Revenue Distribution Among the Top 100 Saudi Arabian Online Stores 2023

How Was the eCommerce Revenue Distributed among the Top Stores in the Saudi Arabian Market in 2023?

In 2023, the Saudi Arabian eCommerce market exhibited a notable concentration of market power among the top retailers. The top 1-5 stores collectively commanded a significant 54.6% share of the total net sales, showcasing their dominant position within the industry. This substantial market share underscores the influence and reach these major players possess in attracting and retaining customers. Following closely behind, the next tier of retailers, ranked 6-25, held a 28.8% share of the net sales, indicating a substantial but slightly lesser degree of market capture compared to the top 5. This suggests a competitive environment among these mid-sized retailers, who, while significant in their own right, do not wield the same market dominance as the leading retailers. Moving down the hierarchy, the top 26-100 stores accounted for 16.6% of the net sales, highlighting a more dispersed market presence among a larger group of competitors. These retailers may cater to more specialized consumer segments or niche markets, given their lower market share compared to the top players.

Main Facts: Net Sales Distribution among the Top Saudi Arabian eCommerce Stores in 2023

• Dominant Leaders: In the Saudi Arabian eCommerce market of 2023, the top 1-5 stores commanded a majority with 54.6% of net sales.
• Significant Middle Tier: The top 6-25 stores held a considerable 28.8% share, demonstrating their robust presence.
• Fragmented Lower Tier: The top 26-100 stores collectively managed 16.6% of net sales, indicating a more dispersed market influence.