Technavio has been monitoring the duty-free retailing market and it is poised to grow by USD 53.50 billion during 2020-2024, progressing at a CAGR of about 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Duty-free Retailing Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Duty-free Retailing Market 2020-2024 (Graphic: Business Wire)

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Frequently Asked Questions-

  • Based on segmentation by product, which is the leading segment in the market?
  • The fashion apparel and accessories are expected to be the leading segment based on product in the global market during the forecast period.
  • What are the major trends in the market?
  • Exemption of excise duty on premium products is one of the major trends in the market.
  • At what rate is the market projected to grow?
  • Growing at a CAGR of about 9%, the incremental growth of the market is anticipated to be USD 53.5 billion.
  • Who are the top players in the market?
  • DFS Group Ltd., Dubai Duty Free, Dufry Ltd., Gebr. Heinemann SE & Co. KG, HOTEL SHILLA Co. Ltd., JR /Group, King Power International Co. Ltd., Lagardère Group, LOTTE SHOPPING Co. Ltd., and LVMH Moët Hennessy - Louis Vuitton SE are some of the major market participants.
  • What are the key market drivers and challenges?
  • High growth rate of duty-free retailing is one of the major factors driving the market. However, the restriction on baggage weight in flights restraints the market growth.
  • How big is the APAC market?
  • The APAC region will contribute 48% of market growth.

The market is moderately fragmented, and the degree of fragmentation will accelerate during the forecast period. DFS Group Ltd., Dubai Duty Free, Dufry Ltd., Gebr. Heinemann SE & Co. KG, HOTEL SHILLA Co. Ltd., JR /Group, King Power International Co. Ltd., Lagardère Group, LOTTE SHOPPING Co. Ltd., and LVMH Moët Hennessy - Louis Vuitton SE are some of the major market participants. The high growth rate of duty-free retailing will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Duty-free Retailing Market 2020-2024: Segmentation

Duty-free Retailing Market is segmented as below:

  • Product
    • Fashion Apparel and Accessories
    • Cosmetics and Perfumes
    • Tobacco and Alcoholic Beverages
    • Confectionery and Fine Foods
  • Distribution Channel
    • Airports
    • Border, Downtown and Hotel Shops
    • Others
  • Geography
    • APAC
    • Europe
    • North America
    • South America
    • MEA

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Duty-free Retailing Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The duty-free retailing market report covers the following areas:

  • Duty-free Retailing Market Size
  • Duty-free Retailing Market Trends
  • Duty-free Retailing Market Analysis

This study identifies exemption of excise duty on premium products as one of the prime reasons driving the duty-free retailing market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Duty-free Retailing Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist duty-free retailing market growth during the next five years
  • Estimation of the duty-free retailing market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the duty-free retailing market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of duty-free retailing market vendors

Table of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis
  • Market Sizing
  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product placement
  • Fashion apparel and accessories - Market size and forecast 2019-2024
  • Cosmetics and perfumes - Market size and forecast 2019-2024
  • Tobacco and alcoholic beverages - Market size and forecast 2019-2024
  • Confectionery and fine foods - Market size and forecast 2019-2024
  • Market opportunity by Product

Market Segmentation by Distribution channel

  • Market segments
  • Comparison by Distribution channel placement
  • Airports - Market size and forecast 2019-2024
  • Border, downtown, and hotel shops - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by Distribution channel

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • DFS Group Ltd.
  • Dubai Duty Free
  • Dufry Ltd.
  • Gebr. Heinemann SE & Co. KG
  • HOTEL SHILLA Co. Ltd.
  • JR /Group
  • King Power International Co. Ltd.
  • Lagardère Group
  • LOTTE SHOPPING Co. Ltd.
  • LVMH Moët Hennessy - Louis Vuitton SE

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

     

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