Airport Retailing Market To Witness Hugee Growth With Leading Players Lagardere Travel Retail, Baltona Duty Free, Autogrill, Regstaer Duty Free, and Dufry

Europe is known to be the largest Market in the airport resulting market due to the high growth opportunities in the airport retailing sector.

Aviation industries not only depends on the aeronautical business for generating a targeted return on investments but also a non-aeronautical business for generating the targeted return on investment but also a non-aeronautical business. Due to the increasing competition among global players for providing low airfares and diversifying sources for the generation of revenues, the focus has shifted towards the non-aeronautical sector for the constant growth in this market. The non-aeronautical business contains duty-free retail shops, advertisement, restaurant bars cafeterias, catering services and others. Aviation industries have realized the importance of retail business and consider it as the key contributor so as to sustain in the industries. The growth of the tourism sector, increasing incomes of the middle class in the developing world, easy availability of brands and the affordable prices of products are the major factors that drive the market growth.

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Objectives Of The Study

The main goal of the market research report is to describe define and focus the Global airport retailing market-based on the deployment type, solution type, organisation type and region. The report further provides detailed information related to the major factors which influence the overall growth of the market. This contains drivers, opportunities, recent trends and industry-related challenges. Not only this but also the market research report aims to analyse the micro-market with the help of individual growth trends, contribution and future prospects to the overall market. Moreover, the market research reports strategically profile the key market players and also briefly analyses their core competencies.

Research Methodology

The research methodology is basically used for estimating and forecasting the global airport retailing market begins to capture data on the revenues of the key vendors through the help of secondary research like press releases, annual reports and investor presentation of companies, certified publications, technology journals, articles from recognizes directories, authors and databases. After arriving at the entire market size, the total market was split into several segments and sub-segments which were verified through primary research by conducting an extensive interview with key people like directors, CEOs, executives and VPs.

Market Dynamics

The airport retailing market is driven by the increase in the number of passengers specifically in the developing economies where the communication level is high. The airport retailing market is also driven by the travellers’ appetite for shopping on the go as well as retailers’ growing skills to sell products. Not only this but also the total time spent by the passengers at airports has also increased subsequently owing to the security as well as operational concerns. This has helped the retailers to get the scope to sell products efficiently. The high disposable income of the customers in the developing countries has offered immense opportunities for the market leaders across the world to build their stores in the airport premises. This is because the customers tend to buy from the shops in the timeframe between clearing the security check and boarding the flights. Thus, airports strive to cut down the waiting time at check-in, security as well as immigration lines for maximizing the overall time. Apart from this the viable prices, as well as the presence of the big brand and that too with the discounted prices, are the crucial factors which encourage travellers to make purchases at the airport retail stores.

Market Segmentation Of The Global Airport Retailing Market

The global airport Retailing market is classified on the basis of product type, ownership, store type as well as geography. The ownership segment of the Global market includes independent owners, corporate chains as well as franchises. The type segment includes food and beverages, electronic products, pharmacy products, arts and fashion accessories. Apart from this, the store segment is categorised as supermarket, duty-free stores, independent stores, showrooms and restaurants. On the other hand on the basis of region wise analysis the Global market is segmented into Europe, North America, Asia Pacific, Latin America, Middle East and Africa.

Regional Landscape Analysis Of Global Airport Retailing Market

Europe is known to be the largest Market in the airport resulting market due to the high growth opportunities in the airport retailing sector. Not only this but also the increasing investment with an aim to expand the airport returning with the growth in the tourism sector are also expected to play a huge role to the Global market growth within the upcoming years. The presence of affordable Airlines also drives the Global airport returning market as the customer base tend to increase. Apart from this, the new projects in the pipeline sector which consists of the renovation of existing projects as well as expansion of the new terminal airport may also provide the positive impact on the global market in terms of growth. In addition, Asia-Pacific is also anticipated to witness significant growth in the global airport retailing market. Among all other countries in the Asia Pacific, India and China are going to increase huge growth due to the development of new terminals and expansion of dedicated retail areas to attract a large number of passengers which can positively impact the global market in this region.

