Albany, NY -- (SBWIRE) -- 08/16/2017 -- Duty-free retailers are those who are exempted from certain local and national taxes and duties because they sell goods to international travelers. However, taxes may be imposed on such goods once the buyer reaches their country of destination or when the value or quantity of those goods exceeds certain limits. Such retailers operate at international airports, border towns, seaports, train stations, and onboard aircraft and ships. These retailers offer products like perfumes, cosmetics, alcohol, cigarettes, chocolates, electronics, and accessories.
The global duty-free retailing market to grow at a CAGR of 8.56% during the period 2017-2021. The report covers the present scenario and the growth prospects of the global duty-free retailing market for 2017-2021. To calculate the market size, the report considers the revenue generated from the retail sales of various consumer products to individual customers at duty-free retail stores globally.
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The market is divided into the following segments based on geography:
- Americas
- APAC
- Europe
- MEA
Technavio's report, Global Duty-Free Retailing Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
- Dufry
- Lagardre
- Lotte Shopping
- LVMH
Other prominent vendors
- Aer Rianta International (ARI)
- China Duty Free Group
- Dubai Duty Free
- Duty Free Americas
- Gebr. Heinemann
- JR/Group (James Richardson)
- King Power International Group (Thailand)
- The Shilla Duty Free
Market driver
- Premium product offerings and exemption of excise duties
- For a full, detailed list, view our report
Market challenge
- Lesser focus on shopping at travel points
- For a full, detailed list, view our report
Market trend
- APAC: Region with the highest growth rate
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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