Global Duty-free Retailing Market 2024-2028

Global Duty-free Retailing Market 2024-2028

The duty-free retailing market is forecasted to grow by USD 33.93 bn during 2023-2028, accelerating at a CAGR of 11.28% during the forecast period. The report on the 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 market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing international tourism, growing number of retail stores offering duty-free products, and exemption of excise duty on premium products.

Technavio's duty-free retailing market is segmented as below:

By Product

• Cosmetics and perfumes
• Fashion apparel and accessories
• Tobacco and alcoholic beverages
• Confectionery and fine foods

By Distribution Channel

• Airport
• Border/downtown/hotel
• Others

By Geographical Landscape

• APAC
• Europe
• North America
• Middle East and Africa
• South America

This study identifies the growing focus on enhancing shopping experience of travelers as one of the prime reasons driving the duty-free retailing market growth during the next few years. Also, rising expansion of duty-free stores and high growth rate of duty-free retailing in developing regions will lead to sizable demand in the market.

The report on the duty-free retailing market covers the following areas:

• Duty-free retailing market sizing
• Duty-free retailing market forecast
• Duty-free retailing market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading duty-free retailing market vendors that include 3Sixty Duty Free, Aer Rianta International, Avolta AG, China international travel service co. LTD., Delhi Duty Free Services Pvt. Ltd., DFS Group Ltd., Dubai Duty Free, Duty Free Americas Inc., Duty Free Philippines Corp., Ever Rich Duty Free Shop, Flemingo International, Gebr. Heinemann SE and Co. KG, Hyundai Department Store Group Co. Ltd., James Richardson Group, Lagardere SA, Lotte Corp., Mumbai Duty Free, SHINSEGAE INTERNATIONAL, The Shilla Duty free, Changi Airport Group Singapore Pte. Ltd., Japan Airport Terminal Co. Ltd., King Power Group, and Qatar Airways. Also, the duty-free retailing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

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.

The publisher 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. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.