Airline Retailing Market Explored In the Latest Research by With Top Key Players - British Airways, Deutsche Lufthansa, Korean Air Lines, The Emirates Group, Qantas Airways Limited

According to the new research report published by The Insight Partners, titled "Airline Retailing Market - Global Analysis and Forecast to 2027", the global airline retailing market is expected to reach US$ 27.66 Bn by 2027, registering a CAGR of 16.4% during the forecast period 2019-2027.

The airline retail market is witnessing growth through the pre-boarding segment. This is due to the fact that the major airlines are offering an opportunity to the flyers to pre-book their merchandises, accessories, alcohol, and beauty products, among others during ticket booking. The airline customers also have the flexibility to purchase the products any time before their flights depending on the airline's terms & conditions. The key benefit of the pre-booking of products is that customers can choose the delivery of the product at the airport or on-board.

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The post-board retailing segment is experiencing turbulence in the current years, as several well-established full service carriers are ceasing their in-flight duty-free retail segment. This is majorly due to the rising trend of airport shopping and online shopping. To counter the trend of shopping at the airports, various airlines are partnering with retailers, and are offering products at discounted prices. Despite this strategy, multiple airlines are still facing a decline in their on-board retail revenues.

The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries including Aerospace and Defense, and many more.

Trade barriers are further restraining the demand- supply outlook. As government of different regions have already announced total lockdown and temporarily shutdown of industries, the overall production process being adversely affected; thus, hinder the overall Airline Retailing market globally. This report on 'Airline Retailing Market' provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2027, factoring the impact of Covid -19 Situation.

Retail Type Insights

The global airline retailing market by retail type was led by pre-boarding segment. Post-boarding segment held the second largest market in 2018 and is anticipated to increase its shares during the forecast period from 2019 - 2027.

Shopping Type Insights

The global airline retailing market by shopping type was led by merchandise segment. Alcohol segment held the second largest market in 2018 and is anticipated to increase its shares during the forecast period from 2019 - 2027.

Carrier Type Insights

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.

The reports cover key market developments in the Airline Retailing as organic and inorganic growth strategies. Various companies focus on organic growth strategies such as product launches, product approvals and others such as patents and events. The inorganic growth strategy activities observed in the market were acquisitions, partnerships and collaborations. These activities paved the way for an expansion of the businesses and customers of the market players. The market payers of the Airline Retailing are destined for lucrative growth opportunities in the future with the increasing demand for market Airline Retailing in the world market.

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.

Reasons to Buy:

- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global airline retailing market.

- Highlights key business priorities in order to assist companies to realign their business strategies.

- The key findings and recommendations highlight crucial progressive industry trends in the global airline retailing market, thereby allowing players across the value chain to develop effective long-term strategies.

- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

The Insight Partners dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

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The Insight Partners,
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Website: https://www.theinsightpartners.com/

About The Insight Partners

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Chemical, Food, Automotive and Defence.

This release was published on openPR.