Gcc Apparel Market
GCC Apparel Market, By Product (Men’s Apparel, Women’s Apparel, Kids’ Apparel, Sportswear & Activewear, Formalwear, Casualwear, Ethnic Wear); By Distribution Channel (Departmental Stores, Brand Outlets, Specialty Stores, Hypermarkets & Supermarkets, Online); By End User (Men, Women, Kids); By Country (Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, Oman), Trend Analysis, Competitive Landscape & Forecast, 2019–2030
- Published Date: December 2024
- Report ID: BWC24914
- Available Format: PDF
- Page: 214
Report Overview
Rising disposable incomes, increasing urbanization, evolving fashion trends, strong tourism sector, expanding e-commerce, luxury brand demand, cultural diversity, and government initiatives promoting local textile industries are expected to drive GCC Apparel Market during the forecast period between 2024 and 2030.
GCC Apparel Market– Industry Trends & Forecast Report, 2030
GCC Apparel Market size by value was estimated at USD 34.9 billion in 2023. During the forecast period between 2024 and 2030, GCC Apparel Market size is expected to expand at a CAGR of 3.60% reaching a value of USD 44.4 billion by 2030. GCC Apparel Market is driven by high consumer spending, luxury brand presence, and tourism. Economic growth and increasing fashion awareness among consumers also play significant roles. The rise of e-commerce and sustainable fashion trends are further boosting the market.
Apparel – Overview
Apparel encompasses clothing and accessories that serve functional and aesthetic purposes. It includes items like shirts, pants, dresses, and outerwear, as well as accessories like hats, belts, and shoes. Apparel is influenced by cultural trends, fashion designers, and practical needs. It reflects individual style and societal norms and plays a key role in personal expression and identity.
GCC Apparel Market
Growth Drivers
Rising Disposable Income in GCC Countries
GCC region boasts some of the highest per capita incomes globally. This increased disposable income has led to a surge in consumer spending on fashion and lifestyle products. With consumers willing to spend significantly on apparel, GCC Apparel Market is experiencing substantial growth. This trend is further supported by the region's economic growth and the presence of luxury brands.
Challenges
High Import Duties on Apparel and Textiles
High import duties on apparel and textiles in the GCC region pose a significant challenge. These duties increase the cost of imported goods, making them more expensive for consumers and businesses. This can limit market growth by reducing consumer purchasing power and discouraging foreign investment in the apparel sector. Additionally, high import duties can lead to supply chain disruptions and affect the availability of certain products.
Impact of Escalating Geopolitical Tensions on GCC Apparel Market
GCC Apparel Market faces significant challenges from intensifying geopolitical tensions in the Middle East, particularly conflicts in Israel and its neighboring counteis. Economic, political, and trade tensions and sanctions could disrupt global supply chains, leading to delays and increased costs for raw materials and finished products. Consumer confidence may decline, affecting spending on non-essential items like apparel. Additionally, trade restrictions and tariffs can further complicate sourcing and distribution, making it challenging for businesses to maintain stable operations and competitive pricing. The overall economic uncertainty can also deter foreign investments in GCC Apparel Market.
GCC Apparel Market
Segmental Coverage
GCC Apparel Market – By Product
By product, GCC Apparel Market is divided into Men’s Apparel, Women’s Apparel, Kids’ Apparel, Sportswear & Activewear, Formalwear, Casualwear, and Ethnic Wear segments. The men’s apparel segment holds the highest market share of GCC Apparel Market by product. The dominance is driven by the high demand for traditional and contemporary clothing among men in the region. This segment benefits from cultural preferences, rising disposable incomes, and increasing awareness of fashion trends. Additionally, casualwear is a leading category within the market due to its versatility and everyday appeal across demographics. The growth in sportswear and activewear is also notable, fueled by a rising focus on fitness and health-conscious lifestyles in the GCC.
GCC Apparel Market – By Distribution Channel
By distribution channel, GCC Apparel Market is divided into Departmental Stores, Brand Outlets, Specialty Stores, Hypermarkets & Supermarkets, and Online segments. The brand outlets segment typically emerges as the largest in GCC Apparel Market. This dominance is driven by the growing preference for branded clothing and increasing disposable incomes among consumers in the region. Brand outlets offer a curated shopping experience, catering to the demand for premium and mid-range fashion. Additionally, the appeal of global and regional brands enhances their market share, making them a central channel for apparel purchases compared to other segments like specialty stores or hypermarkets.
