Press release
Duty-Free Retailing Market Sky-High Revenue Growth of $ 78,379.08 Million and CAGR of +10% by 2030| Dufry, Lagardère Travel Retail, Lotte Duty-Free, LVMH
The Duty-Free Retailing Market has witnessed substantial growth in recent years. According to market research, the market was valued at $35,750.38 Million in 2022 and is projected to reach $ 78,379.08 Million by 2030, growing at a CAGR of +10% during the forecast period.Duty-free retailing is the process of selling goods to passengers at airports, on cruises and ferries, and at downtown duty-free shops and land border crossings, etc. without charging them with any taxes or excise levies. International travelers have access to a range of products such as alcohol, fragrances and cosmetics, fashion and accessories, food and confectionery, tobacco, jewelry, and watches. These products can be bought at a lot cheaper price from these shops as compared to a regular store as duties are not applied. The continued growth and development of the duty-free retailing market support transport modes through the financial contribution it makes, and global tourism by further incentivizing international travel by sea, air, and land.
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Top Key Players:
Dufry, Lagardère Travel Retail, Lotte Duty Free, LVMH, Aer Rianta International (ARI), China Duty Free Group, Dubai Duty Free, Duty Free Americas, Gebr. Heinemann, King Power International Group (Thailand), The Shilla Duty-Free
Duty-Free Retailing Market by Types:
• Cosmetics & Personal Care Products
• Alcohol
• Wine And Spirits
• Tobacco & Cigarettes
• Fashion & Luxury Goods
• Confectionery & Food Stuff
• Others
Duty-Free Retailing Market by Application:
• Airports
• Onboard Aircraft
• Seaports
• Train Stations
• Others
Apart from this, the report includes the Duty-Free Retailing market study based on geographical and regional location. Geographical Segmentation, On the basis of region, North America (United States, Canada), South America (Argentina, Chile, Brazil, etc.), Asia-Pacific (India, China, Japan, Singapore, Korea, etc.), Europe (UK, France, Germany, Italy, etc.), the Middle East & Africa (GCC Countries, South Africa, etc.) and the Rest of the world.
Duty Free Retailing Market Report Acknowledges:
• Duty Free Retailing Market size and growth rate during the forecast period.
• Key factors driving the "Duty-Free Retailing Market"
• Key market trends cracking up the growth of the "Duty-Free Retailing Market"
• Challenges to Duty-Free Retailing Market growth.
• Key vendors of the "Duty-Free Retailing Market"
• Detailed SWOT analysis.
• Opportunities and threats faced by the existing vendors in the "Duty-Free Retailing Market"
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing on the leading vendors.
• PEST analysis of the market in the five major regions.
The Global Duty Free Retailing Market Share report is provided for the international markets as well as development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analysed. This report additionally states import/export consumption, supply and demand Figures, cost, price, revenue, and gross margins.
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In conclusion, the report is the compilation of the accurate information gathered from industry experts. The Duty Free Retailing Market report is the credible source for achieving the market research that will aid in accelerating your business. It also explains different business models, key business strategies, the current level of market development, market share and size, and the current level of competition in the market.
Table of Contents:
Chapter 1: Global Duty-Free Retailing Overview
Chapter 2: Market Data Analysis
Chapter 3: Technical Data Analysis
Chapter 4: Government Policy and News
Chapter 5: Global Manufacturing Process and Cost Structure
Chapter 6: Productions Supply Sales Demand Market Status and Forecast
Chapter 7: Key Manufacturers
Chapter 8: Up and Down Stream Industry Analysis
Chapter 9: Marketing Strategy
Chapter 10: 2023-2030 Duty Free Retailing Development Trend Analysis
Chapter 11: New Project Investment Feasibility Analysis
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Summary
A New Market Study, titled “Duty-Free Retailing Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports.
This report provides in depth study of “Duty-Free Retailing Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Duty-Free Retailing Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the…