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The Duty-free and Travel Retail Market is segmented by type (beauty and personal care, wines and spirits, tobacco, eatables, fashion accessories and hard luxury, and other types), distribution channel (airports, airlines, ferries, and other distribution channels), and geography (North America, South America, Europe, Asia-Pacific, and Middle East & Africa).
Fastest Growing Market:
Duty-free and travel retail is a retailing channel, offering products to international travelers. It is a significant source of income and has several marketing opportunities. The rising popularity of the travel and tourism industry is one of the primary factors driving the growth of the duty-free and travel retail market. Duty-free and travel retail provides temporary spaces that offer extra time to end users after security check-in and allow them to get entertained and indulgent with the ambiance and experience of shopping for international products.
A complete background analysis of the market, including the analysis of market size and forecast, market shares, industry trends, growth drivers, and vendors. The study also includes insights into market segmentation, by type, distribution channel, and geography. Additionally, the report features qualitative and quantitative assessments, by analyzing the data gathered from industry analysts and market participants across key points in the industry’s value chain.
|Beauty and Personal Care|
|Wines and Spirits|
|Fashion Accessories and Hard Luxury|
|Other Distribution Channels|
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Duty-free and travel retail comprises a category in a growing list of ancillary offerings by airlines. For some low-cost and ultra-low-cost carriers, the growth in the scope and magnitude of ancillary revenues has become key to their operations, allowing them to offer lower ticket prices and stimulate the overall demand for air travel as a result. Furthermore, when compared to airport duty-free and travel retail, the duty-free and travel retail sales generated by airlines are substantially smaller, both in magnitude and relative to the financial performance of the respective recipient.
Europe was the single largest market in airline duty-free and travel retail sales in 2016, with 40% of the market, followed by Asia-Pacific.
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Asia-Pacific occupied more than one-third of the market share in 2017, and it is expected to grow at a significant rate during the forecast period. The increasing number of new air routes and the introduction of LCC carriers are among the main factors promoting the development of the Asia-Pacific duty-free and travel retail market. The rise in the consumption and purchasing power across China and India may have a positive impact on the market in this region.
In the region, the growing preference for differentiated and value-added products is boosting the people’s desire to travel, which in turn, is expected to increase the demand in the duty-free industry. The adoption of new lifestyles and the introduction of cheap destination travel packages by companies, such as MakeMyTrip, Cleartrip, and GoIbibo, may result in the growth of the global duty-free and travel retail market. Furthermore, the rapid penetration of social media and digitalization in the economy is expected to create lucrative opportunities for vendors operating in the Asia-Pacific market during the forecast period.
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The global duty-free and travel retail market is highly fragmented, and the top players dominated the market, with majority share. The boom of the travel and tourism industry is encouraging the consumers to open new outlets and chains in the duty-free and travel retail market. The increasing focus on offering a diverse and wide range of products may enable the vendors to attract a large number of consumers and gain large market shares. The adoption of innovative promotional campaigns and attractive price offerings may help the players sustain the competition in the global duty-free and travel retail market. Additionally, the procurement of super-premium and luxury products may help companies gain a competitive advantage over other vendors in the market, during the forecast period.
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.4 Key Industry Regulations and Policies
4.5 Trends Influencing The Duty Free and Travel Retail Market
4.6 Customer Landscape
4.7 Porter's Five Forces Analysis
4.8 Industry Value Chain Analysis
4.9 Technological Innovations
5. MARKET SEGMENTATION
5.1.1 Beauty and Personal Care
5.1.2 Wines and Spirits
5.1.5 Fashion Accessories and Hard Luxury
5.1.6 Other Types
5.2 Distribution Channel
5.2.4 Other Distribution Channels
5.3.1 North America
184.108.40.206 United States
5.3.2 South America
220.127.116.11 Rest of South America
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
126.96.36.199 Rest of Asia-Pacific
5.3.5 Middle East & Africa
188.8.131.52 United Arab Emirates
184.108.40.206 Saudi Arabia
220.127.116.11 South Africa
18.104.22.168 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.2 Lotte Duty Free
6.1.3 Lagardere Travel Retail
6.1.4 DFS Group
6.1.5 The Shilla Duty Free
6.1.6 Gebr. Heinemann
6.1.7 King Power International Group (Thailand)
6.1.8 China Duty Free Group
6.1.9 Ever Rich Duty Free
6.1.10 Dubai Duty Free
6.1.11 Duty Free Americas
6.1.12 Sinsegae Duty Free
6.1.13 Aer Rianta International
6.1.14 Starboard Cruise Services
6.1.16 James Richardson Group
6.1.17 Flemingo International Ltd*
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability