UAE Market Overview and Size 2021– By Countries, By End Users, By Organized And Unorganized Players: Ken Research

The markets in UAE are on the robust and maintainable growth trajectory. However, the economy has faced volatility throughout the recent past years owing to the proficient growth in foreign direct investment, increment in investments in infrastructure, negative repercussions of the global economic slowdown, 100% ownership in the few sectors and fall in the oil prices.

Additionally, tourism is one of the greater non-oil sources of revenue in the UAE, with some of the world’s most exclusive hotels being positioned in the UAE. A speedy construction boom, a broadening manufacturing base, and a prosperous services segment are supportive the UAE spread its economy.

The UAE is a predominantly import-oriented market.  The highest import products of the country comprise Jewellery, Electronic Products, Automotive Products, Refined Petroleum and Gold. The country is not a manufacturing hub and is therefore majorly contingent on imports for Retail and Consumer Products as well. The primary import origins for the country are China, India, US, Germany and the UK.

Whereas, the UAE Industry Market Reports of Ken Research advises that Nutritional Supplements market in UAE grew at a greater single digit growth rate over the calculated period of 2013-2018. The market growth was assisted by the growing health awareness, government initiatives, growth in the personal disposable income of the people, augment in ageing populace, and preventive nature of the age group (25-45 years). The market was witnessed in the late growth stage and will endure to remain so in the reviewed period of 2018-2023.

An alteration in consumption trend has been witnessed in the UAE health and wellness industry, wherein the consumers are aiming more on the preventive healthcare from taking health supplements in the old age to a movement in increasing consumption of supplements in the earlier ages in order to safeguard them from permanently relying on pharmaceutical drugs. Nutritional Supplements are aligning itself as natural and healthy alternative to traditional medicine around the country.

Whereas, UAE lubricant market is at mature stage. Domestic and international players have provided to the requirement of lubricants that led to augment in market revenue. Synthetic lubricants which have observed an augment in requirement as they deliver the better protection to engine and machinery and increment in engine performance in changing conditions. The growth in exports till the year 2015 was principally attributed to augment in requirement for lubricants from importing countries accompanied by increment in crude oil prices. However, post 2015, the market has considerably deducted owing to effects of oil slump which led to decrease in the prices of lubricants.

Nonetheless, the baby food market of UAE is still in its growth stage. The market presented a strong competitive scenario where international players that control majority of the stake are constantly trying to augment their prevailing market share. The UAE Baby Food market has majorly been an import registered market. The market is receptive to newness and revolutions for instance, camel milk-based baby food products and halal baby food products have obtained a lot of acceptance in the country. Despite the fact that government is motivating the breast feeding among new mothers and economic impact owing to oil price shock of mid 2014 that continued till 2015, the baby food market has shown dependable growth.

The key players around the UAE market are effectively functioning more actively for leading the highest market growth and registering the great value of market share around the region during the near future by spreading the awareness concerned to the respective goods and services, establishing the several research and development programs, implementing the policies of profit making and expansion strategies and delivering the better consumer satisfaction.

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Best Market Entry Strategy for UAE

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UAE Market Outlook– Driven by increasing working population and introduction of new age technologies by players: Ken Research

UAE market is on the strong and sustainable growth trajectory. Whereas, the economy has faced volatility during the recent past years due to the effective growth in foreign direct investment, augment in investments in infrastructure, negative repercussions of the worldwide economic slowdown, 100% ownership in the certain segment and fall in the oil prices.

At Ken Research, the UAE Market Research Reports on e-commerce logistics market delivers an all-inclusive analysis of e-commerce logistics services in the UAE. The UAE Industry Market Reports covers various aspects comprising the market size (by number of orders and revenue), return rate, industry cycle, timeline, market separation by channel (e-commerce merchants and 3PL companies), by domestic and international shipments, by zone of delivery (intercity and intracity), by mode (ground, air & sea shipments), by delivery duration duration (same day delivery, 1-3 day delivery, and more than 3 day delivery), by type of products and by payment mode (cash on delivery, credit & debit cards and several others). 

