Travel Retail Market Overview:
Maximize Market Research, a Travel Retail business research firm has published a report on the “Travel Retail Market”. Which provides Industry Analysis (Market Performance, Segments, Price Analysis, and Outlook).
Estimated Growth Rate for Travel Retail Market:
Travel Retail Market size was valued at US$ 64.17 Bn. in 2023 and the total Global Travel Retail revenue is expected to grow by 9.2% from 2024 to 2030, reaching nearly US$ 118.83 Bn.
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Travel Retail Market Report Scope and Research Methodology:
The scope of the Travel Retail Market analysis encompasses diverse factors, including geographical regions, industry segments, traveller types, and travel service offerings. Research methodologies integrate primary and secondary data collection, employing surveys, interviews, and analysis of industry reports and databases. Assessing the Travel Retail Market scope involves examining the volume and value of business travel transactions, covering expenditures on transportation, accommodation, dining, and ancillary services. Methodologies aim to identify key trends, challenges, and opportunities influencing the market landscape. This comprehensive approach provides valuable insights for strategic decision-making, aiding businesses in navigating the complexities of the Travel Retail Market sector and capitalizing on growth prospects.
Travel Retail Market Regional Insights:
Improved dependability and increasing demand drive growth in the Travel Retail Market, particularly in North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Geographical observations help investors identify opportunities, with regional evaluations highlighting crucial strategies like mergers and acquisitions. Understanding regional dynamics enables stakeholders to tailor their approaches, leveraging growth prospects and addressing specific Travel Retail Market needs. This insight is vital for informed decision-making and strategic planning across diverse geographic landscapes.
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Travel Retail Market Segmentation:
by Product
Fashion and accessories
Perfume and cosmetics
Electronics
Food
Confectionery products
Bakery products
Catering
Luxury goods
Watches
Jewelry
Wine spirits
Tobacco
Others
By Product Segment The perfume and cosmetics segment had the highest revenue share in 2023 due to increased sales of numerous personal care products through multiple retail outlets. L'Oreal and other cosmetics brands are establishing new boutiques in airports across the globe. This aspect is projected to accelerate segment expansion even further. Wine and spirits were the second-largest category in 2023 and are predicted to expand rapidly in the coming years. Alcoholic spirits are among the most commonly purchased items through duty-free retailers since they are less expensive there.
by Sector
Duty-Free
Duty Paid
by Sales Channel
Airport
Cruise Liner
Railway Station and Border
Downtown and Hotel Shop
In terms of sales channel segmentation, the airport sector led the market in 2023, accounting for the greatest market share. As expenses fall and living conditions improve, an increasing number of air passengers are expected to contribute to segment growth. Furthermore, many airports' endeavors to boost revenue from non-aeronautical resources have fueled the expansion of this segment's retail sector. The border, downtown, and hotel stores sector is expected to increase the fastest over the projected period. These kind of stores reflect the most recent trends. Retailers profit from lower rents in border and downtown neighborhoods, as opposed to the airport area.
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Table of Content: Travel Retail Market
Part 01: Executive Summary
Part 02: Scope of the Travel Retail Market Report
Part 03: Global Travel Retail Market Landscape
Part 04: Global Travel Retail Market Sizing
Part 05: Global Travel Retail Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Travel Retail Market Key Players:
1. Dufry Group
2.Lotte Duty-Free
3. The Shilla Duty-Free
4. China Duty-Free Group
5. Lagardére Travel Retail
6. DFS Group
7. Gebr Heinemann
8. Shinsegae Duty-Free
9. King Power International Group (Thailand)
10. Ever Rich Duty-Free Shop
Key questions answered in the Travel Retail Market are:
- Who are the leading companies and what are their portfolios in Travel Retail Market?
- What segments are covered in the Travel Retail Market?
- Who are the key players in the Travel Retail Market?
- What is Travel Retail Market?
- What was the Travel Retail Market size in 2023?
- What is the growth rate of the Travel Retail Market?
- Which are the factors expected to drive the Travel Retail Market growth?
- What are the different segments of the Travel Retail Market?
- What growth strategies are the players considering to increase their presence in Travel Retail Market?
- What are the upcoming industry applications and trends for the Travel Retail Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Travel Retail Market?
- What segments are covered in the Travel Retail Market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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