Airport Retailing Market: Projected to Reach USD 23.52 Billion by 2028, with 11.72% CAGR - TechSci Research

TechSci Research's "Global Airport Retailing Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028" states that the market reached USD 23.52 billion in 2022, with an expected 11.72% CAGR from 2024 to 2028. Airport Retailing encompasses commercial activities within airport premises, catering to travelers through the sale of goods and services. Fueled by increased air travel and a growing global middle class, this dynamic sector offers diverse products like luxury goods, electronics, fashion, and duty-free items. Retailers strategically utilize airport spaces to enhance the passenger experience, adapting to changing consumer preferences, technological advancements, and airport infrastructure expansion. As airports transform into comprehensive retail hubs, the Airport Retailing Market remains integral to the travel industry.

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Luxury goods, electronics, fashion, and duty-free items form the key offerings of airport retailers. Premium brands recognize airports as prime venues for showcasing their products. Duty-free shops leverage tax-free shopping allure, drawing international travelers seeking exclusive deals on alcohol, perfume, and luxury items. The airport retail landscape uniquely combines luxury and accessibility, allowing travelers to efficiently explore and purchase high-quality goods.
Airport Retailing Market's growth and evolution are fueled by the expansion of airport infrastructure. As airports undergo enhancements to accommodate rising passenger numbers, retailers seize opportunities to secure prime locations and expand market share. The competition for favorable airport spaces has driven innovative store designs that enhance visibility and foot traffic.

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The global airport retailing market is categorized by type, airport size, sales channel, regional distribution, and company.
In terms of airport size, the market includes large, medium, and small airports.
Medium airports are becoming a prominent segment in the Airport Retailing Market, reflecting the aviation industry's growing emphasis on sustainability. These airports, serving a substantial passenger volume, witness increased demand for environmentally friendly packaging like Airport Retailing. The focus on reducing single-use plastics aligns with medium airports' commitment to eco-friendly operations. Airport Retailing, being recyclable and sourced from renewable materials, offers an ideal solution for serving beverages to travelers. This trend underscores the crucial role of medium airports in promoting sustainability practices within the Airport Retailing Market.

Unlock Essential Insights: Discover the Key Takeaways for Actionable Information!
• Airport Retailing Market is expected to grow at a CAGR of 11.72% during the forecast period.
• Airport Retailing Market has a valuation of US$ 23.52 Billion as of 2028.
• Asia-Pacific currently holds the title of the largest Market for Airport Retailing Market.
• Retailers in airports capitalize on the captive audience of passengers seeking entertainment, relaxation, and shopping.
• In terms of type, the cages segment claims the top spot in Airport Retailing Market share.
• When considering the sales channel, the portable Airport Retailing Market retailers segment takes the lead in Market share.
• Focusing on the price range, the premium segment secures the highest Market share in the Airport Retailing Market.

Competitive Landscape
TechSci Research provides customization options for the Global Airport Retailing market report based on a company's specific requirements using the provided market data.

Recent Developments
• In May 2022, Gebr. Heinemann and Highsnobiety joined forces to create GATE ZERO, merging Travel Retail expertise and global reach. What originated as a Highsnobiety pop-up store at Zurich Airport has evolved into a long-term collaboration. The partnership, initiated 18 months ago, culminated in the signing of the GATE ZERO joint venture deal in early 2021.
• In May 2023, Baccarose, a major Luxury Beauty product distributor in India, sought to expand its horizons by leveraging its experience to collaborate with the prominent entertainment brand, Sunburn. This engagement aims to connect with the younger audience and build a portfolio of licensee brands.

Major companies operating in Global Cosmetic Products Market are:
Delaware North Companies. Inc., XpresSpa Group, Paradies Lagardère Travel Retail, SSP Group plc, Concessions International, Dubai Duty Free, DFS Group Ltd, King Power International, China Duty Free Group Co., Ltd, Gebr. Heinemann SE & Co. KG

Market Segmentation for Airport Retailing Market Market:
• Airport Retailing Market, By Type:
o Liquor & Tobacco
o Perfumes & Cosmetics
o Fashion & Accessories
o Food & Beverages
o Others
• Airport Retailing Market, By Airport Size:
o Large Airport
o Medium Airport
o Small Airport
• Airport Retailing Market, By Sales Channel :
o Direct Retailer
o Convenience Store
o Specialty Retailer
o Departmental store
• Airport Retailing Market, By Region:
o North America
 United States
 Canada
 Mexico
o Europe
 France
 United Kingdom
 Italy
 Germany
 Spain
o Asia-Pacific
 China
 India
 Japan
 Australia
 South Korea
 Indonesia
o Middle East & Africa
 South Africa
 Saudi Arabia
 UAE
 Turkey
o South America
 Argentina
 Colombia
 Brazil

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Table of Content
1. Introduction
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
4. Voice of Customer
4.1. Factors Influencing Purchase Decision
4.2. Sources of Information
4.3. Brand Awareness
5. Global Airport Retailing Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type Market Share Analysis (Liquor & Tobacco, Perfumes & Cosmetics, Fashion & Accessories, Food & Beverages, Others)
5.2.2. By Airport Size Market Share Analysis (Large Airport, Medium Airport, Small Airport)
5.2.3. By Sales Channel Market Share Analysis (Direct Retailer, Convenience Store, Specialty Retailer, Departmental store)
5.2.4. By Regional Market Share Analysis
5.2.4.1. North America Market Share Analysis
5.2.4.2. Europe Market Share Analysis
5.2.4.3. Asia-Pacific Market Share Analysis
5.2.4.4. Middle East & Africa Market Share Analysis
5.2.4.5. South America Market Share Analysis
5.2.5. By Top 5 Companies Market Share Analysis, Others (2022)
5.3. Global Airport Retailing Market Mapping & Opportunity Assessment
5.3.1. By Type Market Mapping & Opportunity Assessment
5.3.2. By Airport Size Market Mapping & Opportunity Assessment
5.3.3. By Sales Channel Market Mapping & Opportunity Assessment
5.3.4. By Regional Market Mapping & Opportunity Assessment
6. North America Airport Retailing Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type Market Share Analysis
6.2.2. By Airport Size Market Share Analysis
6.2.3. By Sales Channel Market Share Analysis
6.2.4. By Country Market Share Analysis
6.2.4.1. United States Airport Retailing Market Outlook
6.2.4.1.1. Market Size & Forecast
6.2.4.1.1.1. By Value
6.2.4.1.2. Market Share & Forecast
6.2.4.1.2.1. By Type Market Share Analysis
6.2.4.1.2.2. By Airport Size Market Share Analysis
6.2.4.1.2.3. By Sales Channel Market Share Analysis
6.2.4.2. Canada Airport Retailing Market Outlook
6.2.4.2.1. Market Size & Forecast
6.2.4.2.1.1. By Value
6.2.4.2.2. Market Share & Forecast
6.2.4.2.2.1. By Type Market Share Analysis
6.2.4.2.2.2. By Airport Size Market Share Analysis
6.2.4.2.2.3. By Sales Channel Market Share Analysis
6.2.4.3. Mexico Airport Retailing Market Outlook
6.2.4.3.1. Market Size & Forecast
6.2.4.3.1.1. By Value
6.2.4.3.2. Market Share & Forecast
6.2.4.3.2.1. By Type Market Share Analysis
6.2.4.3.2.2. By Airport Size Market Share Analysis
6.2.4.3.2.3. By Sales Channel Market Share Analysis

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