Global Duty-Free Retailing Market Size By Type (Fragrances & Cosmetics, Alcohol & Spirits, Fashion & Accessories, Tobacco Goods, Watches & Jewelry), By Distribution Channel (Airport, Onboard Aircraft, Ferries), By Geographic Scope And Forecast

Report ID: 1369|No. of Pages: 202

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Global Duty-Free Retailing Market Size By Type (Fragrances & Cosmetics, Alcohol & Spirits, Fashion & Accessories, Tobacco Goods, Watches & Jewelry), By Distribution Channel (Airport, Onboard Aircraft, Ferries), By Geographic Scope And Forecast

Report ID: 1369|Published Date: Oct 2024|No. of Pages: 202|Base Year for Estimate: 2024|Format:   Report available in PDF formatReport available in Excel Format

Duty-Free Retailing Market Size And Forecast

Duty-Free Retailing Market size was valued at USD 105.82 Billion in 2024 and is projected to reach USD 170.77 Billion by 2031, growing at a CAGR of 6.80% from 2024 to 2031.

  • Duty-free retailing refers to the sale of goods that are exempt from local or national taxes and duties, typically available at international airports, seaports, and onboard international flights, allowing travelers to purchase items without paying the usual import taxes.
  • Duty-free goods are sold without the imposition of customs duties, import taxes, or value-added taxes (VAT), making them cheaper than similar items available in regular retail outlets.
  • Common items sold in duty-free shops include alcohol, tobacco, perfumes, cosmetics, luxury goods, and souvenirs. The specific products available can vary by jurisdiction and store.
  • The duty-free retail sector is a significant contributor to non-aeronautical revenue for airports and travel-related businesses, helping fund infrastructure development and operational costs.

Duty-Free Reatiling Market is estimated to grow at a CAGR of 6.8% & reach USD 170.77 Billion by the end of 2031

Global Duty-Free Retailing Market Dynamics

The key market dynamics that are shaping the global duty-free retailing market include:

Key Drivers

  • Surge in International Travel and Tourism: The increasing number of international travelers is a primary driver for the duty-free retailing market. According to the United Nations World Tourism Organization (UNWTO), international tourist arrivals reached 1.5 billion in 2019, and while the COVID-19 pandemic impacted these numbers, recovery trends indicate a strong rebound in travel. This growth directly correlates with increased sales in duty-free shops.
  • Rising Disposable Incomes: As disposable incomes rise globally, particularly in emerging economies, more consumers are willing to spend on luxury and premium goods available at duty-free outlets. For instance, the International Monetary Fund (IMF) projects that global GDP will grow at an average rate of 3.5% annually from 2023 to 2027, contributing to increased consumer spending power.
  • Exemption from Excise Duties: The exemption from excise duties on premium products significantly drives demand for luxury items in duty-free shops. This pricing advantage attracts a broader customer base, including price-sensitive travelers seeking high-end products at lower prices.
  • Growth in E-commerce and Digital Solutions: The integration of e-commerce platforms into duty-free retailing allows travelers to pre-order products online for pickup at airports. This trend has been accelerated by the COVID-19 pandemic, leading to increased convenience and customer engagement. Major players like Dufry AG have established user-friendly websites to enhance the shopping experience.

Key Challenges:

  • Lack of Store Availability: Duty-free retailing is significantly constrained by limited store locations outside of airports and ships. While some retail establishments exist in border towns, they are far fewer in number compared to airport outlets. This limitation reduces accessibility for potential customers, impacting overall sales. According to Verified Market Research, the lack of store availability restricts duty-free companies’ exposure to end users.
  • Currency Exchange Rate Fluctuations: The duty-free retail market is highly sensitive to changes in currency exchange rates. As products are often priced in various currencies, fluctuations can affect purchasing power for travelers. This sensitivity can lead to increased prices for duty-free goods, making them less attractive to consumers. The impact of currency exchange rates is a significant concern for retailers operating internationally.
  • High Prices of Premium Products: Duty-free shops often offer premium products at higher price points, which can deter middle-class consumers from making purchases. Many consumers may prefer to buy similar items from superstores or online retailers where prices may be more competitive. This price sensitivity can hinder growth in the duty-free retail sector.
  • Regulatory Restrictions: Many countries have imposed stringent regulations on the sale of certain products, particularly tobacco goods, due to health concerns. These regulations can limit the range of products available in duty-free shops and affect sales volumes.

