Duty-free Retailing Market, Size, Share, Opportunities and Forecast, 2020-2027

SKU: DOT57 | Last Updated On: Sep 09 2020 | No. of Pages: 209 | Available Formats

> Global Duty-free Retailing Market Expected to reach a high CAGR of 6% By 2027: DataM Intelligence

Global Duty-free Retailing Market is segmented By Type (Fashion apparel and accessories, hard luxury goods, and electronics, Cosmetics and perfumes, Wines and spirits, Tobacco, Confectionary and fine foods), By Sales Channel (Airports, Onboard Aircraft, Seaports, Train Stations, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2020-2027

 

Market Overview

The Global Duty-free Retailing Market expected to grow at a CAGR of over 6% during the forecast period. The rising popularity of the travel and tourism industry is one of the primary factors in the global market.

Market Overview

**Source: DataM Intelligence Analysis (2019)

Duty-free shops (or stores) are retail outlets whose goods are exempt from the payment of certain local or national taxes and duties, on the requirement that the goods sold will be sold to travelers who will take them out of the country. The process of calculating the duty or refunding the duty component depends on which products can be sold duty-free vary by jurisdiction, as well as how they can be sold.

The report covers all the major trends and drivers playing a vital role in the growth of the Global Duty-free Retailing Market. The Global Duty-free Retailing Market has been segmented based on region, type, and sales channel.

Global Duty-free Retailing Market Value (USD Mn), 2018-2026

Market Dynamics

The Global Duty-free Retailing Market growth is primarily driven by rising Increasing number of low-cost airlines is leading to an increase in the number of tourists which is further driving the sales of several goods at duty free retail stores at diverse areas including airports, seaports and downtown stores.

The continued rise in the number of middle-class households and the solid growth in global consumer spending once again enabled the Travel & Tourism sector’s growth to reach 3.9%, outpacing the global economy for the eighth consecutive year. The USA, China, Japan, Germany and the UK were the top five markets in 2018, collectively representing 47% of the global Travel & Tourism GDP.

The International Air Transport Association (IATA) revealed that present trends in air transport suggest passenger numbers could double to 8.2 billion in 2037. Therefore, significant increase in number of air passengers is expected to drive the global duty-free retailing market over the forecast period.

Market Segmentation

By type, the Global Duty-free Retailing Market has been segmented into Fashion apparel and accessories, hard luxury goods, and electronics; Cosmetics and perfumes; Wines and spirits; Tobacco; and Confectionary and fine foods. The Fashion apparel and accessories, hard luxury goods, and electronics segment accounted for the major shares of the Duty-free Retailing market owing to high value and demand for premium fashion apparel, and luxury goods. Moreover, Convenience provided by self-service solutions and online shopping services is resulting in more satisfied customers, thus impacting their loyalty toward airline services that allows them to purchase items via self-service stations. For instance, Reserve & Collect scheme by Dufry has been launched at Malta International Airport, allowing prospective travelers to browse through an online catalogue listing hundreds of items ahead of their travels through Malta International Airport.

Global Duty-free Retailing Market , By Type, 2018 (% Share)

By sales channel, the Global Duty-free Retailing Market is segmented into Airports, Onboard Aircraft, Seaports, Train Stations, and Others. In 2018, Airports segment accounted for the majority share in the global market. This is mainly due to huge footfall of travelers at airports. Moreover, travelers prefer shopping from duty free retail stores at airports owing to presence of a wide variety of products and being cheaper than traditional brand stores.

Regional Analysis

By geography, the Global Duty-free Retailing Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).

In 2018, APAC dominated the Global Duty-free Retailing Market. In addition, China is the leading country in the region as well as globally. Most of the product demand in the Asia Pacific is fulfilled by China, India, South Korea, and Japan. This is mainly because of the increasing disposable incomes of people coupled with rising international tourism. Also, increased number of international students especially in China and India is another key factor driving the growth of this region. It is expected that China will displace the United States as the world’s largest aviation market (defined as traffic to, from and within the country) in the mid-2020s. Similarly, India will take 3rd place after the US, surpassing the UK around 2024 as the largest passenger markets.

