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Duty Free Retailing in the Europe, 2015–2020; Market Dynamics, Retail Trends, and Competitive Landscape

Duty Free Retailing in the Americas, 2015–2020; Market Dynamics, Retail Trends, and Competitive Landscape

Summary

European duty free market declined during 2010–2015 affected by the Eurozone crisis but is expected grow at a faster pace during the next five years. The market has recorded consistent growth in terms of local currency driven by surge in international arrivals and duty free spending from emerging markets travelers, mainly Chinese, who splurge on duty free luxury goods shopping to take advantage of favorable exchange rates. These factors together with expansion of airport retail space, launch of innovative concepts, and integration of digital shopping will lead European duty free market to record 4.7% CAGR during 2015–2020. Duty free retailers are also optimistic towards the market and are expanding in busiest airports, such as Birmingham and Heathrow airports, with focus on enhancing in-store experience and convenience

Key Findings

  • The UK duty free retail market accounts for 24.8% of the total regional market, and is forecast to grow at a CAGR of 4.6% during 2015–2020, driven by growing tourism, spending from emerging market tourists and modernized duty free outlets
  • Euro weakness affected the region’s performance in US Dollar, but offers an opportunity for Asian and emerging market duty free shoppers
  • Increasing visits from Asian travelers, expansion of retail space in airports and opening of new duty free stores will lead Poland to produce the highest CAGR of 6.6% in the region
  • Health and beauty is the fastest growing category group in the region at 6.4%. Entry of new brands, allocation of higher retail space, and integration of technology will contribute to the growth
  • To boost Chinese spending, brands, duty free operators and airport authorities are stepping up their efforts, such as addition of their preferred payment system and new airline routes
Synopsis

The “Duty Free Retailing in the Europe, 2015–2020” report, published by Verdict Research, provides analysis of current and forecast market data for retail sales in different product categories sold through duty free channel in Europe.

What else does this report offer?
  • Current market sizes and forecasts to 2020 by country and category; covers 24 countries in Europe and 20 categories, including clothing, consumer electronics, drinks, footwear, homewares, jewelry, watches and accessories, luggage and leather goods, packaged food, health and beauty, photographic equipment, printed media, sports equipment, tobacco, toys and games, and others
  • Market insights based on consumer trends and changing economic and demographic factors on a regional and country basis
  • International arrivals by country and top 10 source countries for international arrivals in each country
  • Retail sales and fastest-growing markets for duty free channel
  • Category level retail sales and forecast growth rates for each country
  • Competitive landscape covering market share of major duty free operators in the region and their five year duty free sales and trading update analysis, duty free location wise latest developments, recent key events, and outlook
Reasons To Buy

Get immediate access to:
  • Get reliable duty free retail sales data on 24 countries in Europe for 2015 with forecasts for 2020, and identify the largest and fastest-growing markets to inform market expansion and to manage risk
  • Explore an in-depth analysis of duty free retail sales data by country and categories to spot and target key categories in each country, and use to plan growth opportunities and develop strategies for each
  • Learn from duty free retail trends and market drivers to customize your entry/expansion approach depending on the duty free retail landscape
  • Make country level comparisons to effectively target new revenue streams and align marketing strategies with the crucial trends influencing duty free spending in the region
  • Choose partners , understand the competition, with data and analysis of major duty free operators in the region, including market shares, trading performance, locations, latest developments, and the outlook for each


  • Highlights
  • Executive Summary
  • Europe Duty Free Retailing The Market
    • Market drivers in duty free in Europe
    • Duty free sales by country – (1/2)
      • Table Germany will continue to be the second-largest market
    • Top 10 largest markets in Europe
    • Share of each country in Europe's total duty free sales, 2015 and 2020
    • Poland is the fastest-growing market in Europe
    • Duty free category group sales* in the region 2015 & 2020 – (1/2)
      • Table Health and beauty, the second-largest market, to grow fastest
    • Duty free category sales* in Europe 2015 & 2020 – (1/2)
    • Duty free retail – Country summary
  • Europe Duty Free Retailing Trends
    • Duty free retail – Trends in Europe
    • Retail innovations in Europe
  • Europe – Duty Free Retailing Market Drivers
    • Market drivers – Inbound tourism
      • Table International arrivals to the Europe* (in million)
      • Table International arrivals by country to Austria (in millions)
      • Table International arrivals by country to Belgium in millions
      • Table International arrivals by country to Bulgaria in millions
      • Table International arrivals by country to Czech Republic in millions
      • Table International arrivals by country to Denmark in millions
      • Table International arrivals by country to Finland in millions
      • Table International arrivals by country to France in millions
      • Table International arrivals by country to Germany in millions
      • Table International arrivals by country to Greece in millions
      • Table International arrivals by country to Hungary in millions
      • Table International arrivals by country to Ireland in millions
      • Table International arrivals by country to Italy in millions
      • Table International arrivals by country to Netherlands in millions
      • Table International arrivals by country to Norway in millions
      • Table International arrivals by country to Poland in millions
      • Table International arrivals by country to Portugal in millions
      • Table International arrivals by country to Romania in millions
      • Table International arrivals by country to Russia in millions
      • Table International arrivals by country to Slovakia in millions
      • Table International arrivals by country to Spain in millions
      • Table International arrivals by country to Sweden in millions
      • Table International arrivals by country to Turkey in millions
      • Table International arrivals by country to Ukraine in millions
      • Table International arrivals by country to UK in millions
    • Market drivers – Consumer trends
      • Table How much did you spend on each type of product per visit?
  • Europe – Duty Free Retailing Major Operators in Europe
    • Duty free retail – major operators in Europe
    • Duty free retail – Dufry
      • Table Dufry trading record (CHF m), 2011–15
      • Table Dufry trading record (US$ m), 2011–15
      • Table Dufry pro-forma (US$ m), 2011–15
    • Duty free retail – Gebr. Heinemann
      • Table Gebr. Heinemann trading record (EURm & US$m), 2011–15
    • Duty free retail – Aelia Duty Free
    • Duty free retail – Aelia Group (LS Travel Retail)
      • Table Aelia Group (LS Travel Retail) trading record (EUR m), 2011–15
      • Table Aelia Group (LS Travel Retail) trading record (US$ m), 2011–15
    • Duty free retail – Aer Rianta International
      • Table Aer Rianta trading record (EUR m), 2011–15
      • Table Aer Rianta trading record (US$ m), 2011–15
  • Europe – Duty Free Retailing Category Sales by Country
    • Duty free category sales* 2015 & 2020 by country
    • Duty free category sales 2015 & 2020 by country
  • Appendix
    • Definitions
    • Methodology
    • Methodology and sample size

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