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Personal Luxury Goods Market in GCC 2023: Industry Overview, Size, Share and Forecast Till 2028 | Syndicated Analytics
Submitted 1 year ago by peter perker • gcc-personal-luxury-goods-market-size-share-industry-analysis-2023-2028
The elevating levels of globalization, along with the increasing presence of international luxury brands, are primarily driving the GCC personal luxury goods market. In addition to this, improving consumer living standards and inflating disposable incomes of individuals are further propelling the market growth. Moreover, the emerging western fashion trends and the growing working women population across the region are also catalyzing the demand for personal luxury goods. Apart from this, the expanding tourism sector, particularly in Dubai and UAE, coupled with relaxed trade barrier policies of numerous developed GCC nations, is contributing to the market growth.