Press release
Key Trend Reshaping the Airport Retailing Market in 2025: Chalhoub Innovative Travel Retail Concept The Visitor At King Abdulaziz International Airport
Airport Retailing
Increased air passenger traffic is projected to spur the expansion of airport retailing in the future. The term "air passenger traffic" denotes the number and flow of individuals traveling by air during a specified timeframe. The reason for the surge in air passenger traffic is attributable to advancements in tourism, enhanced air connectivity, and societal and infrastructure-related factors. Airport retailing plays a crucial role in augmenting air passenger traffic by elevating the whole travel experience and producing extra income, thereby making airports more appealing to both passengers and airlines. For example, the Bureau of Transport and Statistics (BTS), an independent statistical agency based in the United States, reported in March 2023 that in 2022, U.S. airlines saw a 30% year-on-year increase in passenger volume, transporting an additional 194 million passengers compared to 2021. Moreover, the total number of passengers for U.S. airlines reached 853 million from January to December, up from 658 million in 2021 and 388 million in 2020. Therefore, the rise in passenger traffic is fueling the expansion of the airport retailing market.
Get Your Airport Retailing Market Report Here:
https://www.thebusinessresearchcompany.com/report/airport-retailing-global-market-report
What growth opportunities are expected to drive the airport retailing market's CAGR through 2034?
The size of the airport retailing market has seen significant expansion in the past few years. There is an anticipated growth from $29.28 billion in 2024 to $32.77 billion in 2025, which calculates to a compound annual growth rate (CAGR) of 11.9%. Elements contributing to the historical growth include an uptick in passenger numbers, growth in individual disposable income, expansion of travel retail brands, the rise of budget airlines, and increased urbanization.
Over the upcoming years, we anticipate experiencing a swift expansion in the airport retailing market size. It's projected that the market will rise to $50.76 billion in 2029, with a compound annual growth rate (CAGR) of 11.6%. Factors contributing to this growth in the projected period include a shift in consumer preferences, advancement and expansion of airport facilities, increasing demand for luxury and premium goods, growing advantages of duty-free shopping, and a boost in tourism. Key trends expected within the forecast period consist of technological progress, collaborations with airlines and loyalty programs, sophisticated analytics, modern retail concept developments, and innovative measures in omnichannel.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18216&type=smp
What are the emerging trends shaping the future of the airport retailing market?
Leading businesses in the airport retailing sector are keen on creating unique travel retail ideas to boost the passenger experience and secure a more substantial portion of the burgeoning worldwide travel retail market. This innovative travel retail concept involves novel strategies to elevate the shopping and dining experiences at airports, train depots, and other travel intersections. It emphasizes the incorporation of technology, customization, convenience, and the flawless merging of physical and digital retail spaces to cater to the changing needs and tastes of contemporary travelers. For instance, in November 2023, Chalhoub Group, headquartered in the United Arab Emirates (UAE), introduced The Visitor - a proprietary travel retail concept. This groundbreaking notion is curated to augment the travel experience and fulfil the demands of the burgeoning youth travelers. The idea behind the store is to offer travellers an enticing and immersive shopping experience.
Which growth-oriented segments of the airport retailing market are leading the industry's development?
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
Subsegments:
1) By Liquor And Tobacco: Alcoholic Beverages (Whiskey, Wine, Etc.), Cigarettes And Cigars, Duty-Free Alcohol And Tobacco
2) By Perfumes And Cosmetics: Fragrances (Men's And Women's), Skincare Products, Hair Care Products, Makeup And Cosmetics
3) By Fashion And Accessories: Clothing (Men's, Women's, Children's), Bags And Luggage, Jewelry And Watches, Sunglasses And Eyewear
4) By Food And Beverages: Packaged Snacks And Confectionery, Fresh Food (Sandwiches, Salads, Etc.), Beverages (Non-Alcoholic, Soft Drinks, Etc.), Specialty Foods (Local And International Cuisines)
5) By Other Products: Electronics And Gadgets, Souvenirs And Travel Essentials, Books And Magazines, Health And Wellness Products
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18216
What regions are leading the charge in the airport retailing market?
Asia-Pacific was the largest region in the airport retailing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airport retailing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the 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
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=18216&type=smp
What Is Covered In The Airport Retailing Global Market Report?
•Market Size Forecast: Examine the airport retailing market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the airport retailing market for a structured understanding.
•Key Players Overview: Analyze major players in the airport retailing market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the airport retailing market.
•Segment Contributions: Evaluate how different segments drive overall growth in the airport retailing market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the airport retailing market.
•Industry Challenges: Identify potential risks and obstacles affecting the airport retailing market.
•Competitive Landscape: Review strategic developments in the airport retailing market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Key Trend Reshaping the Airport Retailing Market in 2025: Chalhoub Innovative Travel Retail Concept The Visitor At King Abdulaziz International Airport here
News-ID: 3922844 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Airport
Toronto Pearson Airport Taxi Offers Top-Notch Airport Transportation
Image: https://www.getnews.info/wp-content/uploads/2024/07/1720188697.jpeg
Toronto Pearson Airport Taxi Provides Unmatched Convenience and Reliability for Travelers.
Toronto, ON - July 5, 2024 - Toronto Pearson Airport Taxi is the premier choice for all airport transportation needs. The company guarantees its passengers a smooth and stress-free trip to and from Pearson International Airport by focusing on excellent customer service. With a fleet of modern vehicles and professional drivers, Toronto Pearson Airport Taxi offers reliability and…
Optimizing Airport Operations : The Evolving Airport Stands Equipment Market
The global airport stands equipment market was valued at $3.97 billion in 2020, and is projected to reach $7.22 billion by 2030, registering a CAGR of 6.4%.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/1080
By stands the airport stands equipment market is segregated into engine access, landing gear access, wheel, aircraft entry, cabin interior, and others. The aircraft entry segment accounted for the highest revenue in 2020, owing to increase in demand for airport…
Airport Market to See Strong Investment Opportunity | Ciudad Juárez Internation …
The “ Airport - Market Development Scenario ” Study has been added to HTF MI database. The study covers in-depth overview, description about the Product, Industry Scope and elaborates market outlook and growth status to 2027. At present, the market is developing its presence following current economic slowdown and its Impact. Some of the key players considered in the study are Ciudad Juárez International Airport, Mérida International Airport, Mexico City…
Duty-free Shopping Market Projections Highlighting Primary Trends until 2027-Dub …
Duty-free Shopping Market 2021-2027 Financial Insights, Business Growth Strategies with Competitive Landscape
The Duty-free Shopping Market Research study published by MarketInsightsReports, entitled Global Duty-free Shopping Market Growth 2021-2027 consists of the market share, size, segmentation, and current trends. The study also contains the numerical research of the global Duty-free Shopping market on a global level and offers planning and designing statistics to boost business development. The report author has included key competitive landscape (upcoming identifiers)…
Airport IT Spending Market is Booming Worldwide| RESA AIRPORT DATA SYSTEMS, Rock …
HTF MI recently introduced Global Airport IT Spending Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Amadeus IT Group, RESA AIRPORT DATA SYSTEMS, Rockwell Collins, SITA…
Aerotropolis Market Report 2018: Segmentation by Airport Type (greenfield airpor …
Global Aerotropolis market research report provides company profile for Skanska, Turner Construction, Walsh Group, Austin Industries, HENSEL PHELPS and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on…
