The Worldwide Duty-Free Retailing Industry is Expected to Reach $127 Billion by 2027 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Duty-Free Retailing Market Intelligence Report - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The Global Duty-Free Retailing Market is projected to reach USD 127.83 billion by 2027 from USD 87.37 billion in 2021, at a CAGR 6.54% during the forecast period.

Market Statistics:

The report provides market sizing and forecast across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF. It helps organization leaders make better decisions when currency exchange data is readily available.

In this report, the years 2019 and 2020 are considered as historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered as the forecast period.

• The Americas Duty-Free Retailing Market size was estimated at USD 20,678.55 million in 2021, is expected to reach USD 22,259.79 million in 2022, and is projected to grow at a CAGR of 7.37% to reach USD 31,685.53 million by 2027.
• The Asia-Pacific Duty-Free Retailing Market size was estimated at USD 36,073.03 million in 2021, is expected to reach USD 38,149.38 million in 2022, and is projected to grow at a CAGR of 6.75% to reach USD 53,405.35 million by 2027.
• The Europe, Middle East & Africa Duty-Free Retailing Market size was estimated at USD 30,620.24 million in 2021, is expected to reach USD 31,438.70 million in 2022, and is projected to grow at a CAGR of 5.71% to reach USD 42,745.81 million by 2027.

Market Segmentation & Coverage:

The report on duty-free retailing identifies key attributes about the customer to define the potential market and identify different needs across the industry. Understanding the potential customer group's economies and geographies can help gain business acumen for better strategic decision-making.

This market coverage across different industry verticals reveals the hidden truth about the players' strategies in different verticals and helps the organization decide target audience. This report gives you the composite view of sub-markets coupled with comprehensive industry coverage and provides you with the right way of accounting factors such as norms & regulations, culture, to make right coverage strategy for your market plan.

This research report categorizes the duty-free retailing to forecast the revenues and analyze the trends in each of the following sub-markets:

Product:

• Electronics
• Fashion & Accessories
• Food & Confectionery
• Hard Luxury Goods
• Liquor & Tobacco
• Perfumes & Cosmetics

Type:

• Department Store
• Direct Retailer
• Specialty Retailer
• Supermarkets

Location:

• Cross-border Shops
• International Airports
• Passenger Ships
• Sea Ports
• Train Stations

Region:

• Americas
  • Argentina
  • Brazil
  • Canada
  • Mexico
  • United States
    • Alaska
    • California
    • Delaware
    • Florida
    • Illinois
    • Montana
    • New Hampshire
    • New York
    • Ohio
    • Oregon
    • Pennsylvania
    • Texas
• Asia-Pacific
  • Australia
  • China
  • India
  • Indonesia
  • Japan
  • Malaysia
  • Philippines
  • Singapore
  • South Korea
  • Taiwan
  • Thailand
• Europe, Middle East & Africa
  • France
  • Germany
  • Italy
  • Netherlands
  • Qatar
  • Russia
  • Saudi Arabia
  • South Africa
  • Spain
  • United Arab Emirates
  • United Kingdom

Company Usability Profiles:

• AerRianta International Cpt
• ALFA Brands Inc.
• Bahrain Duty Free
• China Duty Free Group Co.,Ltd.
• DFS Group Limited
• Dubai Duty Free
• Dufry AG
• Duty Free Americas, Inc.
• Duty Free Philippines Corporation
• Ever Rich Duty Free
• Flemingo International Ltd
• Gebr. Heinemann SE & Co. KG
• King Power Group
• Lagardere Travel Retail SAS
• Le Bridge Corporation Limited
• Lotte Corporation
• LVMH Moet Hennessy Louis Vuitton S.E.
• Przedsiebiorstwo Handlu Zagranicznego Baltona S.A.
• Qatar Duty Free Company W.L.L.
• Shilla Travel Retail Pte Ltd.
• Sinsegae Duty Free
• WH Smith PLC

For more information about this report visit https://www.researchandmarkets.com/r/w8xjym