Duty free channel has produced notable growth over the last five years; however, it was far below its potential as the market was largely impacted by recession and the European crisis. Over the next five years, the market is expected to expand at a faster rate mainly driven by increasing number of international travelers, supported by growth of low cost airlines and new air routes across the world, modernization of airports, and new duty free retail space. In addition, organic growth in Asia-Pacific duty free market on the back of high Chinese spending and expansion of duty free retail space will contribute to the global sales.
Key Findings
Global will register CAGR of 6.7% during 2015-2020 with Asia-Pacific contributing to majority of the sales
South Korea is the largest market globally and will retain its position growing at a CAGR of 9.6%
India will be the fastest growing market at 20.7% during 2015-2020, followed by Japan, which will enter top 10 largest market list at the seventh position in 2020
Cosmetic and toiletries was the largest category in 2015 and is set to witness a CAGR of 7.9% during the next five years, driven by demand for Korean cosmetics, introduction of specialized concepts promoting higher customer engagement
Synopsis
The "Global Duty Free Retailing, 2015-2020" report, published by Verdict Research, provides analysis of current and forecast market data for retail sales in different product categories sold through duty free channel across the globe.
What else does this report offer?
Current market sizes and forecasts to 2020 by country and category; covers 50 countries and 20 categories, including clothing, consumer electronics, drinks, footwear, homewares, jewelry, watches and accessories, luggage and leather goods, packaged food, health and beauty, photographic equipment, printed media, sports equipment, tobacco, toys and games, and others
Market insights based on consumer trends and changing economic and demographic factors on a regional and country basis
International arrivals by country and top 10 source countries for international arrivals in top 20 countries
Retail sales and fastest-growing markets for duty free channel
Category level retail sales and forecast growth rates for each country
Competitive landscape covering market share of major duty free operators in the region and their five year duty free sales and trading update analysis, recent key events, and outlook
Key Topics Covered in the Report:
Global Duty Free Retailing Market
Global Duty Free Retailing Market Future Outlook
Global Duty Free Retailing Industry Research
Middle East Duty Free Retailing Market Analysis
Europe Duty Free Retailing Market Trends
Africa Duty Free Retailing Market Size
Global Duty Free Retailing Market Research Report
Global Duty Free Retailing Market Swot
Global Duty Free Retailing Market Growth
US Duty Free Retailing Market Revenue
To know more, click on the link below:
https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/global-duty-free-retailing-market-dynamics-retail/43354-95.html
Related reports
https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/duty-free-retailing-europe/47678-95.html
https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/duty-free-retailing-middle-east-north-africa/47677-95.html
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
[email protected]
+91-124-4230204