Global airport retail industry expected to reach over $ 34 billion by 2028 – ResearchAndMarkets.com


DUBLIN – (COMMERCIAL THREAD) – The report “Airport Retailing Market – Market Size & Forecasting (2017-2028)” has been added to ResearchAndMarkets.com offer.

The global airport retail market size is estimated at USD 38,770.9 billion in 2020 and is expected to register a CAGR of 7.0% to reach USD 66,755.8 billion by 2028. But due from the impact of covid-19, the estimated market size fell to USD 22,524.6 billion in 2020 and is expected to register a CAGR of 5.6% to reach USD 34,846.9 billion by 2028 .

Companies mentioned

  • Dufry AG

  • Dubai Duty Free (Ddf)

  • Autogrill Group

  • DFS Group

  • Gebr

  • Heinemann Se & Co. Kg

  • Duty Free Americas Inc.

  • Lagardère Group

  • The Bridge Duty Free

  • Bahrain Duty Free Shop Complex

  • Wh Smith plc

  • Accessories Hidesign Ltd.

  • Pavers England Limited

  • William Penn Pvt. Ltd.

  • Lacoste SA

Market growth is driven by an increase in global passenger traffic, especially in Asia-Pacific countries. The region will continue to make major contributions to passenger transport, through the expansion of low cost airlines, visas on arrival, increased purchasing power and favorable exchange rates. In addition, the growth of the tourism sector, the increase in investment in airport expansion and renovation, and the increase in spending for international vacations are the key factors that are contributing to the growth of the retail market. at airports.

In addition, the growth of international retailers and the increase in the number of terminals are other factors that are expected to drive global demand for airport retail. Retail demand at airports is driven by an increase in passenger numbers, especially in developing countries where traffic levels are high. The airport retail market has also been strongly boosted by travelers’ appetites for on-the-go shopping and the growing potential of retailers to sell products.

In developing economies, high disposable incomes have given big brands the opportunity to locate their stores on airport premises. In the time between passing security and immigration offices and boarding the plane, people have the maximum amount of time to shop. To maximize this delay, airports are trying to reduce waiting times for check-in, security and immigration queues. Sustainable fares and the presence of big brands at discounted prices are the key factors that enable travelers to shop retail at airports. All of these factors are expected to drive the growth of the global airport retail market.

This research report categorizes the Airport Retail Market on the basis of various segments and regions and forecasts revenue growth and trend analysis in each of the submarkets. The report analyzes the key growth drivers, opportunities and challenges influencing the airport retail market. Recent market developments and competitive strategies such as expansion, product launch and development, partnerships, mergers and acquisitions have been included in order to draw the competitive landscape of the airport retail market . The report strategically identifies and profiles key market players and analyzes their core competencies in each segment such as category, application deployment model, airport size and sales market vertical. retail at airports.

Answers to key questions:

  • How is the airport distribution market evolving?

  • What are the driving and restraining factors in the global airport retail market?

  • How will each Airport Retailing submarket segment grow over the forecast period and how many sales will these submarkets represent in 2028?

  • How will the market shares of each airport retail submarket grow from 2020 to 2028?

  • Which airport retail submarket will be the primary driver of the overall market from 2020 to 2028?

  • How will political and regulatory factors influence the regional airport retail markets and submarkets?

  • Will the national leader in airport distribution globally follow macroeconomic dynamics, or will each country’s sectors outperform the rest of the economy?

  • How will the market shares of national markets evolve by 2028 and which country will dominate the market in 2028?

  • Who are the main players and what is their outlook over the forecast period?

  • How will the industry evolve as alliances are formed over the period between 2017 and 2028?

Main topics covered:

1 Market summary

2 Market overview

3 Research practice

4 related key data

4.1 Competitive positioning

4.2 Major investments over the past five years by global players

4.3 Key Industry Trends in Major Countries

4.4 Technological advancement

4.5 Guidelines / Regulations

4.6 Impact of Covid-19 on the Airport Retail Market

5 Analysis of impact factors

5.1 Market dynamics

5.1.1 Drivers

5.1.1.1 Increase tourism

5.1.1.2 Increase the promotion of retail sales at airports

5.1.2 Constraints

5.1.2.1 Strict government rules and regulations

5.1.3 Opportunities

5.1.3.1 Improving the customer experience at airports

5.1.4 Challenges

5.1.4.1 Presence of downtown retail stores

5.2 Porter’s five forces model

6 Market development analysis

7 Airport Retail Market, By Category

8 Airport Retail Market, by Type

9 Airport retail market, by airport size

10 Airport Retail Market, Regional Analysis

11 Company profile

12 Appendix

For more information on this report, visit https://www.researchandmarkets.com/r/q1m59r


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