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.
Technavio’s global duty-free retailing market is segmented as below:
- Fashion apparel and accessories
- Cosmetics and perfumes
- Tobacco and alcoholic beverages
- Confectionery and fine foods
- Border, downtown, and hotel shops
- North America
- South America
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.
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.