Travel Retail Market Growth Factors and Applications by 2026 with Top Key Players: Rianta International; DFS Group Ltd.; KING POWER International

The latest research report on Travel Retail Market was conducted across a variety of industries in various regions to provide a report that has data surpassing 100+ pages (Based on 2020 COVID-19 Worldwide Spread) The report offers a mixture of qualitative and quantifiable information focusing on aspects such as key market developments, industry and competitors’ challenges in gap analysis and new opportunities in the Travel Retail market. Various leaders along with players that are emerging, have been profiled in this report.

The attention on the overwhelming players 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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Let’s know why the report is worth considering-

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.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Highlights following MARKET DRIVERS AND RESTRAINT:

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
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

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KEY BENEFITS FOR STAKEHOLDERS

This report provides an extensive analysis of the current and emerging trends and dynamics in the Travel Retail market.
In-depth analysis is done by constructing market estimations for the key market segments to identify the prevailing market opportunities.
This study evaluates the competitive landscape and value chain to understand the competitive environment across the geographies.
A comprehensive analysis of the factors that drive and restrict the market growth is provided.
A comprehensive analysis of the region is provided to determine the prevailing opportunities in these geographies

Thinking One Step Ahead

In today’s competitive world you need to think one step ahead to pursue your competitors, our research offers reviews about key players, major collaborations, union & acquisitions along with trending innovation and business policies to present a better understanding to drive the business in the correct direction.

In conclusion, the Travel Retail Market report is a genuine source for accessing the research data which is projected to exponentially grow your business. The report provides information such as economic scenarios, benefits, limits, trends, market growth rates, and figures. SWOT analysis and Porters Five analysis is also incorporated in the report.

Conducts Overall TRAVEL RETAIL Market Segmentation: This knowledgeable market research report offers lucrative opportunities by breaking down complex market data into segments on the basis of –

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) 

The TRAVEL RETAIL report covers market shares for global, Europe, North America, Asia Pacific and South America. The analysis of this report has been used to examine various segments that are relied upon to witness the quickest development based on the estimated forecast frame.

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, 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.

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Some Points from Table of Content

 

COVID-19 Outbreak-Global Travel Retail Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020

Chapter 1 Travel Retail Introduction and Market Overview

1.1 Objectives of the Study

1.2 Overview of Travel Retail

1.3 Scope of The Study

1.3.1 Key Market Segments

1.3.2 Players Covered

1.3.3 COVID-19’s impact on the Travel Retail industry

1.4 Methodology of The Study

1.5 Research Data Source

Chapter 2 Executive Summary

Chapter 3 Industry Chain Analysis

Chapter 4 Global Travel Retail Market, by Type

Chapter 5 Travel Retail Market, by Application

Chapter 6 Global Travel Retail Market Analysis by Regions

Chapter 7 North America Travel Retail Market Analysis by Countries

Chapter 8 Europe Travel Retail Market Analysis by Countries

Chapter 9 Asia Pacific Travel Retail Market Analysis by Countries

Chapter 10 Middle East and Africa Travel Retail Market Analysis by Countries

Chapter 11 South America Travel Retail Market Analysis by Countries

Chapter 12 Competitive Landscape

Chapter 13 Industry Outlook

Chapter 14 Global Travel Retail Market Forecast

Chapter 15 New Project Feasibility Analysis

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