DataM Intelligence’s latest market report titled ‘Global Travel Retail Market– Size, Share and Forecast (2019-2026)’ reflects the size, scope, industry dynamics, major firms and future trends in this market. The research report analyses drivers and restraints operating in this competitive space to present a better in-depth of the underlying market opportunities.
It is a multi-billion-dollar market, that’s set to grow at unprecedented levels. Part of this can be attributed to a substantial rise in people’s incomes, brought about by a growing economy.
Travel Retail Industry Dynamics
Every year, over 1 billion people travel internationally, that is over 15% of the global population, and with the recent upturns in the economy, passenger numbers are expected to increase even further, especially in emerging countries like China.
The increase in travel & tourism or international tourist arrivals in the emerging economies, such as Asia-Pacific and LAMEA is expected to increase the demand for air travel retail market. The rapid growth in urbanization changes in lifestyle has increased the need for travel retail due to the increased international travel. This created an incentive for the development of the tourism industry in many developing countries. Further, many countries support tourism as the major factor for development.
Un-organized local markets, less attractive duty-free prices, stringent government rules, particularly for airport retailing and fluctuations in international currencies are the key market restraints for the market growth.
Travel Retail Market Segmentation
Based on product type, the global market for travel retail is segmented as Electronics, food, confectionery & catering, fashion and accessories, perfumes and cosmetics, tobacco goods, wines and spirits, and others.
Perfumes and Cosmetics held the largest share in the year 2018. The retail stores involved in the Perfume & Cosmetics segment include high-end brands such as Chanel, Christian Dior, Estée Lauder, Guerlain, Givenchy, Lancôme, Shiseido, SK-II, YSL and many more in their product portfolio.
On the basis of the distribution channel, the market for global travel retail is segmented into airports, cruise liners, railway stations and border, downtown and hotel shops. Currently, Airports is the dominant sub-segment and it accounted for approximately 57% of the market in 2018.
Global Travel Retail Market Geographical Share
The global Travel Retail market is segmented into North America, Europe, Asia Pacific, South America and ROW.
The travel retail market in Asia-Pacific holds significant market share, owing to vital contribution from China and Japan, and rise in disposable income and spending power of consumers. The travel retail stores in the region offer a wide variety of product categories such as fashion and accessories, perfumes & cosmetics, tobacco, and wines and spirit items.
Europe geographic segment is divided into Germany, UK, France and the Rest of Europe. Germany, with its strong economy and high consumer confidence, is Europe’s largest travel market.
Travel Retail Market Competition
Major market players are AerRianta International Cpt, China Duty Free Group Co Ltd, DFS Group, Dufry AG, Duty Free Americas, Inc, Gebr. Heinemann SE & Co. KG, King Power International Group Co Ltd, Lotte Duty Free Jeju Co Ltd., Lagardere Travel Retail SAS and The Shilla Duty Free.
Some of those players are already launching ventures to boost performance, both in the airport and in the air.
Among the most recent examples, Kuala Lumpur International Airport is building an integrated big data platform to support operations and provide real-time information to customers and airport operators.
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Section 1 Global Travel Retail Market Methodology and Scope
1.1 Research Methodology
1.2 Research Objective and Scope of the Report
Section 2 Global Travel Retail Market – Market Definition and Overview
Section 3 Global Travel Retail Market – Executive Summary
3.1 Market Snippet by Product
3.2 Market Snippet by Distribution Channel
3.3 Market Snippet by Region
Section 4 Global Travel Retail Market – Market Dynamics
4.1 Market Impacting Factors
4.1.1 Drivers
4.1.1.1 Increased demand for air travel and development of tourism industry
4.1.1.2 Rapid growth in urbanization
4.1.2 Restraints
4.1.2.1 Stringent government rules, particularly for airport retailing and fluctuations in international currencies.
4.1.2.2 Un-organized local markets, less attractive duty fare prices.
4.1.3 Opportunity
4.1.4 Impact Analysis
Section 5 Global Travel Retail Market – Industry Analysis
5.1 Porter’s Five Forces Analysis
5.2 Supply Chain Analysis
5.3 Pricing Analysis
5.4 Regulatory Analysis
5.5 Patent Analysis
Section 6 Global Travel Retail Market – By Product Type
6.1 Electronics
6.2 Food, Confectionery and Catering
6.3 Fashion and Accessories
6.4 Perfumes and Cosmetics
6.5 Tobacco Goods
6.6 Wines and Spirits
6.7 Others
Section 7 Global Travel Retail Market – By Distribution Channel
7.1 Airports
7.2 Cruise Liners
7.3 Railway Stations
7.4 Border, Downtown & Hotel Shops
Section 8 Global Travel Retail Market – By Region
8.1 North America
8.1.1 U.S.
8.1.2 Canada
8.1.3 Mexico
8.2 Europe
8.2.1 Germany
8.2.2 U.K.
8.2.3 France
8.2.4 Italy
8.2.5 Spain
8.2.6 Rest of Europe
8.3 South America
8.3.1 Brazil
8.3.2 Argentina
8.3.3 Rest of South America
8.4 Asia Pacific
8.4.1 China
8.4.2 India
8.4.3 Japan
8.4.4 Australia
8.4.5 Rest of Asia Pacific
8.5 Middle East & Africa
Section 9 Global Market – Competitive Landscape
9.1 Competitive Scenario
9.2 Competitor Travel Retail Strategy Analysis
9.3 Comparative Product Portfolio Analysis
9.4 Market Positioning/Share Analysis
9.5 Mergers and Acquisitions Analysis
Section 10 Company Profiles*
10.1 AerRianta International Cpt
10.2 China Duty Free Group Co Ltd
10.3 DFS Group
10.4 Dufry AG
10.5 Duty Free Americas, Inc
10.6 Gebr. Heinemann SE & Co. KG
10.7 King Power International Group Co Ltd
10.8 Lotte Duty Free Jeju Co Ltd.
10.9 Lagardere Travel Retail SAS
10.10 The Shilla Duty Free
Section 11 Global Travel Retail Market – Premium Insights
Section 12 Global Travel Retail Market – DataM
12.1 Appendix
12.2 About Us and Services
12.3 Contact Us
About DataM Intelligence
DataM Intelligence 4Market Research is a Market Intelligence and Business Research firm, based in India. It aims to bridge the two main aspects of a business decision – opinion and supportive data.
Market Research for long has been losing its credibility owing to low reliability and high proportions of estimations. Having identified this gap, DataM was established to provide businesses with reliable and near-market intelligence. Reporting the actual market scenario has been made possible by our proprietary methodology, that essentially revolves around gathering inputs from industry participants and integrating the trends into statistical Databank. This approach not only aligns the findings with historic data but also allows a highly justifiable forecast model.
DMI is currently strengthening its cross-industrial database for sectors including Chemicals, Materials, Agriculture, Healthcare Services, Animal Nutrition, Consumer Goods, Food & Beverages, Industrial Machinery and Automation among others.
