-- Duty Free Retailing Market 2019
Industry Overview
In simple terms, the selling of products to international travelers without levying local and national taxes and duties is called duty free retailing. In normal retail stores, the cost price of the product along with the government levied taxes will be charged to the customer when he/she buys a good. International tourists can save money when they choose such duty free shops instead of regular stores for their shopping expedition. The products that can be sold duty-free depend on region to region.
Market by Top Duty Free Retailing Companies, this report covers
Dufry
Lagardère Travel Retail
Lotte Duty Free
LVMH
Aer Rianta International (ARI)
China Duty Free Group
Dubai Duty Free
Duty Free Americas
Gebr. Heinemann
JR/Group (James Richardson)
King Power International Group (Thailand)
The Shilla Duty Free
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The main reason the global duty free retailing market is growing is due to the increase in tourism. Cheaper flight costs have made more people take trips across the world. People are traveling to other countries for leisure and for work and are tempted to buy gourmet food, alcohol, and other products from these duty free shops. The presence of lots of such shops in airport terminals increases sales. The availability of disposable income is also another reason the market is doing so well.
This report is an analysis of the overall and detailed market structure of the global duty free retailing market. This study analyzes the market from different angles, based on global, regional and end industrial factors that positively and negatively affect the market’s growth. The different product types and the key players are also identified. All data are explained in easy charts and tables. The unique advantage the report offers is the inclusion of vital insider information about the market’s positioning.
Market Segmentation
The four very common types of products that are in demand in these duty free retailing stores are perfumes, alcohol, cigarettes, and cosmetics. The individual market growth rate of each of these categories of products is analyzed in this report. The product that will create the most demand is identified and mentioned. Based on applications, the sales of such duty free products in airports, on board aircrafts, in seaports, and in train stations are discussed in the report. This report also identifies the key players who hold a lion’s share of the market and their growth plans and expansion strategies.
Regional Analysis
In terms of global market size, the Asia Pacific countries will grab most of the market share. In 2016, this region held 26.1% of the market shares. North America came closely second in the race and occupied 22.4% of the market’s shares. The Middle East and Africa together had 16.2% of the shares. In the coming years, Asia Pacific is projected to maintain its top position and North America will also play an important role that cannot be ignored. Any changes in the duty free retailing market in the United States will affect the positioning of this industry globally.
Industry News
In October 2019, the Bombay High Court made a ruling that no products sold in the duty free shops of the Mumbai Airport will have GST levied on them. This ruling came as a breather to the shop owners who had duty free stores inside the airport.
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Table of Contents –Analysis of Key Points
1 Duty Free Retailing Market Overview
2 Manufacturers Profiles
3 Global Duty Free Retailing Market Competition, by Players
4 Global Duty Free Retailing Market Size by Regions
5 North America Duty Free Retailing Revenue by Countries
6 Europe Duty Free Retailing Revenue by Countries
7 Asia-Pacific Duty Free Retailing Revenue by Countries
8 South America Duty Free Retailing Revenue by Countries
9 Middle East and Africa Revenue Duty Free Retailing by Countries
10 Global Duty Free Retailing Market Segment by Type
11 Global Duty Free Retailing Market Segment by Application
12 Global Duty Free Retailing Market Size Forecast (2019-2024)
13 Research Findings and Conclusion
14 Appendix
List of Tables and Figures
Continue…..
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