DUBLIN, August 04, 2021--(BUSINESS WIRE)--The "Airport Retailing Market by Product Type, Airport Size, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2027" report has been added to ResearchAndMarkets.com's offering.
Airport retailing 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.
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 market.
Key Topics Covered:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.2.2. Top impacting factor
3.3. Porter's five forces analysis
3.4. Top player positioning
3.5. Market dynamics
126.96.36.199. Development of the travel & tourism industry
188.8.131.52. Rise in disposable income
184.108.40.206. Stringent baggage rules
220.127.116.11. Government rigid rules and policies regarding duty free items
18.104.22.168. Unorganized local markets
22.214.171.124. Growth in Asia-Pacific and LAMEA economies
3.6. Parent-peer market overview
3.7. COVID-19 Impact and analysis on airport retailing market
CHAPTER 4: AIRPORT RETAILING MARKET, BY PRODUCT TYPE
4.1.1. Market size and forecast
4.2. Liquor & tobacco
4.3. Perfumes & cosmetics
4.4. Fashion & accessories
4.5. Food & beverages
CHAPTER 5: AIRPORT RETAILING MARKET, BY AIRPORT SIZE
5.2. Large airport
5.3. Medium airport
5.4. Small airport
CHAPTER 6: AIRPORT RETAILING MARKET, BY DISTRIBUTION CHANNEL
6.1.1. Market size and forecast
6.2. Direct retailer
6.3. Convenience store
6.4. Specialty retailer
6.5. Departmental store
CHAPTER 7: AIRPORT RETAILING MARKET, BY REGION
CHAPTER 8: COMPETITION LANDSCAPE
8.1. Top winning strategies
8.2. Product mapping
8.3. Competitive dashboard
8.4. Competitive heatmap
8.5. Key developments
CHAPTER 9: COMPANY PROFILES
Airport Retail Group LLC
Dubai Duty Free
DFS Group Ltd
King Power International
The Shilla Duty Free
China Duty Free Group Co. Ltd
Gebr. Heinemann SE & Co. KG
Japan Airport Terminal Co. Ltd
For more information about this report visit https://www.researchandmarkets.com/r/15h7w8
View source version on businesswire.com: https://www.businesswire.com/news/home/20210804005530/en/
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