The UAE enjoys several advantages that make it ideal for e-commerce growth. Its customer demographic entails of a young internet-savvy populace, with high social media usage. Appreciation in the number of smart phones around the country, high consumer confidence, moving consumer preferences, etc. has increased the growth of e-commerce leading surging requirement for e-commerce logistics as well around the country. Dubai, Abu Dhabi and Sharjah have emerged as the foremost hub for demand and supply of the e-commerce logistics. The COVID-19 pandemic has also pushed the requirement in the market as the requirement for social distancing has forced individuals to rely on online shopping. The growth in the E-commerce orders for logistics has been majorly propelled with an increment in internet affinity and requirement for value added services.

Moreover, UAE Market Growth Reports also covers the complete competitive landscape and growth drivers and trends and government role and guidelines. The UAE Market Analysis Report completes with market projection for future for the market, Covid-19 effect, analysts’ take on the future and case studies prominence the major opportunities. 

Nonetheless, the reports on UAE experiential learning provides the UAE market overview and size basis revenue and a number of subscribers of the activity kit subscription industry across UAE, supply ecosystem analysis, subscriber profile basis several socio-demographic variables, market separation, business model analysis, revenue torrent analysis competition benchmarking, porter five force analysis, BCG Matrix analysis, COVID impact, future prognoses and projected trends & challenges.

UAE country research reports also provides the market revenue of the K12 E-Learning Industry, along with revenue by grade and paid user profile by unalike socio-demographic variables. The report talks about new trends observed in the industry along with UAE market entry strategies & future manners forward for K12 E-Learning to move ahead. The UAE market analysis report discusses detailed competition analysis in e-learning and achieves with analyst recommendations conveying a go-to-model for the industry.  

In addition, the activity kit industry experienced double-digit revenue and subscriber growth during the review period. Moving lifestyle with a growing number of dual working parents and rising screen time of kids, has led to the require of self-engaging, enjoyable and educational solution such as activity kits.

Moreover, the high internet penetration, growing working populace, and an augmenting the number of single families have led to the growth of e-grocery services around the UAE.  The number of organizations offering grocery delivery services in the UAE has augmented over the years. Companies have enlarged their product portfolios from food & beverages to household supplies, baby food, fresh food, fish & meat, and several other product categories. Based on the region, the Dubai and Abu Dhabi mapped as foremost cities based on demand and supply of online grocery services. This is majorly owing to the concentration of populace in these regions. Working professionals, who are the foremost end-users of online grocery delivery services, are concerted around Dubai and Abu Dhabi. Companies are projected to aim on enlarging tie ups with suppliers & grocery stores to fulfill consumer orders. The demand is projected to be propelled by upcoming technologies such as Drone Delivery, Warehouse Automation, Voice Ordering and several others. Market consolidation is projected in future as players with heavy financial backing and better brand value will obtain the small players.

Not only has this, the UAE has a robust freight forwarding market possessing to the strategic geographical position on the trans-continental trade route and multi-modal connectivity around the UAE. Sea freight registers the freight forwarding market in terms of volume owing to the expansion of sea ports and improvement of free zones. Industry and retail is the foremost end user in terms of revenue around the freight forwarding market of UAE.

UAE Warehousing Market has augmented at a consistent rate during 2013-2019 because of increment in investments around the economy in the manufacturing segment. Warehouses are majorly located near the free zone to confirm the fast delivery and proficient movement of products around the borders. The warehousing companies require to obtain the license for handling precise products such as pharmaceuticals. Warehousing market has started implementing the advanced technology such as WMS, block chain, RFID tags to confirm efficient functions. Along with warehousing, the requirement for value added services has also augmented in the UAE.

UAE E-commerce Logistics Market has observed exponential growth due to the increasing technological improvements, favorable consumer demographics and efficient mobile and internet penetration. High dependence of foreign trade is also a major reason for e-commerce growth across UAE. Government has also helped the growth of e-commerce through advancement of free zones for e-commerce industries.

The logistics industry is probable to observe the entry of new players and new mergers and acquisition amongst the players. The growing requirement of perishable products in the country will consequently increase the requirement for fast delivery affecting cold chain markets of UAE. In addition to this, growing investments in the manufacturing segment aiming to encourage the economic diversification will pave a path of growth trajectory for logistics and warehousing market of the UAE.

