Saudi Arabia Retail Market Size by Sector and Channel including Online Retail, Key Players and Forecast to 2027

Saudi Arabia Retail Market Size by Sector and Channel including Online Retail, Key Players and Forecast to 2027
Summary

This report uses data from GlobalData’s Retail database showing the trends in the market and sectors by value. It also reveals the major retailers by market share in 2022 in each of the sectors.

This report provides both the historical and forecast market data of total retail sales in the Saudi Arabia. It illustrates the data with charts, graphs and tables summarizing the value trends, with individual sector details in overall retail. The report also reveals major retailers in each sector and their market share along with their price and market positioning in 2022.

ScopeThe overall retail industry in Saudi Arabia is forecast to grow at a CAGR of 4.6% between 2022 and 2027 to reach SAR 727.2 bn.Food & Grocery is the dominating sector with SAR 220.1 bn in 2022 but clothing & footwear is the fastest growing sector, which will grow at 5.7% CAGR between 2022-2027 to reach SAR 109.1 bn.Hypermarkets, supermarkets and hard discounters is the leading channel, but Online channel is expected to see the maximum growth during the forecast period, registering a CAGR of 14.0% between 2022-2027 to reach SAR 75.8 bn.The Saudi Arabia retail industry is dominated by mass market playersReasons to BuyGain a comprehensive view of the Saudi Arabia retail industry and forecasts to 2027Explore new opportunities that will allow you to align your product offerings and strategies to meet demand following the impact of recent events on the retail market in Saudi ArabiaInvestigate current and forecast trends in the Saudi Arabia retail sectors to identify the opportunities offering the most potentialUnderstand who the main competitors are in the sectors and their price positioning