Press release
Strong Growth Ahead: Airport Retailing Market Size To Grow At Arecord 11.6% Cagr By 2029
Airport Retailing Market
How Big Is the Airport Retailing Market Size Expected to Be by 2034?
The airport retailing market has seen rapid expansion and is projected to grow from $29.28 billion in 2024 to $32.77 billion in 2025 at a CAGR of 11.9%. Factors include rising passenger numbers, higher disposable incomes, the expansion of retail brands, low-cost airline growth, and urbanization.
The airport retailing market is anticipated to grow swiftly, reaching $50.76 billion by 2029 at a CAGR of 11.6%, due to evolving consumer habits, improved airport infrastructure, increased demand for luxury goods, benefits of duty-free shopping, and higher tourism rates. Notable trends include tech innovation, airline partnerships, data-driven strategies, unique retail formats, and omnichannel retailing.
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What Are the Emerging Segments Within the Airport Retailing Market?
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
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What Long-Term Drivers Are Shaping Airport Retailing Market Trends?
The increase in air travel is positively influencing airport retailing market growth. Passenger traffic is rising due to tourism, improved connectivity, and infrastructure improvements. Airport retail enhances the passenger experience and provides additional revenue for airport operations. In March 2023, the Bureau of Transport and Statistics stated that U.S. airlines carried 853 million passengers in 2022, up from 658 million in 2021. Consequently, airport retailing is growing alongside increased air travel.
Who Are the Top Competitors in Key Airport Retailing Market Segments?
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
What Airport Retailing Market Trends Are Gaining Traction Across Different Segments?
In the airport retailing market, companies are enhancing the travel experience with modern retail concepts. For instance, in November 2023, Chalhoub Group launched The Visitor, a retail concept designed to appeal to younger travelers by delivering a dynamic and immersive airport shopping experience.
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Which Regions Are Becoming Hubs for Airport Retailing Market Innovation?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Airport Retailing Market?
2. What is the CAGR expected in the Airport Retailing Market?
3. What Are the Key Innovations Transforming the Airport Retailing Industry?
4. Which Region Is Leading the Airport Retailing Market?
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