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Duty Free Retailing Market is Growing at Stunning Rate by 2027

Duty Free Retailing

Duty Free Retailing

The global duty free retailing market was valued at US$ 67.74 billion in 2018 and is anticipated to exhibit a CAGR of 8.6% in terms of revenue, over the forecast period (2019 – 2027), to reach US$ 136.28 billion by 2027. Duty free retail shops have helped airports to generate greater revenues all over the world and thereby reduced the landing fees the airports charge to airlines. In turn, it has helped airlines to keep lower ticket prices that has benefited travelers of the airlines.

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Research Methods and Tools:

The market study of Duty Free Retailing market has been incorporated by extensive primary and secondary research conducted by the research team at CMI Research. Secondary research has been conducted to sharpen the available data to break down the market in various segments, derive total market size, market forecast and growth rate. Different methods have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook.

In the report country-level analysis is provided by analysing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings the authenticity in our reports.

Secondary sources include

• Financial/annual reports of companies involved in the market
• Forward-looking statement of key Duty Free Retailing market players
• Authentic Public Databases
• Whitepapers, research-papers and news blogs
• Company websites and their product catalogue.

The report is intended for global Duty Free Retailing market players, potential entrants, universities for overall market insights. The report provides in-depth analysis on pricing, market size, market determinants and competitive landscape. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models such as PEST analysis delivering insights into the market for better business decisions.

Companies Mentioned: Dufry AG, LOTTE Duty Free Company, DFS Group Limited, Gebr. Heinemann SE & Co. KG, The Shilla Duty Free, The King Power International Group, James Richardson Corporation Pty Ltd., Duty Free Americas, Inc., Flemingo International Ltd., Dubai Duty Free, and China Duty Free Group Co., Ltd

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The Report Covers:

• Comprehensive research methodology of global Duty Free Retailing market
• In-depth analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global Duty Free Retailing market
• Insights about market determinants which are stimulating the global Duty Free Retailing market
• Detailed and extensive market segments with regional distribution of forecasted revenues
• Extensive profiles and recent developments of market players

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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