The Global Travel Retail Market Size is projected to grow $xx.xx billion by 2025, recording a CAGR of x.x% over the forecast period. Growing travel & tourism sector across the globe has driven the demand for apparels, cosmetics, electronic retail, and food items, which contributing the global travel retail market growth. Moreover, increase in disposable income amongst the improvement in economy and middle-income groups are major factors drive the growth of the travel retail market. Similarly, other factors such as innovations in technologies further increase the market growth as it rises convenience of accessing transportation or booking hotels by online portals. This report covers in-depth study of the global travel retail market analysis, industry trends, key segments, major players, drivers, and opportunities.
Geographically, Asia-Pacific is one of the widest travel retail market across the globe, and it is rising rapidly due to improvements in standard of living, increasing disposable income, growing lifestyle, and improvements in tourism industry. Likewise, the Europe is also one of the largest travel retail markets, due to its high quality luxury products. It is expected to have the wildest travel retail market growth through a CAGR of x.x% over the forecasted period. The region holds some of the major attires and cosmetics brands, such as, H&M (Sweden) and LVMH (France), which grasp a substantial share in the perfumes, cosmetics, and apparels sector, thus it is second leading travel retail market share. Rich tourists from the China, Middle East, China, Russia, and U.S. contribute ominously to the European travel retail market share.
The global travel retail market is basically segmented on the basis of channel, product type, and region. Based on product segment, the market divided into wine and spirits, perfumes & cosmetics, tobacco, luxury goods, electronics, catering, food and confectionery, and others. Among these, the luxury goods segment holds high growth rate in the developing markets, and is expected to witness stable growth in the developed countries, due to modern lifestyle, urbanization, growth in disposable income, and increasing investments on luxury goods are some key factors that drive the global travel retail market growth. By distribution channel, this market is categorized into cruise liners, airports, border, railway stations, hotel and shops. On the basis of region, the market segmented into North America, Asia-Pacific, Europe, and LAMEA.
Global travel retail market key players:
- DFS Group
- LS travel retail
- Dufry
- Lotte Duty Free
- The Shilla Duty Free
- King Power International Group
- Gebr
- China Duty Free Group
- Heinemann
- Naunace Group
- Aer Rianta International
Global travel retail market segmented into:
By Product Type
- Wine and Spirit
- Perfume and Cosmetics
- Electronics
- Food, catering, and confectionary
- Luxury goods
- Tobacco
- Others
By Channel
- Cruise Liner
- Airport
- Border
- Downtown and hotel shop
By Region
- North America
- Mexico
- Canada
- U.S.
- Europe
- Italy
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- India
- Japan
- China
- Rest of ASPAC
- LAMEA
- Middle East
- Latin America
- Africa
What to expect from the upcoming report on ‘Global Travel Retail Market’:
- Analysis of future prospects as well as global travel retail market trends over the forecast period (2018-2025)
- Information regarding technological progressions as well as innovations taking place in developing as well as developed economies and also various macro & microeconomic factors that affect the growth of the market.
- Supportive initiatives by government likely to influence the market dynamics.
- Key drivers influencing market’s growth, opportunities, restraints, sales channels and distributors.
- In-depth analysis of different market segmentations including end-user, application, manufacturing process and geographical regions.
- Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market such as expansions, growth strategies, agreements, new product launches and acquisitions in the market
- Value Chain and Sales Channels Analysis
Who should buy this report?
- Report is especially designed for Venture capitalists, Investors, financial institutions, Analysts, Government organizations, regulatory authorities, policymakers, researchers, strategy