Childrenswear in the United Arab Emirates - New Study Released
New Consumer Goods market report from Euromonitor International: "Childrenswear in the United Arab Emirates"
[USPRwire, Fri Oct 17 2014] The economic recovery and strength of the region, which are underpinning the growing consumer confidence, are the leading stories for childrenswear in 2013. The economic stability in the region has led to a recovery in the birth rates which had taken a hit over the earlier part of the review period. There is thus a rise in the number of children in the UAE and this has positively impacted value sales of childrenswear. The increasing popularity of premium and luxury brands in the UAE is another trend that has extended to childrenswear and is driving category growth.
Competitive Landscape
Childrenswear in the UAE continues to be dominated by a limited number of companies, with the top five players accounting for about 41% of category value. The remaining 59% is fragmented across numerous players. Landmark Group remains the leading player with a 14% share of value sales. M H Alshaya Co ranks second with a 14% share, and finally, Carter’s Inc is third with a 5% share. These companies dominate childrenswear in the UAE because they benefit from a large network of outlets that focus on areas with high footfall. They are distributors of a large portfolio of leading global brands and are thus well positioned to leverage the return in consumer confidence and spending in the region.
Childrenswear is expected to see a value CAGR of 6% at constant 2013 prices, over the forecast period. This is in contrast to the nominal review period CAGR. Childrenswear’s growth rates reflect the predicted rises in birth rates for the region, which in turn are expected to lead to a higher number of toddlers and children in the UAE over the forecast period. Consumers’ disposable incomes are also anticipated to rise over the forecast period, leading to more expenditure. These trends, in addition to the increase in shopping tourism for the region - for which childrenswear shopping is a leading attraction - are set to positively impact growth rates for childrenswear, hence the stronger growth rates predicted.
Report Overview
Discover the latest market trends and uncover sources of future market growth for the Childrenswear industry in United Arab Emirates with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Childrenswear industry in United Arab Emirates, our research will save you time and money while empowering you to make informed, profitable decisions.
The Childrenswear in United Arab Emirates market research report includes:
* Analysis of key supply-side and demand trends
* Detailed segmentation of international and local products
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