LONDON--(BUSINESS WIRE)--Technavio has been monitoring the duty-free retailing market and it is poised to grow by USD 53.50 billion during 2020-2024, progressing at a CAGR of about 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is moderately fragmented, and the degree of fragmentation will accelerate during the forecast period. DFS Group Ltd., Dubai Duty Free, Dufry Ltd., Gebr. Heinemann SE & Co. KG, HOTEL SHILLA Co. Ltd., JR /Group, King Power International Co. Ltd., Lagardère Group, LOTTE SHOPPING Co. Ltd., and LVMH Moët Hennessy - Louis Vuitton SE are some of the major market participants. The high growth rate of duty-free retailing will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
High growth rate of duty-free retailing has been instrumental in driving the growth of the market.
Duty-free Retailing Market 2020-2024: Segmentation
Duty-free Retailing Market is segmented as below:
-
Product
- Fashion Apparel and Accessories
- Cosmetics and Perfumes
- Tobacco and Alcoholic Beverages
- Confectionery and Fine Foods
-
Distribution Channel
- Airports
- Border, Downtown and Hotel Shops
- Others
-
Geography
- APAC
- Europe
- North America
- South America
- MEA
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Duty-free Retailing Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our duty-free retailing market report covers the following areas:
- Duty-free Retailing Market size
- Duty-free Retailing Market trends
- Duty-free Retailing Market industry analysis
This study identifies the exemption of excise duty on premium products as one of the prime reasons driving the duty-free retailing market growth during the next few years.
Duty-free Retailing Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the duty-free retailing market, including some of the vendors such as DFS Group Ltd., Dubai Duty Free, Dufry Ltd., Gebr. Heinemann SE & Co. KG, HOTEL SHILLA Co. Ltd., JR /Group, King Power International Co. Ltd., Lagardère Group, LOTTE SHOPPING Co. Ltd., and LVMH Moët Hennessy - Louis Vuitton SE. Backed with competitive intelligence and benchmarking, our research reports on the duty-free retailing market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Duty-free Retailing Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist duty-free retailing market growth during the next five years
- Estimation of the duty-free retailing market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the duty-free retailing market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of duty-free retailing market vendors
Table Of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product placement
- Fashion apparel and accessories - Market size and forecast 2019-2024
- Cosmetics and perfumes - Market size and forecast 2019-2024
- Tobacco and alcoholic beverages - Market size and forecast 2019-2024
- Confectionery and fine foods - Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by Distribution channel
- Market segments
- Comparison by Distribution channel
- Airports - Market size and forecast 2019-2024
- Border, Downtown and Hotel Shops - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Distribution channel
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
- Competitive scenario
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- DFS Group Ltd.
- Dubai Duty Free
- Dufry Ltd.
- Gebr. Heinemann SE & Co. KG
- HOTEL SHILLA Co. Ltd.
- JR /Group
- King Power International Co. Ltd.
- Lagardère Group
- LOTTE SHOPPING Co. Ltd.
- LVMH Moët Hennessy - Louis Vuitton SE
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
