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Duty-free retailers are those who are exempted from certain local and national taxes and duties because they sell goods to international travelers. However, taxes may be imposed on such goods once the buyer reaches their country of destination or when the value or quantity of those goods exceeds certain limits. Such retailers operate at international airports, border towns, seaports, train stations, and onboard aircraft and ships. These retailers offer products like perfumes, cosmetics, alcohol, cigarettes, chocolates, electronics, and accessories.
Scope of the Report:
This report studies the Duty-free Retailing market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Duty-free Retailing market by product type and applications/end industries.
The premium product offerings play an important role in determining the overall sales of duty-free retailing. This is encouraging a large number of international players to enhance their sales and introduce more range of luxury brands to their product portfolio. Some of these international players include Dufry. LVMH, Lotte Shopping, and Lagardere group.
The duty-free retailing market is fragmented since the market has a large number of companies. By offering a complete analysis of the market's competitive landscape, this duty-free retailing industry analysis report will aid clients identify new growth opportunities and design new growth strategies.
The global Duty-free Retailing market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Duty-free Retailing.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers
- Dubai Duty Free
- Lagardère Group (Lagardère)
- Lotte Shopping
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- Fashion apparel and accessories, hard luxury goods, and electronics
- Cosmetics and perfumes
- Wines and spirits
- Confectionary and fine foods
Market Segment by Applications, can be divided into
- Online Selling
- Store Selling