Global Travel Retail Industry to 2025

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DUBLIN, July 23, 2021 / PRNewswire / – The “Global Retail Market: Size and Forecast with Impact Analysis of COVID-19, 2021-2025” report was added to ResearchAndMarkets.com offer.

This report provides in-depth analysis of the global travel retail market by value, product type, channel, region, etc. The report provides detailed regional analysis of the travel retail market including the following regions: Asia Pacific (China, Korea and rest of Asia Pacific); Europe; Americas; and Middle East and Africa. The report also provides a detailed analysis of the impact of COVID-19 on the travel retail market.

The report also assesses the key opportunities in the market and describes the factors which are and are said to be driving the growth of the industry. Growth of the overall global travel retail market has also been forecast for the period 2021-2025, taking into account previous growth patterns, growth drivers, and current and future trends.

The global travel retail market is fragmented with many major market players operating across the globe. The main players in the travel retail market are Dufry AG, Hotel Shilla Co., Ltd (The Shilla Duty Free), Lagardere SCA and Lotte Corporation (Lotte Duty Free) are also presented with their respective financial information and business strategies.

The global travel retail market has grown significantly in the years 2017-2019, then the market significantly decreased in 2020 and then gradually increase over the next four years, which is 2021-2025. The travel retail market is expected to increase due to the dominance of Gen Z and millennial population, increasing global urbanization, increasing middle class population, increasing personal consumption of luxury goods, the increase in the number of airports, the increase in travel offers, increasing alternatives to pass the waiting time, etc. Yet the market is facing some challenges such as disruption of tourism industry, economic downturn, lack of space availability, tedious demands of air travel, etc.

Retail is the retail market primarily in travel areas like airports, airlines, ferries etc. Products intended for sale on these platforms may or may not be subject to taxes and duties, upon purchase, even if the person leaves the country. The concept of travel retail dates back to 1947 when duty free shops were introduced as a marketing strategy.

The travel retail market can be segmented according to the type of product (Perfumes & Cosmetics, Wines & Spirits, Fashion & Accessories and Others); and by canal (non-airport DFS, airport, airlines and ferries)

Main topics covered:

1. Summary

2. Presentation
2.1 Travel Retail: an overview
2.1.1 Establishment process flow in Travel Retail
2.1.2 Benefits of Travel Retail
2.1.3 Travel Retail functionalities
2.1.4 Types of purchases in Travel Retail
2.2 Travel Retail segmentation: an overview
2.2.1 Travel Retail segmentation by channel
2.2.2 Travel Retail segmentation by product type

3. Global market analysis
3.1 Global Travel Retail Market: An Analysis
3.1.1 Global Travel Retail Market by Value
3.1.2 Global Retail Market by Product Type (Perfumes & Cosmetics, Wines & Spirits, Fashion & Accessories, etc.)
3.1.3 Global Travel Retail Market by Channel (Non-Airport DFS, Airports, Airlines & Ferries)
3.1.4 Global Travel Retail Market by Regions (Asia Pacific, Europe, Americas and Middle East & Africa)
3.2 Global Travel Retail Market: Product Type Analysis
3.2.1 Global Perfume and Cosmetics Retail Market by Value
3.2.2 Global Wine and Spirits Retail Market by Value
3.2.3 Global Retail Fashion and Travel Accessories Market by Value
3.2.4 Global Other Travel Retail Market by Value
3.3 Global Travel Retail Market: Channel Analysis
3.3.1 Global DFS Non-Airport Travel Retail Market by Value
3.3.2 Global Airport Travel Retail Market by Value
3.3.3 Global Airline Travel Retail Market by Value
3.3.4 Global Ferry Retail Market by Value

4. Regional market analysis
4.1 Asia-Pacific Travel Retail Market: An Analysis
4.1.1 Asia-Pacific Travel Retail Market by Value
4.1.2 Asia-Pacific Travel Retail Market by Region (Korea, China, and the rest of Asia Pacific)
4.1.3 Korea Travel Retail Market by Value
4.1.4 Korea Travel Retail Market by Channel (Airport and Others)
4.1.5 Korea Airport Travel Retail Market by Value
4.1.6 Korea Other Travel Retail Market by Value
4.1.7 China Travel Retail Market by Value
4.1.8 Rest of Asia Pacific Travel Retail Market by Value
4.2 Europe Travel Retail Market: An Analysis
4.2.1 Travel Retail Market in Europe by Value
4.3 America’s Retail Travel Market: An Analysis
4.3.1 Americas Retail Travel Market by Value
4.4 Middle East and Travel Retail Market in Africa: An Analysis
4.4.1 Middle East and Travel Retail market in Africa by value

5. Impact of COVID-19
5.1 Impact of COVID-19
5.1.1 Impact of COVID-19 on the Travel Retail market
5.1.2 Impact of COVID-19 on the Global Travel Retail Market
5.1.3 Impact of COVID-19 on the Chinese Travel Retail Market
5.1.4 Impact of COVID-19 on the Korean Retail Travel Market

6. Market dynamics
6.1 Growth engine
6.1.1 Dominating Gen Z and Millennials
6.1.2 Increase in global urbanization
6.1.3 Rising middle class population
6.1.4 Increase in personal consumption of luxury goods
6.1.5 Increase in the number of airports
6.1.6 Increased travel offers
6.1.7 Growing alternatives to reduce waiting time
6.2 challenges
6.2.1 Disruption of the tourism industry
6.2.2 Economic slowdown
6.2.3 Lack of space availability
6.2.4 Cumbersome requirements for air travel
6.3 Market trends
6.3.1 Growing use of artificial intelligence (AI)
6.3.2 Technological advances
6.3.3 Passenger control tower
6.3.4 Custom pricing and assortment tool
6.3.5 Growing Trend of Robotics in Retail
6.3.6 Complete with augmented reality and virtual reality

7. Competitive landscape
7.1 Global Retail Market Players: A Financial Comparison
7.2 Global Travel Retail Market Players: Product Price Comparison
7.3 China Travel Retail Market Players: Ownership Comparison
7.4 China Travel Retail Market Players: Offshore Duty Free Shop Comparison

8. Company profiles
8.1 Dufry SA
8.1.1 Company overview
8.1.2 Financial overview
8.1.3 Business Strategy
8.2 Hotel Shilla Co., Ltd (The Shilla Duty Free)
8.2.1 Company overview
8.2.2 Financial overview
8.2.3 Business strategy
8.3 Lagardère SCA
8.3.1 Company overview
8.3.2 Financial overview
8.3.3 Business Strategy
8.4 Lotte Corporation (Lotte Duty Free)
8.4.1 Company overview
8.4.2 Financial overview
8.4.3 Business strategy

For more information on this report, visit https://www.researchandmarkets.com/r/3ty5im

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