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Sector Analysis
Europe Airport Retail Market Trends and Analysis by Region, Sales, Innovations, Tourism and Competitive Landscape and Forecast to 2027
Europe Airport Retailing Market Report Overview The Europe airport retailing market size was valued at $9.8 billion in 2022. Europe continues to retain its position as the second-largest region for airport retailing in 2022 driven by factors such as airport expansions, new service introductions, and the return of travelers post-COVID-19. To maximize sales in these challenging market conditions, airport retailers are exploring new ways to enhance customer experience, such as implementing digitization measures and providing more inspiration to shoppers. Europe...
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Sector Analysis
Asia-Pacific Duty-Free Retail Market by Sector Analysis, Tourism Landscape, Opportunities, Innovations, Key Players and Forecast to 2026
Asia-Pacific (APAC) Duty-Free Retailing Market Overview The APAC duty-free retailing market size was valued at $32.7 billion in 2022. The market is projected to grow at a CAGR of more than 13% during the period 2023-2026, making it the fastest-growing region, ahead of Europe. To cater to the rising demand in the region, many airports in the Asia-Pacific region are expanding and modernizing, giving duty-free stores greater space enabling them to attract more customers. Moreover, the demand for premium and...
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Sector Analysis
Europe Duty-Free Retail Market by Sector Analysis, Tourism Landscape, Opportunities, Innovations, Key Players and Forecast to 2026
Europe Duty-Free Retailing Market Overview The Europe duty-free retailing market size was valued at $9.5 billion in 2022. The market is projected to grow at a CAGR of more than 21% during the period 2020-2026. Europe experienced a strong revival in air and cruise traffic during 2022. European airports experienced a surge in tourism. This was triggered by the declining Euro making the region more affordable for foreign travelers and by the relaxation of travel restrictions post pandemic. Europe Duty-Free...
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Sector Analysis
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Duty-Free Retail Market Trends and Analysis by Region, Sector, Tourism Landscape, Retail Innovations, Key Players and Forecast to 2026
Access and explore the following trends, opportunities, and market analysis in our ‘Duty-Free Retailing Market’ report: Analyze the global duty-free retailing market by region (Americas, APAC, Europe, and MEA) and country. Identify the key drivers and trends impacting the market. Detailed data on duty-free sales across major countries by sector (cosmetics and toiletries, drinks, jewelry and watches, food, tobacco, accessories, womenswear, communications equipment, menswear, printed media, and others). Explores the tourism and competitive landscape and highlights the key innovations in...
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Sector Analysis
Airport Retail Market Trends and Analysis by Region, Sales, Innovations, Tourism and Competitive Landscape and Forecast to 2027
Airport Retailing Market Report Overview The airport retailing market size was valued at US$33 billion in 2022. The market is projected to grow at a CAGR of more than 17% during the period 2019-2027. Significant growth in low-cost airlines, cheaper air fares in these countries, and rising middle-class incomes will drive airport retail sales in this region. Modern-day young consumers, millennials and gen-Z, in these countries are much more open to spending on discretionary expenditure and impulse purchases than their...
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Sector Analysis
Duty Free Retailing in Asia-Pacific, 2015–2020; Market Dynamics, Retail Trends, and Competitive Landscape
Asia-Pacific duty free retail market recorded CAGR of 9.4% during 2010–2015 driven by increase in Chinese duty free spending and expansion of duty free retail space. Growing tourism, expansion of off-airport duty free locations, rising online duty free sales are key factors that will positively influence the regional duty free sales. However, devaluation of Chinese Yuan will reduce purchasing power of high spending Chinese duty free shoppers. To entice this cohort, majority of the Asian countries are easing their visa...
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Analyst Opinions
Global Duty Free Retailing, 2015–2020; Market Dynamics, Retail Trends, and Competitive Landscape
Duty free channel has produced notable growth over the last five years; however, it was far below its potential as the market was largely impacted by recession and the European crisis. Over the next five years, the market is expected to expand at a faster rate mainly driven by increasing number of international travelers, supported by growth of low cost airlines and new air routes across the world, modernization of airports, and new duty free retail space. In addition, organic...
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Sector Analysis
Duty Free Retailing in the Americas, 2015–2020; Market Dynamics, Retail Trends, and Competitive Landscape
The Americas duty-free sales was valued at $1.6 billion in 2020 and the market is set to grow at a CAGR of more than 30% during the forecast period driven by the revival of tourism and travel relaxations. The growth is driven by airport expansion or space refurbishment; rising passenger numbers following the relaxation of lockdown regulations and the mass vaccination rollout; the growing popularity of cruises; the rollout of downtown formats; the improved quality of retail; the investment in...
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Sector Analysis
Duty Free Retailing in Europe, 2015–2020; Market Dynamics, Retail Trends, and Competitive Landscape
European duty free market declined during 2010-2015 affected by the Eurozone crisis but is expected grow at a faster pace during the next five years. The market has recorded consistent growth in terms of local currency driven by surge in international arrivals and duty free spending from emerging markets travelers, mainly Chinese, who splurge on duty free luxury goods shopping to take advantage of favorable exchange rates. These factors together with expansion of airport retail space, launch of innovative concepts,...
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