Travel Retail Market 2017-2023: Key Player, Demand, Growth, Opportunities and Forecast

Press Release

A fresh report titled “Travel Retail Market by Product (Perfumes & Cosmetics, Wine & Spirits, Tobacco, Electronics, Luxury Goods, Food & Confectionery, and Catering & Others) and Channel (Airports; Cruise Liners; Railway Stations; and Border, Downtown, & Hotel Shops) – Global Opportunity Analysis and Industry Forecast, 2017-2023” has been presented by KD market insights. It evaluates the key market trends, advantages, and factors that are pushing the overall growth of the market. The report also analyzes the different segments along with major geographies that have more demand for Travel Retail Market. The competition analysis is also a major part of the report.
 
The global Travel retail market size is expected to reach $125.1 billion by 2023, registering a CAGR of 8.9% during the forecast period. Rise in disposable income has elevated the consumer’s lifestyle and shifted their preference towards apparels, luxury goods, premium fragrances, cosmetics, and other products. Moreover, the development in emerging nations such as Asia-Pacific and LAMEA is projected to supplement the global travel retail market growth. However, unorganized local market and stringent government regulations in airport retailing hamper the global travel retail market growth.

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The global travel retail market is segmented on the basis of product, channel, and geography. The product segment includes perfumes & cosmetics, wine & spirits, tobacco, electronics, luxury goods, food & confectionery, and catering & others. In 2016, beauty products, namely, perfumes & cosmetics accounted for the maximum revenue with more than 30% market share. Based on channel, the global travel retail market is classified into airports; cruise liners; railway stations; and border, downtown, & hotel shops. Regionally, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

On the basis of product type, the luxury goods segment is anticipated to register the highest growth rate during the forecast period in the travel retail market. The purchase of these goods is extremely dependent on the economic stability of any region, as the goods are majorly procured by the upper economic classes. Regionally, Asia-Pacific is expected to dominate the global market during the analysis period, due to the presence of large number of retail companies in China, India, Thailand, and others. In addition, the market in Asia-Pacific is expected to grow at the fastest rate due to increase in number of high net worth individuals and a growing tourism industry.

KEY MARKET PLAYERS PROFILED IN THE REPORT ARE:
– DFS Group
– Dufry
– LS Travel Retail
– Lotte Duty Free
– King Power International Group
– The Shilla Duty Free
– Gebr. Heinemann
– China Duty Free Group (CDFG)
– Aer Rianta International (ARI)
– The Naunace Group

KEY BENEFITS FOR STAKEHOLDERS
– This report provides an in-depth analysis of the global travel retail market to identify the potential investment pockets.
– It outlines the current trends and future scenarios to determine the travel retail market potential and gain stronger market foothold.
– Key drivers, restraints, and opportunities and their detailed impact analysis are elucidated.
– Quantitative analysis of the travel retail industry from 2016 to 2023 is highlighted to recognize the financial competency of the market.
– Porter’s Five Forces model illustrates the threat of new entrants, threat of substitutes, and strength of the buyers & suppliers.

KEY MARKET SEGMENTS

By Product Type
– Perfumes & Cosmetics
– Wine & Spirits
– Electronics
– Luxury Goods
– Food, Confectionery, & Catering
– Tobacco
– Others

By Channel
– Airports
– Cruise Liners
– Railway Stations
– Border, Downtown, & Hotel Shops

By Geography
– North America
– – U.S.
– – Canada
– – Mexico
– Europe
– – UK
– – Italy
– – France
– – Germany
– – Rest of Europe
– Asia-Pacific
– – China
– – India
– – Japan
– – Rest of Asia-Pacific
– LAMEA
– – Latin America
– – Middle East
– – Africa

THE OTHER PLAYERS IN THE MARKET INCLUDE THE FOLLOWING:
– Regstaer Duty Free
– Baltona Duty Free
– Le Bridge Duty Free
– Autogrill
– Dubai Duty Free
– James Richardson Corporation

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Table of Content

CHAPTER 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1.1. Secondary research
1.4.1.2. Primary research
1.4.1.3. Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE

CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top impacting factors
3.2.2. Top winning strategies
3.2.3. Top investment pockets
3.3. PORTERS FIVE FORCES ANALYSIS
3.3.1. Low bargaining powers of suppliers
3.3.2. High bargaining powers of buyers
3.3.3. Low threat of substitution
3.3.4. Low threat of new entrant
3.3.5. High competitive rivalry
3.4. MARKET SHARE ANALYSIS, 2016 (%)
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.1.1. Development of the travel & tourism industry
3.5.1.2. Rapid growth in urbanization
3.5.1.3. Rise in disposable income
3.5.2. Restraints
3.5.2.1. Unorganized local markets
3.5.2.2. Stringent government rules, particularly for airport retailing
3.5.3. Opportunities
3.5.3.1. Growth in Asia-Pacific and LAMEA economies

CHAPTER 4 TRAVEL RETAIL MARKET, BY PRODUCT
4.1. OVERVIEW
4.1.1. Market size and forecast
4.2. PERFUMES & COSMETICS
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market size and forecast, by country
4.3. FOOD, CONFECTIONERY & CATERING
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market size and forecast, by country
4.4. ELECTRONICS
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market size and forecast, by country
4.5. WINE & SPIRITS
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market size and forecast, by country
4.6. LUXURY GOODS
4.6.1. Key market trends, growth factors and opportunities
4.6.2. Market size and forecast, by region
4.6.3. Market size and forecast, by country
4.7. TOBACCO
4.7.1. Key market trends, growth factors and opportunities
4.7.2. Market size and forecast, by region
4.7.3. Market size and forecast, by country
4.8. OTHERS
4.8.1. Key market trends, growth factors and opportunities
4.8.2. Market size and forecast, by region
4.8.3. Market size and forecast, by country

CHAPTER 5 TRAVEL RETAIL MARKET, BY CHANNEL
5.1. OVERVIEW
5.1.1. Market size and forecast
5.2. AIRPORTS
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market size and forecast, by country
5.3. CRUISE LINERS
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market size and forecast, by country
5.4. RAILWAY STATIONS
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market size and forecast, by country
5.5. BORDER, DOWNTOWN, & HOTEL SHOPS
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market size and forecast, by country

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