According to the report published by Zion Market Research, global demand for Airport Retailing market was valued at approximately USD 39.1 Billion in 2019, and is expected to generate revenue of around USD 63.80 Billion by end of 2026, growing at a CAGR of around 6.9% between 2020 and 2026.
According to the report published by Zion Market Research, global demand for Airport Retailing market was valued at approximately USD 39.1 Billion in 2019, and is expected to generate revenue of around USD 63.80 Billion by end of 2026, growing at a CAGR of around 6.9% between 2020 and 2026.
Global Airport Retailing Market: Overview
Aviation industries not only depend on aeronautical business to generate targeted return on investments, but also a non-aeronautical business. Owing to rising competition among global players for offering low airfares and diversifying sources for generation of revenue, the focus has shifted towards non-aeronautical sector for constant growth in this market. The non-aeronautical business includes advertisements, duty-free retail shops, catering services, restaurant bars cafeterias, and others. Aviation industries have realized the importance of retail business and consider it as the key contributor so as to sustain in the industries.
Global Airport Retailing Market: Growth Factors
The global airport retailing market is experiencing significant growth owing to increasing budget of the aviation industries and air travelers, which in turn may foster the growth of the global market in the coming years. In addition, expansion of multinational retailers and rising number of terminals are other factors that are expected to enhance the global airport retailing market. Increasing the disposable income of the population and availability of luxury products at affordable prices are also anticipated to fuel the global market growth in future. Major factors driving the global airport retailing market are the growth of the tourism sector and availability of products at affordable prices.
Global Airport Retailing Market: Segmentation
The global airport retailing market is categorized based on ownership, product type, store type, and geography. The ownership segment includes corporate chains, independent owners, and franchises. The type segment comprises food and beverages, pharmacy products, electronic products, arts, and fashion and accessories. Further, the store type segment is fragmented as duty-free stores, supermarkets, independent stores and showroom, restaurants, and others.
Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Global Airport Retailing Market: Regional Analysis
Europe is the largest market in the airport retailing market owing to immense growth opportunities in the airport retailing market. In addition, increasing investments for expansion of airport retailing along with growth in the tourism sector are expected to contribute to the global market growth in the next few years. The presence of affordable airfares also influences the global airport retailing market. Moreover, several new projects in pipeline sector that consist of the renovation of existing projects and expansion of new terminals may also impact the global market growth in a positive way. Asia Pacific is also anticipated to witness considerable growth in the global airport retailing market. Increasing investment by the developing economies such as China and India over new terminals and expansion of the dedicated retail areas for attracting a large number of passengers also positively impacts the global market in this region.
Global Airport Retailing Market: Competitive Players
Some main participants of the Airport Retailing market are Lagardere Travel Retail, Baltona Duty Free, Autogrill, Regstaer Duty Free, and Dufry. Other major players include 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, among others.
Airport Retailing Market: Regional Segment Analysis
List of Figures
FIG. 1 Research Methodology
FIG. 2 Research Methodology – Basic Overview
FIG. 3 Research Methodology – Detailed View
FIG. 4 Global Airport Retailing Market Revenue, 2016 - 2026 (USD Billion)
FIG. 5 Porter’s Five Forces Analysis for Global Airport Retailing Market
FIG. 6 Global Airport Retailing Market Attractiveness, By Ownership
FIG. 7 Global Airport Retailing Market Attractiveness, By Product Type
FIG. 8 Global Airport Retailing Market Attractiveness, By Store Type
FIG. 9 Global Airport Retailing Market Attractiveness, By End-User
FIG. 10 Company Share Analysis, 2019
FIG. 11 Global Airport Retailing Market Revenue Share, by Ownership, 2019 & 2026
FIG. 12 Global Airport Retailing Market for Corporate Chains, Revenue (USD Billion) 2016 - 2026
FIG. 13 Global Airport Retailing Market for Independent Owners, Revenue (USD Billion) 2016 - 2026
FIG. 14 Global Airport Retailing Market for Franchises, Revenue (USD Billion) 2016 - 2026
FIG. 15 Global Airport Retailing Market Revenue Share, by Product Type, 2019 & 2026
FIG. 16 Global Airport Retailing Market for Food & Beverages, Revenue (USD Billion) 2016 - 2026