Key Market Trends:

  • Focus on Personalization and Customer Experience: Duty-free retailers are leveraging data analytics and targeted marketing to provide personalized product recommendations and exclusive offers based on customer data and purchase history. This trend is aimed at improving the overall shopping experience and fostering brand loyalty.
  • Emphasis on Sustainability and Eco-Friendly Initiatives: Consumers are becoming increasingly conscious of environmental issues, influencing their purchasing decisions in the duty-free sector. Retailers are adopting sustainable practices such as eco-friendly packaging, carbon-neutral products, and responsible sourcing of goods to align with the growing demand for green travel and shopping options.
  • Emphasis on Local and Authentic Products: There is a growing preference for locally sourced and authentic products in duty-free shops. Retailers are expanding their offerings to include items indigenous to the destination country, highlighting its distinct culture and traditions. According to the World Tourism Organization, international tourist arrivals reached 1.5 billion in 2019, with a significant portion of travelers seeking authentic experiences and local products.
  • Integration of E-commerce and Omnichannel Retailing: Duty-free retailers are adopting an omnichannel approach by combining online and physical stores. This allows travelers to pre-order goods online for pickup at the airport or reserve items for a more personalized shopping experience in-store.

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Global Duty-Free Retailing Market Regional Analysis

Here is a more detailed regional analysis of the global duty-free retailing market.

Asia Pacific:

  • Asia Pacific is dominating the Duty-Free Retailing Market and is expected to continue its growth throughout the forecast period. Recent developments in several Asian countries provide profitable prospects for existing and prospective duty-free retailers to sell a varied selection of unique products.
  • The expansion of low-cost airlines and new air routes has made travel more accessible, particularly for travelers from countries like China and India. In 2022, South Korea held the largest market share in Asia Pacific, accounting for about 27.65% of the duty-free retailing revenue, reflecting its strong position within the region.
  • The region is also witnessing a shift towards digital platforms for shopping, with consumers increasingly using mobile applications like Alipay and Paytm to facilitate their purchases. This trend aligns with the broader digitalization of retail, which is expected to continue driving growth in the sector.
  • Many airports in Asia Pacific are undergoing significant modernization and expansion, enhancing the retail space available for duty-free shops. For instance, major airports in India are investing heavily in infrastructure development to accommodate increasing passenger traffic and improve shopping experiences.

North America:

  • North America is expected to be the fastest-growing region during the forecast period.
  • Rising disposable incomes among consumers in North America further fuel demand for luxury goods available in duty-free shops. The IMF projects global GDP growth at an average rate of 3.5% annually from 2023 to 2027, enhancing consumer purchasing power.
  • the increasing trend of digital integration in retail is transforming the duty-free shopping experience. Retailers are adopting mobile apps and e-commerce platforms to facilitate pre-ordering and enhance customer engagement, aligning with broader trends in consumer behavior.
  • Ongoing investments in airport infrastructure and development projects provide potential for the establishment of new duty-free outlets, which will enhance travelers’ shopping experiences.

Global Duty-Free Retailing Market: Segmentation Analysis

The Global Duty-Free Retailing Market is segmented based on Type, Distribution Channel, And Geography.

Duty-Free Retailing Market Segments Analysis

Duty-Free Retailing Market, By Type

  • Fragrances & Cosmetics
  • Alcohol & Spirits
  • Fashion & Accessories
  • Tobacco Goods
  • Watches & Jewelry

Based on the Type, the market is bifurcated into Fragrances & Cosmetics, Alcohol & Spirits, Fashion & Accessories, Fashion & Accessories, and Watches & Jewelry. The Fragrances & Cosmetics segment is significantly dominating the duty-free retailing market. This segment has historically been one of the most sought-after product categories, commanding a significant share of the market. The Asia Pacific region, with its strong tourism sector, plays a key role in the prominence of Fragrances & Cosmetics within the Duty-Free Retailing Market.

