DUBLIN--(BUSINESS WIRE)--The "Airport Retailing Market - Market Size & Forecasting (2017-2028)" report has been added to ResearchAndMarkets.com's offering.
The global airport retailing market size is estimated to be USD 38,770.9 billion in 2020 and is projected to register a CAGR of 7.0% to reach USD 66,755.8 billion by 2028. But due to the covid-19 impact, the market size estimation has fallen down to USD 22,524.6 billion in 2020 and is projected to register a CAGR of 5.6% to hit 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.
- Lagardere Group
- Le Bridge Duty Free
- Bahrain Duty Free Shop Complex
- Wh Smith plc
- Hidesign Accessories Ltd.
- Pavers England Limited
- William Penn Pvt. Ltd.
- Lacoste S.A.
The growth of the market is driven by an increase in global passenger traffic, particularly in Asia-Pacific countries. The region will continue to make major contributions to passenger transport, driven by the expansion of low-cost airlines, visas on arrivals, increased buying power, and favorable exchange rates. Furthermore, growth in the tourism sector, increasing investment in the expansion and renovation of airports, and increased spending on international holidays are the key factors that are contributing to the growth of the airport retailing market.
In addition, the growth of international retailers and an increase in the number of terminals are other factors that are expected to boost global airport retail demand. Retail demand in airports is driven by an increase in the number of passengers, especially in developing countries where traffic levels are high. The retail market for airports has also received a major boost from the travellers' appetite for on-the-go shopping and the growing potential of retailers to sell products.
In developing economies, high disposable incomes have given major brands the opportunity to set up their stores in airport premises. In the timeframe between clearing security-immigration desks and boarding a plane, people get the maximum time for shopping. To maximize this timeline, airports are trying to reduce waiting times for check-in, security, and immigration queues. Viable rates and the presence of major brands at discounted prices are the key factors that allow travellers to make retail shopping at airports. All these factors are anticipated to boost the growth of the global airport retailing market.
This research report categorizes the market for airport retailing based on various segments and region and forecasts revenue growth and analysis of trends in each of the submarkets. The report analyses the key growth drivers, opportunities and challenges which influence the airport retailing market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger and acquisition have been included in order to draw the competitive landscape in the airport retailing market. The report strategically identifies and profiles the key market players and analyses their core competencies in each segment such as category, application deployment model, airport size, and vertical of the airport retailing market.
Key Questions Answered:
- How the Airport Retailing market is evolving?
- What is driving and restraining factors for global Airport Retailing market?
- How will each Airport Retailing submarket segment grow over the forecast period and how much sales will these submarkets account for in 2028?
- How will market shares of each Airport Retailing submarket develop from 2020-2028?
- Which Airport Retailing submarket will be the main driver of the overall market from 2020-2028?
- How will political and regulatory factors influence regional Airport Retailing markets and submarkets?
- Will leading national Airport Retailing broadly follow macroeconomic dynamics, or will individual country sectors outperform the rest of the economy?
- How will market shares of the national markets change by 2028 and which nation will lead the market in 2028?
- Who are the leading players and what are their prospects over the forecast period?
- How will the sector evolve as alliances form during the period between 2017 and 2028?
Key Topics Covered:
1 Market Abstract
2 Market Introduction
3 Research Practice
4 Key Related Data
4.1 Competitive Positioning
4.2 Major Investments in the Last Five Years by Global Players
4.3 Key Industry Trends in Major Countries
4.4 Technological Advancement
4.5 Guidelines/ Regulations
4.6 Covid- 19 Impact on Airport Retailing Market
5 Impact Factor Analysis
5.1 Market Dynamics
5.1.1 Drivers
5.1.1.1 Increasing Tourism
5.1.1.2 Increasing Retail Promotion at Airports
5.1.2 Restraints
5.1.2.1 Stringent Government Rules & Regulations
5.1.3 Opportunities
5.1.3.1 Increasing 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 Retailing Market, by Category
8 Airport Retailing Market, by Type
9 Airport Retailing Market, by Airport Size
10 Airport Retailing Market, Regional Analysis
11 Company Profile
12 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/q1m59r