Global  Duty-free Retailing Market, by Region, 2018, (% share)

North America held the second-largest market share in Global Duty-free Retailing Market. Several companies are partnering with duty tree stores to launch their limited or exclusive products, which is driving market growth. For instance, in February 2018, Lindt launched three new limited-edition chocolates exclusively for Dufry.

Competitive Analysis

Global Duty-free Retailing Market is fragmented with the presence of global and regional players in the market. Intense rivalry among top players in the market has started fierce competition at various levels for setting a low price, driving aggressive marketing strategies, and new and innovative product launches as per consumers’ preference.

Some major players in the market are 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, and among others.

 In July 2019, Dufry signs 7-year contract to operate specialty stores at Helsinki Airport.

In October 2019, South Korea's Lotte Duty Free announced that it will take over DFS Group's liquor and tobacco stores at Changi Airport (Singapore), making it the first time a new operator will helm this key concession.

Comaptative Lansd scape

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**The Global Duty-free Retailing Market report would provide access to an approx., 112 market data table, 96 figures, and 248 pages.

 

Table of Contents

  1. Duty-free Retailing Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report

  2. Duty-free Retailing Market – Market Definition and Overview

  3. Duty-free Retailing Market – Executive Summary

    1. Market Snippet by Type
    2. Market Snippet by Sales Channel
    3. Market Snippet by Region
  4. Duty-free Retailing Market Dynamics

    1. Market Impacting Factors
      1. Drivers
        1. High penetration of brands
      2. Restraints
        1. Low customer interest in shopping at airports
      3. Opportunity Analysis
      4. Impact Analysis
  5. Duty-free Retailing Market – Industry Analysis

    1. Porter's Five Forces Analysis
    2. Supply Chain/Value Chain Analysis
  6. Duty-free Retailing Market – By Type

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      2. Market Attractiveness Index, By Type
    2. Fashion apparel and accessories, hard luxury goods, and electronics (FHE)*
      1.  Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    3. Cosmetics and perfumes
    4. Wines and spirits
    5. Tobacco
    6. Confectionary and fine foods
  7. Duty-free Retailing Market – By Sales Channel

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Sales Channel
      2. Market Attractiveness Index, By Sales Channel
    2. Airports*
      1. Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    3. Onboard Aircraft
    4. Seaports
    5. Train Stations
    6. Others
  8. Duty-free Retailing Market – By Region

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Sales Channel
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. The U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Sales Channel
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. The U.K.
        3. France
        4. Italy
        5. Spain
        6. Russia
        7. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Sales Channel
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Chile
        4. Colombia
        5. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Sales Channel
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. Japan
        3. South Korea
        4. India
        5. Indonesia
        6. Australia
        7. Rest of Asia Pacific
    6. The Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Sales Channel
  9. Duty-free Retailing Market – Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  10. Company Profiles

    1. LVMH*
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Dufry
    3. Lagardère Travel Retail
    4. Lotte Duty Free
    5. Aer Rianta International (ARI)
    6. China Duty Free Group
    7. Dubai Duty Free
    8. Duty Free Americas
    9. Gebr. Heinemann
    10. JR/Group (James Richardson)
    11. King Power International Group (Thailand)
    12. The Shilla Duty Free  (**List not exhaustive)
  11. Duty-free Retailing Market – Premium Insights

  12. Duty-free Retailing Market – DataM

    1. Appendix
    2. About Us and Services
    3. Contact Us

List of Tables and Figures

List of Tables

Table 01 Global Duty-free Retailing Market Value, By Type, 2018,2022 & 2027 ($ Million)

Table 02 Global Duty-free Retailing Market Value, By Sales Channel, 2018,2022 & 2027 ($ Million)

Table 03 Global Duty-free Retailing Market Value, By Region, 2018,2022 & 2027 ($ Million)

Table 04 Global Duty-free Retailing Market Value, By Type, 2018,2022 & 2027 ($ Million)

