Airline Retailing Market Share, Size, Top Companies, Trends, Growth Factors Details for New Business Opportunities and Investment by 2027

Airline retailing market in global is expected to grow from US$ 7.25 Bn in 2018 to US$ 27.66 Bn by the year 2027. This represents a CAGR of 16.4% from the year 2019 to 2027.

North America was the leading geographic market, and it is anticipated to be the highest revenue contributor throughout the forecast period. The North America airline retailing market size is expected to gradually increase in the coming years till 2027, owing to the increasing number of air travelers in the region.

The global airline retailing market by carrier type was led by full service carrier segment. In the financially balanced economies of North America and the Europe region, the preference of full service carriers is much higher as compared to the low cost carriers. The key reason behind the preference is the attractive deals and services the full service airlines offer to their passengers.

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Advanced technology and customer intelligence are enabling new opportunities for improving customer experiences. Implementation of customer intelligence is enabling new opportunities for airline retail. The airline has a captive audience and extensive customer knowledge, enabled by digital application, can be stimulated with smart and entertaining in-flight retail opportunities utilizing emotional momentum. Most of the airlines are on the learning curve when it comes to retail opportunities. With the external recruits, who have experience in retail, airlines are improving their retail performance. Big data utilization is also impacting airline retail and is optimizing customer value and experiences. With the introduction of advanced technologies and the increasing demand for enhanced customer experience are significantly driving the airline retailing market.

The global airline retailing market has been derived from market trends and revenue generation factors from five different regions across the globe namely; North America, Europe, Asia Pacific, Middle East, and Africa, and South America. Europe is expected to contribute largest market share by the year 2027.

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The major players operating in the market for global airline retailing market Air France/ KLM, AirAsia Group Berhad British Airways Plc, Deutsche Lufthansa AG, Easy Jet PLC, Korean Air Lines Co., Ltd, Qantas Airways Limited Singapore Airlines Limited, Thai Airways International Public Co., Ltd, and The Emirates Group among others.

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