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UAE Market Research Reports

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UAE Market Overview and Size, Future Outlook, Market Entry Strategy, Research Reports on single platform: Ken Research

 The UAE has been efficaciously diversifying its economy, precisely in Dubai, but still remains severely depend on the revenues from petroleum and natural gas, which undergo to play an essential role in its economy, definitely in Abu Dhabi. Additionally, tourism is one of the superior non-oil sources of revenue in the UAE, with some of the world’s most exclusive hotels being based in the UAE. A massive construction boom, a broadening manufacturing base, and a thriving services segment are supportive the UAE diversify its economy.

The UAE is a principally import-oriented market.  The top import products of the country comprise Jewellery, Electronic Products, Automotive Products, Refined Petroleum and Gold. The country is not a manufacturing hub and is therefore majorly reliant on imports for Retail and Consumer Products as well. The foremost import origins for the country are China, India, US, Germany and the UK.

The UAE is one of the principal producers and Exporters of Oil around the world, with its large Oil reserves majorly in Abu Dhabi. Its foremost export products comprise Crude Petroleum, Refined Petroleum, Petroleum Gas, Gold and Diamonds. The top export destinations for the country are Japan, India, South Korea, China and Singapore.

The economy of the United Arab Emirates is the second chief around the Middle East however, its economy remains tremendously reliant on petroleum. Whereas, the industry of logistics around the UAE is one of the top 5 logistics markets around the globe, conveyed the favourable location of UAE at the intersection of Africa, Asia and Europe. UAE Market Research Reports advises that growth in the industry has been stimulated owing to the great comfort of doing business in the Emirates, owing to which the region is home to a lot of international and multi-national brands.

UAE Industry Market Reports of Ken Research states that E-commerce industry in UAE has observed an upward trajectory over the past 5-6 years with an augment in internet penetration around the region.  The UAE enjoys several advantages that make it ideal for e-commerce growth. Its customer demographic comprises  of a young internet-savvy population, with high social media utilization. Appreciation in the number of smart phones in the region, high consumer confidence, transforming consumer preferences, etc. has increased the growth of e-commerce leading surging requirement for e-commerce logistics as well in the country. Dubai, Abu Dhabi and Sharjah have emerged as the foremost hub for demand and supply of the e-commerce logistics. The COVID-19 pandemic has also pushed the requirement in the market as the requirement for social distancing has forced individual to rely on online shopping. The growth in the E-commerce orders for logistics has been majorly propelled with an augment in internet affinity and requirement for value added services.

UAE Market Analysis Report delivers a comprehensive analysis of several respective market such as logistics and warehousing market of UAE, real estate space withing UAE and others. The report covers the overall size and future outlook of UAE market in terms of value, segmentation on the basis of service mix, by geography, by ownership and by type of industries. The report also covers the competitive landscape and company profiles of major Companies in UAE. The report concludes with market projections for future and analyst recommendations highlighting the major opportunities and challenges.

Although, UAE Market Growth Reports conveys the UAE Market Overview and Size basis revenue and a number of subscribers of the activity kit subscription industry across UAE, supply ecosystem analysis, subscriber profile basis numerous socio-demographic variables, market subdivision, business model analysis, revenue stream analysis competition benchmarking, UAE Market Entry Strategy, porter five force analysis, BCG Matrix analysis, COVID impression, future predictions and probable trends & challenges. The UAE country research reports concludes with UAE market future outlook and analyst recommendations highlighting the major opportunities and functioning of the foremost players.

Moreover, the UAE Market Research Reports of Ken Research states the COVID-19 situation has hit worldwide supply chains largely, the UAE has been moderately less impacted. The logistics market in the country is projected to augment on the back of new technologies such as Automation, Blockchain and Internet of Things, which will be explored to augment efficiency, develop the customer experience and improve service quality. The pharma logistics segment and the e-commerce logistics segment are projected to propel growth in the future, given the predict increment in medical products demands post COVID-19 and the increasing penetration of e-commerce in the country.