Duty-Free Retailing Market, By Distribution Channel

  • Airport
  • Onboard Aircraft
  • Ferries

Based on the Distribution Channel, the market is bifurcated into Airport, Onboard Aircraft, and Ferries. The aircraft segment is significantly dominating the duty-free retailing market. The rising number of domestic and international airports globally is boosting product sales through this distribution channel. A significant increase in airport-based stores globally highlights the expanding trend of airport retail development.

Duty-Free Retailing Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the world

Based on Geography, the Global Duty-Free Retailing Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific is substantially dominating the duty-free retailing market and is expected to continue its growth throughout the forecast period. The low labor cost and favorable regulatory measures are projected to enable the region hold major share in the market

Key Players

The “Global Duty-Free Retailing Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Dufry, Lotte Duty-Free, Dubai Duty-Free, Lagardère Travel Retail, Aer Rianta International, China Duty Free Group, Duty Free Americas, Gebr. Heinemann Se & Co. Kg, Jr/ Duty Free, King Power International Group, The Shilla Duty Free, Safilo, Lotte Df Global Co., Ltd., and Lvmh Moët Hennessy Louis Vuitton S.E.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Duty-Free Retailing Market Recent Developments

Duty-Free Retailing Market Key Developments And Mergers

  • In October 2023, Lotte Duty-Free launched South Korea’s first experiential duty-free showroom, aiming to provide a more engaging shopping experience for travelers. This initiative reflects the company’s focus on adapting to changing consumer behaviors and preferences.
  • In July 2023, The Shilla Duty Free opened its new liquor, tobacco, and food store at Incheon International Airport’s Terminal 1. This store is part of a broader expansion effort following the company’s acquisition of two ten-year duty-free shop concessions at the airport, which began on July 1, 2023.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2021-2031

Base Year

2024

Forecast Period

2024-2031

Historical Period

2021-2023

Unit

Value (USD Billion)

Key Companies Profiled

Dufry, Lotte Duty-Free, Dubai Duty-Free, Lagardère Travel Retail, Aer Rianta International, China Duty Free Group, Duty Free Americas, Gebr. Heinemann Se & Co. Kg, Jr/ Duty Free, King Power International Group, The Shilla Duty Free, Safilo, Lotte Df Global Co., Ltd., and Lvmh Moët Hennessy Louis Vuitton S.E

Segments Covered
  • Type
  • Distribution Channel
  • Geography
Customization Scope

Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.

Research Methodology of Verified Market Research:

Research Methodology of VMR

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Customization of the Report

In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.

Frequently Asked Questions

Duty-Free Retailing Market size was valued at USD 105.82 Billion in 2024 and is projected to reach USD 170.77 Billion by 2031, growing at a CAGR of 6.80% from 2024 to 2031.

The driving factors of the Duty Free Retailing Market include increasing international travel, rising disposable incomes, and expanding duty-free zones at airports.

The major players are Dufry, Lotte Duty-Free, Dubai Duty-Free, Lagardère Travel Retail, Aer Rianta International, China Duty Free Group, Duty Free Americas, Gebr. Heinemann Se & Co. Kg, Jr/ Duty Free, King Power International Group, The Shilla Duty Free, Safilo, Lotte Df Global Co., Ltd., and Lvmh Moët Hennessy Louis Vuitton S.E.

The Global Duty-Free Retailing Market is segmented on the basis of Type, Distribution Channel, And Geography.

The sample report for the Duty-Free Retailing Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.