GCC Apparel Market – By End User
On the basis of end user, GCC Apparel Market is divided into Men, Women, and Kids segments. The women segment is the largest end user in GCC Apparel Market. This dominance is driven by the region's increasing focus on women's fashion, rising disposable incomes, and evolving fashion trends. The women's segment sees high demand for both traditional attire, such as abayas and hijabs, and contemporary Western styles. Additionally, the influence of social media, online shopping platforms, and global fashion trends has further boosted growth, making it the most significant contributor to the GCC Apparel Market's revenue.
GCC Apparel Market – By Country
Geographically, GCC Apparel Market is divided into Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, and Oman. Saudi Arabia emerges as the leading country in GCC Apparel Market. Its dominance is driven by its substantial population, high purchasing power, and a growing demand for fashionable and branded clothing. Saudi Arabia's market benefits from an increasing youth demographic and a rising interest in modern and luxury fashion trends. The retail sector's development, e-commerce growth, and international brand penetration further solidify its leading position within the GCC region's apparel industry.
Competitive Landscape
Key players in the highly competitive GCC Apparel Market include AMCO Apparel, Geebee Garments, Stitchphile, Puma SE, Adidas AG, Nike Inc., Rhysley, Alpine Creations, Atraco Group, and Wings2fashion. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2023 |
Base Year – 2023 |
|
Estimated Year – 2024 |
|
Forecast Period – 2024–2030 |
|
Facts Covered |
Revenue in USD Billion |
Market Coverage |
Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, Oman |
Product/Service Segmentation |
Product, Distribution Channel, End User, Country |
Key Players |
AMCO Apparel, Geebee Garments, Stitchphile, Puma SE, Adidas AG, Nike Inc., Rhysley, Alpine Creations, Atraco Group, Wings2fashion |
By Product
-
Men’s Apparel
-
Women’s Apparel
-
Kids’ Apparel
-
Sportswear & Activewear
-
Formalwear
-
Casualwear
-
Ethnic Wear
By Distribution Channel
-
Departmental Stores
-
Brand Outlets
-
Specialty Stores
-
Hypermarkets & Supermarkets
-
Online
By End User
-
Men
-
Women
-
Kids
By Country
-
Saudi Arabia
-
UAE
-
Qatar
-
Bahrain
-
Kuwait
-
Oman
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- GCC Apparel Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Rising disposable income in GCC region
- Growing middle class
- Growth and expansion of tourism boom sector
- Restraints
- High import duties on apparel and textiles
- Cultural and religious factors
- Opportunities
- Increasing adoption of e-commerce platforms
- Growing demand for modest fashion
- Growing consumer awareness of sustainability and ethical fashion
- Challenges
- Prevalence of counterfeit products
- High rental costs for retail spaces
- Technological Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Industry Value Chain Analysis
- GCC Apparel Market: Marketing Strategies
- GCC Apparel Market Overview
- Market Size & Forecast, 2019–2030
- By Value (USD Million)
- Market Share & Forecast
- By Product
- Men’s Apparel
- Women’s Apparel
- Kids’ Apparel
- Sportswear and Activewear
- Formalwear
- Casualwear
- Ethnic Wear
- By Distribution Channel
- Departmental stores
- Brand outlets
- Specialty stores
- Hypermarkets & supermarkets
- Online
- By End User
- Men
- Women
- Kids
- By Country
- Saudi Arabia
- UAE
- Qatar
- Bahrain
- Kuwait
- Oman
- By Product
- Market Size & Forecast, 2019–2030
- Saudi Arabia Apparel Market
- Market Size & Forecast, 2019–2030
- By Value (USD Million)
- Market Share & Forecast
- By Product
- By Distribution Channel
- By End User
- Market Size & Forecast, 2019–2030
