Global Airport Retail Market (2022 to 2027)

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DUBLIN, April 1, 2022 /PRNewswire/ — The “Airport Retail Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” report has been added to from ResearchAndMarkets.com offer.

The global airport retail market reached a value of US$20.1 billion in 2021. Looking ahead, the publisher expects the market to reach US$41.6 billion by 2027, exhibiting at a CAGR by 10.06% over the period 2022-2027. Keeping in mind the uncertainties of COVID-19, we continuously monitor and assess the direct and indirect influence of the pandemic. This information is included in the report as a major market contributor.

Airport retail includes services such as hotels, retirement homes, car rental agencies, currency exchange offices, banks and pharmacies. It also includes shops for books and magazines, gifts and crafts, jewelry, clothing and accessories, optics and souvenirs. In addition to this, it helps in providing comfort to people who travel by delivering a variety of goods. As it also helps to generate brand awareness, airport retail finds wide application in airports around the world.

Airport Retail Market Trends:

One of the key factors enhancing the growth of the market is the booming travel and tourism industry owing to the increase in leisure travel. Apart from this, a significant increase in the time spent by passengers at airports due to earlier check-in times for security and operational reasons has positively influenced the demand for retail at airports worldwide . It can also be attributed to rising disposable incomes and changing lifestyles of people around the world.

Additionally, since airport retail stores are duty-free, i.e. exempt from paying local or national taxes, they allow travelers to purchase the available products at a relatively cheaper rate. This, in conjunction with numerous initiatives undertaken by brands to personalize their offering and improve the overall shopping experience for travellers, is creating favorable market prospects.

Additionally, brands engage in extensive research activities to collect data related to location, flight timings, and number of passengers in the flight. These activities help brands monitor warehouses, adopt price skimming strategies, and conduct promotional activities to meet customer preferences. Additionally, the market is expected to grow due to the growing trend of bringing souvenirs while traveling.

Competitive Landscape:

The competitive landscape of the industry has also been reviewed along with the profiles of major players i.e. Airport Retail Group LLC, Autogrill SpA, China Duty Free Group Co. Ltd. (China International Travel Service Co. Ltd.), DFS Group Ltd. (LVMH Moet Hennessy Louis Vuitton), Dubai Duty Free, Dufry AG, Duty Free Americas Inc., Flemingo International Ltd., Gebr. Heinemann SE & Co. KG, Japan Airport Terminal Co. Ltd., KING POWER International and Lagardère Travel Retail (Lagardère Group).

Answers to key questions in this report:

  • How has the global airport retail market behaved so far and how will it behave in the years to come?
  • What has been the impact of COVID-19 on the global airport retail market?
  • What are the main regional markets?
  • What is the market breakdown by product?
  • What is the breakdown of the market according to the size of the airport?
  • What is the market breakdown by distribution channel?
  • What are the different stages of the industry value chain?
  • What are the key drivers and challenges in the industry?
  • What is the structure of the global airport retail market and who are the key players?
  • How competitive is the industry?

Main topics covered:

1 Preface

2 Scope and methodology

3 Executive Summary

4 Presentation
4.1 Overview
4.2 Key Industry Trends

5 Global Airport Retail Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakdown by Product
6.1 Alcohol and tobacco
6.1.1 Market trends
6.1.2 Market Forecast
6.2 Perfumes and Cosmetics
6.2.1 Market trends
6.2.2 Market Forecast
6.3 Fashion and accessories
6.3.1 Market trends
6.3.2 Market Forecast
6.4 Food and drink
6.4.1 Market trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market trends
6.5.2 Market Forecast

7 Market Breakdown by Airport Size
7.1 Large airport
7.1.1 Market trends
7.1.2 Market Forecast
7.2 Average airport
7.2.1 Market trends
7.2.2 Market Forecast
7.3 Small airport
7.3.1 Market trends
7.3.2 Market Forecast

8 Market Breakdown by Distribution Channel
8.1 Direct Retailers
8.1.1 Market trends
8.1.2 Market Forecast
8.2 Troubleshooters
8.2.1 Market trends
8.2.2 Market Forecast
8.3 Specialist retailers
8.3.1 Market trends
8.3.2 Market Forecast
8.4 Departmental stores
8.4.1 Market trends
8.4.2 Market Forecast

9 Market Breakdown by Region

10 SWOT Analysis

11 Value chain analysis

12 Analysis of the five forces of carriers

13 Price Analysis

14 Competitive landscape
14.1 Market structure
14.2 Major Players
14.3 Profiles of Key Players
14.3.1 Airport Retail Group LLC
14.3.1.1 Company overview
14.3.1.2 Product portfolio
14.3.2 Autogrill SpA
14.3.2.1 Presentation of the company
14.3.2.2 Product portfolio
14.3.2.3 Finance
14.3.2.4 SWOT Analysis
14.3.3 China Duty Free Group Co. Ltd. (China International Travel Service Co. Ltd.)
14.3.3.1 Company overview
14.3.3.2 Product portfolio
14.3.4 DFS Group Ltd. (LVMH Moet Hennessy Louis Vuitton)
14.3.4.1 Company Overview
14.3.4.2 Product portfolio
14.3.5 Dubai Duty Free
14.3.5.1 Company Overview
14.3.5.2 Product portfolio
14.3.6 Dufry SA
14.3.6.1 Company Overview
14.3.6.2 Product portfolio
14.3.6.3 Finance
14.3.6.4 SWOT Analysis
14.3.7 Duty Free Americas Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Flemingo International Ltd.
14.3.8.1 Company Overview
14.3.8.2 Product portfolio
14.3.9 Gebr. Heinemann SE & Co. KG
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Japan Airport Terminal Co.Ltd.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Finance
14.3.11 KINGPOWER International
14.3.11.1 Company Overview
14.3.11.2 Product portfolio
14.3.12 Lagardère Travel Retail (Lagardère Group)
14.3.12.1 Company Overview
14.3.12.2 Product portfolio

For more information on this report, visit https://www.researchandmarkets.com/r/svs1si

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