Travel Retail Market 2020 with Coronavirus/COVID-19 Pandemic Analysis & Future Growth Analysis Report By Product Type, Industry Application And Future Technology 2027

Pandemic Impact Analysis 2020:

According to latest report, titled “Travel Retail Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2027” The market is supposed to witness growth during the forecast period due to growing demand at the end user level. Geographical areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa are also considered for the market analysis.

The Major players profiled in this report include 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; Lagardère Travel Retail; THE SHILLA DUTY FREE; Flemingo; JR/Group; Qatar Duty Free; 3Sixty Duty Free, among others.

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In addition, the years considered for the study are as follows:

Historical year – 2013-2018   |    Base year – 2018    |    Forecast period – 2019 to 2026

Global Travel Retail Market: Segment Analysis

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)

Unique structure of the report

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.

Highlights following MARKET DRIVERS AND RESTRAINT:

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
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

Competitive Landscape:

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, Lagardère 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.

Most important Highlights of TOC:

1 Introduction of Travel Retail Market

1.1 Overview of the Market

1.2 Scope of Report

2 Exclusive Summary

3 Research Methodology

3.1 Primary Interviews

3.2 Data Mining

3.3 Validation

3.4 List of Statistics

4 Travel Retail Market Segment & Geographic Analysis

4.1 By Type [2013-2026]

4.2 By Application [2013-2026]

4.3 By Region [2013-2026]

5 Travel Retail Market Outlook

5.1 Overview

5.2 Market Dynamics

5.2.1 Opportunities

5.2.2 Restraints

5.2.3 Drivers

5.3 Porter’s Five Force Model

5.4 Value Chain Analysis

6 Travel Retail Market Competitive Landscape

6.1 Overview

6.2 Key Development Policies

6.3 Company Market Standing

Browse Full Report with Facts and Figures of Travel Retail Market Report at: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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