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Duty-free Retailing Market in Europe 2017-2021

Duty-free Retailing Market in Europe 2017-2021

About Duty-free Retailing

Duty-free retailers are those that are exempted from certain local and national taxes and duties because they sell goods to international travelers. However, taxes may be imposed on duty-free goods when buyers reach their country of destination or when the quantity of the goods exceeds certain set limits. These retailers operate at international airports and seaports, border towns, train stations, and onboard aircraft and ships. These retailers offer products such as perfumes, cosmetics, alcohol, cigarettes, chocolates, electronics, and accessories. The duty-free retailing market in Europe is expected to grow significantly during the forecast period, due to the expansion in international airports and increasing number of passengers.

Technavio’s analysts forecast the duty-free retailing market in Europe to grow at a CAGR of 6.06% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the duty-free retailing market in Europe for 2017-2021. To calculate the market size, the report considers the revenue generated from the retail sales of various consumer products to individual customers at duty-free retail stores in the region.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Duty-Free Retailing Market in Europe 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • daa (Aer Rianta International)
  • Dufry
  • Lagardère
  • LVMH
Other prominent vendors
  • China Duty-free Group
  • Dubai Duty-free
  • Duty-free Americas
  • Gebr. Heinemann
  • JR/Group (James Richardson)
  • King Power International
  • THE SHILLA DUTY-FREE
Market driver
  • Premium product offerings and exemption from excise duties
  • For a full, detailed list, view our report
Market challenge
  • Low consumer interest in shopping at travel points
  • For a full, detailed list, view our report
Market trend
  • Entry of global brands in European market
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Duty-Free Retailing Market in Europe 2017-2021

Technavio recognizes the following companies as the key players in the duty-free retailing market in Europe: daa (Aer Rianta International), Dufry, Lagardère, and LVMH

Other Prominent Vendors in the market are: China Duty-free Group, Dubai Duty-free, Duty-free Americas, Gebr. Heinemann, JR/Group (James Richardson), King Power International, and THE SHILLA DUTY-FREE.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Entry of global brands in European market. Since duty-free retailing markets of different European countries are actively being promoted as shopping destinations, an emerging category of travelers consider shopping at these spots an integral part of their travel experience. LVMH, one of the leading retailers in the market and the largest luxury brand owner, is also one of the largest investors in duty-free retailing and the revenue growth from its duty-free business, recorded a significant increase in its revenue. Hermès, one of the well-known luxury brands in France, is optimizing and expanding a network of boutiques in airports to showcase its retail design concept and service. Thus, the entry of global brands in the regional market is expected to have a positive impact on the growth of the market during the forecast period.”

According to the report, one of the major drivers for this market is Premium product offerings and exemption from excise duties. In Europe, duty-free retailing is mostly concentrated on the value sales of luxury brands of fashion goods, accessories, hard luxury items, cosmetics, fragrances, wines and other non-alcoholic beverages. Among these, fashion goods, accessories, hard luxury items, cosmetics, and fragrances accounted for more than two-thirds of the total revenue generated in the regional market in 2016. This data indicates that premium categories play a pivotal role in determining sales in the duty-free retailing space. International retailers of duty-free goods such as DFS from LVMH and Dufry are adding more luxury brands to their product portfolios to augment their sales.

Further, the report states that one of the major factors hindering the growth of this market is Low consumer interest in shopping at travel points. Limited time for vacations and leisure for many tourists compels them to focus on traveling rather than spending time and money on related activities such as shopping. Analysis of the daily footprint data of travelers in any given busy international airport has shown that only 5%to 10% of the total number of travelers tend to visit duty-free retail stores in an airport.

