MarketResearchNest.com
adds “Global Duty Free Retailing Market
Growth (Status and Outlook) 2019-2024”new report to its research database.
This report studies the Duty-Free Retailing market.
Duty-free shops (or stores) are retail outlets that are exempt from the payment
of certain local or national taxes and duties, on the requirement that the
goods sold will be sold to travelers who will take them out of the country.
Which products can be sold duty-free vary by jurisdiction, as well as how they
can be sold, and the process of calculating the duty or refunding the duty
component.
However, some countries impose duty on goods brought into
the country, though they had been bought duty-free in another country, or when
the value or quantity of such goods exceed an allowed limit. Duty-free shops
are often found in the international zone of international airports, sea ports,
and train stations but goods can also be bought duty-free on board airplanes
and passenger ships. They are not as commonly available for road or train
travelers, although several border crossings between the United States and both
Canada and Mexico have duty-free shops for car travelers. In some countries,
any shop can participate in a reimbursement system, such as Global Blue and
Premier Tax Free, wherein a sum equivalent to the tax is paid, but then the
goods are presented to customs and the sum reimbursed on exit.
Asia Pacific ranks
the top in terms of global market size of Duty-Free Retailing, it consists of
26.1% of the international market in 2016. North America comes the second,
with 22.4% of the global market. Middle East and Africa together consist of
16.2% of the Duty-Free Retailing market in the same year.
Dufry ranks the first
in terms of revenue share in Global market of Duty-Free Retailing, occupies
22.29% of market share in 2016; While, Lotte Duty Free, with a market share of
12.07%, comes the second; All the other manufacturers which are not
included in the report together only consist of approximately 5.60% of the
global market in 2016..
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According to this study, over the next five years the Duty
Free Retailing market will register a xx% CAGR in terms of revenue, the global
market size will reach US$ xx million by 2024, from US$ xx million in 2019. In
particular, this report presents the global revenue market share of key
companies in Duty Free Retailing business, shared in Chapter 3.
This report presents a comprehensive overview, market shares
and growth opportunities of Duty Free Retailing market by product type,
application, key companies and key regions.
This study considers
the Duty Free Retailing value and volume generated from the sales of the
following segments:
Segmentation by
product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to
2024 in section 10.7.
·
Perfumes
·
Cosmetics
·
Cigarettes
·
Others
Segmentation by
application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to
2024 in section 10.8.
·
Airports
·
Onboard
Aircraft
·
Seaports
·
Train
Stations
·
Others
This report also
splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas, United States, Canada, Mexico, Brazil, APAC,
China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France,
UK, Italy, Russia, Spain, Middle East and Africa, Egypt, South Africa, Israel,
Turkey, GCC Countries
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The report also
presents the market competition landscape and a corresponding detailed analysis
of the major vendor/manufacturers in the market. The key manufacturers covered
in this report: Breakdown data in in Chapter 3.
·
Dufry
·
Lagardère Travel Retail
·
Lotte Duty Free
·
LVMH
·
Aer Rianta International (ARI)
·
China Duty Free Group
·
Dubai Duty Free
·
Duty Free Americas
·
Gebr. Heinemann
·
JR/Group (James Richardson)
·
King Power International Group (Thailand)
·
The Shilla Duty Free
In addition, this
report discusses the key drivers influencing market growth, opportunities, the
challenges and the risks faced by key players and the market as a whole. It
also analyzes key emerging trends and their impact on present and future
development.
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Research objectives
·
To study and analyze the global Duty Free
Retailing market size by key regions/countries, product type and application,
history data from 2014 to 2018, and forecast to 2024.
·
To understand the structure of Duty Free
Retailing market by identifying its various subsegments.
·
Focuses on the key global Duty Free Retailing
players, to define, describe and analyze the value, market share, market
competition landscape, SWOT analysis and development plans in next few years.
·
To analyze the Duty Free Retailing with respect
to individual growth trends, future prospects, and their contribution to the
total market.
·
To share detailed information about the key
factors influencing the growth of the market (growth potential, opportunities,
drivers, industry-specific challenges and risks).
·
To project the size of Duty Free Retailing
submarkets, with respect to key regions (along with their respective key
countries).
·
To analyze competitive developments such as
expansions, agreements, new product launches and acquisitions in the market.
·
To strategically profile the key players and
comprehensively analyze their growth strategies.
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