Duty-free Retailing Market Forecast: Segments, Drivers, and Growth Factors to 2031 - China Duty Free Group, Duty Free Americas, Dubai Duty Free.

DataM Intelligence has released a new research report on the Duty-free Retailing market. The report provides a detailed analysis of current and emerging trends, offering insights into the market dynamics. It utilizes Porter's Five Forces model to assess key factors such as supplier and customer relationships, risks from various agents, competitive intensity, and opportunities for new entrants. The study also includes research data from various companies, analyzing factors like benefits, gross margins, and strategic decisions in the global market. The report is enriched with tables, charts, and infographics for a clear presentation of the findings.

Duty-free Retailing Market is valued at at a promising CAGR of 20.40% during the forecast period (2024-2031).

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Duty-free retailing refers to the sale of goods to international travelers without the inclusion of local import duties and taxes. These retail outlets are typically located at international airports, seaports, and border crossings, allowing passengers to purchase products at reduced prices compared to regular retail shops. Duty-free stores offer a wide range of products, including cosmetics, alcohol, tobacco, luxury goods, and souvenirs, capitalizing on travelers' desire for premium items at competitive prices. Shoppers must show proof of international travel, as duty-free purchases are usually limited to certain quantities per person and are subject to customs regulations in their home country. This retail model provides significant revenue for airports and enhances the travel experience, contributing to the global tourism industry.

List of the Key Players in the Duty-free Retailing Market:

LVMH, Dufry, Lagardère Travel Retail, Lotte Duty Free, Aer Rianta International, China Duty Free Group, Duty Free Americas, Dubai Duty Free, Gebr. Heinemann, JR/Group.

Key Developments:

For example, on July 20, 2022, Dufry announced the extension of its existing duty-free contract at Belo Horizonte International Airport in Confins for an additional two years, extending the partnership with CCR & Zurich Airport until 2029. Additionally, Dufry received a ten-year contract that enables it to manage its current portfolio of four duty-paid stores, which includes the Hudson and Dufry Shopping concepts. The agreement also allows for the construction of three new duty-paid stores, one of which will feature a walkthrough design with a footprint of 670 square meters.

Research Process:

Both primary and secondary data sources have been used in the global Duty-free Retailing Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Duty-free Retailing Market:

By Type: Fashion apparel and accessories, hard luxury goods, and electronics, Natural Fiber Composites.

By Sales Channel: Airports, Onboard Aircraft, Seaports, Train Stations, Others.

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Regional Analysis:

➣ North America (US, Canada, Mexico)

➣ Europe (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)

➣ Asia-Pacific (China, India, Japan, Australia, Rest of Asia Pacific)

➣ South America (Brazil, Argentina, Rest of South America)

➣ Middle East and Africa

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Duty-free Retailing market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Duty-free Retailing Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Duty-free Retailing market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Duty-free Retailing Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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The Research Report Offers Answers To The Following Questions:

☛ What is the expected growth rate of the global market for the forecast period?

☛ What are the key driving factors that are responsible to shape the fate of the Duty-free Retailing market during the forecast period?

☛ What will be the overall size of the market during the analysis period?

☛ What are the prominent market trends which influence the development of the Duty-free Retailing market across various regions?

☛ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☛ What are the challenges and threats that are likely to act as a barrier to the growth of the Duty-free Retailing market?

☛ What are the major opportunities that the companies can get to attain success in the world?

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