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Travel Retail Market Trends Analysis and Growth Projection till 2026| Aer Rianta International; DFS Group Ltd.; KING POWER International; others
Travel Retail Market
The Travel Retail Market report provides estimations about the growth rate and the market value based on market dynamics and growth inducing factors. While preparing this Global Travel Retail market analysis report, few of the attributes that have been adopted include highest level of spirit, practical solutions, committed research and analysis, innovation, integrated approaches, and most up-to-date technology.
The well-established Key players in the market are: Aer Rianta International; DFS Group Ltd.; KING POWER International; DubaiDutyFree.com; China Duty Free Group Co.,Ltd.; Gebr. Heinemann SE & Co. KG; Dufry; Duty Free Americas, Inc.; Lotte Duty Free; Lagardčre Travel Retail; THE SHILLA DUTY FREE; Flemingo; JR/Group; Qatar Duty Free; 3Sixty Duty Free, among others.
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What ideas and concepts are covered in the report?
- The assessments accounted by all the zones and the market share registered by each region is mentioned in the report.
- The study sums up the product consumption growth rate in the applicable regions along with their consumption market share.
- Data regarding the Travel Retail Industry market consumption rate of all the provinces, based on applicable regions and the product types is inculcated in the report.
Region-based analysis of the Travel Retail Industry market:
- The Travel Retail Industry market, with regards to provincial scope is segmented into USA, Europe, Japan, China, India, and South East Asia. The report also includes information regarding the products use throughout the topographies.
Unique structure of the report
Global Travel Retail Market By Product Type (Perfume & Cosmetics; Wine & Spirits; Electronics; Fashion & Accessories; Luxury Goods; Food, Confectionaries & Catering; Tobacco; Others); Sales Channel (Airport; Cruise Liner; Railway Station; Border, Downtown & Hotel Shops; Others); Geography (North America; South America; Europe; Asia-Pacific; Middle East and Africa) - Industry Trends and Forecast to 2026
Global travel retail market is expected to rise to an estimated value of USD 146.53 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the growing availability of these retail shops in the different applications such as hotels, greater exposure in airports and waterways.
Travel retail also known as duty free is a sales process consisting of commercialization of goods pertaining to the different product categories. This sales channel consists of goods that have not had the taxation, excise applied on their sale price and for sales to customers that are travellers. The taxation depends on product variation and also on the variety of regions that it is being sold in. The goods available are also limited to a certain quantity per individual.
Increasing Disposable Income
Rising disposable income of the population is believed to positively impact the growth of the smart furniture over the forecast period. Further, changing lifestyle of the people such as increasing preference for smart furniture is anticipated to intensify the growth of global smart furniture market over the forecast period.
However, high cost of Smart Furniture products is one of the key factors which are expected to limit the growth of global smart furniture market over the forecast period.
Market Drivers:
Increasing levels of disposable income of individuals resulting in greater population base travelling cross-country and engaged in availing these particular services; this factor is expected to drive the growth of the market
Surge in adoption of travel & tourism services is expected to drive the growth of the market
Significant rush in the levels of urbanization of the world is expected to augment growth in the market
Better facilitation for travelling which is a result of digitalization in airports inducing a rise in the population travelling across different regions is also expected to foster growth of the market
Market Restraints:
Concerns regarding the presence of regulations for sales of particular goods only in the airport sales channel is expected to hinder the growth of the market
Large costs associated with the operations of these retail shops reducing the profit margins/ratio of sales; this factor is expected to restrain the growth of the market
Currency fluctuations, growing corruption and grey market also hampers the market growth
Key Developments in the Market:
In December 2018, Lotte Duty Free announced that they had completed the acquisition of JR/Group's duty free business for the Oceania region, specifically for the Australia & New Zealand region. The acquisition is a complement to their strategy of establishing themselves as the leader in travel retail for the region in the coming years. The acquisition includes four stores in the Australia region and one store in New Zealand.
In November 2018, Lagardčre Travel Retail announced that they had completed the acquisition of Hojeij Branded Foods. This acquisition will reportedly expand their capabilities associated with travel retail for the North American region, specifically for the travel foodservice operations. The acquisition was valued at approximately USD 330 million in cash.
Some of the Major Highlights of TOC covers:
Travel Retail Industry Regional Market Analysis
- Travel Retail Industry Production by Regions
- Global Travel Retail Industry Production by Regions
- Global Travel Retail Industry Revenue by Regions
- Travel Retail Industry Consumption by Regions
Travel Retail Industry Segment Market Analysis (by Type)
- Global Travel Retail Industry Production by Type
- Global Travel Retail Industry Revenue by Type
- Travel Retail Industry Price by Type
Travel Retail Industry Segment Market Analysis (by Application)
- Global Travel Retail Industry Consumption by Application
- Global Travel Retail Industry Consumption Market Share by Application (2014-2019)
Travel Retail Industry Major Manufacturers Analysis
- Travel Retail Industry Production Sites and Area Served
- Product Introduction, Application and Specification
- Travel Retail Industry Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
- Main Business and Markets Served
Read More:https://www.databridgemarketresearch.com/toc/?dbmr=global-travel-retail-market
At the Last, Travel Retail industry report focuses on data sources, viz. primary and secondary sources, market breakdown and data triangulation, market size estimation, research programs, and design, research approach and methodology, and the publisher's disclaimer.
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Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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