Travel Retail Market Size, Share Leaders, Opportunities Assessment, Covid-19 Impact Analysis, Trends and Forecasts to 2027

Posted July 12, 2022 by sandipmaximize

A travel retailer is a business entity that develops, arranges, or offers travel services and may offer and distribute travel insurance to its clients on behalf of and under the supervision of a limited lines travel insurance producer.
Travel Retail Market size was valued at US$ 53.82 Bn. in 2021 and the total Global Travel Retail revenue is expected to grow by 9.2% from 2022 to 2029, reaching nearly US$ 108.82 Bn.

Travel Retail Market Overview:

The Travel Retail market competitive landscape separates information by a competitor. The facts include a corporate overview, financials, revenue generated, market potential, investment in research and development, new market efforts, geographical presence, firm strengths and weaknesses, product introduction, product width and breadth, and application dominance. The preceding data points are solely relevant to the businesses' concentration on the Travel Retail market.

Travel Retail Market Scope:

This Travel Retail market report discusses new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, and geographic expansion. Please contact Maximize Market Research for an Analyst Brief for more information on the Travel Retail market; our specialists will aid you in making an informed market choice to achieve market growth.

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Travel Retail Market Segmentation:

By Sales Channel Segment, in 2021, the airport sector led the market, accounting for the largest market share. An increasing number of air passengers is anticipated to contribute to segment growth as a result of lower costs and improved living conditions. Additionally, initiatives by many airports to increase profitability from non-aeronautical resources have spurred the growth of this segment's retail sector. The border, downtown, and hotel stores category is predicted to grow at the fastest rate throughout the forecast period. These kinds of stores represent the most recent trends. Retailers benefit from reduced rents in border and downtown regions, as contrasted to the airport area.

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Travel Retail Market Key Players:

• Dufry Group • Lotte Duty-Free • The Shilla Duty-Free • China Duty-Free Group • Lagardére Travel Retail • DFS Group • Gebr Heinemann • Shinsegae Duty-Free • King Power International Group (Thailand) • Ever Rich Duty-Free Shop • Dubai Duty-Free • Duty-Free Americas • Aer Rianta International • WHSmith • Japan Airport Terminal Co • Starboard Cruise Services • Flemingo International • 3Sixty Duty-Free • Hyundai Duty-Free • NAA Retailing • Qatar Duty-Free • Sky Connection • Tallink Group • King Power Group (Hong Kong) • JR/Duty-Free

Regional Analysis:

The geographical section of the research also includes individual market influencing variables and changes in market regulations that affect current and future market trends. Data points such as downstream and upstream value chain analysis, technology trends, porter's five forces analysis, and case studies are only a few of the indicators used to forecast market scenarios for various countries.

COVID-19 Impact Analysis on Travel Retail Market: The research also addresses the impact of COVID-19 on the Travel Retail market. The fundamental purpose of this study is to aid the user in understanding the market in terms of definition, segmentation, market potential, noteworthy trends, and industry challenges across 10 key regions. The study provides a micro and macroeconomic analysis of the total impact of COVID-19 on the Travel Retail Market. The specific analysis focuses on market share and size, which clearly demonstrates the influence that the pandemic has had and will have on the Health Insurance Market in the next years.

Key Questions Answered in the Travel Retail Market Report are:

What will be the CAGR of the Travel Retail market during the forecast period (2021-2027)?

Which segment emerged as the leading segment in the Travel Retail market?

Which are the prominent players in the Travel Retail market?

What key trends are likely to emerge in the Travel Retail market in the forecast period?

What will be the Travel Retail market size by 2027?

Which company held the largest share in the Travel Retail market in 2020?

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Issued By sandip
Phone +91 20 6630 3320
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Country India
Categories Business
Tags travel retail market
Last Updated July 12, 2022