DUBLIN--(BUSINESS WIRE)--The "United Arab Emirates B2C Ecommerce Market Opportunities Databook - 100+ KPIs on Ecommerce Verticals (Shopping, Travel, Food Service, Media & Entertainment, Technology), Market Share by Key Players, Sales Channel Analysis, Payment Instrument, Consumer Demographics - Q2 2022 Update" report has been added to ResearchAndMarkets.com's offering.
According to the Q2 2022 B2C Ecommerce Survey, the market in United Arab Emirates is expected to grow by 25.52% on annual basis to reach US$28.2 billion in 2022
Companies Mentioned
- Amazon
- Dubizzle
- Namshi
- Noon
- Sharaf DG
- Careem
- Carrefour
- Deliveroo
- Talabat
- Zomato
- Al Rostamani Travels
- Careem
- Dubai Taxi
- Infinity Travel
- Uber
The medium to the long-term growth story of the B2C Ecommerce industry in United Arab Emirates promises to be attractive . The B2C Ecommerce is expected to grow steadily over the forecast period, recording a CAGR of 16.16% during 2022-2026. The country's B2C Ecommerce Gross Merchandise Value will increase from US$22.5 billion in 2021 to reach US$51.4 billion by 2026.
E-commerce in the United Arab Emirates is quickly catching up with global powerhouses like the United States and China, with several shops ramping up their online services ahead of the global pandemic outbreak in 2021.
The rising internet penetration rates largely drive the expansion of the e-commerce industry in the UAE. This, coupled with growing incomes, high possessions of smartphone devices, increasing presence of global players, and enhanced supply chain solutions, has supported the market growth over the last two years. While the country has been a cash-dominant society in the past, the global pandemic outbreak has forced consumers to quickly adopt digital payment methods.
The growing trust in digital payment services has supported the rise of cross-border e-commerce in the country. Notably, consumers prefer a wide range of products at lower prices from cross-border e-commerce providers. Some of the leading countries from which the consumers in UAE purchase include the United States, China, and India. The growing trend of cross-border e-commerce is expected to further support the growth of the overall B2C e-commerce industry in the country over the next three to four years.
With the current pace of developments in the United Arab Emirates e-commerce industry, the country has become an active region for attracting local and international investments in the e-commerce market. Over the next three to four years, consumer spending on e-commerce platforms is also expected to grow significantly amid the growing trust and convenience among customers in the country. Overall, the publisher maintains a robust growth outlook for the B2C e-commerce industry in the United Arab Emirates from a short to medium-term perspective.
E-commerce startups are raising funding rounds to further boost their growth in the region
In the UAE, consumers are increasingly looking for luxury and high-end products. As a result, they often turn to cross-border e-commerce platforms to find their products. Amid the growing trend of shopping for luxury products online in the United Arab Emirates, startups are raising funding rounds to further boost their growth and compete for market share in the country. For instance,
- In December 2021, The List, an e-commerce startup and luxury brand platform announced that the firm had raised US$3.5 million in its seed funding round. Notably, the firm works with global retailers and resellers to provide consumers with a marketplace for luxury and hard-to-find products.
- In June 2021, Boksha, an Emirati-owned e-commerce platform, also announced that the firm had raised US$1 million in its early-stage funding. The e-commerce firm provides consumers with more than 15,000 products from over 800 designers. Like The List, the firm is also planning to use the funding round to further expand its presence across the Gulf and the wider Middle East region.
- In October 2021, noon announced that the firm is looking to raise to US$2 billion in fresh investment over the next three to four years. This fundraising is part of its strategy to upgrade infrastructure, speed up deliveries, and increase its customer base in the Gulf e-commerce market. The firm is operational in the UAE, Saudi Arabia, and Egypt.
Reasons to buy
- In-depth Understanding of B2C Ecommerce Market Dynamics: Understand market opportunities and key trends along with forecast (2017-2026). Understand market dynamics through essential KPIs such as Gross Merchandise Value, Volume, and Average Value Per Transaction.
- Insights into Opportunity by B2C Ecommerce Categories: Get market dynamics by sales channel to assess emerging opportunities across various segments.
- Detailed analysis of market share by key players across key B2C ecommerce verticals.
- Insights into Opportunities across key B2C verticals: Retail shopping, travel & hospitality, online food service, media and entertainment, healthcare and wellness, and technology products & services.
- Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate a B2C ecommerce strategy; assess market-specific key trends, drivers, and risks in the B2C ecommerce industry.
- Get Insights into Consumer Attitude and Behaviour: Drawing from proprietary survey results, this report identifies and interprets key B2C ecommerce KPIs, including spend by age, gender, and income level.
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