Duty-free Retailing Market 2021: Global Size, Key Manufacturers, Upcoming Trends, Growth and Regional Forecasts Research

Duty-free

 Duty-free Retailing Market Report 2019 defines the basic characteristics of the industry and market statistics. The latest development in technology, strategies, Duty-free Retailing Market business plans, possibilities for growth and risks to the sector are being included. The report contains market forecasts related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. This report will assist in analysing the current and future business trends, sales and revenue forecast. Duty-free Retailing Market is expected to grow at  CAGR of 6.06% from 2017 to 2021.

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About Duty-free Retailing

Duty-free retailers are those that are exempted from certain local and national taxes and duties because they sell goods to international travelers. However, taxes may be imposed on duty-free goods when buyers reach their country of destination or when the quantity of the goods exceeds certain set limits. These retailers operate at international airports and seaports, border towns, train stations, and onboard aircraft and ships. These retailers offer products such as perfumes, cosmetics, alcohol, cigarettes, chocolates, electronics, and accessories. The duty-free retailing Market in Europe is expected to grow significantly during the forecast period, due to the expansion in international airports and increasing number of passengers.

Industry analysts forecast the duty-free retailing Market in Europe to grow at a CAGR of 6.06% during the period 2017-2021.

Market driver

  • Premium product offerings and exemption from excise duties
  • For a full, detailed list, view our report

Market challenge

  • Low consumer interest in shopping at travel points
  • For a full, detailed list, view our report

Market trend

  • Entry of global brands in European Market
  • For a full, detailed list, view our report

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Key Players

  • daa (Aer Rianta International)
  • Dufry
  • Lagardère
  • LVMH
  • China Duty-free Group
  • Dubai Duty-free
  • Duty-free Americas
  • Gebr. Heinemann
  • JR/Group (James Richardson)
  • King Power International
  • and THE SHILLA DUTY-FREE
  • Duty-free Retailing Market report also covers all the regions and countries of the world, which shows a regional development status. Regional Segmentation:

    • North America (U.S., Canada, Mexico)
    • Europe (Germany, U.K., France, Italy, Russia, Spain, etc.)
    • Asia-Pacific (China, India, Japan, Southeast Asia, etc.)
    • South America (Brazil, Argentina, etc.)
    • Middle East & Africa (Saudi Arabia, South Africa, etc.)

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    The objective of this Duty-free Retailing market research report is: –

    • To provide actionable intelligence alongside the market size of various segments.
    • To detail major factors influencing the market (drivers, opportunities, industry-specific challenges, and other critical issues).
    • To determine the geographic breakdown of the market in terms of detailed analysis and impact.
    • To analyze business dimensions with an eye on individual growth trends and contribution of upcoming market segments.
    • To track the competitive landscape of the market.

    Finally, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.

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