1…. Introduction. 11

1.1          Market Definition. 11

1.2          Market Segmentation. 12

1.3          Research Timelines. 13

1.4          Assumptions. 13

1.5          Limitations. 14

2…. Research Methodology. 15

2.1          Data Mining. 15

2.2          Secondary Research. 15

2.3          Primary Research. 15

2.4          Subject Matter Expert Advice. 15

2.5          Quality Check. 16

2.6          Final Review.. 16

2.7          Data Triangulation. 16

2.8          Bottom-Up Approach. 17

2.9          Top Down Approach. 17

2.10        Research Flow.. 18

2.11        Data Sources. 18

2.12        Primary Interviews. 19

2.12.1        Primary Interview Breakdown. 19

2.12.2        Primary Interviews Transcripts. 19

3…. Executive Summary. 20

3.1          Market Overview.. 20

3.2          Global Duty-Free Retailing Market 2017 V/S 2025. 21

3.3          Global Duty-Free Retailing Market Geographical Analysis. 22

3.4          Global Duty-Free Retailing Market, By Type (Usd Million) 23

3.5          Global Duty-Free Retailing Market, By Sales Channel (Usd Million) 24

3.6          Global Market Split 25

3.7          Country Cagrs, 2018 – 2025. 26

4…. Market Outlook. 27

4.1          Global Duty-Free Retailing Market Outlook. 27

4.2          Market Drivers. 28

4.2.1          Growing Global Travel And Tourism Activity. 28

4.2.2          Easy Access To Tax Free Quality Products. 29

4.3          Market Restraints. 29

4.3.1          Low Penetration Of Local Duty Free Retailers. 29

4.4          Market Opportunities. 30

4.4.1          Emergence Of Low Cost Airlines. 30

5…. Industry Trends. 31

5.1          Value Chain Analysis. 31

5.2          Porter’s Five Forces Analysis. 32

5.3          Regulatory Framework. 33

6…. Market, By Type. 34

6.1          Overview.. 34

6.2          Fragrances & Cosmetics. 35

6.3          Alcohol & Spirits. 35

6.4          Fashion & Accessories. 36

6.5          Tobacco Goods. 36

6.6          Watches & Jewellery. 36

6.7          Others. 36

7…. Market, By Sales Channel 37

7.1          Overview.. 37

7.2          Airport 38

7.3          Onboard Aircraft 38

7.4          Ferries. 39

7.5          Others. 39

8…. Market, By Geography. 40

8.1          Overview.. 40

8.2          North America. 42

8.2.1          U.S. 45

8.2.2          Canada. 46

8.2.3          Mexico. 47

8.3          Europe. 48

8.3.1          Germany. 51

8.3.2          Uk. 52

8.3.3          France. 53

8.4          Asia Pacific. 54

8.4.1          China. 57

8.4.2          Japan. 58

8.4.3          India. 59

8.5          Latin America. 60

8.5.1          Brazil 63

8.6          Rest Of The World. 64

9…. Company Landscape. 65

9.1          Company Market Share. 65

9.2          Vendor Landscape. 66

9.3          Key Development Strategies. 67

10. Company Profiles. 70
10.1        Dufry Ag. 70

10.1.1        Company Overview.. 70

10.1.2        Dufry Ag: Key Facts. 70

10.1.3        Financial Performance. 70

10.1.4        Product Benchmarking. 71

10.1.5        Swot Analysis: Dufry. 72

10.2        Lagardère Travel Retail Sas. 73

10.2.1        Company Overview.. 73

10.2.2        Lagardère Travel Retail Sas: Key Facts. 73

10.2.3        Financial Performance. 73

10.2.4        Product Benchmarking. 74

10.2.5        Swot Analysis: Lagardere Travel Retail Sas. 75

10.3        Lotte Df Global Co., Ltd. 76

10.3.1        Company Overview.. 76

10.3.2        Lotte Df Global Co., Ltd.: Key Facts. 76

10.3.3        Financial Performance. 76

10.3.4        Product Benchmarking. 77

10.3.5        Swot Analysis: Lotte Df Global Co., Ltd. 78

10.4        Lvmh Moët Hennessy Louis Vuitton S.E. 79

10.4.1        Company Overview.. 79

10.4.2        Lvmh Moët Hennessy Louis Vuitton S.E.: Key Facts. 79

10.4.3        Financial Performance. 80

10.4.4        Product Benchmarking. 81

10.4.5        Swot Analysis: Lvmh Moët Hennessy Louis Vuitton S.E. 81

10.5        Aer Rianta International 82

10.5.1        Company Overview.. 82

