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Allied Market Research

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
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Jun 2021 | 741 Views
 
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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.

 

COVID-19 Scenario Analysis: 

  • 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. 

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

  • 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

 

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. 
  • The report provides a detailed airport retailing market analysis based on competitive intensity and how the competition will take shape in coming years. 

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?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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