Table 05 Global Duty-free Retailing Market Value, By Type, 2017-2027 ($ Million)

Table 06 Global Duty-free Retailing Market Value, By Sales Channel, 2018,2022 & 2027 ($ Million)

Table 07 Global Duty-free Retailing Market Value, By Sales Channel, 2017-2027 ($ Million)

Table 08 Global Duty-free Retailing Market Value, By Region, 2018,2022 & 2027 ($ Million)

Table 09 Global Duty-free Retailing Market Value, By Region, 2017-2027 ($ Million)

Table 10 North America Duty-free Retailing Market Value, By Type, 2017-2027 ($ Million)

Table 11 North America Duty-free Retailing Market Value, By Sales Channel, 2017-2027 ($ Million)

Table 12 North America Duty-free Retailing Market Value, By Country, 2017-2027 ($ Million)

Table 13 South America Duty-free Retailing Market Value, By Type, 2017-2027 ($ Million)

Table 14 South America Duty-free Retailing Market Value, By Sales Channel, 2017-2027 ($ Million)

Table 15 South America Duty-free Retailing Market Value, By Country, 2017-2027 ($ Million)

Table 16 Europe Duty-free Retailing Market Value, By Type, 2017-2027 ($ Million)

Table 17 Europe Duty-free Retailing Market Value, By Sales Channel, 2017-2027 ($ Million)

Table 18 Europe Duty-free Retailing Market Value, By Country, 2017-2027 ($ Million)

Table 19 Asia-Pacific Duty-free Retailing Market Value, By Type, 2017-2027 ($ Million)

Table 20 Asia-Pacific Duty-free Retailing Market Value, By Sales Channel, 2017-2027 ($ Million)

Table 21 Asia-Pacific Duty-free Retailing Market Value, By Country, 2017-2027 ($ Million)

Table 22 Middle East & Africa Duty-free Retailing Market Value, By Type, 2017-2027 ($ Million)

Table 23 Middle East & Africa Duty-free Retailing Market Value, By Sales Channel, 2017-2027 ($ Million)

Table 24 LVMH: Overview

Table 25 LVMH: Product Portfolio

Table 26 LVMH: Key Developments

Table 27 Dufry: Overview

Table 28 Dufry: Product Portfolio

Table 29 Dufry: Key Developments

Table 30 Lagardère Travel Retail: Overview

Table 31 Lagardère Travel Retail: Product Portfolio

Table 32 Lagardère Travel Retail: Key Developments

Table 33 Lotte Duty Free: Overview

Table 34 Lotte Duty Free: Product Portfolio

Table 35 Lotte Duty Free: Key Developments

Table 36 Aer Rianta International (ARI): Overview

Table 37 Aer Rianta International (ARI): Product Portfolio

Table 38 Aer Rianta International (ARI): Key Developments

Table 39 China Duty Free Group: Overview

Table 40 China Duty Free Group: Product Portfolio

Table 41 China Duty Free Group: Key Developments

Table 42 Dubai Duty Free: Overview

Table 43 Dubai Duty Free: Product Portfolio

Table 44 Dubai Duty Free: Key Developments

Table 45 Duty Free Americas: Overview

Table 46 Duty Free Americas: Product Portfolio

Table 47 Duty Free Americas: Key Developments

Table 48 Gebr. Heinemann: Overview

Table 49 Gebr. Heinemann: Product Portfolio

Table 50 Gebr. Heinemann: Key Developments

Table 51 JR/Group: Overview

Table 52 JR/Group: Product Portfolio

Table 53 JR/Group: Key Developments

 

List of Figures

Figure 01 Global Duty-free Retailing Market Share, By Type, 2018 & 2027 (%)

Figure 02 Global Duty-free Retailing Market Share, By Sales Channel, 2018 & 2027 (%)

Figure 03 Global Duty-free Retailing Market Share, By Region, 2018 & 2027 (%)

Figure 04 Global Duty-free Retailing Market Value, 2017-2027 ($ Million)

