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Travel Retail Market is Booming Worldwide | Global key players includes - DFS Group , Dufry, LS Travel Retail, Lotte Duty Free, King Power International Group, The Shilla Duty Free, Gebr. Heinemann, China Duty Free Group , Aer Rianta International , The N

05-24-2019 09:14 AM CET | Tourism, Cars, Traffic

Press release from: Premium Market Insights

Travel Retail Market is Booming Worldwide | Global key players

The global Travel retail market size is expected to reach $125.1 billion by 2023, registering a CAGR of 8.9% during the forecast period.

Rise in disposable income has elevated the consumers' lifestyle and shifted their preference towards apparels, luxury goods, premium fragrances, cosmetics, and other products. Moreover, the development in emerging nations such as Asia-Pacific and LAMEA is projected to supplement the global travel retail market growth. However, unorganized local market and stringent government regulations in airport retailing hamper the global travel retail market growth.

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Top Key Players of this Report

DFS Group
Dufry
LS Travel Retail
Lotte Duty Free
King Power International Group
The Shilla Duty Free
Gebr. Heinemann
China Duty Free Group (CDFG)
Aer Rianta International (ARI)
The Naunace Group

The global travel retail market is segmented on the basis of product, channel, and geography. The product segment includes perfumes & cosmetics, wine & spirits, tobacco, electronics, luxury goods, food & confectionery, and catering & others. In 2016, beauty products, namely, perfumes & cosmetics accounted for the maximum revenue with more than 30% market share. Based on channel, the global travel retail market is classified into airports; cruise liners; railway stations; and border, downtown, & hotel shops. Regionally, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

On the basis of product type, the luxury goods segment is anticipated to register the highest growth rate during the forecast period in the travel retail market. The purchase of these goods is extremely dependent on the economic stability of any region, as the goods are majorly procured by the upper economic classes. Regionally, Asia-Pacific is expected to dominate the global market during the analysis period, due to the presence of large number of retail companies in China, India, Thailand, and others. In addition, the market in Asia-Pacific is expected to grow at the fastest rate due to increase in number of high net worth individuals and a growing tourism industry.

KEY BENEFITS FOR STAKEHOLDERS

This report provides an in-depth analysis of the global travel retail market to identify the potential investment pockets.
It outlines the current trends and future scenarios to determine the travel retail market potential and gain stronger market foothold.
Key drivers, restraints, and opportunities and their detailed impact analysis are elucidated.
Quantitative analysis of the travel retail industry from 2016 to 2023 is highlighted to recognize the financial competency of the market.
Porter's Five Forces model illustrates the threat of new entrants, threat of substitutes, and strength of the buyers & suppliers.

Purchase this report at: http://bit.ly/2W17SqX

Table of Contents

CHAPTER 1 INTRODUCTION
CHAPTER 2 EXECUTIVE SUMMARY
CHAPTER 3 MARKET OVERVIEW
CHAPTER 4 TRAVEL RETAIL MARKET, BY PRODUCT
CHAPTER 5 TRAVEL RETAIL MARKET, BY CHANNEL
CHAPTER 6 TRAVEL RETAIL MARKET, BY GEOGRAPHY
CHAPTER 7 COMPANY PROFILES

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The market research industry has changed in last decade. As corporate focus has shifted to niche markets and emerging countries, a number of publishers have stepped in to fulfil these information needs. We have experienced and trained staff that helps you navigate different options and lets you choose best research solution at most effective cost.

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