- UAE Apparel Market
- Market Size & Forecast, 2019–2030
- By Value (USD Million)
- Market Share & Forecast
- By Product
- By Distribution Channel
- By End User
- Market Size & Forecast, 2019–2030
- Qatar Apparel Market
- Market Size & Forecast, 2019–2030
- By Value (USD Million)
- Market Share & Forecast
- By Product
- By Distribution Channel
- By End User
- Market Size & Forecast, 2019–2030
- Bahrain Apparel Market
- Market Size & Forecast, 2019–2030
- By Value (USD Million)
- Market Share & Forecast
- By Product
- By Distribution Channel
- By End User
- Market Size & Forecast, 2019–2030
- Kuwait Apparel Market
- Market Size & Forecast, 2019–2030
- By Value (USD Million)
- Market Share & Forecast
- By Product
- By Distribution Channel
- By End User
- Market Size & Forecast, 2019–2030
- Oman Apparel Market
- Market Size & Forecast, 2019–2030
- By Value (USD Million)
- Market Share & Forecast
- By Product
- By Distribution Channel
- By End User
- Market Size & Forecast, 2019–2030
- Competitive Landscape
- List of Key Players and Their Products
- GCC Apparel Company Market Share Analysis, 2023
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Escalating Geopolitical Tensions on GCC Apparel Market
- Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- AMCO Apparel
- Geebee Garments
- Stitchphile
- Puma SE
- Adidas AG
- Nike Inc.
- Rhysley
- Alpine Creations
- Atraco Group
- Wings2fashion
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Country
- Assumptions & Limitations
- Qualitative Research
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
Figure 1 GCC Apparel Segmentation
Figure 2 GCC Apparel Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 GCC Apparel Market Size, By Value (USD Million), 2019−2030
Figure 5 GCC Apparel Market Share, By Product, By Value (USD Million), 2019−2030
Figure 6 GCC Apparel Market Share, By Distribution Channel, By Value (USD Million), 2019−2030
Figure 7 GCC Apparel Market Share, By End User, By Value (USD Million), 2019−2030
Figure 8 GCC Apparel Market Share, By Country, By Value (USD Million), 2019−2030
Figure 9 Saudi Arabia Apparel Market Size, By Value (USD Million), 2019−2030
Figure 10 Saudi Arabia Apparel Market Share, By Product, By Value (USD Million), 2019−2030
Figure 11 Saudi Arabia Apparel Market Share, By Distribution Channel, By Value (USD Million), 2019−2030
Figure 12 Saudi Arabia Apparel Market Share, By End User, By Value (USD Million), 2019−2030
Figure 13 UAE Apparel Market Size, By Value (USD Million), 2019−2030
Figure 14 UAE Apparel Market Share, By Product, By Value (USD Million), 2019−2030
Figure 15 UAE Apparel Market Share, By Distribution Channel, By Value (USD Million), 2019−2030
Figure 16 UAE Apparel Market Share, By End User, By Value (USD Million), 2019−2030
Figure 17 Qatar Apparel Market Size, By Value (USD Million), 2019−2030
Figure 18 Qatar Apparel Market Share, By Product, By Value (USD Million), 2019−2030
Figure 19 Qatar Apparel Market Share, By Distribution Channel, By Value (USD Million), 2019−2030
Figure 20 Qatar Apparel Market Share, By End User, By Value (USD Million), 2019−2030
Figure 21 Bahrain Apparel Market Size, By Value (USD Million), 2019−2030
Figure 22 Bahrain Apparel Market Share, By Product, By Value (USD Million), 2019−2030
Figure 23 Bahrain Apparel Market Share, By Distribution Channel, By Value (USD Million), 2019−2030
Figure 24 Bahrain Apparel Market Share, By End User, By Value (USD Million), 2019−2030
Figure 25 Kuwait Apparel Market Size, By Value (USD Million), 2019−2030
Figure 26 Kuwait Apparel Market Share, By Product, By Value (USD Million), 2019−2030
Figure 27 Kuwait Apparel Market Share, By Distribution Channel, By Value (USD Million), 2019−2030
Figure 28 Kuwait Apparel Market Share, By End User, By Value (USD Million), 2019−2030
