Global Airport Retailing, 2018-2028

Global Airport Retailing, 2018-2028

Summary

This report provides an overview of the Global Airport Retailing which includes analysis, drivers, inhibitors, market forecasts, brands and trends in the Global Airport Retailing 2018-2028

In 2023, the airport retail market is expected to have grown 17.9% to reach $35.2bn, now far surpassing the value of the market in 2019. The global airport market is expected to grow 13.0% in 2024 gradually softening year-on-year, with a CAGR of 9.6% between 2023 and 2028 to reach $55.7bn in 2028. Rising demand for beauty products is expected to surpass other categories in the coming years, driven by the convenience of buying and carrying these items while traveling, unlike bulkier goods such as alcoholic beverages and food. Airport retailers are also adopting digital initiatives to enhance the customer experience and streamline in-store operations. This includes virtual assistance, chatbots, and mobile apps - equipped with beacon technology to send personalized notifications and offers to travelers as they navigate through the airport. Local e-wallets also improve the efficiency of transactions within airports

Scope

Rising passenger numbers fuel the Asia-Pacific region, which takes the greatest share of the global airport retail market
Soaring demand for beauty products will remain the largest airport category across regions
Airport expansion encourages travel retailers to adopt digital innovation

Reasons to Buy

• Gain a comprehensive knowledge on global airport retail market and develop a competitive advantage
• Investigate current trends in the global airport retail market to identify the best opportunities to exploit these trends
• Align your product offerings and strategies to meet demand by analyzing the key consumer and technology trends influencing the airport retail market globally
• Align your marketing strategies with the crucial trends influencing consumer behavior
• Analysis of key international players operating in Global Duty Fee retail market — including store counts and revenues that give you a competitive edge and identify opportunities to improve your market share