Airport Retailing Market Dominated by Europe and Growing at 8.5% CAGR to 2021
The global airport retailing market is proected to be worth $47.81 billion by 2021, at a CAGR of 8.5%, led by direct retailer segment pushed by factors like tourism sector, increasing incomes of the middle class population, easy availability of brands and large airport segment estimated to account for the highest market share in 2016.
Complete report on global airport retailing market spread across 140 pages, profiling 11 companies and supported with 56 tables and 79 figures is now available at http://www.reportsnreports.com/reports/690197-airport-retailing-market-by-type-direct-retailer-department-store-specialty-retailer-supermarkets-airport-size-large-medium-small-category-liquor-tobacco-perfumes-cosmetics-fashion-accessories-global-forecast-to-2021.html .
The global airport retailing market, by type is segmented into direct retailer, department store, specialty retailer, and supermarkets. The direct retailer segment estimated to account for the largest market share in 2016. In the airport retailing market, major revenue is generated through major stores such as Lacoste, Hugo Boss, Levi’s, among others.
Large airport is estimated to be the largest segment of the global airport retailing market, by airport size, in 2016. The global airport retailing market is growing due to the increasing passenger traffic and promotional activities by individual brands. Retailing has become one of the biggest sources of revenue for airports, globally. This is attributed to the increase in air travelers, the growing demand of customers, and the duty-free shopping experience. On the basis of category, the airport retailing market is segmented into liquor & tobacco, perfumes & cosmetics, fashion & accessories, food & confectionery, and others. A few deals offered in the food & confectionary category, but increase in tourism across the globe has resulted in higher footfall at airports, increasing the demand for food & confectionery. The rise in demand for local destination products is expected to drive the global airport retailing market in food & confectionery.
In the last few decades, the European region has seen an immense growth in the airport retailing market, due to the growth in the tourism sector, affordable air fares, and increased investments in airports for expanding retail spaces. Furthermore, it is expected to grow in the near future as many new projects are in pipeline, which include development & expansion of new terminals, renovation of the existing airports, and refurbishments. Also, Asia-Pacific is contributing majorly towards the growth of the global airport retailing market. Emerging countries like India and China are increasing investments to develop new terminals and expand dedicated retail areas at airports which are attracting large number of passengers. This in turn is fueling the growth of the airport retailing market in this region.
The various key vendors profiled in this report such as Dufry (Switzerland), Gebr. Heinemann (Germany), Duty Free America (U.S.), Dubai Duty Free (UAE), Bahrain Duty Free Shop Complex (Bahrain), World Duty Free Group (WDFG) (Spain). Order a copy of Airport Retailing Market by Type (Direct Retailer, Department Store, Specialty Retailer, Supermarkets), Airport Size (Large, Medium, Small), Category (Liquor & Tobacco, Perfumes & Cosmetics, Fashion & Accessories) – Global Forecast to 2021 research report at http://www.reportsnreports.com/purchase.aspx?name=690197 .
In the process of determining and verifying, airport retailing market for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (40%), Tier 2 (35%) and Tier 3 (25%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C Level Executives (28%), Director Level (43%) and Manager Level (29%) from various key organizations operating in the global airport retailing market. The primary interviews were conducted worldwide covering regions such as North America (46%), Europe (31%), Asia-Pacific (15%) and RoW (8%).
On a related note, another research on Airport Lighting Market Global Forecast to 2021 says, the airport lighting market is projected to grow at a CAGR of 7.2% from 2016 to 2021. The runway lighting systems segment is projected to grow at the highest CAGR in the airport lighting market. The North American region holds a dominant market share in the airport lighting market. Companies like ADB Airfield Solutions, Honeywell International, Inc., ABB, Hella KGaA Hueck & Co., and ATG Airports have been profiled in this 148 pages research report available at http://www.reportsnreports.com/reports/620745-airport-lighting-market-by-type-runway-taxiway-apron-lighting-systems-position-in-pavement-lighting-elevated-lighting-papi-technology-non-led-and-led-and-by-geography-global-forecast-to-2021.html .
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