Press release
Airport Retailing Market Revenue, Insights, Overview, Outlook, Analysis
Airport Retailing Market Report
As per the report, the airport retailing market size has grown rapidly in recent years. It will grow from $26.29 billion in 2023 to $29.28 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The airport retailing market size is expected to see rapid growth in the next few years. It will grow to $45.54 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%.
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What Is Driving The Growth Of The Global Airport Retailing Market?
The Impact of Increasing Passenger Traffic On The Growth Of Airport Retailing
The growing air passenger traffic is expected to propel the growth of airport retailing going forward. Air passenger traffic refers to the movement and volume of passengers traveling by air over a specified period. The growing air passenger traffic is due to tourism development, improved air connectivity, and social and infrastructural factors. Airport retailing significantly enhances air passenger traffic by improving the overall travel experience, generating additional revenue, and making airports more attractive to passengers and airlines.
What Is The Key Trend In The Global Airport Retailing Market?
Chalhoub Innovative Travel Retail Concept The Visitor At King Abdulaziz International Airport
Major companies operating in the airport retailing market are focused on developing innovative travel retail concepts to enhance passenger experience and capture a larger share of the growing global travel retail market. The new travel retail concept encompasses innovative approaches to improve the shopping and dining experiences for travelers at airports, train stations, and other travel hubs, which focuses on integrating technology, personalization, convenience, and a seamless blend of physical and digital retail environments to meet the evolving needs and preferences of modern travelers.
How Is The Global Airport Retailing Market Segmented?
The airport retailing market covered in this report is segmented -
1) By Product: Liquor And Tobacco, Perfumes And Cosmetics, Fashion And Accessories, Food And Beverages, Other Products
2) By Services: Currency Exchange, Travel Agencies, Car Rentals, Duty-Free Pre-Order
3) By Airport Size: Large Airport, Medium Airport, Small Airport
4) By Store Location: Pre-Security (Landside), Post-Security (Airside)
5) By Distribution Channel: Direct Retailer, Convenience Store, Specialty Retailer, Departmental store
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How Is The Competitive Landscape Of The Global Airport Retailing Market?
Major companies operating in the airport retailing market are Dufry AG, Lagardère Travel Retail Group, Gebr. Heinemann SE & Co. KG, SSP Group PLC, HMSHost Corporation, Duty Free Americas Inc., Dubai Duty-Free, Nuance Group, Japan Airport Terminal Co. Ltd., Paradies Lagardère, WH Smith PLC, DFS Group Limited, Lotte Duty Free, Hudson Group, InMotion Entertainment Group LLC, Flemingo International, Airport Retail Group LLC, Aer Rianta International (ARI), King Power International, The Shilla Duty Free, Autogrill S.p.A., Aelia Duty Free
Contents Of The Global Airport Retailing Market
1. Executive Summary
2. Airport Retailing Market Report Structure
3. Airport Retailing Market Trends And Strategies
4. Airport Retailing Market - Macro Economic Scenario
5. Airport Retailing Market Size And Growth
…..
27. Airport Retailing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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