Global Duty Free Retailing 2015-2020: Ken Research

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Duty free channel has produced notable growth over the last five years; however, it was far below its potential as the market was largely impacted by recession and the European crisis. Over the next five years, the market is expected to expand at a faster rate mainly driven by increasing number of international travelers, supported by growth of low cost airlines and new air routes across the world, modernization of airports, and new duty free retail space. In addition, organic growth in Asia-Pacific duty free market on the back of high Chinese spending and expansion of duty free retail space will contribute to the global sales.

Key Findings

Global will register CAGR of 6.7% during 2015-2020 with Asia-Pacific contributing to majority of the sales

South Korea is the largest market globally and will retain its position growing at a CAGR of 9.6%

India will be the fastest growing market at 20.7% during 2015-2020, followed by Japan, which will enter top 10 largest market list at the seventh position in 2020

Cosmetic and toiletries was the largest category in 2015 and is set to witness a CAGR of 7.9% during the next five years, driven by demand for Korean cosmetics, introduction of specialized concepts promoting higher customer engagement

Synopsis

The “Global Duty Free Retailing, 2015-2020” report, published by Verdict Research, provides analysis of current and forecast market data for retail sales in different product categories sold through duty free channel across the globe.

What else does this report offer?

Current market sizes and forecasts to 2020 by country and category; covers 50 countries and 20 categories, including clothing, consumer electronics, drinks, footwear, homewares, jewelry, watches and accessories, luggage and leather goods, packaged food, health and beauty, photographic equipment, printed media, sports equipment, tobacco, toys and games, and others

Market insights based on consumer trends and changing economic and demographic factors on a regional and country basis

International arrivals by country and top 10 source countries for international arrivals in top 20 countries

Retail sales and fastest-growing markets for duty free channel

Category level retail sales and forecast growth rates for each country

Competitive landscape covering market share of major duty free operators in the region and their five year duty free sales and trading update analysis, recent key events, and outlook

Key Topics Covered in the Report:

Global Duty Free Retailing Market

Global Duty Free Retailing Market Future Outlook

Global Duty Free Retailing Industry Research

Middle East Duty Free Retailing Market Analysis

Europe Duty Free Retailing Market Trends

Africa Duty Free Retailing Market Size

Global Duty Free Retailing Market Research Report

Global Duty Free Retailing Market Swot

Global Duty Free Retailing Market Growth

US Duty Free Retailing Market Revenue

To know more, click on the link below:

https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/global-duty-free-retailing-market-dynamics-retail/43354-95.html

Related reports

https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/duty-free-retailing-europe/47678-95.html

https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/duty-free-retailing-middle-east-north-africa/47677-95.html

Contact:

Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204

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