1 / 6

Duty Free Retailing Market 2020 Global Size, Industry Applications, Sales Revenue, Share, Recent Trends, Competitive Lan

The global duty free retailing market size is projected to be worth USD 112.75 billion by 2025.

MargaretsHill
Download Presentation

Duty Free Retailing Market 2020 Global Size, Industry Applications, Sales Revenue, Share, Recent Trends, Competitive Lan

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Adroit Market Research Global Duty Free Retailing Market Size 2018 by Type (Perfumes and Cosmetics, Alcohol, Tobacco Goods, Confectionary and Food, Fashion and Accessories, Watches and Jewelry and Others), by Distribution Channel (Airports, Onboard Aircrafts, Seaports, Train Stations and Others), by Region and Forecast 2019 to 2025 Single Use License: US$ 4400 Request Sample +1 (214) 884-6068 sales@adroitmarketresearch.com www.adroitmarketresearch.com

  2. Adroit Market Research Increasing International Tourism To Augment The Growth Of Duty Free Increasing International Tourism To Augment The Growth Of Duty Free Retailing Market Retailing Market The global duty free retailing market is expected to be worth USD 112.75 billion by 2025. Increasing number of low cost airlines is leading to an increase in the number of tourists which is further driving the sales of several goods at duty free retail stores at diverse areas including airports, seaports and downtown stores. Increasing tourism especially in Asia-Pacific and Europe is another key aspect driving the growth of the global duty free retailing market. The downtown duty free retail stores are a lucrative opportunity for the global industry. The concept of selling duty free products outside the airport area is popular only in few countries. The importance of downtown stores can be measured by the fact that the world’s major duty free retailing market South Korea touched sales of around 55% exclusively from the downtown shops. Japan and China are rivalling this trend, for instance, the China Duty Free Group recently inaugurated the world’s largest duty free store located at Hainan Island. Based on type, the global duty free retailing market is bifurcated into perfumes & cosmetics, alcohol, tobacco goods, confectionary & food, fashion & accessories, watches & jewelry, others (stationary, electronics, etc.). The perfumes & cosmetics segment dominated the market with a share of nearly 36% in 2017. This is majorly due to increasing demand for international perfumes and premium cosmetic products. Moreover, increasing demand for such products especially for gift purposes is a major aspect driving the growth of this segment. Tobacco goods segment is expected to witness the fastest growth on account of increasing trade of tobacco products especially from South America and U.S. Low prices, ease of availability and wide range of tobacco products at duty free retail stores are some key factors driving the growth of this segment. +1 (214) 884-6068 sales@adroitmarketresearch.com www.adroitmarketresearch.com

  3. Adroit Market Research Increasing International Tourism To Augment The Growth Of Duty Free Increasing International Tourism To Augment The Growth Of Duty Free Retailing Market Retailing Market Based on distribution channel, the global duty free retailing market is fragmented into airports, onboard aircrafts, seaports, train stations and others. Airports segment dominates the market due to huge footfall of travelers at airports. Moreover, travelers prefer shopping from duty free retail stores at airports mainly due to the highly maintained stores as well as presence of a wide variety of products. Asia-Pacific dominated the market with a share of nearly 42% in 2017. This is mainly because of the increasing disposable incomes of people coupled with rising international tourism. Also, increased number of international students especially in China and India is another key factor driving the growth of this region. However, Middle East & Africa is expected to witness the fastest growth over the forecast period on account of rising number of Haj tourists in Saudi Arabia coupled with increasing business and job opportunities in Turkey and UAE. As a strategic step, several companies in the global duty free retailing market are following expansions and acquisitions. The major players in the global duty free retailing market include Lagardère Travel Retail, Dufry, Lotte Duty-Free, Dubai Duty- Free, Aer Rianta International (ARI), James Richardson Corporation, China Duty-Free Group and LVMH among others. Browse the complete report on @ https://www.adroitmarketresearch.com/industry-reports/duty-free-retailing- market +1 (214) 884-6068 sales@adroitmarketresearch.com www.adroitmarketresearch.com

  4. Adroit Market Research Key segments of the global duty free Key segments of the global duty free retailing market retailing market Type Overview, 2015-2025 (USD Billion) Perfumes & Cosmetics Alcohol Tobacco Goods Confectionary & Food Fashion & Accessories Watches & Jewellery Others (stationary, electronics, etc.) Distribution Channel Overview, 2015-2025 (USD Billion) Airports Onboard Aircrafts Seaports Train Stations Others (Downtown shops) +1 (214) 884-6068 sales@adroitmarketresearch.com www.adroitmarketresearch.com

  5. Adroit Market Research Key segments of the global duty free Key segments of the global duty free retailing market retailing market Regional Overview, 2015-2025 (USD million) (Kilo tons) • North America • Europe • Asia Pacific • Central & South America • Middle East & Africa Purchase a single user copy of the global duty free retailing market report@ https://adroitmarketresearch.com/researchreport/purchase/876 +1 (214) 884-6068 sales@adroitmarketresearch.com www.adroitmarketresearch.com

  6. Adroit Market Research About Us About Us Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps. Our analysts have tracked high growth markets in chemicals & materials, healthcare & pharmaceuticals, semiconductor & electronics, energy & power, food & retail, consumer goods, technology, and machinery & equipment sectors across the world to identify new opportunities, potential customers, prepare go-to-market (GTM) strategies, identify segments for revenue growth for companies, and manymore. Contact Us US Headquarters Phone: +1 (214) 884-6068 Email: sales@adroitmarketresearch.com 3131 McKinney Ave Ste 600 Dallas, TX 75204 ,U.S.A +1 (214) 884-6068 sales@adroitmarketresearch.com www.adroitmarketresearch.com

More Related