Airport Retailing Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2022 - 2032

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Airport Retailing Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2022 - 2032

Status : March, 2023 | Technology & Media

Report Digest

Airport Retailing Market: Overview

The airport retailing market is anticipated to reach the valuation of US$ 40,592.9 Mn and grow at a CAGR of 12.6% in the forthcoming years from 2022 to 2032. High consumer demands for different luxurious products and rising air traffic are expected to bolster growth opportunities in the airport retailing market. 

Airport travel retail is comprised of noticeable market share across the travel retail industry. These retail stores are generally found at airside, arrivals, and departures. Further, the market is likely to grow with the expansion of airport infrastructure in the coming years.

Airport Retailing Market: Key Trends

In recent years, people around the world are inclining toward exotic and unique holiday experiences. Furthermore, rising requirements as well as the interest of global consumers to spend increased money on shopping and increasing upper- and middle-class disposable income and related expenditure are also projected to work as revenue generators in the airport retailing market.

Increasing accessibility of the transport facilities, rising tourism promotion, and changes in lifestyle are some pivotal factors that are likely to propel growth impetuses in the market in the near future.

Airport Retailing Market: Competitive Dynamics and Key Developments

The players operating in the airport retailing market are adopting various strategies in order to generate novel growth opportunities in the upcoming years. Some of these strategies include acquisitions & mergers, portfolio expansion, novel product launches, collaborations, agreements, partnerships, and many more.

The key players serving in the airport retailing market include:

  • Airport Retail Group LLC
  • Flemingo International
  • Dubai Duty Free
  • Gebr. Heinemann SE & Co. KG
  • Dufry AG
  • the Shilla Duty Free
  • DFS Group Ltd.
  • King Power International
  • China Duty Free Group Co., Ltd.
  • Japan Airport Terminal Co., Ltd.

Airport Retailing Market: Regional Assessment

The key regions that are analyzed in the research report on the airport retailing market include North America, Europe, Asia-Pacific, and LAMEA based on geographical locations. Of these, Asia Pacific has been predicted to grow at a noticeable speed in the years to come. The growth avenues in the market are attributed to the increasing disposable income of the regional population which further increases their spending capacity. Further, increasing initiatives by government bodies have also been expected to contribute to growth opportunities in the market.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?

Frequently Asked Questions

High consumer demands for the luxurious products along with rising air traffic are likely to drive growth opportunities in the airport retailing market.
North America, Asia Pacific, Europe, and LAMEA
Expansion of airport infrastructure is predicted to drive growth avenues in the market.
The rising tourism promotion and constant changes in lifestyle are estimated to attract trends in the market.
Airport retain stores and tourism industry are impacted severely due to pandemic owing to lockdown restrictions.
Removal of lockdown restrictions and opening of international and national borders by tourism industry are predicted to fuel growth avenues in the market during post-pandemic era.
High cost of investment by individuals is likely to dent growth avenues in the market.