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Airport Retailing Market Type (Direct Retailer, Department Store, Specialty Retailer, Supermarkets) Airport Size (Large Airport, Medium Airport, Small Airport) Category (Liquor & Tobacco, Perfumes &Cosmetics, Fashion & Accessories, Food & Beverages, Others) : Global Opportunity Analysis and Industry Forecast, 2020-2027
| A07942 | Pages: NA | Jun 2021 | 741 Views | | |
| Author(s) : NA | Tables: NA | Charts: NA | Formats*: | |
COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Airport Retailing Market
Request Now !Airport retailing market refers to the existence of several retail services of the products in the airport to provide enhanced convenience to the travelers. Airport retailing also offers a wider range of merchandise and is a relatively easy choice for travelers. Airport retailing may also include several services such as hotels, nursing homes, car rental outlets, banks, drugstores, and other stores such as jewelry, books and magazines, gifts and crafts, clothing & accessories, convenience stores, and perfumes. It has become one of the important strategies of companies to promote and raise awareness about their brand in the Airport. Airports, where airline tickets are low, are not capable of generating high aeronautical revenue. Consequently, switch to non-aeronautical companies such as retail outlets, restaurants, bars and cafeterias.
Market scope and structure analysis:
         Report Metric |                      Details |
 Market size available for years |  2020–2027 |
 Base year considered |  2019 |
 Forecast period |  2021–2027 |
 Forecast units |  Value ($US) |
 Segments covered |  Type, Airport Size, Category, and Region |
 Regions covered | North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA) |
 Companies covered | Lagardere Travel Retail, Baltona Duty Free, Autogrill, Regstaer Duty Free, Dufry, Gebr Heinemann, DFS Group, Hugo Boss, Levi's, Lacoste, Le Bridge Duty Free, Bahrain Duty Free Shop Complex (BSC), Duty Free Americas, and Dubai Duty Free. |
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COVID-19 Scenario Analysis:Â
- The worldwide pandemic occurrence has significantly reduced the demand for retailing at airport.
- Suspension of all passenger flights as per government guidelines which lead to loss of air traffic harms the revenue of airport retailing market as consumers are quarantined in their homes.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Rise in disposable income, accessibility of luxury products at affordable prices, and increase in number of passengers are also expected to fuel the growth of the airport retailing market.
Upsurge in the tourism sector, affordable airfares, increased airport investment to expand retail spaces and the introduction of new terminals is expected to witness immense growth in the airport retailing market. Inclination of consumer toward a luxurious lifestyle is one of the factors that drive the growth of the airport retailing market.
Airport retail store is duty-free, which typically means these stores are excluded from the payment of national or local taxes which urges the demand for retailing store in the airport.
The introduction of high-end airports in some countries is one of the factors expected to boost the growth of the airport retailing market at a significant rate.Â
The global Market Trend are as follows:
- The time that passengers spend at airports has also increased due to security and operational concerns due to the early check-in times set by airlines. This offers retailers a platform for efficient selling of products. Effective prices and the presence of large brands at discounted prices are vital factors that encourage travelers to buy from airport retail stores. Travelers can purchase products at cheaper rates from airport stores. Brands are tailoring their offers to help travelers to improve their shopping experience.
- Retailers and operators are expanding their e-commerce presence with the emergence of increase in demand for online services. They implement various strategies to reap the benefits of growing demand for duty-free online purchases.
- Airport retailers have introduced airside stores with innovation and upgraded technology. Interactive mirrors, artificial intelligence, and virtual reality are increasingly being used to provide shoppers with ever-higher expectations of their shopping and travel experiences an immersive experience.
Key Segments Covered:
       Segments |                 Sub-segments |
 Type |
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 Airport Size |
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 Category |
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Key Benefits of the Report:
- This study presents the analytical depiction of the airport retailing industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the airport retailing market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global airport retailing market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.Â
- The report provides a detailed airport retailing market analysis based on competitive intensity and how the competition will take shape in coming years.Â
Questions Answered in the Airport Retailing Market Research Report:
- What are the leading market players active in the airport retailing market?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
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