GCC e-Commerce Retail is projected to have a considerable CAGR during the forecast period. GCC e-Commerce Retail Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms to have constant observation of latest market trends which keep on changing. Constants shifts in the trends and key advancements are observed in the market through this GCC e-Commerce Retail Market report and inform key firms about them. By knowing this, business owners can take effective actions before actually developing any product or service. It also aims at offering thorough knowledge regarding competitors to assist them in taking strategic decision making.
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The impact of COVID-19 lockdown measures benefited e-commerce significantly. Despite the fact that sales were already growing strongly during the review period, restrictions and curfews forced most retailers looking to cover the losses to shift from in-store to e-commerce. Retailers without an e-commerce platform quickly adjusted their websites to accept e-commerce orders and delivered the orders received through their retail apps. One of the dramatic changes that took place in that pandemic among Saudi Arabia populations were increasing their spending in home furniture. As the consumers who had been spending more times at their homes realized that they need to invest more in their homes. The companies like IKEA witnessed huge growth in e-commerce retailing in furniture categories during the COVID-19 pandemic. BinDawood Holding, a local online retailer, announced in late March that, since the escalation of the Covid-19 crisis, its 10-day average sales had increased by 200%, while its average order value had increased by 50 % and app installations had increased by 400%. The virus’s threat, combined with efforts to maintain social distance, has resulted in a significant shift in lifestyle and consumer habits, with e-commerce retail experiencing a rapid increase in growth of market in GCC countries.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
GCC e-Commerce Retail Market Report Segment
By Customers
- Business to Consumer
- Business to Business
- Customer to Customer
By Products
- Electronics
- Fashion
- Books and Magazines
- Others (home décor, automobile, sports, beauty and personal care, kitchenware)
By Device Used
- Smartphone
- Tablets
- Personal Computer
GCC e-Commerce Retail Market Report Segment by Region
- Bahrain
- Kuwait
- Oman
- Qatar
- Saudi Arabia
- United Arab Emirates (UAE)
The Report Covers
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the GCC e-Commerce Retail market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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