Figure 05 Global Duty-free Retailing Market Y-o-Y Growth, By Type, 2018-2027 (%)

Figure 06 Fashion apparel and accessories, hard luxury goods, and electronics (FHE): Global Duty-free Retailing Market Value, 2017-2027 ($ Million)

Figure 07 Cosmetics and perfumes: Global Duty-free Retailing Market Value, 2017-2027 ($ Million)

Figure 08 Wines and spirits: Global Duty-free Retailing Market Value, 2017-2027 ($ Million)

Figure 09 Tobacco: Global Duty-free Retailing Market Value, 2017-2027 ($ Million)

Figure 10 Confectionary and fine foods: Global Duty-free Retailing Market Value, 2017-2027 ($ Million)

Figure 11 Global Duty-free Retailing Market Y-o-Y Growth, By Sales Channel, 2018-2027 (%)

Figure 12 Airports: Global Duty-free Retailing Market Value, 2017-2027 ($ Million)

Figure 13 Onboard Aircraft: Global Duty-free Retailing Market Value, 2017-2027 ($ Million)

Figure 14 Seaports: Global Duty-free Retailing Market Value, 2017-2027 ($ Million)

Figure 15 Train Stations: Global Duty-free Retailing Market Value, 2017-2027 ($ Million)

Figure 16 Others: Global Duty-free Retailing Market Value, 2017-2027 ($ Million)

Figure 17 Global Duty-free Retailing Market Y-o-Y Growth, By Region, 2018-2027 (%)

Figure 18 North America Duty-free Retailing Market Value, 2017-2027 ($ Million)

Figure 19 North America Duty-free Retailing Market Share, By Type, 2018 & 2027 (%)

Figure 20 North America Duty-free Retailing Market Share, By Sales Channel, 2018 & 2027 (%)

Figure 21 North America Duty-free Retailing Market Share, By Country, 2018 & 2027 (%)

Figure 22 South America Duty-free Retailing Market Value, 2017-2027 ($ Million)

Figure 23 South America Duty-free Retailing Market Share, By Type, 2018 & 2027 (%)

Figure 24 South America Duty-free Retailing Market Share, By Sales Channel, 2018 & 2027 (%)

Figure 25 South America Duty-free Retailing Market Share, By Country, 2018 & 2027 (%)

Figure 26 Europe Duty-free Retailing Market Value, 2017-2027 ($ Million)

Figure 27 Europe Duty-free Retailing Market Share, By Type, 2018 & 2027 (%)

Figure 28 Europe Duty-free Retailing Market Share, By Sales Channel, 2018 & 2027 (%)

Figure 29 Europe Duty-free Retailing Market Share, By Country, 2018 & 2027 (%)

Figure 30 Asia-Pacific Duty-free Retailing Market Value, 2017-2027 ($ Million)

Figure 31 Asia-Pacific Duty-free Retailing Market Share, By Type, 2018 & 2027 (%)

Figure 32 Asia-Pacific Duty-free Retailing Market Share, By Sales Channel, 2018 & 2027 (%)

Figure 33 Asia-Pacific Duty-free Retailing Market Share, By Country, 2018 & 2027 (%)

Figure 34 Middle East & Africa Duty-free Retailing Market Value, 2017-2027 ($ Million)

Figure 35 Middle East & Africa Duty-free Retailing Market Share, By Type, 2018 & 2027 (%)

Figure 36 Middle East & Africa Duty-free Retailing Market Share, By Sales Channel, 2018 & 2027 (%)

Figure 37 LVMH: Financials

Figure 38 Dufry: Financials

Figure 39 Lagardère Travel Retail: Financials

Figure 40 Lotte Duty Free: Financials

Figure 41 Aer Rianta International (ARI): Financials

Figure 42 China Duty Free Group: Financials

Figure 43 Dubai Duty Free: Financials

Figure 44 Duty Free Americas: Financials

Figure 45 Gebr. Heinemann: Financials

Figure 46 JR/Group: Financials

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