Retail Market In Saudi Arabia 2024-2028
The retail market in Saudi Arabia is forecasted to grow by USD 54.46 bn during 2023-2028, accelerating at a CAGR of 6.42% during the forecast period. The report on the retail market in Saudi Arabia provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by economic diversification under vision 2030, rising consumer spending power, and growth in tourism sector in Saudi Arabia.
Technavio's retail market in Saudi Arabia is segmented as below:
By Type
- Non-food retail
- Food retail
By Distribution Channel
- Bakalas
- Super markets
- Hyper markets
- Online
This study identifies the integration of technology in retail sector as one of the prime reasons driving the retail market in Saudi Arabia growth during the next few years. Also, growing emphasis on sustainable retail and increasing adoption of omnichannel retailing will lead to sizable demand in the market.
The report on the retail market in Saudi Arabia covers the following areas:
- Retail market in Saudi Arabia sizing
- Retail market in Saudi Arabia forecast
- Retail market in Saudi Arabia industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading retail market in Saudi Arabia vendors that include Abdullah Al Othaim Markets Co., AL SADHAN, Ali Hassan Al Dahan and Partner Co. Ltd., Arabian Stores Co. Ltd., Azadea Group, Balsharaf Group, Bindawood Holding, Cenomi Retail, CHALHOUB GROUP, Jarir Marketing Co., Lulu Group International, M. H. Alshaya Co. WLL, Majid Al Futtaim Holding LLC, Manuel Supermarket, Nahdi Medical Co., SACO, Saudi Marketing Co., Savola Group, Tamimi Markets, and Virgin Red Ltd.. Also, the retail market in Saudi Arabia analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.