According to the latest report by IMARC Group, titled “Airport Retailing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027. The global airport retailing market reached a value of US$ 21.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 74.7 Billion by 2027, exhibiting at a CAGR of 4.97% during 2022-2027.Airport retailing refers to the sale and purchase of products inside the airport complex to provide enhanced convenience to the travelers. The retail hubs at airports offer a variety of products, including perfumes, cosmetics, tobacco goods, alcohols, electronics, apparel, accessories and food and beverages. They also provide the services of multi-bank automated teller machines (ATM), car rentals, hotels, exchange offices and nursing homes. The retailed products are exempted from payment of national taxes, duties and local taxes. Airport retailing aids in attracting customers and creating enhanced brand awareness.
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Airport Retailing Market Trends:
The global airport retailing market is primarily being driven by significant growth in the aviation and tourism industries. The rising inclination of consumers toward unique and exotic holiday experiences and the early check-in times set by airlines due to security and operational concerns is favoring the market growth. Moreover, various technological advancements, such as the integration of augmented reality (AR) and virtual reality (VR) solutions in the retail stores at the airports, are providing a thrust to the market growth. AR and VR enables the travelers to locate products in the stores and make convenient transactions. Other factors, including the rising expenditure capacities of the consumers, along with the easy access to products of multiple luxury brands at one place, are creating a positive outlook for the market.
Competitive Landscape:
- Airport Retail Group LLC
- Autogrill S.p.A
- China Duty Free Group Co. Ltd
- China International Travel Service Co. Ltd.
- DFS Group Ltd.
- LVMH Moët Hennessy Louis Vuitton)
- Dubai Duty Free, Dufry AG
- Duty Free Americas Inc.
- Flemingo International Ltd.
- Heinemann SE & Co. KG
- Japan Airport Terminal Co. Ltd.
- KING POWER International
- Lagardère Travel Retail
Key Market Segmentation:
Breakup by Product:
- Liquor and Tobacco
- Perfumes and Cosmetics
- Fashion and Accessories
- Food and Beverages
- Others
Breakup by Airport Size:
- Large Airport
- Medium Airport
- Small Airport
Breakup by Distribution Channel:
- Direct Retailers
- Convenience Stores
- Specialty Retailers
- Departmental Stores
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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