Luxury Goods Drive Growth in Travel Retail Market Demand Across Major Airports
The Travel Retail Market 2024 research report gives emerging industry data, global segments and regional outlook. This report covers up all details such as size, share, value, growth, restraints, and opportunities for the year 2024 to 2032. The report generated using various analysis tools like porter’s five forces model, market attractiveness and value chain. The report gives comprehensive review of the global market helping to club revenue generation and profitable business to transform client’s success.
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the travel retail market include Aer Rianta International (ARI), China Duty Free Group (CDFG), DFS Group, Dufry, Gebr. Heinemann, King Power International Group, Lotte Duty Free, Ls Travel Retail, The Naunace Group and The Shilla Duty Free. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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Market Dynamics
The growing travel and tourism industry coupled with the increasing demand for electronics, luxury goods, and food products in the duty-free environment is driving the market growth. The growing number of international travelers owing to growing disposable income and rapid urbanization in emerging economies is further fuelling market growth. On the other hand, stringent government regulations in airport retailing may hamper market growth. Whereas, affordable travel choices and the rising millennial population is expected to offer an opportunity during the forecast period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of travel retail.
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Market Segmentation
The broad travel retail market has been sub-grouped into product type and channel. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product
- Perfume and Cosmetics
- Wines and Spirits
- Fashion and Accessories
- Tobacco Products
- Electronics and Gifts
- Food and Confectionery
- Others
By Distribution Channel
- Airport and Airlines
- Train Stations
- Ferries
- Others
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for travel retail in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
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