At a CAGR 12.8% Online In-flight Shopping Market is Expected to Reach $825.3 Million by 2030

The global online in-flight shopping market is growing rapidly since last few years owing to the increase in inclination of people toward travelling and exploring unique holiday destinations. The growth of the market is further driven by upsurge in disposable income and improvement in living standard of living. Increase in the number of high net worth individual (HNIs) in emerging markets further propels the online in-flight shopping growth. The global online in-flight shopping market size was valued at $232.3 million in 2020, and is projected to reach $825.3 million by 2030, registering a CAGR of 12.8% from 2021 to 2030. North America was the highest revenue contributor, accounting for $111.2 million in 2020, and is estimated to reach $372.2 million by 2030, with a CAGR of 12.4%.

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The growth of market is majorly attributed to rise in middle-class population in countries such as China, India, Brazil, Japan, Australia, and Thailand. As per the recent statistics, Asia-Pacific millionaires now control more wealth than their peers in North America. In terms of future spending options, travel has been recognized as the top priority with greater focus on unique luxury experiences and adventure activities. Surge in interest of people to explore new places and to have unique travel experiences have encouraged market players to offer food & beverage products and regional liquor flavors that connect travelers to local culture of the destination and explore the unknown acquaintance of the place and its people are the online in-flight shopping market trends. However, changes in socio-economic conditions threatens the growth of the market. On the contrary, market players are coming up with new specialized limited edition products for travel retail categories to cater to the needs of travelers, which is anticipated to offer remunerative opportunities for the expansion of the global market during the forecast period.

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The report segments the global online in-flight shopping market on the basis of aircraft class, flight type, shopping type, and region.

Based on aircraft class, the economy class segment is expected to portray the highest CAGR of 13.5% during the forecast period. However, the first class segment held the largest share in 2020, contributing to around two-fifths of the market.

On the basis of flight type, the low cost segment is projected to manifest the highest CAGR of 13.9% during the forecast period. However, the full service segment held the lion's share in 2020, accounting for more than two-thirds of the market.

he global online in-flight shopping market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America dominated in 2020, holding nearly half of the market. However, the market across LAMEA is projected to showcase the highest CAGR of 15.6% during the forecast period.

The global online in-flight shopping market includes an in-depth analysis of the prime market players such as Inmarsat plc, AirAsia Group, Lufthansa, Swiss International Air Lines AG, The Emirates Group, Singapore Airlines Limited, Thomas Cook Airlines Ltd, airfree, EasyJet Airline Company Limited, and SKYdeals.

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he global online in-flight shopping market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America dominated in 2020, holding nearly half of the market. However, the market across LAMEA is projected to showcase the highest CAGR of 15.6% during the forecast period.

The global online in-flight shopping market includes an in-depth analysis of the prime market players such as Inmarsat plc, AirAsia Group, Lufthansa, Swiss International Air Lines AG, The Emirates Group, Singapore Airlines Limited, Thomas Cook Airlines Ltd, airfree, EasyJet Airline Company Limited, and SKYdeals.

This release was published on openPR.