Duty-free Retailing Market Analysis Highlights the Impact of COVID-19 (2020-2024) | High Growth Rate of Duty-free Retailing to Boost Market Growth | Technavio

Technavio has announced its latest market research report titled Global Duty-free Retailing Market 2020-2024 (Graphic: Business Wire)

LONDON--()--Technavio has been monitoring the duty-free retailing market and it is poised to grow by USD 53.50 bn 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, the latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

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. 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.

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The high growth rate of duty-free retailing has been instrumental in driving the growth of the market.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

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
    • Hotel Shops
    • Others (including Cruise Liners, Ferries, Seaports, Rail Stations, All Others)
  • Geography
    • APAC
    • Europe
    • North America
    • South America
    • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40625

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. The 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.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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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
  • 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

Volume Driver – Demand led growth

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
  • JR /Group
  • King Power International Co. Ltd.
  • Lagardère Group
  • LVMH Moët Hennessy - Louis Vuitton SE


  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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.


Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Global Duty-free Retailing Market will grow by USD 53.50 bn during 2020-2024


Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/