Global Duty-free Retailing Market 2020-2024

Global Duty-Free Retailing Market 2020-2024

Technavio has been monitoring the global duty-free retailing market and it is poised to grow by USD 53.5 billion during 2020-2024, progressing at a CAGR of 9% during the forecast period. Our reports on duty-free retailing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current APAC, Europe, MEA, North America, and South America market scenario, latest trends and drivers, and the overall market environment. The market is driven by Growing number of retail stores offering duty-free products. In addition, growing M&A activities is anticipated to boost the growth of the duty-free retailing market as well.

Market Segmentation

Technavio’s global 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
Geographic segmentation
  • APAC
  • Europe
  • North America
  • South America
  • MEA
Key Trends for duty-free retailing market growth

This study identifies growing M&A activities as the prime reasons driving the duty-free retailing market growth during the next few years.

Prominent vendors in duty-free retailing market

We provide a detailed analysis of around 25 vendors operating in the duty-free retailing market, including some of the vendors such as 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.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

About Technavio

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Parent market
        • Table Parent market
    • Market characteristics
      • Table Market characteristics
  • Market Sizing
    • Market definition
      • Table Product / Service portfolio of key vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024
      • Table Global - Market size and forecast 2019 - 2024 ($ billion)
      • Table Global market: Year-over-year growth 2019 - 2024 (%)
  • Five Forces Analysis
    • Five Forces Summary
      • Table Five forces analysis 2019 & 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market Segmentation by Product
    • Market segments
      • Table Product placement - Market share 2019-2024 (%)
    • Comparison by Product placement
      • Table Comparison by Product placement
    • Fashion apparel and accessories - Market size and forecast 2019-2024
      • Table Fashion apparel and accessories - Market size and forecast 2019-2024 ($ billion)
      • Table Fashion apparel and accessories - Year-over-year growth 2019-2024 (%)
    • Cosmetics and perfumes - Market size and forecast 2019-2024
      • Table Cosmetics and perfumes - Market size and forecast 2019-2024 ($ billion)
      • Table Cosmetics and perfumes - Year-over-year growth 2019-2024 (%)
    • Tobacco and alcoholic beverages - Market size and forecast 2019-2024
      • Table Tobacco and alcoholic beverages - Market size and forecast 2019-2024 ($ billion)
      • Table Tobacco and alcoholic beverages - Year-over-year growth 2019-2024 (%)
    • Confectionery and fine foods - Market size and forecast 2019-2024
      • Table Confectionery and fine foods - Market size and forecast 2019-2024 ($ billion)
      • Table Confectionery and fine foods - Year-over-year growth 2019-2024 (%)
    • Market opportunity by Product
      • Table Market opportunity by Product
  • Market Segmentation by Distribution channel
    • Market segments
      • Table Distribution channel - Market share 2019-2024 (%)
    • Comparison by Distribution channel
      • Table Comparison by Distribution channel
    • Airports - Market size and forecast 2019-2024
      • Table Airports - Market size and forecast 2019-2024 ($ billion)
      • Table Airports - Year-over-year growth 2019-2024 (%)
    • Border, downtown, and hotel shops - Market size and forecast 2019-2024
      • Table Border, downtown, and hotel shops - Market size and forecast 2019-2024 ($ billion)
      • Table Border, downtown, and hotel shops - Year-over-year growth 2019-2024 (%)
    • Others - Market size and forecast 2019-2024
      • Table Others - Market size and forecast 2019-2024 ($ billion)
      • Table Others - Year-over-year growth 2019-2024 (%)
    • Market opportunity by Distribution channel
      • Table Market opportunity by Distribution channel
  • Customer landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ billion)
      • Table APAC - Year-over-year growth 2019-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ billion)
      • Table Europe - Year-over-year growth 2019-2024 (%)
    • North America - Market size and forecast 2019-2024
      • Table North America - Market size and forecast 2019-2024 ($ billion)
      • Table North America - Year-over-year growth 2019-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ billion)
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019-2024
      • Table South America - Market size and forecast 2019-2024 ($ billion)
      • Table South America - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography ($ billion)
  • Drivers, Challenges, and Trends
    • Volume driver – Demand led growth
      • Exemption of excise duty on premium products
      • Growing international tourism
      • Growing number of retail stores offering duty-free products
    • Market challenges
      • Restriction on baggage weight in flights
      • Minimal focus on shopping at point of travel
      • Stringent government regulations on duty-free tobacco products
        • Table Impact of drivers and challenges
    • Market trends
      • High growth rate of duty-free retailing in developing regions
      • Growing M&A activities
      • High penetration of global brands
  • Vendor Landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
    • Competitive scenario
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • DFS Group Ltd.
      • Table DFS Group Ltd. – Overview
      • Table DFS Group Ltd. - Product and service
      • Table DFS Group Ltd. - Key offerings
    • Dubai Duty Free
      • Table Dubai Duty Free – Overview
      • Table Dubai Duty Free - Product and service
      • Table Dubai Duty Free - Key offerings
    • Dufry Ltd.
      • Table Dufry Ltd. – Overview
      • Table Dufry Ltd. - Business segments
      • Table Dufry Ltd. – Organizational development
      • Table Dufry Ltd. - Key offerings
      • Table Dufry Ltd. - Segment focus
    • Gebr. Heinemann SE & Co. KG
      • Table Gebr. Heinemann SE & Co. KG – Overview
      • Table Gebr. Heinemann SE & Co. KG - Business segments
      • Table Gebr. Heinemann SE & Co. KG – Organizational development
      • Table Gebr. Heinemann SE & Co. KG - Key offerings
      • Table Gebr. Heinemann SE & Co. KG - Segment focus
    • HOTEL SHILLA Co. Ltd.
      • Table HOTEL SHILLA Co. Ltd. – Overview
      • Table HOTEL SHILLA Co. Ltd. - Business segments
      • Table HOTEL SHILLA Co. Ltd. - Key offerings
    • JR /Group
      • Table JR /Group - Overview
      • Table JR /Group - Product and service
      • Table JR /Group - Key offerings
    • King Power International Co. Ltd.
      • Table King Power International Co. Ltd. – Overview
      • Table King Power International Co. Ltd. - Product and service
      • Table King Power International Co. Ltd. - Key offerings
    • Lagardère Group
      • Table Lagardère Group – Overview
      • Table Lagardère Group - Business segments
      • Table Lagardère Group – Organizational development
      • Table Lagardère Group - Key offerings
    • LOTTE SHOPPING Co. Ltd.
      • Table LOTTE SHOPPING Co. Ltd. – Overview
      • Table LOTTE SHOPPING Co. Ltd. - Business segments
      • Table LOTTE SHOPPING Co. Ltd. - Key offerings
      • Table LOTTE SHOPPING Co. Ltd. - Segment focus
    • LVMH Moët Hennessy - Louis Vuitton SE
      • Table LVMH Moët Hennessy - Louis Vuitton SE – Overview
      • Table LVMH Moët Hennessy - Louis Vuitton SE - Business segments
      • Table LVMH Moët Hennessy - Louis Vuitton SE – Organizational development
      • Table LVMH Moët Hennessy - Louis Vuitton SE - Key offerings
      • Table LVMH Moët Hennessy - Louis Vuitton SE - Segment focus
  • Appendix
    • Scope of the report
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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