Premium and Luxury Cars in the United Arab Emirates
Premium and luxury cars in the United Arab Emirates recorded three consecutive years of strong double-digit retail volume and value growth between 2021 and 2023, driven by an influx of high net worth individuals. While growth is notably slower in 2024, it is being supported by the robust overall economic performance of the United Arab Emirates, which ranks second in the Middle East and Africa for average gross income, bolstered by a healthy labour market and the absence of income tax. According...
Euromonitor International's Premium and Luxury Cars in United Arab Emirates report offers a comprehensive guide to the size and shape of the Premium and Luxury Cars market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Premium and Luxury Cars retailing along with the development of consumers’ shopping patterns. Forecasts to 2028 illustrate how the market is set to change
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report? * Get a detailed picture of the Premium and Luxury Cars market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop.
Premium and Luxury Cars in the United Arab Emirates
Euromonitor International
October 2024
List Of Contents And Tables
PREMIUM AND LUXURY CARS IN THE UNITED ARAB EMIRATES
KEY DATA FINDINGS
2024 DEVELOPMENTS
Growth continues on the back of strong macroeconomic fundamentals
Local consumers highly appreciative of bespoke options
Mainstream premium and luxury cars lead in terms of retail value share
PROSPECTS AND OPPORTUNITIES
Eco-friendly supercars enter the United Arab Emirates in 2024
Government’s support for clean energy
Partnerships with luxury hotels to enhance brand appeal
CATEGORY DATA
Table 1 Sales of Premium and Luxury Cars: Value 2019-2024
Table 2 Sales of Premium and Luxury Cars: % Value Growth 2019-2024
Table 3 NBO Company Shares of Premium and Luxury Cars: % Value 2019-2023
Table 4 LBN Brand Shares of Premium and Luxury Cars: % Value 2020-2023
Table 5 Forecast Sales of Premium and Luxury Cars: Value 2024-2029
Table 6 Forecast Sales of Premium and Luxury Cars: % Value Growth 2024-2029
LUXURY GOODS IN THE UNITED ARAB EMIRATES
EXECUTIVE SUMMARY
Luxury goods in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for luxury goods?
MARKET DATA
Table 7 Sales of Luxury Goods by Category: Value 2019-2024
Table 8 Sales of Luxury Goods by Category: % Value Growth 2019-2024
Table 9 Inbound Receipts for Luxury Goods by Country of Origin: Value 2019-2024
Table 10 NBO Company Shares of Luxury Goods: % Value 2019-2023
Table 11 LBN Brand Shares of Luxury Goods: % Value 2020-2023
Table 12 Distribution of Luxury Goods by Format and Category: % Value 2024
Table 13 Forecast Sales of Luxury Goods by Category: Value 2024-2029
Table 14 Forecast Sales of Luxury Goods by Category: % Value Growth 2024-2029