Print Advertising - GCC

GCC

Highlights

Ad spending in the Print Advertising market in the GCC is forecasted to reach US$168.10m in 2024.
The largest market within Print Advertising market is Newspaper Advertising with a market volume of US$124.30m in 2024.
When compared globally, the highest ad spending is anticipated the United States with US$9.61bn in 2024.
By 2030, the number of readers in the Print Advertising market in the GCC is expected to reach 0.0users.
The average ad spending per reader in the Newspaper Advertising market is projected to be US$10.77 in 2024.
Print advertising in the GCC is experiencing a resurgence due to the region's high readership rates and the trust placed in traditional media channels.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Print Advertising market in GCC has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the GCC region have shifted towards print advertising due to its tangible nature and credibility. Consumers in the region still value traditional forms of advertising, such as newspapers and magazines, as they provide a sense of trust and reliability. Additionally, print advertising allows for better targeting of specific demographics, which is highly valued by advertisers in the region. Trends in the market also contribute to the development of the Print Advertising market in GCC. One notable trend is the increasing use of localized content in print advertisements. Advertisers are recognizing the importance of cultural relevance and are tailoring their campaigns to resonate with the local population. This trend has led to a higher engagement rate and better response from consumers. Another trend is the integration of digital elements into print advertising. Advertisers are leveraging technology to enhance the effectiveness of their print campaigns. For example, QR codes and augmented reality are being used to provide interactive experiences for consumers, bridging the gap between print and digital advertising. Local special circumstances in the GCC region further contribute to the growth of the Print Advertising market. The region has a high literacy rate, with a significant portion of the population regularly reading newspapers and magazines. This provides a captive audience for print advertisers and increases the reach and effectiveness of their campaigns. Underlying macroeconomic factors also play a role in the development of the Print Advertising market in GCC. The region has seen steady economic growth, resulting in increased consumer spending power. This has led to higher advertising budgets and increased demand for print advertising services. In conclusion, the Print Advertising market in GCC is experiencing growth due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Advertisers in the region are recognizing the value of print advertising and are leveraging it to effectively reach their target audience. As the market continues to evolve, it is expected that print advertising will remain a significant part of the advertising landscape in the GCC region.

Data coverage:

Data encompasses enterprises (B2B). Figures are based on print advertising spending and exclude agency commissions, rebates, production costs, and taxes. The market covers advertising in physical print editions (newspapers and magazines).

Modeling approach:

Market size is determined by a combined top-down and bottom-up approach. We use industry association reports, third-party reports, and survey results from our primary research (e.g., Consumer Insights Global Survey) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP, population, urban population, and education index.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the market. For instance, the S-curve function is well suited to forecast digital products due to the non-linear growth of technology adoption, whereas exponential trend smoothing (ETS) is more suited for projecting steady growth in traditional advertising markets.

Additional notes:

Data is modeled using current exchange rates. The impacts of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice per year in case market dynamics change.