GCC e-Commerce Retail is projected to have a considerable CAGR during the forecast period. The factors attributing the growth of GCC e-Commerce Retail Market includes increasing internet penetration, increased profit margins due to direct distribution channels, rise in crude oil prices and developed infrastructure in large countries. The major GCC countries, such as Saudi Arabia, the UAE, Oman, and Kuwait, also have well-developed infrastructure, that also allows the e-commerce market to serve a larger population. The GCC countries have a large population that uses the internet, providing companies with a larger target market. Rise in exclusive launches on online stores like Amazon, Flipkart, also encourages e-commerce companies to gain a competitive advantage and expand their market share. Furthermore, other key market indicators, such as consumer spending, are growing rapidly in the GCC countries, creating numerous opportunities for the GCC e-commerce retail market growth.
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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 – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
GCC E-Commerce Retail market by Customers
- Business to Consumer
- Business to Business
- Customer to Customer
GCC E-Commerce Retail market by Products
- Electronics
- Fashion
- Books and Magazines
- Home décor
- Automobile
- Sports
- Beauty and Personal Care
- Kitchenware
- Others
Regional Analysis
- Bahrain
- Kuwait
- Oman
- Qatar
- Saudi Arabia
- UAE
Company Profiles
- Com, Inc.
- Asos plc
- Axiom Telecom LLC
- BasharaCare
- ae
- Brands Bay General Trading LLC.
- com
- co.nz
- DHL International GmbH
- com
- FedEx Corps
- First Flight Corps
- com
- com
- com
- com
- Next Retail Ltd
- Rakuten Kobo Inc.
- Com
- com
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- 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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