Moreover, the UAE Government launched the “Vision 2021” plan, for the economic and social development of the country. From 2017 and ahead, the total number of international players in each respective submarket augmented. Newer sectors such as townhouses, and co-working spaces, smart and green buildings gained traction in the market. Based on the global growth that took place in co-working spaces, it is projected that UAE market future outlook will experience steady growth in the co-working space during the upcoming years. Approximately, half of the blue-chip entities will have some sort of shared office space by end of 2020. The majority of co-working space wage-earners propose to either enter into a partnership or have a lease agreement with landlords.

Not only has this, UAE has a robust freight forwarding market owning to the strategic geographical position on the trans-continental trade way and multi-modal connectivity in UAE. Sea freight registers the freight forwarding market in terms of volume owing to the expansion of sea ports and improvement of free zones. Industry and retail are the foremost end user in terms of revenue in freight forwarding market of UAE.

Based on the UAE country research reports, the logistics industry is probable to witness entry of new players and new mergers and acquisition among the players. The growing requirement of perishable products in the country will consequently increase the requirement for fast delivery affecting cold chain markets of UAE. In addition to this, growing investments in the manufacturing segment aiming to encourage economic diversification will pave a path of growth trajectory for logistics and warehousing market of UAE.

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UAE Industry Market Research Reports 

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UAE Market Research Reports, UAE Market Future Outlook, UAE Market Entry Strategy on an Individual Platform: Ken Research

The UAE has been successfully diversifying its economy, specifically in Dubai, but still remains heavily depend on the revenues from petroleum and natural gas, which endure to play an essential role in its economy, specifically in Abu Dhabi. Additionally, tourism is one of the bigger non-oil sources of revenue in the UAE, with some of the world's most expensive hotels being based in the UAE. A massive construction boom, an enlarging manufacturing base, and a thriving services sector are supporting the UAE diversify its economy.

The economy of the United Arab Emirates is the second chief in the Middle East however, its economy remains extremely reliant on petroleum. Whereas, the industry of logistics in the UAE is one of the top 5 logistics markets across the globe, conveyed the favorable location of UAE at the intersection of Africa, Asia and Europe. UAE Market Research Reports proposes that growth in the industry has been stimulated due to the great ease of doing business in the Emirates, due to which the country is home to a lot of international and multi-national brands.

The UAE Market Research Reports states that the UAE Car Rental, Leasing and Limousine Market were witnessed to grow with a stable growth pattern during the review period 2014-2019 whereas the market observed a downfall in the year 2020 due to the COVID impact. Aspects such as government’s sustainability initiatives, increasing growth of tourist footfall, increasing SME industry and others have supported the UAE Car Rental, Leasing and Limousine market to augment in terms of revenue.    

Although, the UAE Industry market report aims on market segmentation in terms of Revenue and Fleet size for Leasing entities, By Type of Emirates (Dubai, Abu Dhabi, Sharjah and others), By Type of Cars (Economy, Pick Ups, SUV, and Luxury), By Duration (1 Year, 2 Year, 3 year ad 3+ Years), By Type of Car Leased (Individual and corporate), By End User (Facility Management, Industrial segment, Food Services, Logistics, Oil and Gas, Government & Associations and several others). 

The UAE Country Research Reports aims on market segmentation in terms of Revenue and Fleet size for Limousine entities, By Type of Emirates (Dubai, Abu Dhabi, Sharjah, and others), By Number of Airport Bookings (Airport and Off-Airport), By Type of Cars (Standard, Large, Luxury and Ultra Luxury), By Source of Payment (Direct from customers and corporate payments), By Business (Event and Non- Event Business), By Number of Limousine entities in Emirates (Dubai, Abu Dhabi, Sharjah and others), By Purpose (Cab and Non-Cab entities) and By Type of limousine (Leisure and Corporate).

The UAE Market Analysis Report also covers the entire comparative landscape, trends and growth drivers, issues and challenge and government guidelines. The UAE Market Future Outlook report entails with future projections and analyst recommendations highlighting the foremost opportunities and cautions.

