Report Ocean has recently published the “Airport Retailing Market “ Research Report 2023-2031, offering a comprehensive analysis of the market. This report delves deep into the market dynamics, including key trends, upcoming technologies, drivers, challenges, and regulatory policies. It also features company profiles and strategies of prominent players in the industry. With over 100+ market data tables, pie charts, graphs, and figures, this global market study provides a thorough understanding of the market landscape. It presents a complete assessment, encompassing future trends, current growth factors, informed opinions, factual insights, and industry-validated market data, enabling accurate forecasts until 2031.
Airport retailing refers to the existence of several retail services such as jewelry, books & magazines, gifts & crafts, clothing & accessories, convenience stores, and perfumes in the airport premises to provide enhanced convenience to travelers. In addition, airport retailing is involved in offering a wide range of merchandise and is a relatively easy choice for travelers. It has become one of the important strategies of companies to promote and raise awareness about their brands at the airports. Airports, where airline tickets are low, are not capable of generating high aeronautical revenue. Consequently, they switch to non-aeronautical companies such as retail outlets, restaurants, bars, and cafeterias.
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As many consumers seek for limited edition products, they can easily acquire such products in specialty retail shops, or retail stores, or departmental stores at the airport. Moreover, customers preferring international brands of cigars, cigarettes, perfumes, cosmetics, and watches can benefit from the availability of various international brands under one roof. Increase in products launches by cosmetics, liquor, and tobacco products manufacturers in specially travel retail categories is expected to boost the market during the forecast period. In addition, rise in disposable income, accessibility of luxury products at affordable prices, and increase in number of passengers fuel the growth of the airport retailing market.
Expansion of the tourism sector, affordable airfares, increase in airport investment to expand retail spaces, and the introduction of new terminals is expected to witness immense growth in the airport retailing market. The factors that promote the growth of travel & tourism industry include changes in lifestyle, rise in tourism promotion, and increase in accessibility of transport facilities, which, in turn, are expected to augment the growth of the airport retailing market. Factors such as technological advancements give rise to easy access to hotel & transport booking through online portals, which further boost the market growth. Moreover, inclination of consumers toward luxurious lifestyle is one of the factors that drives the growth of the airport retailing market.
However, implementation of stringent baggage rule changes the buying behavior of customers, which hampers the sales of the duty-free and other products on the airport premises, thereby restraining the development of the airport retailing market. Moreover, the government rigid rules and policies for the air traveller passengers are projected to hamper the growth of the airport retailing market. On the contrary, untapped countries in Asia-Pacific and LAMEA possess huge growth prospects in the coming years. For instance, strengthening of economy in several countries in LAMEA boosts the market growth. In addition, increase in the number of millennial is projected to drive the growth of the airport retailing mark
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Key benefits for stakeholders
– The study provides an in-depth analysis of the global airport retailing market, with current and future trends to elucidate the imminent investment pockets in the market.
– Current and future trends are outlined in the report to determine the overall market attractiveness and single out profitable trends to gain a stronger foothold in the market.
– The report provides information regarding drivers, restraints, and opportunities with impact analysis.
– A quantitative analysis of the current market and estimation for the same from 2019 to 2027 is provided to showcase the financial competency of the market.
– Porter’s five forces model of the industry illustrates competitiveness of the market by analyzing various parameters such as, threat of new entrants, threat of substitutes, bargaining power of the buyers, and bargaining power of the suppliers operating in the market.
– Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.
Key Market Segments
By Product Type
– Liquor & Tobacco
– Perfumes & Cosmetics
– Fashion & Accessories
– Food & Beverages
– Others
By Airport Size
– Large Airport
– Medium Airport
– Small Airport
By Distribution Channel
– Direct Retailer
– Convenience Store
– Specialty Retailer
– Departmental store
By Region
– North America
o U.S.
o Canada
o Mexico
– Europe
o France
o Italy
o Turkey
o Germany
o UK
o Spain
o Russia
o Rest of Europe
– Asia-Pacific
o China
o India
o Thailand
o Japan
o Australia
o South Korea
o Rest of Asia-Pacific
– LAMEA
o Brazil
o South Africa
o United Arab Emirates
o Saudi Arabia
o Rest of LAMEA
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
Key target audience are:
Business Owners and Executives:
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Marketing and Sales Professionals:
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Product Development and Innovation Teams:
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Key Questions Market Research and Analysis Report
- What is the current market size, both in terms of value and volume?
- What is the historical growth rate of the market, and what are the projected growth rates for the future?
- Who are the major players in the market, and what is their market share?
- What are the market trends and dynamics influencing the industry?
- What are the key drivers of market growth?
- What are the challenges and barriers faced by market participants?
- What are the emerging opportunities in the market?
- What is the competitive landscape of the market?
- What are the consumer preferences, behaviors, and buying patterns within the market?
- What is the market segmentation, and how are different market segments performing?
- What are the pricing trends and strategies in the market?
- What are the distribution channels and their effectiveness in reaching the target audience?
- What are the regulatory and legal factors impacting the market?
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