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Sector Analysis
NewAirport Retailing Market Size, Trends and Analysis by Regional and Category Performance, Brands and Forecast to 2028
Airport Retailing Market Overview The airport retailing market size was valued at $35.2 billion in 2023. The airport retailing market benefited from an increase in air traffic and airport retailers capitalized on this by expanding their presence across different markets. Furthermore, airport retailers adopting innovative omnichannel initiatives will support the market growth recording a CAGR of more than 9% during 2023-2028. Airport Retailing Market Outlook, 2023-2028 ($ Billion) Buy the Full Report for More Insights into the Airport Retailing Market Forecast,...
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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
Americas Duty-Free Retail Market by Sector Analysis, Tourism Landscape, Opportunities, Innovations, Key Players and Forecast to 2026
Americas Duty-Free Retailing Market Overview The Americas duty-free retailing market size was valued at $3.6 billion in 2022. Growth in the region will be powered by airport expansions, a rise in the number of passengers, improved quality of retail, investments in duty-free formats, and the relaxation of duty-free regulations across various countries. The pent-up demand for travel and shopping will also support growth in the short term. Americas Duty-Free Retailing Market Overview (2022-2026) For more insights on this report, download...
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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
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
Middle East and Africa Duty-Free Retail Market by Sector Analysis, Tourism Landscape, Innovations, Key Players and Forecast to 2026
Middle East and Africa (MEA) Duty-Free Retailing Market Overview The MEA duty-free retailing market size was valued at $3.2 billion in 2022. The market witnessed a significant growth in 2022 mainly driven by the relaxation of COVID-19 restrictions and an increase in consumer confidence to travel. The duty-free market will recover further in the next few years, helped by the expansion of airports, the inauguration of new airport terminals, and significant new retail space. MEA Duty-Free Retailing Market Overview (2022-2026)...
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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
Impact of Coronavirus (COVID-19) on the Global Duty-Free Market – Coronavirus (COVID-19) Hot Topic
This report provides an overview of the Impact of Covid-19 on the global duty free retailing which includes key trends, retailer reactions and post Covid-19 outlook. The global duty-free market is expected to reach US$90.9 billion in 2023 (0.4% of total retail), growing at a CAGR of 8.7% during 2018-2023.
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Sector Analysis
Luxury Goods Retailing in Europe, 2017-2022: Market & Category Expenditure and Forecasts, Trends, and Competitive Landscape
The "Luxury Goods Retailing in Europe, 2017-2022", report published by GlobalData provides analysis of current and forecast market data for luxury goods retail sales in different product categories across Europe. Uncertain global economy, terrorist attacks, currency fluctuations and dwindling international tourists led to a challenging environment for the luxury market over the past five years. Luxury sales registered a negative CAGR of 0.1% during the period 2012-2017 to reach US$104.7bn in 2017 from US$105.0bn in 2012. However, sales are forecast...
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Sector Analysis
Luxury Goods Retailing in the Middle East & Africa, 2017-2022: Market & Category Expenditure and Forecasts, Trends, and Competitive Landscape
The "Luxury Goods Retailing in the Middle East & Africa, 2017-2022", report published by GlobalData provides analysis of current and forecast market data for luxury goods retail sales in different product categories across Europe. The luxury goods market in Middle East & Africa reached US$11.5 billion in 2017 and is forecast to grow at a CAGR of 5.6% over the next five years to reach US$15.1 billion by 2022. The UAE remained the largest luxury market in the region with...