In addition, our UAE Market Research Reports delivers a comprehensive analysis of the Activity Kit Subscription Industry and K12 E-Learning Industry around UAE. The report delivers the UAE Market Overview and Size basis revenue and a number of subscribers of the activity kit subscription industry around UAE, supply ecosystem analysis, subscriber profile basis several socio-demographic variables, market segmentation, business model analysis, revenue stream analysis competition benchmarking, porter five force analysis, BCG Matrix analysis, COVID impact, future projections and projected trends & challenges.

UAE Market Analysis Report states the activity kit industry around UAE is at its nascent stage and has infiltrated <0.5% of its target addressable market. The mainstream of activity kit subscription breadwinners entered the industry post-2017. The industry witnessed double-digit revenue and subscriber growth in the review period. Transforming lifestyle with an augmenting number of dual working parents and growing screen time of kids, has led to the requirement of self-engaging, fun and educational solution such as activity kits.

The K12 E-Learning industry is as its growth stage around UAE. The industry across UAE has obtained pace after 2017 and is becoming famous majorly amongst the Expats. The industry revenue is increasing with a double-digit CAGR. High average household income, the restricted number of offline options, increasing awareness about experiential learning growing fee of private tutors and transforming family set-up has lead to an augmenting the number of paid e-learning users.  

Perhaps, reliant on our reports of UAE Market Entry Strategy, the UAE also has a robust warehousing market segment, propelled by players that lease warehousing space for long durations of time. Warehousing functions near to the Jebel Ali Port and Dubai Airport are measured most favourable to decrease the transportation cost from port to mother-hub. The Courier, Express and Parcel market is propelled by growth in Last-Mile deliveries and the E-Commerce sector in the country.

While the COVID-19 situation has hit worldwide supply chains largely, the UAE Market Future Outlook has been comparatively less obstructed. The logistics market in the country is projected to grow on the back of fresh and innovative technologies such as Automation, Blockchain and Internet of Things, which will be discovered to increase efficiency, develop customer experience and improve the service quality. The pharma logistics segment and the e-commerce logistics sector are projected to drive growth in the future, delivered the expected increase in medical products requirements post COVID-19 and the increasing the penetration of e-commerce in the country.

Although, UAE Industry Market Reports prophesied that the industry is home to an extremely strong Freight Forwarding section, propelled by the UAE’s position as a foremost facilitator for international re-exports. Moreover, delivered its high dependence on Imports for Consumer Products and Technology, the UAE has vigorous trade relations with far-Eastern regions, European regions and the US. Provided its oil-producing aptitudes, the country relies profoundly on Sea Freight as a mode of cargo transport, with the service being almost a communal feature amongst freight forwarding corporates in the country.

We also convey UAE Market Entry Strategy reports. The report concludes with UAE Market Future Outlook and analyst commendations highlighting the primary opportunities and cautions.

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UAE Industry Market Research Reports 

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United Arab Emirates (UAE) Market Research Reports: Ken Research

Positioned as an important economy of Middle East, The United Arab Emirates (UAE) represents seven emirates including Abu Dhabi, Ajman, Dubai, and Fujairah, Ras al-Khaimah, Sharjah and Umm al-Quwain. President and Vice President Selections are based on Federal Supreme Council. UAE is known for its oil reserves where it stands on 7^th place in World ranking also in natural gas reserves country holds 17^th place in worldwide ranking.

In Gulf Council, UAE economy is known to be most diversified with its strongest country Dubai which is acknowledged for its business worldwide and trade of petroleum and natural gas. In GCC region, UAE falls on second place considering largest economy with GDP of USD 370 billion in 2015.

GDP Composition by End Use

Particulars                                             Percentage (%)

Household Consumption                    61.1%

Government Consumption                 9.3%

Investment in Fixed Capital                29.7%

Investment in Inventories                   0.7%

Exports of Goods and Services           81.5%

Imports of Goods and Services           -82.3%

Source: CIA World face book

UAE economy has a major dependence on petroleum and natural gas with almost 80% of the revenue comes from oil exports. Dubai which is considered as business hub is one of the known tourist destination which act as a driving force to the economy of the country. Dubai tourism attracts various investment opportunities and has given boost to the real restate and hospitality sectors.

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249