HTF Market Intelligence recently released a survey document on Duty Free Retailing market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision-makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, and emerging trends along with essential drivers, challenges, opportunities, and restraints in the Duty Free Retailing market. Some of the companies listed in the study from the complete survey list are Dufry (Switzerland), Lotte Duty-Free (South Korea), The Shilla Duty-Free (Singapore), China Duty-Free Group (China), Lagardère Travel Retail (Paris), Gebr Heinemann (Germany), DFS Group (Hong Kong), King Power International Group (Thailand), Sinsegae Duty-Free (South Korea), Dubai Duty-Free (United Arab Emirates).
According to HTF Market Intelligence, the Duty Free Retailing market size is estimated to increase by USD at a CAGR of 10% from 2023 to 2030. Currently, the market value is pegged at USD .
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Definition:
Duty-free retailing refers to the sale of goods to travelers, exempt from certain taxes, available at airports, borders, and international transportation locations.
Market Trends:
Personalized Shopping Experiences, Digital Payment
Market Drivers:
Increase in International Travel
Market Challenges:
Economic Downturns
Regulatory Changes
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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of Duty Free Retailing market segments by Types: Perfumes, Cosmetics, Alcohol, Cigarettes, Confectionery and Fine Foods, Others
Detailed analysis of Duty Free Retailing market segments by Applications: Aviation (Airports, Onboard Aircraft), Land (Train Stations, Land Borders, Others), Maritime (Cruises, Ferries)
Major Key Players of the Market: Dufry (Switzerland), Lotte Duty-Free (South Korea), The Shilla Duty-Free (Singapore), China Duty-Free Group (China), Lagardère Travel Retail (Paris), Gebr Heinemann (Germany), DFS Group (Hong Kong), King Power International Group (Thailand), Sinsegae Duty-Free (South Korea), Dubai Duty-Free (United Arab Emirates)
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report:
• -To carefully analyse and forecast the size of the Duty Free Retailing market by value and volume.
• -To estimate the market shares of major segments of the Duty Free Retailing market.
• -To showcase the development of the Duty Free Retailing market in different parts of the world.
• -To analyse and study micro-markets in terms of their contributions to the Duty Free Retailing market, their prospects, and individual growth trends.
• -To offer precise and useful details about factors affecting the growth of the Duty Free Retailing market.
• -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Duty Free Retailing market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
The Duty Free Retailing Market is segmented by Application (Aviation (Airports, Onboard Aircraft), Land (Train Stations, Land Borders, Others), Maritime (Cruises, Ferries)) by Type (Perfumes, Cosmetics, Alcohol, Cigarettes, Confectionery and Fine Foods, Others) by Sales Channel (Direct Channels, Distribution Channels) and by Geography (North America, South America, Europe, Asia Pacific, MEA).
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Key takeaways from the Duty Free Retailing market report:
– Detailed consideration of Duty Free Retailing market-particular drivers, Trends, constraints, Restraints, Opportunities, and major micro markets.
– Comprehensive valuation of all prospects and threats in the
– In-depth study of industry strategies for growth of the Duty Free Retailing market-leading players.
– Duty Free Retailing market latest innovations and major procedures.
– Favourable dip inside Vigorous high-tech and market latest trends remarkable the Market.
– Conclusive study about the growth conspiracy of Duty Free Retailing market for forthcoming years.
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Major highlights from Table of Contents:
Duty Free Retailing Market Study Coverage:
• It includes major manufacturers, emerging player’s growth story, and major business segments of Duty Free Retailing market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
• Duty Free Retailing Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
• Duty Free Retailing Market Production by Region Duty Free Retailing Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
Key Points Covered in Duty Free Retailing Market Report:
• Duty Free Retailing Overview, Definition and Classification Market drivers and barriers
• Duty Free Retailing Market Competition by Manufacturers
• Duty Free Retailing Capacity, Production, Revenue (Value) by Region (2023-2029)
• Duty Free Retailing Supply (Production), Consumption, Export, Import by Region (2023-2029)
• Duty Free Retailing Production, Revenue (Value), Price Trend by Type {Perfumes, Cosmetics, Alcohol, Cigarettes, Confectionery and Fine Foods, Others}
• Duty Free Retailing Market Analysis by Application {Aviation (Airports, Onboard Aircraft), Land (Train Stations, Land Borders, Others), Maritime (Cruises, Ferries)}
• Duty Free Retailing Manufacturers Profiles/Analysis Duty Free Retailing Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
• Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
Major questions answered:
• What are influencing factors driving the demand for Duty Free Retailing near future?
• What is the impact analysis of various factors in the Global Duty Free Retailing market growth?
• What are the recent trends in the regional market and how successful they are?
• How feasible is Duty Free Retailing market for long-term investment?
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