In-depth study of the Travel Retail Industry that helps to provide answers and relevant questions regarding the Emerging trends and Growth opportunities. It helps identify each of the major growth barriers aside from identifying the trends in the Travel Retail market.
The Travel Retail Market report offers an in-depth analysis of the Global Market and several important aspects related to it. It provides its readers with great knowledge about current market dynamics, current market valuation, and past statistics as well. This helps researchers in the study of the market’s performance so far and predicting the further performance for the forecasted period. Various major market aspects such as demand and supply, revenue growth patterns market shares, and market trends are analyzed thoroughly while the drafting of this Travel Retail report.
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Major Key players covered in this report:
Dufry AG, Shilla Duty Free DFS Group, Heinemann, Lagardère Travel Retail, Lotte Duty Free, Retrail GmbH
By Product, Fashion and accessories, Perfume and Cosmetics, Electronics, Food, Confectionery products, Bakery products, Catering, Luxury goods, Watches, Jewellery, Wine & spirits,
By Channel, Airports, Cruise line, Border, downtown, and hotel shops, Railway stations
As per the study commissioned by Duty-Free World Council (DFWC) and the Asia Pacific Travel Retail Association (APTRA), Asia-Pacific’s travel retail market is projected to grow with a CAGR of 8.7% during the forecast period. In 2017, the region's travel retail sales accounted for around USD 36.2 billion. Airports and airlines accounted for nearly USD 21.2 billion in travel retail sales, of which around three-fourth occurred in the sub-region of East Asia. Land and maritime duty-free and travel retail sales amounted to approximately USD 15 billion. 79% of all duty-free and travel retail sales in the region occurred in East Asian countries such as South Korea, China, and Japan. In addition, duty-free and travel retail spending in the Asia Pacific region accounted for an estimated 140,900 direct jobs and USD 7.6 billion in direct GDP. Moreover, according to the DFWC, the Asia Pacific region is the dominating region in the travel retail market, accounts for more than 45% in the global travel retail market.
The report has been prepared after studying the different parameters ruling the Travel Retail Market and the forecast period has been estimated from 2021-2029. The forecast period is the time period when the key factors and parameters will help the market to flourish significantly. The estimated value of the market has been represented through a CAGR percentage. Additionally, the report represents the approximate revenue that can be generated over the forecast period. However, the report has also outlined the factors that can slow down the growth of the Travel Retail Market.
Key Drivers
The report includes the key driving forces prevailing in the Travel Retail Market. This part of the report has been studied keeping in mind the political, economic, social, technological, geographical, and cultural scenario of the Travel Retail Market. These factors can be projected to have their individual effects on the market, or they can have interconnected impacts. Besides, subtle change in the time frame within which these factors are functioning might have ripple effects on the Travel Retail Market.
Regional
The travel Retail Market has been segmented into Europe, the Americas, Asia Pacific, and the Middle East & Africa. This part of the report provides an exhaustive view of the regional scope existing in the Travel Retail Market. The trends and preferences dominating each region have a direct impact on the industries. The report tries to exploit the trends and preferences prevailing in a region to offer the users with a clear picture of the business potential existing in that region.
Research Methodology
The primary research procedure conducted to arrive at the results includes panel of face-to-face interviews with industry experts and consumers. The secondary research procedure includes an intricate study of the scholarly journals and reports available online.
In this study, the years considered to estimate the size of Travel Retail are as follows:
History Year: 2016-2021
Base Year: 2021
Forecast Year 2021 to 2029.
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The Travel Retail market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the travel retail market include Aer Rianta International (ARI), China Duty Free Group (CDFG), DFS Group, Dufry, Gebr.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Travel Retail Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/Travel-Retail-market/download-sampleMarket DynamicsThe growing travel and tourism industry coupled with the increasing demand for electronics, luxury goods, and food products in the duty-free environment is driving the market growth.
The growing number of international travelers owing to growing disposable income and rapid urbanization in emerging economies is further fuelling market growth.
On the other hand, stringent government regulations in airport retailing may hamper market growth.
The Travel Retail Market report has been prepared to bring about comprehensive analysis of the market structure along with forecast of the different segments and sub-segments of the market.
The Travel Retail market report has been formulated to bring about comprehensive analysis of the market structure along with forecast of the different segments and sub-segments of the market.
Analysis of consumer needs by major regions, types, applications in Global market by considering the past, present and future state of the industry has been conducted.
The report is prepared based on the market type, size of the organization, availability on-premises and the end-users’ organization type.The travel retail market is expected to be growing at a growth rate of 13.95% in the forecast period of 2021 to 2028.This Travel Retail market research report is generated by using integrated approaches and latest technology for the best results.
Analysis and estimation of important industry trends, market size, and market share are mentioned in this Travel Retail report.
In no doubt, businesses will increase sustainability and profitability with this Travel Retail market research report.Due to the pandemic, we have included a special section on the Impact of COVID 19 on the Travel Retail Market which would mention How the Covid-19 is affecting the Travel Retail Industry, Market Trends and Potential Opportunities in the COVID-19 Landscape, Covid-19 Impact on Key Regions and Proposal for Travel Retail Players to Combat Covid-19 Impact.Get Sample PDF of Travel Retail Market Report (including COVID19 Impact Analysis) @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-travel-retail-marketTravel Retail Market Scope and Market Size:The travel retail market is segmented on the basis of product and distribution channel.
