Travel Retail Market Overview:
The Travel Retail Market research provides a full competition picture, including market share and company profiles of the major players in the worldwide industry. The scope of the research covers a complete examination of the Travel Retail Market, as well as the causes for variances in the industry’s growth in different areas.
Expected Revenue Growth:
Travel Retail Market size was valued at US$ 53.82 Bn. in 2021 and the total Global Travel Retail revenue is expected to grow by 9.2% from 2022 to 2029, reaching nearly US$ 108.82 Bn.
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Travel Retail Market Scope:
To locate and collect material appropriate for this study, this research study makes considerable use of secondary sources, directories, and databases such as annual reports, press releases, journals, corporate websites, and databases.
This Travel Retail market report covers new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographies, and product approvals, product launches. To learn more about Maximize Market Research window sensors market, please contact us for an Analyst Brief; our experts will assist you in making an informed market choice to achieve your goals.
Travel Retail Market Segmentation:
By Sales Channel Segment, the airport industry dominated the market in 2021, with the biggest market share. As a result of decreased prices and improved living conditions, it is projected that an increasing number of air travellers would contribute to segment growth. Additionally, efforts by numerous airports to boost non-aeronautical resource profitability have fueled the expansion of this segment’s retail market. The category of border, downtown, and hotel retailers is anticipated to experience the fastest growth over the forecasting period. These kinds of shops showcase the newest fashion trends. Contrary to the airport area, rentals are lower for retailers in border and downtown areas.
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Key Competitors:
The entire approach involves a review of the financial reports of the major market participants. Following the determination of the overall market size, the complete market was divided into many segments and sub-segments and checked with key industry professionals such as CEOs, VPs, directors, and marketing executives. The major players in the Travel Retail market are
• Dufry Group
• Lotte Duty-Free
• The Shilla Duty-Free
• China Duty-Free Group
• Lagardére Travel Retail
• DFS Group
• Gebr Heinemann
• Shinsegae Duty-Free
• King Power International Group (Thailand)
• Ever Rich Duty-Free Shop
• Dubai Duty-Free
• Duty-Free Americas
• Aer Rianta International
• WHSmith
• Japan Airport Terminal Co
Regional Analysis:
The region portion of the Travel Retail market study also includes individual market affecting elements and changes in legislation in the market that affect present and future market trends. Current and future trends are discussed in order to estimate the entire market potential and to highlight profitable trends in order to obtain a firmer footing. Geographic market assessment is based on the existing scenario and predicted developments.
COVID-19 Impact Analysis on Travel Retail Market:
Following the outbreak of the pandemic, end-user sectors where Travel Retail are used had a fall in growth from January to May in a variety of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a suspension in operations. This resulted in a major decrease in the revenues of firms operating in these industries and, as a consequence, in demand for Travel Retail manufacturers, influencing the growth of the Travel Retail market in 2020. With lockdowns and a rising number of COVID-19 cases throughout the world, the demand for Travel Retail from end-user businesses has decreased significantly.
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Key Questions answered in the Travel Retail Market Report are:
- Which are the major companies in the Travel Retail market?
- Which is the potential market for Travel Retail in terms of the region?
- What are the opportunities for new market entrants?
- What is expected to drive the growth of the market in the next seven years?
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