Saudi Arabia Online Fashion Market is Expected to reach around SAR 4.6 billion by 2022: Ken Research

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Saudi Arabia Online Fashion market by type (Apparel, Fashion Accessories and Footwear), by region (Riyadh, Jeddah, Mecca, Medina, Dammam and Others), by price range (Economy, Mass, Premium and Elite).Company Profile of Major players in Online fashion market (Namshi General Trading LLC, JollyChic, Wadi General Trading LLC, Souq Group Pvt. Ltd., MarkaVIP, Ubuy, Basicxx, Sivvi, Elabelz, Noon, Bershka, Yoox.com and NextDirect).

February 2018 |Saudi Arabia News 

  • Entrance of international players and trending products will drive the sale of fashion products on E-commerce portals.
  • Interest free EMIs, credit card discounts and cash back offers will make large and expensive items affordable which will drive the online market.

Saudi Arabia online fashion market growth will be mainly driven by rise in easy availability of the size, information accessibility of product on the website, increase in the fashion trends, effortless return & exchange of products and growing penetration of internet and smart phones. Increased competition from new players entering the market as well as fast changing technology is expected to further disrupt the market. Market will be driven by addition of more promotional offers such as interest free installments, discounts on transaction done through debit and credit cards and cash backs offers, boost in smart phone shipment and falling cost of internet and smartphones. Improving technology and added features in phone will further promote the use of mobile applications, payments and others for online transactions.

Analysts at Ken Research in their latest publication Saudi Arabia Online Fashion Industry Outlook to 2022 – By Apparel, Footwear and Fashion Accessories, By Menswear, Women wear, Kids wear, by Footwear (Sneakers, Flip-Flops, Sandals, Boots), by Apparel (Top, Dresses and Bottom, Jackets, Shirts and Shorts) suggested that the GMV for online fashion market increased at a significant growth rate i.e. 37% during the period 2016-2017, which has resulted from people shifting to online market. Discount and promotional offers played a key role in attracting customers on E-commerce markets which helped online players to create a base for loyal customers who want to shop online along with reaching out to the prospective customers by promotional offers.

Saudi Arabia online fashion market is expected to register positive CAGR of 20.2% during the period 2017-2022. Commitment to regularize market, transparent pricing and technological know-how along with improving market consolidation are expected to have positive impact on the overall GMV of the online fashion market.

Keywords

Saudi Arabia Online Fashion Market

Saudi Arabia Online Apparel Industry

KSA Online Footwear GMV

Saudi Arabia Online Accessories Revenue

Competition E-commerce KSA

Saudi Arabia Online Plus Wear Market

E-commerce Logistics Saudi Arabia

Online Fashion Future Saudi Arabia

Consumer Online Buying Behavior Saudi Arabia

Online Product Buying Preference Saudi Arabia

Online Mode of Payment Saudi Arabia

Online Desktop Search Saudi Arabia

Online Mobile Search Saudi Arabia

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Men Apparel Online Market Saudi Arabia

Kids Apparel Online Market Saudi Arabia

Women Footwear Online Market Saudi Arabia

Men Footwear Online Market Saudi Arabia

Kids Footwear Online Market Saudi Arabia

Women Accessories Online Market Saudi Arabia

Men Accessories Online Market Saudi Arabia

Kids Accessories Online Market Saudi Arabia

Online Belts Market Saudi Arabia

Online Hand Bags Market Saudi Arabia

Online Imitation Jewelry Market Saudi Arabia

Online Flip-Flops Market Saudi Arabia

Online Sandals Market Saudi Arabia

Online Sneakers Market Saudi Arabia

Online Watches Market Saudi Arabia

Online Dresses Market Saudi Arabia

Online Tops Market Saudi Arabia

Online Bottoms Market Saudi Arabia

Online Jackets Market Saudi Arabia

Maternity Wear Online Saudi Arabia

Online Plus Wear Market KSA

Online Arabia Clothing Market KSA

Online Party Wear Sales KSA

Casual Wear Online Revenue KSA

Formal Wear Sales KSA Online

Namshi Market Share Saudi Arabia

Souq.com Sales Fashion Saudi Arabia

JollyChic Sales Saudi Arabia

Wadi GMV Saudi Arabia

For more information about the publication, refer to below link:

https://www.kenresearch.com/technology-and-telecom/it-and-ites/saudi-arabia-online-fashion-market/143000-105.html

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Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
sales@kenresearch.com
+91-9015378249

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