Plastic, 2019 - 2031, Value (USD Bn)
Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
GCC Countries
Israel
Rest of Middle East
Africa
Introduction
Market Size and Forecast, Type of Plastic, 2019 - 2031, Value (USD Bn)
Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
South Africa
North Africa
Central Africa
7. COMPETITIVE LANDSCAPE
Lanxess India Private Limited
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Tata Autocomp Systems Limited
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Elringklinger Automotive Components (india) Privat
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Pennar Industries Limited
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Minda Industries Limited
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Samvardhana Motherson Group
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Varroc Engineering Limited
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Sona BLW Precision Forgings Limited
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Sundram Fasteners Limited
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Anand Group
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Pricol Limited
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Rane Group
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Endurance Technologies Limited
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Minda Corporation Limited
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Sandhar Technologies Limited
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Machino Plastics Limited
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Lumax Industries Limited
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Fiem Industries Limited
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Minda Kyoraku Limited
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
8. Analyst Recommendations
Wheel of Fortune
Analyst View
Coherent Opportunity Map
9. References and Research Methodology
References
Research Methodology
About us
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