UAE retail industry is poised to grow at a CAGR of more than 3% during 2012-2015, says RNCOS in its latest research report.
Noida, UP -- (SBWIRE) -- 01/10/2014 -- Customers in the UAE are finding themselves comfortable with purchasing online, following the footsteps of their Western counterparts. The UAE consumers have begun embracing the convenience and ease of purchasing items over the internet. In 2011, 42% of UAE shoppers accessed the internet for online shopping, up from 33% in 2010 as per MasterCard survey. Increasing number of Internet users in the UAE reveals high adoption of e-commerce in the well off and booming economy. The sales of retail products via Internet along with rising number of online users in the UAE are opening new vistas for retailers. Hence, online retailing is a lucrative option for retailers to add more value to their total revenue generation.
According to our research report, “UAE Retail Industry Forecast to 2015”, the UAE retail industry has been witnessing strong growth in sales for the past few years and is expected to grow in the coming years as well. Surging public and private sector consumption along with the contribution of strong industry verticals (tourism, trade, banking, etc) are expected to help the retail industry to grow at a CAGR of more than 3% during 2012-2015. Our report covers both food and non-food retail sector analysis along with the future forecast.
Besides, rapid development of modern retail infrastructure is luring consumers for convenient shopping experience and transforming into high retail spending. Per capita gross leasable area (GLA) is also increasing in the country with construction of new malls and expansion of some of the existing malls. In addition, fast inflow of foreign retailers is fuelling growth in the shopping mall retail area development. We anticipate that, this trend will prevail in the coming years and gradually boost the retail sales growth.
Our report “UAE Retail Industry Forecast to 2015”, is an outcome of an extensive research and thorough analysis of retail industry in the UAE. It facilitates statistics and analysis of all prominent market segments to provide deep and informative understanding of the market. It also covers a brief business description of prominent players operating in the industry to provide a balanced treatment of the analysis. Besides, the future growth areas discussed in the report helps to analyze the emerging market segments. In this way, the report presents a complete and coherent analysis of the UAE Retail industry, which will prove decisive for the clients.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM458.htm
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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.