Companies Mentioned

daa (Aer Rianta International), Dufry, Lagardère, LVMH, China Duty-free Group, Dubai Duty-free, Duty-free Americas, Gebr. Heinemann, JR/Group (James Richardson), King Power International, and THE SHILLA DUTY-FREE.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Global duty-free retailing market
      • Table Global duty-free retailing market 2016 (% share of revenue)
  • Market landscape
    • Duty-free retailing market in Europe
      • Table Duty-free retailing market in Europe 2016
      • Table Duty-free retailing market in Europe: Supply chain
    • Market size and forecast
      • Table Duty-free retailing market in Europe 2016-2021 ($ billions)
  • Five forces analysis
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Duty-free retailing market in Europe by product
      • Table Duty-free retailing market in Europe: Segmentation by product 2016-2021 (% share of revenue)
    • Comparison by product
      • Table Duty-free retailing market in Europe: Comparison by product 2016
    • Fashion, accessories, and hard luxury - market size and forecast
      • Table Duty-free fashion, accessories, and hard luxury retailing market in Europe- Market size and forecast 2016-2021 ($ billions)
      • Table Duty-free fashion, accessories, and hard luxury retailing market in Europe - Year-over 2021 (% value)
    • Cosmetics and perfumes - market size and forecast
      • Table Duty-free cosmetics and perfumes retailing market in Europe - Market size and forecast 2016-2021 ($ billions)
      • Table Duty-free cosmetics and perfumes retailing market in Europe - Year-over-year growth 2017-2021 (% value)
    • Wine and spirits - market size and forecast
      • Table Duty-free wine and spirits retailing market in Europe- Market size and forecast 2016- 2021 ($ billions)
      • Table Duty-free wine and spirits retailing market in Europe- Year-over-year growth 2017-2021 (% value)
    • Tobacco - market size and forecast
      • Table Duty-free tobacco retailing market in Europe - Market size and forecast 2016-2021 ($ billions)
      • Table Duty-free tobacco retailing market in Europe - Year-over-year growth 2017-2021 (%)
    • Confectionery and fine foods - market size and forecast
      • Table Duty-free confectionery and fine foods retailing market in Europe - Market size and forecast 2016-2021 ($ billions)
      • Table Duty-free confectionery and fine foods retailing market in Europe - Year-over-year growth 2017-2021 (% value)
    • Market opportunity by product
  • Market segmentation by distribution channel
    • Duty-free retailing market in Europe by distribution channel
      • Table Duty-free retailing market in Europe by distribution channel - market size and forecast 2016-2021 (% share of revenue)
    • Comparison by distribution channel
      • Table Comparison by distribution channel 2016
    • Airports - market size and forecast
      • Table Popular European airports with duty-free retail stores 2016
      • Table Duty-fee retailing market in Europe by airports - Market size and forecast 2016-2021 ($ billions)
      • Table Duty-free retailing market in Europe by airports - Year-over-year growth 2017-2021 (%)
    • Border, downtown, and hotel shops - market size and forecast
      • Table Duty-free retailing market in Europe by border, downtown, and hotel shops - Market size and forecast 2016-2021 ($ billions)
      • Table Duty-free retailing market in Europe by border, downtown, and hotel shops - Year-over year growth 2017- 2021 (% value)
    • Cruise lines, ferries, and seaports - market size and forecast
      • Table Duty-free retailing market in Europe by cruise lines, ferries, and seaports - Market size and forecast 2016-2021 ($ billions)
      • Table Duty-free retailing market in Europe by cruise lines, ferries, and seaports- Year-over year growth 2017- 2021 (% value)
    • Rail stations and others - market size and forecast
      • Table Duty-free retailing market in Europe by rail stations and others - Market size and forecast 2016-2021 ($ billions)
      • Table Rail stations and others - Year over year growth 2017-2021 (%)
    • Market opportunity by distribution channel
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Entry of global brands in European market
    • International retailers focusing on M&A
  • Vendor landscape
    • Competitive scenario
    • Key insights
  • Vendor analysis
    • Vendor overview
    • Comparative analysis of key vendors
      • Table Key vendors: Comparative analysis of product portfolio, product pricing, and geographical presence 2016
    • daa (Aer Rianta International)
      • Table daa: Business segmentation 2016 (% share of revenue)
      • Table daa: Geographical segmentation 2016 (% share of revenue)
    • Dufry
      • Table Dufry: Business segmentation 2016 (% share of revenue)
      • Table Dufry: Geographical segmentation 2016 (% share revenue)
      • Table Dufry: Product segmentation 2016 (% share of revenue)
      • Table Dufry: Distribution channel segmentation 2016 (% share of revenue)
    • Lagardère
      • Table Lagardère: Business segmentation 2016 (% share of revenue)
    • LVMH
      • Table LVMH: Business segmentation 2016 (% share of revenue)
      • Table LVMH: Geographical segmentation 2016 (% share of revenue)
    • Other prominent vendors
      • Table Duty-free retailing market in Europe: Other prominent vendors 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

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