NEW YORK, June 16, 2022 /PRNewswire/ — The “Duty-free Retailing Market by Product, Distribution Channel, and Geography – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.
The potential growth difference for the duty-free retailing market between 2021 and 2026 is USD 6.04 billion, as per the latest market analysis report by Technavio. The report also predicts the market to witness an accelerating growth momentum at a CAGR of 8.56% during the predicted period.
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Key Market Dynamics:
- Market Trend: The growing online duty-free shops is a duty-free retailing market trend that is expected to have a positive impact in the coming years. Major vendors of the global duty-free retailing market, such as Dufry AG, Delhi Duty Free, and Dubai Duty Free, have launched their online sites to provide a hassle-free shopping experience to their customers. These online stores provide several promotions such as discounts to attract more customers. The online stores also provide additional services as well.
- Market Challenge: The stringent government regulations on duty-free tobacco products will be a major challenge for the duty-free retailing market during the forecast period. The heavy restrictions on sales and allowances of duty-free tobacco products such as cigarettes will be a challenge for the growth of the global duty-free retailing market during the forecast period.
To learn about other key factors influencing the market, Have a look at this Sample Report
right here!
Key Revenue-generating Market Segment Highlights:
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The duty-free retailing market report is segmented by Product (Fashion apparel and accessories, Cosmetics and perfumes, Tobacco and alcoholic beverages, and Confectionery and fine foods), Distribution Channel (Airports and Others), and Geography (APAC, Europe, North America, Middle East and Africa, and South America).
- Fashion apparel and accessories product segment held the largest duty-free retailing market share in 2021. The segment will continue to account for the largest revenue throughout the forecast period. In terms of distribution channels, airports will emerge as the highest revenu-generating segment for duty-free retailing market during the forecast period.
- APAC will be the leading region with 44% of the market’s growth during the forecast period. China and Japan are the key markets for duty-free retailing in APAC. Market growth in this region will be faster than the growth of the market in the European, MEA and South American regions. The growing travel and tourism sector and the increasing number of new international connections will facilitate the duty-free retailing market growth in APAC over the forecast period.
View sample report for additional insights into the contribution of all the segments and
regional opportunities
Some Companies Mentioned with their Offerings
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- Aer Rianta International
- Changi Airport Group Singapore Pte. Ltd.
- China Duty Free Group Co. Ltd.
- Delhi Duty Free Services Pvt. Ltd.
- DFS Group Ltd.
- Dubai Duty Free
- Dufry AG
- Duty Free Americas Inc.
- Flemingo International
- Gebr. Heinemann SE and Co. KG
- Hyundai Department Store Group Co. Ltd.
- Japan Airport Terminal Co. Ltd.
- King Power Group
- Lagardere SA
- Lotte Corp.
- Mumbai Duty Free
- Samsung Electronics Co. Ltd.
- SHINSEGAE INTERNATIONAL
- To gain access to more vendor profiles with their key offerings available with
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Duty-free Retailing Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.56% |
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Market growth 2022-2026 |
$ 6.04 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
8.29 |
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Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 44% |
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Key consumer countries |
US, China, Japan, France, and UK |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Aer Rianta International, Changi Airport Group Singapore Pte. Ltd., China Duty Free Group Co. Ltd., Delhi Duty Free Services Pvt. Ltd., DFS Group Ltd., Dubai Duty Free, Dufry AG, Duty Free Americas Inc., Flemingo International, Gebr. Heinemann SE and Co. KG, Hyundai Department Store Group Co. Ltd., Japan Airport Terminal Co. Ltd., King Power Group, Lagardere SA, Lotte Corp., Mumbai Duty Free, Samsung Electronics Co. Ltd., and SHINSEGAE INTERNATIONAL |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 – 2025
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Fashion apparel and accessories – Market size and forecast 2020-2025
- Cosmetics and perfumes – Market size and forecast 2020-2025
- Tobacco and alcoholic beverages – Market size and forecast 2020-2025
- Confectionery and fine foods – Market size and forecast 2020-2025
- Market opportunity by Product
Market Segmentation by Distribution channel
- Market segments
- Comparison by Distribution channel
- Airports – Market size and forecast 2020-2025
- Others – Market size and forecast 2020-2025
- Market opportunity by Distribution channel
Customer landscape
- Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC – Market size and forecast 2020-2025
- Europe – Market size and forecast 2020-2025
- North America – Market size and forecast 2020-2025
- MEA – Market size and forecast 2020-2025
- South America – Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- DFS Group Ltd.
- Dubai Duty Free
- Dufry AG
- Gebr. Heinemann SE and Co. KG
- HOTEL SHILLA Co. Ltd.
- James Richardson Group
- King Power International Co. Ltd.
- Lagardere SCA
- Lotte Shopping co. Ltd.
- LVMH Moet Hennessy – Louis Vuitton
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
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Email:[email protected]
Website: www.technavio.com/
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