10.5.2        Aer Rianta International: Key Facts. 82

10.5.3        Product Benchmarking. 82

10.6        China Duty Free Group. 83

10.6.1        Company Overview.. 83

10.6.2        China Duty Free Group : Key Facts. 83

10.6.3        Product Benchmarking. 83

10.7        Dubai Duty Free. 84

10.7.1        Company Overview.. 84

10.7.2        Dubai Duty Free : Key Facts. 84

10.7.3        Product Benchmarking. 84

10.8        Duty Free Americas, Inc. 85

10.8.1        Company Overview.. 85

10.8.2        Duty Free Americas, Inc. : Key Facts. 85

10.8.3        Product Benchmarking. 85

10.9        Gebr. Heinemann Se & Co. Kg. 86

10.9.1        Company Overview.. 86

10.9.2        Gebr. Heinemann Se & Co. Kg: Key Facts. 86

10.9.3        Product Benchmarking. 86

10.10      Jr/ Duty Free. 87

10.10.1      Company Overview.. 87

10.10.2      Jr/ Duty Free: Key Facts. 87

10.10.3      Product Benchmarking. 87

10.11      King Power International Group. 88

10.11.1      Company Overview.. 88

10.11.2      King Power International Group: Key Facts. 88

10.11.3      Financial Performance. 88

10.11.4      Product Benchmarking. 89

10.12      The Shilla Duty Free. 90

10.12.1      Company Overview.. 90

10.12.2      The Shilla Duty Free: Key Facts. 90

10.12.3      Product Benchmarking. 90

10.13      Safilo. 91

10.13.1      Company Overview.. 91

10.13.2      Safilo: Key Facts. 91

10.13.3      Financial Performance. 91

10.13.4      Product Benchmarking. 92

11 KEY DEVELOPMENTS

11.1 Product Launches/Developments

11.2 Mergers and Acquisitions

11.3 Business Expansions

11.4 Partnerships and Collaborations

List Of Tables

Table 1           Global Duty-Free Retailing Market, By Type, 2016 – 2025 (Usd Million) 35

Table 2           Global Duty-Free Retailing Market, By Sales Channel, 2016 – 2025 (Usd Million)        38

Table 3           Global Duty-Free Retailing Market, By Geography, 2016 – 2025 (Usd Million)   41

Table 4           North America Duty-Free Retailing Market, By Country, 2016 – 2025 (Usd Million)       43

Table 5           North America Duty-Free Retailing Market, By Type, 2016 – 2025 (Usd Million)            44

Table 6           North America Duty-Free Retailing Market, By Sales Channel, 2016 – 2025 (Usd Million)            44

Table 7           U.S. Duty-Free Retailing Market, By Type, 2016 – 2025 (Usd Million)     45

Table 8           U.S. Duty-Free Retailing Market, By Sales Channel, 2016 – 2025 (Usd Million) 45

Table 9           Canada Duty-Free Retailing Market, By Type, 2016 – 2025 (Usd Million)          46

Table 10         Canada Duty-Free Retailing Market, By Sales Channel, 2016 – 2025 (Usd Million)      46

Table 11         Mexico Duty-Free Retailing Market, By Type, 2016 – 2025 (Usd Million)            47

Table 12         Mexico Duty-Free Retailing Market, By Sales Channel, 2016 – 2025 (Usd Million)        47

Table 13         Europe Duty-Free Retailing Market, By Country, 2016 – 2025 (Usd Million)       49

Table 14         Europe Duty-Free Retailing Market, By Type, 2016 – 2025 (Usd Million)            50

Table 15         Europe Duty-Free Retailing Market, By Sales Channel, 2016 – 2025 (Usd Million)       50

Table 16         Germany Duty-Free Retailing Market, By Type, 2016 – 2025 (Usd Million)         51

Table 17         Germany Duty-Free Retailing Market, By Sales Channel, 2016 – 2025 (Usd Million)    51

Table 18         Uk Duty-Free Retailing Market, By Type, 2016 – 2025 (Usd Million)       52

Table 19         Uk Duty-Free Retailing Market, By Sales Channel, 2016 – 2025 (Usd Million)   52

Table 20         France Duty-Free Retailing Market, By Type, 2016 – 2025 (Usd Million) 53

Table 21         France Duty-Free Retailing Market, By Sales Channel, 2016 – 2025 (Usd Million)        53

Table 22         Asia Pacific Duty-Free Retailing Market, By Country, 2016 – 2025 (Usd Million)           55

Table 23         Asia Pacific Duty-Free Retailing Market, By Type, 2016 – 2025 (Usd Million)    56

