Press release
Duty Free Retailing Market Worth USD 91.20 Bn. in 2022, Projected to Reach USD 144.55 Bn. by 2029
Duty Free Retailing Market
Report Scope:
This comprehensive market analysis encompasses essential components of the Duty Free Retailing Market, including market values, scope, research methodology, drivers, restraints, and regional insights.
Research Methodology:
The research methodology employed in this report ensures a robust analysis of the Duty Free Retailing Market. It delves into the impact of COVID-19 lockdowns on market revenue, offering short-term and long-term impact assessments that provide actionable insights for strategic planning.
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What are Duty Free Retailing Market Dynamics?
The market's upward trajectory is propelled by two key factors: escalating tourism and the allure of cost-effective purchases. The report identifies the increasing desire for global travel as a prime driver, with a surge in travelers anticipated to fuel market expansion. The duty-free retailing sector boasts a multitude of businesses offering products at significantly lower prices compared to conventional retail outlets due to waived taxes. Luxury and high-value items, in particular, entice passengers seeking tax-exempt bargains, bolstering the market's growth.
On the other hand, government regulations pose a challenge to the market's expansion. Varied laws and restrictions governing duty-free shopping hinder the entry of new products, especially for local manufacturers and SMEs. Stringent regulations, language barriers, and communication gaps between buyers and sellers are cited as potential obstacles that may stifle market growth.
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What is Duty Free Retailing Market Segmentation?
The cosmetic and personal care segment is expected to dominate, driven by travelers' preference for premium products available at reduced prices. The airport distribution channel is poised to witness significant growth, enhancing opportunities for market expansion.
Duty Free Retailing Market, by Product Type
• Fragrances & Cosmetics
• Wines & Spirits
• Fashion & Accessories
• Tobacco
• Watches & Jewelry
• Confectionary & Fine Food
• Electronics & Gifts
• Others
Duty Free Retailing Market, by Sales Channel
• Airport Shops
• Airlines
• Others
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Who are Duty Free Retailing Market Key Players?
• Dufry AG
• LOTTE Duty Free Company
• DFS Group Limited, Gebr.
• Heinemann SE & Co. KG,
• The Shilla Duty Free
• The King Power International Group
• James Richardson Corporation Pty Ltd
• Duty Free Americas, Inc
• Flemingo International Ltd
• Dubai Duty Free
• China Duty Free Group Co., Ltd
• Others
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Table of content for the Duty Free Retailing Market includes:
Global Duty Free Retailing Market: Research Methodology
Global Duty Free Retailing Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Duty Free Retailing Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Duty Free Retailing Market Segmentation
Global Market, by Product Type (2021-2029)
Global Market, by Sales Channel (2021-2029)
Regional Duty Free Retailing Market(2021-2029)
Regional Market, by Product Type (2021-2029)
Regional Market, by Sales Channel (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
To Gain More Insights into the Market Analysis, Browse Summary of the Research Report @ : https://www.maximizemarketresearch.com/request-customization/145803
Regional Insights:
The report delves into regional dynamics, spotlighting the APAC region as a dominant force in the duty-free retailing market. In 2022, the APAC market accounted for a substantial share, value , and is anticipated to maintain an impressive growth rate of 7.9% throughout the forecast period. The burgeoning middle-class population, rising disposable income, and the presence of global retail giants contribute to the region's market dominance. Furthermore, Europe's duty-free shopping sector is poised for significant growth, with a projected CAGR of 8.8% over the forecast period. The European market's expansion is attributed to an influx of international tourists and the accessibility of budget-friendly flights.
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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