Duty-free retailing are retail outlets that are exempt from the payment of certain local or national taxes and duties, on the requirement that the goods sold will be sold to travelers who will take them out of the country.
The report shows the Duty-Free Retailing market is valued at approximately USD xxxx million in 2019 and is expected to generate revenue of around USD xxxx million by 2026, growing at a CAGR of roughly xxxx% from 2019 and 2026.
The exemption of excise duty on premium products is one of the most significant factors that stimulating global Duty-free Retailing industry. Due to these products offerings vital for determining the overall sales of Duty-free retailing, which induces a large number of players to introduce more range of luxury brands to their product portfolio to enhance their sales, this is estimated to booming the demand for Duty-free products therefore positively propelling the market expansion across the globe.
Further, compared with other retail business forms, products sold at a much lower price in the Duty-free Retailing stores at airports, border towns, seaport, and other sites, this, however, ensuring a good fan base of these stores as the luxuries more affordable to a large population, especially the middle-class group.
Market Player
Important players profiled in the global Duty-Free Retailing market are Dubai Duty Free, Dufry, Lagardère, Lotte Shopping, LVMH, Aer Rianta International (ARI), China Duty Free Group, Duty Free Americas, Gebr, Heinemann, JR/Group (James Richardson), King Power International Group, Shilla Duty Free, and etc.
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Market Segmentation
By Type
Fashion, Accessories, and Hard Luxury
Cosmetics and Perfumes
Wines and Spirits
Tobacco
Confectionery and Fine Foods
By Application
International Airports
Border Towns
Seaports
Train Stations
Onboard Aircraft
Others
By Region
North America
u U.S.
u Canada
u Mexico
Europe
u Germany
u France
u Italy
u Spain
u U.K.
u Nordic Countries
u Belgium
u Russia
u Rest of Europe
Asia Pacific
u China
u India
u Australia
u Japan
u South Korea
u Australia and New Zealand
u Rest of Asia Pacific
Latin America, Middle East & Africa
u GCC Countries
u Brazil
u Nigeria
u Argentina
u South Africa
u Others
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Here are some key trends about which you need to keep an eye on for Global Duty-Free Retailing Market (2019 – 2026)
l Asia-Pacific remains a leader in terms of shares, representing a proportion of xx% in the base year, and is expected to be the fast-growing regional market for Duty-Free Retailing over the forecast period, due to growing consumption of luxury goods and expenditure on travel.
l Ongoing international tourism is the main driver to the global Duty-Free Retailing market, but less focus on shopping at the point of travel will be a great challenge.
l Revenue growth in the Americas, Europe, Middle-East, Africa will see increasing trends.
l Lotte Duty-Free, one of the top players in the field, is a mainly Japanese and Korean multinational conglomerate, comes with a prominent position in terms of revenue shares, accounting a proportion up to xx% in the base year.
l Fashion, Accessories, and Hard Luxury segment emerged a most attractive segment market, due to the high value and demand for these products among customers.
Market Analyze Period
l Base Year: 2018
l Estimated Year: 2019
l Forecast Period: 2019 to 2026
Report Key Audience
l Duty-Free Retailing service providers
l Global Duty-Free Retailing stores, malls, shoppers
l Downstream vendors and end-users
l Traders, distributors, and resellers of Duty-Free products
l Service, entertainment industry associations and solution institutions
l Product managers, Duty-Free Retailing industry administrator, C-level executives of the industries
l Market Research and consulting firms
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