Table 24         Asia Pacific Duty-Free Retailing Market, By Sales Channel, 2016 – 2025 (Usd Million)            56

Table 25         China Duty-Free Retailing Market, By Type, 2016 – 2025 (Usd Million)  57

Table 26         China Duty-Free Retailing Market, By Sales Channel, 2016 – 2025 (Usd Million)         57

Table 27         Japan Duty-Free Retailing Market, By Type, 2016 – 2025 (Usd Million) 58

Table 28         Japan Duty-Free Retailing Market, By Sales Channel, 2016 – 2025 (Usd Million)         58

Table 29         India Duty-Free Retailing Market, By Type, 2016 – 2025 (Usd Million)   59

Table 30         India Duty-Free Retailing Market, By Sales Channel, 2016 – 2025 (Usd Million)           59

Table 31         Latin America Duty-Free Retailing Market, By Country, 2016 – 2025 (Usd Million)       61

Table 32         Latin America Duty-Free Retailing Market, By Type, 2016 – 2025 (Usd Million) 62

Table 33         Latin America Duty-Free Retailing Market, By Sales Channel, 2016 – 2025 (Usd Million)            62

Table 34         Brazil Duty-Free Retailing Market, By Type, 2016 – 2025 (Usd Million)  63

Table 35         Brazil Duty-Free Retailing Market, By Sales Channel, 2016 – 2025 (Usd Million)          63

Table 36         Rest Of The World Duty-Free Retailing Market, By Application, 2016 – 2025 (Usd Million)            64

Table 37         Rest Of The World Duty-Free Retailing Market, By Touchpoint, 2016 – 2025 (Usd Million)            64

Table 38         Vendor Landscape    66

Table 39         Key Develpoment Strategies 67

Table 40         Dufry Ag: Key Facts    70

Table 41         Dufry Ag: Financial Performance      70

Table 42         Dufry Ag : Product Benchmarking    71

Table 43         Lagardère Travel Retail Sas: Key Facts       73

Table 44         Lagardère Travel Retail Sas: Financial Performance         73

Table 45         Lagardère Travel Retail Sas: Product Benchmarking         74

Table 46         Lotte Df Global Co., Ltd.: Key Facts  76

Table 47         Lotte Df Global Co., Ltd.: Financial Performance    76

Table 48         Lotte Df Global Co., Ltd. : Product Benchmarking  77

Table 49         Lvmh Moët Hennessy Louis Vuitton S.E.: Key Facts           79

Table 50         Lvmh Moët Hennessy Louis Vuitton S.E.: Financial Performance 80

Table 51         Lvmh Moët Hennessy Louis Vuitton S.E.: Product Benchmarking 81

Table 52         Aer Rianta International: Key Facts 82

Table 53         Aer Rianta International: Product Benchmarking  82

Table 54         China Duty Free Group : Key Facts   83

Table 55         China Duty Free Group : Product Benchmarking    83

Table 56         Dubai Duty Free : Key Facts  84

Table 57         Dubai Duty Free: Product Benchmarking    84

Table 58         Duty Free Americas, Inc. : Key Facts 85

Table 59         Duty Free Americas, Inc. : Product Benchmarking  85

Table 60         Gebr. Heinemann Se & Co. Kg: Key Facts   86

Table 61         Gebr. Heinemann Se & Co. Kg : Product Benchmarking    86

Table 62         Jr/ Duty Free : Key Facts       87

Table 63         Jr/ Duty Free : Product Benchmarking         87

Table 64         King Power International Group: Key Facts 88

Table 65         King Power International Group: Financial Performance   88

Table 66         King Power International: Product Benchmarking 89

Table 67         The Shilla Duty Free : Product Benchmarking        90

Table 68         Safilo Group: Financial Performance           91

Table 69         Safilo Group : Product Benchmarking         92

List Of Figures

Figure 1          Global Duty-Free Retailing Market Segmentation  12

Figure 2          Research Timelines   13

Figure 3          Data Triangulation    16

Figure 4          Market Research Flow           18

Figure 5          Data Sources  18

Figure 6          Primary Interviews Breakdown         19

Figure 7          Primary Interviews Transcripts         19

Figure 8          Global Duty-Free Retailing Market Overview           20

Figure 9          Global Duty-Free Retailing Market (Usd Million) 2017 V/S 2025 21

