Duty Free Retailing Market 2021 : Demand, Trend, Product, Services, Custom Duty, Sales Channel, Vendors, Future Developments & Investment Opportunities by 2025
The duty free retailing market is majorly driven by increasing growth of travel and tourism industry coupled with rising penetration of low cost airlines.
Dallas, United States – May 29, 2021 /MarketersMedia/ —
Fast Expanding Tourism Industry to Bode Well with Global Duty Free Retailing Market Growth
The travel and tourism industry is a rapidly thriving industry on the back of manifold increase in disposable income as well as affordable pricing strategy of transportation system. This spectacular boom in tourism industry is expected to bode well with global duty free retailing market owing to surged consumer preferences for luxury shopping. Popular categories comprise liquor, personal care products, apparels, confectionary and the like. With tremendous growth in travel retail in tandem with airport retail in particular, in addition to liberal exemptions, the global duty free retailing market is en route towards stupendous growth spurt in forthcoming years. According to Adroit Market Research’s (AMR) recent report addition titled, ‘Global Duty Free Retailing Market by Type, Distribution Channel, and Region’ the global duty free retailing market is poised to amass a total of USD 112.75 billion by 2025.
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Leading Duty Free Retail Chain Contemplating New Stores in MEA
Although train and road travel also come within the ambit of duty free retailing, the sea and air route continue to witness novel opportunities, enabling a steady rise in global duty free retailing market. Further, growing opportunities for retailers to exhibit at international airports, especially across emerging economies such as Asia Pacific are considered to further amplify growth opportunities in global duty free retailing market. Besides holding up with dynamic retail options, retailers are also inclined towards learning multiple languages to overcome language barriers, thus communicating flawlessly with potential customers. These novel strategies are further improvising growth possibilities in global duty free retailing market.
Industry veterans are ceaselessly striving to mark their dominance in a steadily progressing global duty free retailing landscape. Amongst major winning growth strategies, launch of novel stores across various airports has remained a staple. In a recent development, Lindt & Sprüngli Travel Retail has entered into a partnership program with Dufry, best known for its expansive range of duty free products. Additionally, Dufry is also contemplating further store extensions in the MEA region where travel and tourism industry is highly remunerative. Developments as such are likely to influence tremendous revenues in global duty free retailing market in forthcoming years.
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Tobacco Likely to Experience Tremendous Consumer Demands
The report is a comprehensive handbook of major market developments, highlighting breakthrough opportunities, drivers, restraints, threats, and opportunities in global duty free retailing market. The report chiefly highlights market segments and their revenue generation trends. By segments global duty free retailing market is segregated into type and distribution channel. By type global duty free retailing market is splintered into perfumes and cosmetics, alcohol, confectionary, tobacco, jewelry amongst others. By distribution channel, airports, onboard aircrafts, seaports, and train stations amongst others are accounted as major distribution channels in global duty free retailing market. Based on regional diversification, Europe, North America, MEA, APAC, and Latin America are identified as core regional hubs in global duty free retailing market. Some of the leading players comprise, Dufry, LVMH, Dubai Duty Free, Lotte Duty Free, and Gebr. Heinemann are some of the fore runners in global duty free retailing market.
Key segments of the global duty free 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)
Regional Overview, 2015-2025 (USD Billion)
North America
US
Canada
Europe
UK
Russia
Spain
France
Germany
Rest of Europe
Asia Pacific
China
Japan
Southeast Asia
India
Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Argentina
Rest of Latin America
Middle East & Africa
South Africa
KSA
UAE
Egypt
Rest of MEA
Some Points from Table of Content:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlooks
Chapter 4. Duty Free Retailing Market Overview, By Type
Chapter 5. Duty Free Retailing Market Overview, By Distribution Channel
Chapter 6. Duty Free Retailing Market Overview, By Region
Chapter 7. Application Structure
Chapter 8. Company Profiles
Some Points from List of Tables:
TABLE 1 Global Duty-Free Retailing Revenue by Regions, 2015 – 2025 (USD Billion)
TABLE 2 Mergers & Acquisitions, Expansions, etc.
TABLE 3 Global Duty-Free Retailing Revenue by Type, 2015 – 2025 (USD Billion)
TABLE 4 Global Duty-Free Retailing Revenue by Type, 2015 – 2025 (USD Billion)
TABLE 5 North America Duty-Free Retailing Market Value, by Type (2015 – 2025) (USD Billion)
TABLE 6 North America Duty-Free Retailing Market Value by Distribution Channel (2015 – 2025) (USD Billion)
TABLE 7 North America Duty-Free Retailing Market Value by Country (2015 – 2025) (USD Billion)
TABLE 8 Europe Duty-Free Retailing Market Value, by Type (2015 – 2025) (USD Billion)
TABLE 9 Europe Duty-Free Retailing Market Value by Distribution Channel (2015 – 2025) (USD Billion)
TABLE 10 Europe Duty-Free Retailing Market Value by Country (2015 – 2025) (USD Billion)
Some Points from List of Figures:
FIG. 1 Global Duty-Free Retailing Market Size 2015 – 2025 (USD Billion)
FIG. 2 Top 10 Countries by Visitor Spending (USD Billion)
FIG. 3 Top 5 Countries in the Global Duty-Free Retailing Market (USD Billion)
FIG. 4 Global Travellers (In Millions)
FIG. 5 Key Benefits of Increasing Tourism
FIG. 6 Global Duty-Free Retailing Market Share, by Type, 2018 & 2025
FIG. 7 Global Perfumes & Cosmetics Duty-Free Retailing Market Size 2015 – 2025 (USD Billion)
FIG. 8 Global Alcohol Duty-Free Retailing Market Size 2015 – 2025 (USD Billion)
FIG. 9 Global Tobacco Goods Duty-Free Retailing Market Size 2015 – 2025 (USD Billion)
FIG. 10 Global Confectionary & Food Duty-Free Retailing Market Size 2015 – 2025 (USD Billion)
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About Us:
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. 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.
Contact Info:
Name: Ryan Johnson
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Organization: Adroit Market Research
Website: https://www.adroitmarketresearch.com/industry-reports/duty-free-retailing-market
Source: MarketersMedia
Release ID: 89020871
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