Travel Retail Market Projected to Register 9.6% CAGR to 2023 | DFS Group, Dufry, LS Travel Retail, Lotte Duty Free, King Power International Group, The Shilla Duty Free, Gebr. Heinemann, China Duty Free Group (CDFG)

Travel Retail Market by Product (Perfumes & Cosmetics, Wine & Spirits, Tobacco, Electronics, Luxury Goods, Food & Confectionery, and Catering & Others) and Channel (Airports; Cruise Liners; Railway Stations; and Border, Downtown, & Hotel Shops)-Global Opportunity Analysis and Industry Forecast, 2017-2023

The global travel retail market is expected to reach $153.7 billion by 2025, registering a CAGR of 9.6% during the forecast period. Rise in disposable income has elevated the consumers' lifestyle and shifted their preference towards apparels, luxury goods, premium fragrances, cosmetics, and other products. Moreover, the development in emerging nations such as Asia-Pacific and LAMEA is projected to supplement the global travel retail market growth. However, unorganized local market and stringent government regulations in airport retailing hamper the global travel retail market growth.

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Companies Profiled in this report includes: DFS Group, Dufry, LS Travel Retail, Lotte Duty Free, King Power International Group, The Shilla Duty Free, Gebr. Heinemann, China Duty Free Group (CDFG), Aer Rianta International (ARI), The Naunace Group

The global travel retail market is segmented on the basis of product, channel, and geography. The product segment includes perfumes & cosmetics, wine & spirits, tobacco, electronics, luxury goods, food & confectionery, and catering & others. In 2016, beauty products, namely, perfumes & cosmetics accounted for the maximum revenue with more than 30% market share. Based on channel, the global travel retail market is classified into airports; cruise liners; railway stations; and border, downtown, & hotel shops. Regionally, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

On the basis of product type, the luxury goods segment is anticipated to register the highest growth rate during the forecast period in the travel retail market. The purchase of these goods is extremely dependent on the economic stability of any region, as the goods are majorly procured by the upper economic classes. Regionally, Asia-Pacific is expected to dominate the global market during the analysis period, due to the presence of large number of retail companies in China, India, Thailand, and others. In addition, the market in Asia-Pacific is expected to grow at the fastest rate due to increase in number of high net worth individuals and a growing tourism industry.

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KEY BENEFITS FOR STAKEHOLDERS

This report provides an in-depth analysis of the global travel retail market to identify the potential investment pockets.

It outlines the current trends and future scenarios to determine the travel retail market potential and gain stronger market foothold.

Key drivers, restraints, and opportunities and their detailed impact analysis are elucidated.

Quantitative analysis of the travel retail industry from 2016 to 2023 is highlighted to recognize the financial competency of the market.

Porter's Five Forces model illustrates the threat of new entrants, threat of substitutes, and strength of the buyers & suppliers.

Table of Content:

CHAPTER 1 INTRODUCTION

CHAPTER 2 EXECUTIVE SUMMARY

CHAPTER 3 MARKET OVERVIEW

CHAPTER 4 TRAVEL RETAIL MARKET, BY PRODUCT

CHAPTER 5 TRAVEL RETAIL MARKET, BY CHANNEL

CHAPTER 6 TRAVEL RETAIL MARKET, BY GEOGRAPHY

CHAPTER 7 COMPANY PROFILES

7.1. DFS GROUP

7.2. DUFRY

7.3. LS TRAVEL RETAIL

7.4. LOTTE DUTY FREE

7.5. KING POWER INTERNATIONAL GROUP

7.5.6. Key strategic moves & developments, 2014-2016

7.6. THE SHILLA DUTY FREE

7.7. GEBR. HEINEMANN

7.8. CHINA DUTY FREE GROUP (CDFG)

7.9. AER RIANTA INTERNATIONAL (ARI)

7.10. THE NAUNACE GROUP

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Posted by on Wednesday September 18 2019, 1:32 AM EST. All trademarks acknowledged. Filed under Business Services, Consumer & Retail, Featured Press Release, Retail, Travel & Leisure. Comments and Trackbacks closed. Follow responses: RSS 2.0

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