Figure 29 Oman Apparel Market Size, By Value (USD Million), 2019−2030
Figure 30 Oman Apparel Market Share, By Product, By Value (USD Million), 2019−2030
Figure 31 Oman Apparel Market Share, By Distribution Channel, By Value (USD Million), 2019−2030
Figure 32 Oman Apparel Market Share, By End User, By Value (USD Million), 2019−2030
List of Tables
Table 1 GCC Apparel Market Size, By Value (USD Million), 2019−2030
Table 2 GCC Apparel Market Share, By Product, By Value (USD Million), 2019−2030
Table 3 GCC Apparel Market Share, By Distribution Channel, By Value (USD Million), 2019−2030
Table 4 GCC Apparel Market Share, By End User, By Value (USD Million), 2019−2030
Table 5 GCC Apparel Market Share, By Country, By Value (USD Million), 2019−2030
Table 6 Saudi Arabia Apparel Market Size, By Value (USD Million), 2019−2030
Table 7 Saudi Arabia Apparel Market Share, By Product, By Value (USD Million), 2019−2030
Table 8 Saudi Arabia Apparel Market Share, By Distribution Channel, By Value (USD Million), 2019−2030
Table 9 Saudi Arabia Apparel Market Share, By End User, By Value (USD Million), 2019−2030
Table 10 UAE Apparel Market Size, By Value (USD Million), 2019−2030
Table 11 UAE Apparel Market Share, By Product, By Value (USD Million), 2019−2030
Table 12 UAE Apparel Market Share, By Distribution Channel, By Value (USD Million), 2019−2030
Table 13 UAE Apparel Market Share, By End User, By Value (USD Million), 2019−2030
Table 14 Qatar Apparel Market Size, By Value (USD Million), 2019−2030
Table 15 Qatar Apparel Market Share, By Product, By Value (USD Million), 2019−2030
Table 16 Qatar Apparel Market Share, By Distribution Channel, By Value (USD Million), 2019−2030
Table 17 Qatar Apparel Market Share, By End User, By Value (USD Million), 2019−2030
Table 18 Bahrain Apparel Market Size, By Value (USD Million), 2019−2030
Table 19 Bahrain Apparel Market Share, By Product, By Value (USD Million), 2019−2030
Table 20 Bahrain Apparel Market Share, By Distribution Channel, By Value (USD Million), 2019−2030
Table 21 Bahrain Apparel Market Share, By End User, By Value (USD Million), 2019−2030
Table 22 Kuwait Apparel Market Size, By Value (USD Million), 2019−2030
Table 23 Kuwait Apparel Market Share, By Product, By Value (USD Million), 2019−2030
Table 24 Kuwait Apparel Market Share, By Distribution Channel, By Value (USD Million), 2019−2030
Table 25 Kuwait Apparel Market Share, By End User, By Value (USD Million), 2019−2030
Table 26 Oman Apparel Market Size, By Value (USD Million), 2019−2030
Table 27 Oman Apparel Market Share, By Product, By Value (USD Million), 2019−2030
Table 28 Oman Apparel Market Share, By Distribution Channel, By Value (USD Million), 2019−2030
Table 29 Oman Apparel Market Share, By End User, By Value (USD Million), 2019−2030
Table 30 Coinbase, Inc. Financial Overview
Table 31 Robinhood Company Overview
Table 32 Robinhood Financial Overview
Table 33 AMCO Apparel Company Overview
Table 34 AMCO Apparel Financial Overview
Table 35 Geebee Garments Company Overview
Table 36 Geebee Garments Financial Overview
Table 37 Stitchphile Company Overview
Table 38 Stitchphile Financial Overview
Table 39 Puma SE Company Overview
Table 40 Puma SE Financial Overview
Table 41 Adidas AG Company Overview
Table 42 Adidas AG Financial Overview
Table 43 Nike Inc. Company Overview
Table 44 Nike Inc. Financial Overview
Table 45 Rhysley Company Overview
Table 46 Rhysley Financial Overview
Table 47 Alpine Creations Company Overview
Table 48 Alpine Creations Financial Overview
Table 49 Atraco Group Company Overview
Table 50 Atraco Group Financial Overview
Table 51 Wings2fashion Company Overview
Table 52 Wings2fashion Financial Overview
Market Segmentation
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