Airport Retailing Market to Witness a Healthy CAGR of 12.40% with USD 97.18 Billion by 2032 | PMR

The global airport retailing market is poised to grow at a steady compound annual growth rate (CAGR) of 12.40% over the forecast period from 2024 to 2032. The market was valued at USD 34.1 billion in 2023 and is projected to grow to USD 97.18 billion by 2032. The rapid expansion and modernization of airport infrastructure across both developed and developing economies is the primary factor fueling the market expansion. Besides, the rising adoption of various types of digital technologies is anticipated to spur industry demand in the upcoming years.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/airport-retailing-market/request-for-sample

Airport retailing is a term used to refer to the availability of retail services within an airport terminal. It's concerned with the sales of goods and services with the airport in order to offer greater convenience to travelers. Airport retailing may include a wide range of establishments, ranging from luxury brands to convenience stores and duty-free shops. Along with that, car rental outlets, drugstores, nursing homes, jewelry stores, exchange offices, and banks may be a part of airport retailing. The retail service type necessitates a number of characteristics for proper functioning. In airport retailing, the quantity and quality of products/services available are heavily influenced by the passenger footfall and the nature of the airport.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

The airport retailing market has the presence of several key players. The top industry participants are constantly upgrading their technologies to assert their dominance in the market. Some of the major players operating in the industry include:

• Airport Retail Group LLC
• Autogrill
• China Duty-Free Group Co. Ltd.
• DFS Group Ltd.
• Dubai Duty-Free
• Dufry AG
• Flemingo International
• Gebr. Heinemann SE & Co. KG
• Japan Airport Terminal Co. Ltd.
• King Power International
• The SHILLA Duty Free
• World Duty-Free Group

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/2823/2

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

𝐁𝐲 𝐂𝐚𝐭𝐞𝐠𝐨𝐫𝐲

• Fashion & Accessories
• Perfumes & Cosmetics
• Liquor & Tobacco
• Food & Beverages
• Others

𝐁𝐲 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥

• Direct Retailer
• Convenience Store
• Specialty Retailer
• Departmental Store

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/airport-retailing-market

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

• The Asia Pacific region dominated the market with the largest revenue share. The industry growth in the region can be attributed to the rising consumer living standards and disposable incomes, resulting in significant expansion of the tourism sector.

• The North America region is likely to witness the fastest growth with a healthy CAGR. This is primarily due to the continuous expansion of airports in the region and the rising emphasis on improving consumer experiences.

𝐀𝐢𝐫𝐩𝐨𝐫𝐭 𝐑𝐞𝐭𝐚𝐢𝐥𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

• Fashion & accessories segment accounted for largest global market share in 2022, due to increasing customer base at airports spending higher on premium and fashionable products

• Direct retailer segment led the industry market with substantial share in 2022, mainly attributable to their better control on their operations and ability to provide best competitive rates in the market

• Medium airports segment is likely to grow at significant growth rate over the study period, owing to increased number of passengers due to their modern, spacious, and well-designed terminals

• Asia Pacific region dominated the global market with considerable share in 2022, on account of rising consumer disposable incomes and surging airport infrastructure development in the region

• The global key market players include King Power International, Japan Airport Terminal, Flemingo International, Airport Retail Group, Dubai Duty-Free, and DFS Group

𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐛𝐲 𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

𝐏𝐨𝐫𝐭 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/port-equipment-market

𝐁𝐚𝐬𝐞 𝐌𝐞𝐭𝐚𝐥 𝐌𝐢𝐧𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/base-metal-mining-market

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐒𝐲𝐬𝐭𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/automotive-operating-system-market

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐒𝐭𝐞𝐞𝐫𝐢𝐧𝐠 𝐒𝐲𝐬𝐭𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/automotive-steering-system-market

𝐀𝐢𝐫𝐜𝐫𝐚𝐟𝐭 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐌𝐨𝐭𝐨𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/aircraft-electric-motors-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

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