UAE E-Commerce Market Demand 2024, Growth Analysis, Size, Share and Report By 2032
3 min readE-Commerce Market in UAE 2024:
How Big is the UAE E-Commerce Industry?
The UAE e-commerce market size reached USD 102 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 632 Billion by 2032, exhibiting a growth rate (CAGR) of 22.50% during 2024-2032.
Market Statistics
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Size in 2023: USD 102 Billion
Market Size in 2032: USD 632 Billion
Market Growth Rate (CAGR) 2024-2032: 22.50%
UAE E-Commerce Market Trends and Drivers:
The e-commerce market in the UAE is still in a period of phenomenal growth, fueled by a set of key factors. The proliferation of digital technologies, deep internet adoption, and a large base of digital native consumers are pushing market growth. The increasing popularity of e-commerce along with large volume of products offered on e-commerce websites has gained a wide range of customer. Government programmes like UAE Vision 2021, focusing on digital transformation and smart services, have been instrumental in supporting the e-commerce landscape. Also, better logistics infrastructure, faster delivery and secure payment infrastructure has led to increased consumers’ confidence in online shopping. Mo-commerce (m-commerce) expansion, facilitated by ubiquitous smartphone use and mobile payment technologies, is playing a large role in market expansion through the delivery of frictionless shopping experiences.
Trends also that are important for this market that drive market are the development of omnichannel selling, that allows the customer to easily move back and forth between online and brick-and-mortar selling in order to convert to a more immersive selling experience. Social commerce is on the rise, and social media sites are growing demands in direct sales. Sustainability has become increasingly significant, and consumers who are ecologically minded prefer companies who have given environment concerns and packaging a priority. Cross-border e-commerce is booming among UAE shoppers who are looking for brands outside UAE with more choices and better prices. These trends and influences are anticipated to continue fostering the growth of the UAE e-commerce market, as changing consumer demands and technological advancements will influence its future.
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UAE E-Commerce Industry Segmentation:
The report has segmented the market into the following categories:
Types Insights:
- Home Appliances
- Apparels, Footwear and Accessories
- Books
- Cosmetics
- Groceries
- Others
Transaction Insights:
- Business to Business (B2B)
- Business to Consumer (B2C)
- Consumer to Consumer (C2C)
- Others
Regional Insights:
- Dubai
- Abu Dhabi
- Sharjah
- Others
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Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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