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Global Travel Retail Market Report 2016-2018 & 2026: Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts - ResearchAndMarkets.com

November 30, 2018

DUBLIN--(BUSINESS WIRE)--Nov 30, 2018--The “Global Travel Retail Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 To 2026” report has been added to ResearchAndMarkets.com’s offering.

The global market for travel retail was at US$ 63.59 Bn in 2017, growing at a CAGR of 8.1% during the forecast period from 2018 to 2026.

Significant development of the travel & tourism sector, along with medical tourism, raised the demand for travel retail services. Especially in the Asia Pacific region, the introduction of democratic airlines for traveling and budget airlines have contributed to the growing number of travelers. According to statistics from Airports Council International, the region witnessed significant increase in the travelers in 2017 as compared to 2016; increase in the traveler’s growth rate was substantially higher than world average.

The emerging middle class in the new markets is one of the main driving factor for increasing demand for travel retail. The emerging middle class in many of the countries in the region is a major factor resulting the increasing number of travelers in the developing countries is. As travel becoming more accessible, consumers have shown a great desire for it, and filling the seats of airlines.

More prominently due to increasing number of middle class population, China is the largest source of outbound tourists. In 2016, China followed by Russia represented approximately 29% of total tax-free spending worldwide. Retail benefits, a good selection of shopping malls, famous international brand stores and desire to buy products at a better price are some of the major factors considered by the middle class customers during travel retail shopping.

In 2017, Asia Pacific dominated the travel retail market in terms of value. China, India and Japan are the prime markets for travel retail in Asia Pacific accounting for significant share of total regional revenue. Asia-Pacific is growing at the fastest rate owing to improving standard of living, rise in disposable income, and development of the tourism industry.

Furthermore, owing to stronger base of luxury brands, Europe is one of the prominent travel retail markets across the globe. The region holds headquarters of some of the biggest apparels and cosmetics brands, namely, H&M from Sweden and LVMH from France, which hold a substantial share in the luxury a perfumes, apparels and cosmetics sector, thus making Europe the second largest travel retail market. Europe’s market accounts for major share of the travel retail sector as region has headquarters of most of the luxury brands. Wealthy tourists from the Middle East, China, and the U.S. contribute considerably towards the growth of the European travel retail market.

Key Topics Covered:

Chapter 1 Preface

1.1 Report Scope and Description

1.2 Research Scope

1.3 Research Methodology

1.4 Market Segmentation

Chapter 2 Executive Summary

2.1 Market Snapshot: Global Travel Retail Market

2.1.1 Global Travel Retail Market, by Product Category, 2017 (US$ Bn)

2.1.2 Global Travel Retail Market, by Sales Channel, 2017 (US$ Bn)

2.1.3 Global Travel Retail Market, by Geography, 2017 (US$ Bn)

Chapter 3 Market Dynamics

3.1 Introduction

3.2 Market Dynamics

3.2.1 Market Drivers

3.2.1.1 The Emerging Middle Class in The New Markets

3.2.1.2 The Boom in the Asia-Pacific Travel Retail Market

3.2.2 Market Challenges

3.2.2.1 High Operating Expenses

3.2.2.2 Stringent Regulations in Airport Retailing

3.2.3 Market Opportunities

3.2.3.1 Digitizing the Travel Retail

3.2.3.2 Increasing Demand From Emerging Economies

3.3 Attractive Investment Proposition, by Geography, 2017

3.4 Market Positioning of Key Players, 2017

Chapter 4 Global Travel Retail Market, by Product Category

4.1 Overview

4.2 Perfumes and Cosmetics

4.3 Wines and Spirits

4.4 Fashion and Accessories

4.5 Tobacco Products

4.6 Watches and Jewellery

4.7 Electronics and Gifts

4.8 Confectionery and Fine Foods

Chapter 5 Global Travel Retail Market, by Sales Channel

5.1 Overview

5.2 Airport

5.3 Airlines

5.4 Ferries and Cruises

5.5 Other Shops and Sales

Chapter 6 Global Travel Retail Market, by Geography

Chapter 7 Company Profiles

Aer Rianta International China Duty Free Group DFASS Group DFS Group Dufry AG Gebr. Heinemann SE & Co. KG King Power International Group Lotte Group Lagardre Group The Naunace Group The Shilla Duty Free

For more information about this report visit https://www.researchandmarkets.com/research/kwqp7p/global_travel?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181130005146/en/

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Related Topics:Travel and Tourism

KEYWORD:

INDUSTRY KEYWORD: TRAVEL VACATION RETAIL OTHER RETAIL

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 11/30/2018 06:32 AM/DISC: 11/30/2018 06:32 AM

http://www.businesswire.com/news/home/20181130005146/en

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