Boonton, NJ -- (SBWIRE) -- 10/12/2018 -- Global Duty Free Retailing Market Analysis
According to Verified Market Intelligence, The Global Duty Free Retailing Market was valued at USD 70.37 billion in 2017 and is projected to reach USD 118.81 billion by 2025, growing at a CAGR of 6.8% from 2018 to 2025.
What is Duty Free Retailing?
With growing population, the number of travelers has also increased lately enhancing the scope of tourism globally. Over 1 billion people travel internationally which instigates the need of shopping spaces in airport and various other sales channels such as sea ports, downtown shops, etc. These shops at the sales channels are subsidized of all the taxes and produces maximum number of revenue. Duty free retailing shops comprises various segments such as fragrances & cosmetics, alcohol & spirits, fashion & accessories, tobacco goods, watches & jewelry. Rapid growth of tourism industry have contributed in the growth of duty free retailing market.
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Global Duty Free Retailing Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Increasing scope of travel and tourism and attraction towards the subsided goods is booming the market and acts as a potential driver for the overall market. Apart from this, low statistics of sales shows that the local duty free retailers are not able to generate ample amount of revenue which suggests that the market might experience a downfall.
Verified Market Intelligence narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The "Global Duty Free Retailing Market" is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.
Global Duty Free Retailing Market Competitive Landscape
The "Global Duty Free Retailing Market" study report will provide a valuable insight with an emphasis on global market including some of the major players such Dufry AG, China Duty Free, Duty Free Americas, Inc., Safilo, King Power International Group and many more. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
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Global Duty Free Retailing Market Segmentation, by Type
On the basis of type, Global Duty Free Retailing Market is segmented into:
Fragrances & cosmetics
Alcohol & spirits
Fashion & accessories
Watches & Jewelry
The Fragrances & Cosmetics Segment dominated the market in 2017 and is projected to grow at a significant CAGR between 2018 and 2025.
Global Duty Free Retailing Market Segmentation, by Sales Channel
On the basis of sales channel, Global Duty Free Retailing Market is classified into:
The Airport segment accounted for the major shares of the market in the year 2017 and is projected to grow at a significant CAGR between 2018 and 2025.
Global Duty Free Retailing Market Geographic Scope
Rest of Europe
Rest of Asia Pacific
Rest of the World
Asia Pacific dominated the market in the year 2017 followed by Europe. This region is expected to account for the largest share in the forthcoming years as it is the highest revenue contributor of the market.
Table Of Content
1 Introduction Of The Global Duty Free Retailing
2 Executive Summary
3 Research Methodology Of Verified Market Intelligence
4 The Global Duty Free Retailing Outlook
5 The Global Duty Free Retailing, By Systems
6 The Global Duty Free Retailing, By Service
7 The Global Duty Free Retailing, By Verticals
8 The Global Duty Free Retailing, By Applications
9 The Global Duty Free Retailing, By Geography
10 The Global Duty Free Retailing Competitive Landscape
Reason to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Duty Free Retailing market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Duty Free Retailing market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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