FIG. 17 Global Airport Retailing Market for Pharmacy Products, Revenue (USD Billion) 2016 - 2026
FIG. 18 Global Airport Retailing Market for Electronic Products, Revenue (USD Billion) 2016 - 2026
FIG. 19 Global Airport Retailing Market for Arts, Revenue (USD Billion) 2016 - 2026
FIG. 20 Global Airport Retailing Market for Fashion & Accessories, Revenue (USD Billion) 2016 - 2026
FIG. 21 Global Airport Retailing Market Revenue Share, by Store Type, 2019 & 2026
FIG. 22 Global Airport Retailing Market for Duty-Free Stores, Revenue (USD Billion) 2016 - 2026
FIG. 23 Global Airport Retailing Market for Supermarkets, Revenue (USD Billion) 2016 - 2026
FIG. 24 Global Airport Retailing Market for Independent Stores & Showroom, Revenue (USD Billion) 2016 - 2026
FIG. 25 Global Airport Retailing Market for Restaurants, Revenue (USD Billion) 2016 - 2026
FIG. 26 Global Airport Retailing Market for Others, Revenue (USD Billion) 2016 - 2026
FIG. 27 Global Airport Retailing Market Revenue Share, by Region, 2019 & 2026
FIG. 28 North America Airport Retailing Market Revenue, 2016 - 2026 (USD Billion)
FIG. 29 Europe Airport Retailing Market Revenue, 2016 - 2026 (USD Billion)
FIG. 30 Asia Pacific Airport Retailing Market Revenue, 2016 - 2026 (USD Billion)
FIG. 31 Latin America Airport Retailing Market Revenue, 2016 - 2026 (USD Billion)
FIG. 32 The Middle-East and Africa Airport Retailing Market Revenue, 2016 - 2026 (USD Billion)
FIG. 33 Lagardere Travel Retail Business Segment Revenue Share, 2018 (%)
FIG. 34 Lagardere Travel Retail Geographical Segment Revenue Share, 2018 (%)
List of Tables
TABLE 1 Global Airport Retailing Market: Snapshot
TABLE 2 Drivers of the Airport Retailing Market: Impact Analysis
TABLE 3 Restraints for the Airport Retailing Market: Impact Analysis
TABLE 4 Global Airport Retailing Market Revenue, by Region, 2016 – 2026 (USD Billion)
TABLE 5 North America Airport Retailing Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 6 North America Airport Retailing Market Revenue, by Ownership, 2016 – 2026 (USD Billion)
TABLE 7 North America Airport Retailing Market Revenue, by Product Type, 2016 – 2026 (USD Billion)
TABLE 8 North America Airport Retailing Market Revenue, by Store Type, 2016 – 2026 (USD Billion)
TABLE 9 Europe Airport Retailing Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 10 Europe Airport Retailing Market Revenue, by Ownership, 2016 – 2026 (USD Billion)
TABLE 11 Europe Airport Retailing Market Revenue, by Product Type, 2016 – 2026 (USD Billion)
TABLE 12 Europe Airport Retailing Market Revenue, by Store Type, 2016 – 2026 (USD Billion)
TABLE 13 Asia Pacific Airport Retailing Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 14 Asia Pacific Airport Retailing Market Revenue, by Ownership, 2016 – 2026 (USD Billion)
TABLE 15 Asia Pacific Airport Retailing Market Revenue, by Product Type, 2016 – 2026 (USD Billion)
TABLE 16 Asia Pacific Airport Retailing Market Revenue, by Store Type, 2016 – 2026 (USD Billion)
TABLE 17 Latin America Airport Retailing Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 18 Latin America Airport Retailing Market Revenue, by Ownership, 2016 – 2026 (USD Billion)
TABLE 19 Latin America Airport Retailing Market Revenue, by Product Type, 2016 – 2026 (USD Billion)
TABLE 20 Latin America Airport Retailing Market Revenue, by Store Type, 2016 – 2026 (USD Billion)
TABLE 21 The Middle-East and Africa Airport Retailing Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 22 The Middle-East and Africa Airport Retailing Market Revenue, by Ownership, 2016 – 2026 (USD Billion)
TABLE 23 The Middle-East and Africa Airport Retailing Market Revenue, by Product Type, 2016 – 2026 (USD Billion)
TABLE 24 The Middle-East and Africa Airport Retailing Market Revenue, by Store Type, 2016 – 2026 (USD Billion)
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The global airport retailing market is experiencing significant growth owing to increasing budget of the aviation industries and air travellers, which in turn may foster the growth of the global market in the coming years. In addition, expansion of multinational retailers and rising number of terminals are other factors that are expected to enhance the global airport retailing market.
According to Zion Market Research, global demand for Airport Retailing market is expected to generate revenue of around USD 63.80 Billion by end of 2026, growing at a CAGR of around 6.9% between 2020 and 2026.
Europe is the largest market in the airport retailing market owing to immense growth opportunities in the airport retailing market. In addition, increasing investments for expansion of airport retailing along with growth in the tourism sector are expected to contribute to the global market growth in the next few years.
Some main participants of the Airport Retailing market are Lagardere Travel Retail, Baltona Duty Free, Autogrill, Regstaer Duty Free, and Dufry. Other major players include 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, among others.
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