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Global Duty-free Retailing Market 2015-2019

  • December 2015
  • -
  • Infiniti Research Limited
  • -
  • 68 pages

Overview of the duty-free retailing market

Technavios research analyst predicts the global duty-free retailing market to grow steadily at a CAGR of around 9% during the forecast period. The increase in international travelers is the primary driver for the growth of this market. The number of foreign travelers during 2014 was around 1 billion, with Europe emerging as the most popular destination.

However, the restrictions on the baggage weight is expected to deter the growth of this market during the forecast period. For instance, in the economy class of Lufthansa, passengers are only allowed one hand baggage of up to 8 kilos. This restriction creates a loss of opportunity for products like alcohol that is heavier than any other product group.

Product segmentation and analysis of the duty-free retailing market

Fashion, accessories and hard luxury
Perfumes and cosmetics
Wines and spirits
Tobacco
Confectionary and fine food
The fashion, accessories, and hard luxury segment dominated the duty-free retailing market during 2014 with a market share of around 32%. This segment is anticipated to retain its market dominance until the end of 2019, growing at a rate of 11%. Precious jewelry, briefcases, handbags, and shoes are the key driving products in this category. Some of the popular brands in this segment are Michael Kors, Armani, Fossil, Gucci, and Burberry.

Segmentation by distribution channel and analysis of the duty-free retailing market

Airports
Ports and railway stations
Airlines and ferries
Airports contributed 59% of the global market revenue during 2014 and is expected to retain its market leadership until the end of 2019. For instance, during 2014, Shanghai Pudong International Airport increased its Sunrise Duty-Free retail space by nearly 50% to increase the sales turnover.

Geographical segmentation and analysis of the duty-free retailing market

Americas
APAC
Europe
MEA
APAC accounted for 38% of the market share during 2014 and is expected to grow at a CAGR of 11% during the forecast period. South Korea, China, Hong Kong, Singapore and Thailand are the key countries that are driving the sales in this market. South Korea and China contribute around 20% of the global revenue from duty-free retailing.


Competitive landscape and key vendors

The global duty-free retailing market is dominated by more than 20 big retailers. Key players like DFS and Lotte are tapping the opportunities provided in growing regions such as South Korea and China.


The leading vendors in the market are -

DFS
Dufry
Lotte
Lagardre
The Nuance Group
Other prominent vendors in the market include Aer Rianta International, China Duty-free Group, Dubai Duty-free, Duty-free Americas, Gebr. Heinemann, James Richardson, King Power International, and The Shilla Duty-free.


Key questions answered in the report include

What will the market size and the growth rate be in 2019
What are the key factors driving the global duty-free retailing market
What are the key market trends impacting the growth of the duty-free retailing market
What are the challenges to market growth
Who are the key vendors in this market space
What are the market opportunities and threats faced by the vendors in the global duty-free retailing market
Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA
What are the key outcomes of the five forces analysis of the duty-free retailing market
Technavio also offers customization on reports based on specific client requirement.


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Table Of Contents

Global Duty-free Retailing Market 2015-2019
Table of Contents
PART 01: Executive summary
- Key insights
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by products
PART 07: Market segmentation by distribution channels
PART 08: Market segmentation by geographies
PART 09: Key leading countries
- South Korea
- China
- US
- UK
- Germany
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
- Competitive scenario
- Market share analysis 2014
- Other prominent vendors
PART 16: Key vendor analysis
- DFS Group
- Dufry
- Lagardere Travel Retail
- Lotte DutyFree
- The Nuance Group
PART 17: Appendix
- List of abbreviation
PART 18: Explore Technavio

List of Exhibits
Exhibit 01: Product offerings
Exhibit 02: Overview of global duty-free retailing market 2014-2019
Exhibit 03: Global duty-free retailing market 2014-2019 ($ billions)
Exhibit 04: Five forces analysis
Exhibit 05: Market segmentation by products
Exhibit 06: Global revenue market segmentation by products 2014 ($)
Exhibit 07: Categorization of fashion, accessories, and hard luxury
Exhibit 08: Fashion, accessories, and hard luxury in global duty-free retailing market 2014-2019 ($ billions)
Exhibit 09: Perfumes and cosmetics in global duty-free retailing market 2014-2019 ($ billions)
Exhibit 10: Wines and spirits in global duty-free retailing market 2014-2019 ($ billions)
Exhibit 11: Tobacco in global duty-free retailing market 2014-2019 ($ billions)
Exhibit 12: Confectionery and fine food in global duty-free retailing market 2014-2019 ($ billions)
Exhibit 13: Revenue market share by distribution channels 2014 and 2019 (%)
Exhibit 14: Airports in global duty-free retailing market 2014-2019 ($ billions)
Exhibit 15: Ports and railways in global duty-free retailing market 2014-2019 ($ billions)
Exhibit 16: Airlines and ferries in global duty-free retailing market 2014-2019 ($ billions)
Exhibit 17: Global revenue market share by distribution channels 2014 and 2019 (%)
Exhibit 18: Duty-free retailing market in APAC 2014-2019 ($ billions)
Exhibit 19: Duty-free retailing market in Europe 2014-2019 ($ billions)
Exhibit 20: Duty-free retailing market in Americas 2014-2019 ($ billions)
Exhibit 21: Key leading countries
Exhibit 22: Market drivers of global duty-free retailing market
Exhibit 23: Number of international Travelers 2009-2019 (billions)
Exhibit 24: Impact of drivers
Exhibit 25: Key market challenges of global duty-free retailing market
Exhibit 26: US dollar vs. Chinese yuan renminbi and Russian ruble 2014
Exhibit 27: Impact of drivers and challenges
Exhibit 28: Market trends
Exhibit 29: Revenue market share of global duty-free retailers 2014
Exhibit 30: DFS Group: Product segmentation
Exhibit 31: Dufry: Business segmentation by revenue 2014
Exhibit 32: Dufry: Business segmentation by revenue 2013 and 2014 ($ billions)
Exhibit 33: Lagardere: Business segmentation
Exhibit 34: Lagardere Travel Retail: Business segmentation
Exhibit 35: Lagardere: Geographical segmentation by revenue 2014
Exhibit 36: Nuance: Service segmentation 2014

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