Impact Of COVID 19 On Global Airport Retailing Market
● The occurrence of pandemic across the world has highly reduced the overall demand in retailing at the airport.
● Suspension of the flights according to the rules laid by the government which has resulted in the loss of air traffic harms the revenue of the airport retailing market because consumers asked to stay at their homes.
The Global Airport Retailing Market Trend
● Operators, as well as retailers, are also trying to expand their e-commerce presence with the emergence of the increase in demand for online services. Additionally, they also implement various strategies to generate revenues of growing demand for duty-free online purchases.
● The airport retailers have introduced airside stores with new innovation as well as upgraded technology. The industry has introduced artificial intelligence, interactive mirrors and virtual reality are widely used for offering customers high-end products and services and travel experiences an immersive experience.

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Competitive Landscape Analysis Of Global Airport Retailing Market

The market research report offers detailed information related to the latest development in the airport retailing market. With the help of detailed financial data about the leading market players, the report will help the customers to know about the competitive landscape of the airport retailing market. Certain information is provided in this report about acquisitions, mergers, collaborations, new product launches and joint ventures.

Top Key Players Profiled in this report are: Lagardere Travel Retail, Baltona Duty Free, Autogrill, Regstaer Duty Free, and Dufry. Other major players include Gebr Heinemann, DFS Group, Hugo Boss, Levi's, Lacoste, Le Bridge Duty Free, Bahrain Duty Free Shop Complex (BSC), Duty Free Americas, and Dubai Duty Free

Market Segmentation:
By Type:
• Direct Retailer
• Department Store
• Specialty Retailer
• Supermarkets

By Airport Size:
• Large
• Medium
• Small

By Category:
• Liquor & Tobacco
• Perfumes & Cosmetics
• Fashion & Accessories

By Region:
North America
• North America, by Country
o US
o Canada
o Mexico
• North America, by Type
• North America, by AirportSize
• North America, by Category

Western Europe
• Western Europe, by Country
o Germany
o UK
o France
o Italy
o Spain
o The Netherlands
o Rest of Western Europe
• Western Europe, by Type
• Western Europe, by AirportSize
• Western Europe, by Category

Asia Pacific
• Asia Pacific, by Country
o China
o India
o Japan
o South Korea
o Australia
o Indonesia
o Rest of Asia Pacific
• Asia Pacific, by Type
• Asia Pacific, by AirportSize
• Asia Pacific, by Category

Eastern Europe
• Eastern Europe, by Country
o Russia
o Turkey
o Rest of Eastern Europe
• Eastern Europe, by Type
• Eastern Europe, by AirportSize
• Eastern Europe, by Category

Middle East
• Middle East, by Country
o UAE
o Saudi Arabia
o Qatar
o Iran
o Rest of Middle East
• Middle East, by Type
• Middle East, by AirportSize
• Middle East, by Category

Rest of the World
• Rest of the World, by Country
o South America
o Africa
• Rest of the World, by Type
• Rest of the World, by AirportSize
• Rest of the World, by Category

Objectives of this report:
• To estimate market size for Airport retailing market on regional and global basis.
• To identify major segments in Airport retailing market and evaluate their market shares and demand.
• To provide a competitive scenario for the Airport retailing market with major developments observed by key companies in the historic years.
• To evaluate key factors governing the dynamics of Airport retailing market with their potential gravity during the forecast period.

Reasons to Buy This Report:
• Provides niche insights for decision about every possible segment helping in strategic decision making process.
• Market size estimation of the Airport retailing market on a regional and global basis.
• A unique research design for market size estimation and forecast.
• Identification of major companies operating in the market with related developments
• Exhaustive scope to cover all the possible segments helping every stakeholder in the Airport retailing market.

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