Airport Retailing Market Analysis, Technical Study And Business Opportunities To 2031

Airport retailing refers to the existence of several retail services such as jewelry, books & magazines, gifts & crafts, clothing & accessories, convenience stores, and perfumes in the airport premises to provide enhanced convenience to travelers. In addition, airport retailing is involved in offering a wide range of merchandise and is a relatively easy choice for travelers. It has become one of the important strategies of companies to promote and raise awareness about their brands at the airports. Airports, where airline tickets are low, are not capable of generating high aeronautical revenue. Consequently, they switch to non-aeronautical companies such as retail outlets, restaurants, bars, and cafeterias.

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As many consumers seek for limited edition products, they can easily acquire such products in specialty retail shops, or retail stores, or departmental stores at the airport. Moreover, customers preferring international brands of cigars, cigarettes, perfumes, cosmetics, and watches can benefit from the availability of various international brands under one roof. Increase in products launches by cosmetics, liquor, and tobacco products manufacturers in specially travel retail categories is expected to boost the market during the forecast period. In addition, rise in disposable income, accessibility of luxury products at affordable prices, and increase in number of passengers fuel the growth of the airport retailing market.

Expansion of the tourism sector, affordable airfares, increase in airport investment to expand retail spaces, and the introduction of new terminals is expected to witness immense growth in the airport retailing market. The factors that promote the growth of travel & tourism industry include changes in lifestyle, rise in tourism promotion, and increase in accessibility of transport facilities, which, in turn, are expected to augment the growth of the airport retailing market. Factors such as technological advancements give rise to easy access to hotel & transport booking through online portals, which further boost the market growth. Moreover, inclination of consumers toward luxurious lifestyle is one of the factors that drives the growth of the airport retailing market.

However, implementation of stringent baggage rule changes the buying behavior of customers, which hampers the sales of the duty-free and other products on the airport premises, thereby restraining the development of the airport retailing market. Moreover, the government rigid rules and policies for the air traveller passengers are projected to hamper the growth of the airport retailing market. On the contrary, untapped countries in Asia-Pacific and LAMEA possess huge growth prospects in the coming years. For instance, strengthening of economy in several countries in LAMEA boosts the market growth. In addition, increase in the number of millennial is projected to drive the growth of the airport retailing mark

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Key benefits for stakeholders
- The study provides an in-depth analysis of the global airport retailing market, with current and future trends to elucidate the imminent investment pockets in the market.
- Current and future trends are outlined in the report to determine the overall market attractiveness and single out profitable trends to gain a stronger foothold in the market.
- The report provides information regarding drivers, restraints, and opportunities with impact analysis.
- A quantitative analysis of the current market and estimation for the same from 2019 to 2027 is provided to showcase the financial competency of the market.
- Porter's five forces model of the industry illustrates competitiveness of the market by analyzing various parameters such as, threat of new entrants, threat of substitutes, bargaining power of the buyers, and bargaining power of the suppliers operating in the market.
- Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.

Key Market Segments
By Product Type
- Liquor & Tobacco
- Perfumes & Cosmetics
- Fashion & Accessories
- Food & Beverages
- Others

By Airport Size
- Large Airport
- Medium Airport
- Small Airport

By Distribution Channel
- Direct Retailer
- Convenience Store
- Specialty Retailer
- Departmental store

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By Region
- North America
o U.S.
o Canada
o Mexico
- Europe
o France
o Italy
o Turkey
o Germany
o UK
o Spain
o Russia
o Rest of Europe
- Asia-Pacific
o China
o India
o Thailand
o Japan
o Australia
o South Korea
o Rest of Asia-Pacific
- LAMEA
o Brazil
o South Africa
o United Arab Emirates
o Saudi Arabia
o Rest of LAMEA

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