Figure 10        Global Duty-Free Retailing Market Geographical Analysis, 2017 22

Figure 11        Global Duty-Free Retailing Market, By Type, 2017 Vs 2025 (Usd Million)           23

Figure 12        Global Duty-Free Retailing Market, By Sales Channel, 2017 Vs 2025 (Usd Million)       24

Figure 13        Asia Pacific Dominated The Market In 2017          25

Figure 14        Cagr By Country, 2018 – 2025         26

Figure 15        Global Duty-Free Retailing Market Outlook 27

Figure 16        Global International Tourist Arrivals 2005-2030 (Billion)  28

Figure 17        Value Chain Analysis 31

Figure 18        Porter’s Five Forces Analysis 32

Figure 19        Global Duty-Free Retailing Market, By Type            34

Figure 20        Global Duty-Free Retailing Market, By Sales Channel       37

Figure 21        Global Duty-Free Retailing Market, By Geography, 2016 – 2025 (Usd Million)   41

Figure 22        North America Market Snapshot      42

Figure 23        North America Duty-Free Retailing Market Share, By Country, 2017       43

Figure 24        Europe Market Snapshot      48

Figure 25        Europe Duty-Free Retailing Market, By Country, 2017       49

Figure 26        Asia Pacific Market Snapshot          54

Figure 27        Asia Pacific Duty-Free Retailing Market, By Country, 2017           55

Figure 28        Latin America Market Snapshot      60

Figure 29        Latin America Duty-Free Retailing Market, By Country, 2017       61

Figure 30        Company Market Share Analysis     65

Figure 31        Dufry Ag Performance, Revenue 2015 – 2017 (Chf Million)           71

Figure 32        Swot Analysis: Dufry  72

Figure 33        Lagardère Travel Retail Sas Performance, Revenue 2015 – 2017 (Euro Million) 74

Figure 34        Swot Analysis: Lagardere Travel Retail Sas            75

Figure 35        Lotte Df Global Co., Ltd. Performance, Revenue 2015 – 2017 (Krw Million)        77

Figure 36        Swot Analysis: Lotte Df Global Co., Ltd.       78

Figure 37        Lvmh Moët Hennessy Louis Vuitton S.E. Performance, Revenue 2015-2017 (Euro Billion)            80

Figure 38        Swot Analysis: Lvmh Moët Hennessy Louis Vuitton S.E.    81

Figure 39        King Power International Group Performance, Revenue 2014-2016 (Euro Million)        89

Figure 40        Safilo Group Performance, Revenue 2015-2017 (Euro Million)    92

Report Research Methodology

Research methodology

Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.

This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.

We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:

Exploratory data mining

Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.

All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.

expert data mining

For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.

Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.

Data Collection Matrix

PerspectivePrimary ResearchSecondary Research
Supplier side
  • Fabricators
  • Technology purveyors and wholesalers
  • Competitor company’s business reports and newsletters
  • Government publications and websites
  • Independent investigations
  • Economic and demographic specifics
Demand side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customer

Econometrics and data visualization model

data visualiztion model

Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.

All the research models are customized to the prerequisites shared by the global clients.

The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.

Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.

Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.

Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:

  • Market drivers and restraints, along with their current and expected impact
  • Raw material scenario and supply v/s price trends
  • Regulatory scenario and expected developments
  • Current capacity and expected capacity additions up to 2027

We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.

Primary validation

The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.

The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.

primary validation

Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:

  • Established market players
  • Raw data suppliers
  • Network participants such as distributors
  • End consumers

The aims of doing primary research are:

  • Verifying the collected data in terms of accuracy and reliability.
  • To understand the ongoing market trends and to foresee the future market growth patterns.

Industry Analysis Matrix

Qualitative analysisQuantitative analysis
  • Global industry landscape and trends
  • Market momentum and key issues
  • Technology landscape
  • Market’s emerging opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2027
  • Market revenue estimates and forecasts up to 2027, by technology
  • Market revenue estimates and forecasts up to 2027, by application
  • Market revenue estimates and forecasts up to 2027, by type
  • Market revenue estimates and forecasts up to 2027, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Duty-Free Retailing Market

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