Duty Free and Travel Retail Market Key Opportunity, Application and Forecast to 2026

New report on the Duty Free and Travel Retail market conducts a detailed investigation of the latest and future scenarios of the industry. The report also illustrates the business’s key trends and expansion opportunities along with the obstacles that are negatively impacting the market growth.  The study provides past and latest data updates of the various market segments to identify several avenues for business expansion, as well as offers verifiable projections pertaining to market share, market size, and growth rate of the industry over the review timeline. Moreover, the report entails invaluable data based on the consumption and pricing patterns pursued by a definite representation of the competitive space.

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Executive Summary

The Global Duty Free & Travel Retail Market was valued at USD 29.89 Billion in the year 2020. The growing demand for retail chains that offer luxury and premium brands of various products is augmenting the growth of the duty-free and travel retail market. The distribution channels offer value to passengers, enhance their experiences while travelling, and add value to economic activities, hence, paving way for the growth in the market during the forecast period 2021-2026.

Based on Product, the market is segmented into Wines & Spirits, Fashion & Accessories, Fragrances & Cosmetics, Tobacco Goods and Others. The Fragrances and Cosmetics segment is expected to grow at a higher CAGR during the forecast period. The growth of fragrances and perfumes in the travel retail market is primarily influenced by unpredictable and continuously changing fashion trends. Thus, the key market players are focusing on developing exciting, unique, and new fragrances to attract different consumer groups across the world.

APAC is expected to hold the largest market share in the Global Duty Free & Travel Retail market in 2026. APAC is also expected to be the fastest growing region as well owing to the rising consumer base in the countries including India, China, and South Korea. Furthermore, there is an increasing travel expenditure by the consumers of the regions owing to the increase in the per capita income which is poised to propel the market growth of the Duty Free and Travel Retail market forecast period 2021-2026.

The growing demand from retail chains that offer luxury and premium brands of various products is augmenting the growth of the duty-free and travel retail market. Several companies are partnering with duty-free stores to launch their limited or exclusive products, which is driving the market growth.

Scope of the Report

• The report presents the analysis of Duty Free & Travel Retail market for the historical period of 2016-2020 and the forecast period of 2021-2026.

• The report analyses the Duty Free & Travel Retail Market by Value (USD Million).

• The report analyses the Duty Free & Travel Retail Market by Location (Airlines, Airport Shops, Ferries, Other Shops).

• The report analyses the Duty Free & Travel Retail Market by Product (Wines & Spirits, Fashion & Accessories, Fragrances & Cosmetics, Tobacco Goods, Others).

• The Global Duty Free & Travel Retail Market has been analysed by countries (United States, Canada, United Kingdom, Italy, France, Germany, China, Japan, India, Australia).

• The key insights of the report have been presented through the frameworks of SWOT and Porter’s Five Forces Analysis. Also, the attractiveness of the market has been presented by region, by Location and Product.

• Also, the major opportunities, trends, drivers and challenges of the industry have been analysed in the report.

• The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include Dufry, WH Smith, B&M, Kingfisher, Dublin Airport Authority, Japan Airport Terminal Co., Tallink Group, Duty Free Americas, Gebr. Heinemann SE & CO.KG, Qatar Duty Free.

Key Target Audience

• Duty Free & Travel Retail Industry Vendors

• Major Airports

• Consulting and Advisory Firms

• Government and Policy Makers

• Regulatory Authorities

For More Details On this Report: https://www.marketstudyreport.com/reports/global-duty-free-and-travel-retail-market-analysis-by-location-airlines-airport-shops-ferries-others-by-product-by-region-by-country-2021-edition-market-insights-forecast-with-impact-of-covid-19-2021-2026?utm_source=Marketwatch.com&utm_medium=Ram

 

Key Indicators Analyzed

  • Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
  • Global and Regional Market Analysis: The report includes Global & Regional market status and outlook. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
  • Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
  • Opportunities and Drivers: Identifying the Growing Demands and New Technology
  • Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

  • To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
  • Assess the production processes, major issues, and solutions to mitigate the development risk.
  • To understand the most affecting driving and restraining forces in the market and its impact in the global market.
  • Learn about the market strategies that are being adopted by leading respective organizations.

 

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