DUBLIN, July 4, 2022 /PRNewswire/ — The “Travel Retail Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” report has been added to from ResearchAndMarkets.com offer.
The global travel retail market reached a value of US$52.50 billion in 2021. Looking ahead, the publisher expects the market to reach a value of US$82.57 billion by 2027, posting a CAGR of 7.84% over the period 2021-2027. Keeping in mind the uncertainties of COVID-19, we continuously monitor and assess the direct and indirect influence of the pandemic on different end-use sectors. This information is included in the report as a major market contributor.
Travel retail refers to the sale of goods and services to international travelers during transit. Trade is typically conducted in travel environments, such as airports or seaports, where the buyer must present proof of nationality or travel to access the trading area.
Retail stores accept payment including local and state taxes and excise duties. Travel retail is also available in hotels, border ships, international aircraft, ferries, cruises and other maritime vessels in international waters. Some of the products commonly available in travel retail include beauty and personal care products, fragrances, premium liquors, tobacco, food and beverages, fashion accessories, and electronics.
The significant growth in the travel and tourism industry across the globe is among the key factors creating a positive outlook for the market. Retail and duty-free shops are one of the major sources of non-aeronautical revenue for airports, as consumers increasingly prefer to purchase high-end and luxurious products while traveling. In this light, the rising inclination for premium wines and spirits among international travelers is also giving impetus to the growth of the market.
Furthermore, the advent of travel retail e-commerce solutions is also promoting market growth. Retailers widely offer their products through websites and smartphone apps, allowing consumers to pre-order products and easily pick them up when they arrive.
Moreover, various technological advancements, such as the launch of touch screen and interactive retail kiosks, act as other growth factors. These self-service kiosks can engage with passengers and provide a seamless ordering and payment solution. Other factors including growing consumer spending capabilities along with the implementation of favorable government policies to promote international tourism, especially in developing economies, are expected to drive the market towards growth.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of major players, namely Aer Rianta International, China Duty Free Group Co. Ltd., Dufry AG, Duty Free Americas Inc, Gebr. Heinemann SE & Co. KG, KING POWER International, Lagardère SA, Lotte Hotels & Resorts (Lotte Corporation), LVMH Moet Hennessy Louis Vuitton and The Shilla Duty Free (Hotel Shilla Co. Ltd.).
Answers to key questions in this report:
-
How has the global travel retail market behaved so far and how will it behave in the years to come?
-
What has been the impact of COVID-19 on the global travel retail market?
-
What are the main regional markets?
-
What is the market breakdown by product type?
-
What is the breakdown of the market by sector?
-
What is the market breakdown by distribution channel?
-
What are the different stages of the industry value chain?
-
What are the industry drivers and key challenges?
-
What is the structure of the global travel retail market and who are the main players?
-
How competitive is the industry?
Main topics covered:
1 Preface
2 Scope and methodology
3 Executive Summary
4 Presentation
4.1 Overview
4.2 Key Industry Trends
5 Global travel retail market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakdown by Product Type
6.1 Perfumes and Cosmetics
6.1.1 Market trends
6.1.2 Market Forecast
6.2 Wines and Spirits
6.2.1 Market trends
6.2.2 Market Forecast
6.3 Electronics
6.3.1 Market trends
6.3.2 Market Forecast
6.4 Luxury Goods
6.4.1 Market trends
6.4.2 Market Forecast
6.5 Food, confectionery and catering
6.5.1 Market trends
6.5.2 Market Forecast
6.6 Tobacco
6.6.1 Market trends
6.6.2 Market Forecast
6.7 Others
6.7.1 Market trends
6.7.2 Market Forecast
7 Market Breakdown by Industry
7.1 Excluding taxes
7.1.1 Market trends
7.1.2 Market Forecast
7.2 Fees paid
7.2.1 Market trends
7.2.2 Market Forecast
8 Market Breakdown by Distribution Channel
8.1 Airports
8.1.1 Market trends
8.1.2 Market Forecast
8.2 Cruise liner
8.2.1 Market trends
8.2.2 Market Forecast
8.3 Station
8.3.1 Market trends
8.3.2 Market Forecast
8.4 Border, city center and hotel boutique
8.4.1 Market trends
8.4.2 Market Forecast
9 Market Breakdown by Region
10 SWOT Analysis
11 Value chain analysis
12 Analysis of the five forces of carriers
13 Price Analysis
14 Competitive landscape
14.1 Market structure
14.2 Major Players
14.3 Profiles of Key Players
14.3.1 Air Rianta International
14.3.1.1 Company overview
14.3.1.2 Product Portfolio
14.3.2 China Duty Free Group Co. Ltd.
14.3.2.1 Presentation of the company
14.3.2.2 Product portfolio
14.3.3 Dufry SA
14.3.3.1 Company Overview
14.3.3.2 Product portfolio
14.3.3.3 Finance
14.3.3.4 SWOT Analysis
14.3.4 Duty Free Americas Inc.
14.3.4.1 Company Overview
14.3.4.2 Product portfolio
14.3.5 Gebr. Heinemann SE & Co. KG
14.3.5.1 Company Overview
14.3.5.2 Product portfolio
14.3.6 KING POWER International
14.3.6.1 Company Overview
14.3.6.2 Product portfolio
14.3.7 Lagardère SA
14.3.7.1 Company Overview
14.3.7.2 Product portfolio
14.3.8 Lotte Hotels & Resorts (Lotte Corporation)
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 LVMH Moet Hennessy Louis Vuitton
14.3.9.1 Company Overview
14.3.9.2 Product portfolio
14.3.9.3 Finance
14.3.9.4 SWOT Analysis
14.3.10 The Shilla Duty Free (Hotel Shilla Co. Ltd.)
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
For more information on this report, visit https://www.researchandmarkets.com/r/vfyvid
Media Contact:
Research and Markets
Laura Woodsenior
press@researchandmarkets.com
For EST office hours, call +1-917-300-0470
For USA/CAN call toll free +1-800-526-8630
For GMT office hours call +353-1-416-8900
US Fax: 646-607-1904
Fax (outside the US): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
Show original content:https://www.prnewswire.com/news-releases/global-travel-retail-market-report-2022-to-2027—industry-trends-share-size-growth-opportunity-and-forecasts-301580152. html
SOURCE Research and Markets
