Market Overview:
The global airport retail market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing number of air passengers, rising disposable income, and growing demand for luxury products. In terms of type, the electronic products segment is expected to lead the market during the forecast period owing to the increasing demand for smartphones and other electronic gadgets. The food and beverages segment is also anticipated to witness high growth during the forecast period due in part to changing dietary habits among consumers across regions.
Product Definition:
Airport retail is the sale of goods and services to passengers in an airport terminal. The importance of airport retail lies in its ability to generate revenue for the airport and its ability to provide a convenient shopping experience for passengers.
Electronic Products:
Electronic products are those which provide entertainment, information, security and utility to the consumers. They can be classified into two categories - consumer electronic products and industrial electronic products. Consumer electronics include television, air conditioners, refrigerators & freezers (TVs), washing machines & dryers (IRVs), personal computers (PCs), mobile phones and others. Industrial electronics comprise industrial robots/automated guided vehicles (AGVs) among others.
Food and Beverages:
Food and beverages are the products that are available at airport retail shops. It includes food items, snacks, drinks, toiletries and other goods such as cosmetics and clothing. Airport retail is a growing market due to increasing air traffic which leads to more number of passengers traveling from one place to another creating demand for various kinds of food & beverage products.
Application Insights:
The independent stores and showrooms segment accounted for the largest market share of over 50% in 2017. The growth can be attributed to the presence of various retail options at airports, which includes luxury and specialty stores. Moreover, rising demand for premium products among passengers is expected to remain a key factor driving the segment growth over the forecast period.
Duty-free shops are projected to expand at a CAGR of XX% from 2018 to 2030 owing to increasing number of travelers opting for duty-free shopping while traveling abroad as well as on domestic flights. In addition, growing preference towards purchasing luxury goods is anticipated fuel industry's expansion at airport retail spaces during future travels or when spending time off work during holidays such as Christmas and New Year¢â‚¬â„¢s Eve in 2018 and 2019 respectively.
Regional Analysis:
North America dominated the global airport retail market in 2016. The growth of the regional market can be attributed to increasing air travel and growing e-commerce industry in the region. Europe is expected to witness significant growth over the forecast period owing to rising investments by companies for developing new stores and improving sales through online channels. Asia Pacific is projected to grow at a lucrative rate over the forecast period, owing to increasing disposable income, coupled with rising tourism activities across various airports in countries such as China, India, Thailand among others are expected drive demand for retail space within airports’ premises.
Growth Factors:
- Increasing air travel: The number of passengers travelling by air is increasing every year. This is driving the growth of the airport retail market as more and more people are looking for ways to kill time while they wait for their flight.
- Rising income levels: As incomes rise, people have more money to spend on luxury items such as branded clothes and cosmetics. This is helping to drive the growth of the airport retail market.
- Growing demand for convenience: People are increasingly looking for convenient shopping options, especially when they are travelling. This is helping to drive the growth of the airport retail market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Airport Retail Market Research Report
By Type
Electronic Products, Food and Beverages, Fashion and Accessories, Pharmacy Products and Arts, Airport Retai
By Application
Independent Stores and Showrooms, Duty-Free Stores, Restaurants, Supermarkets, Others
By Companies
Aer Rianta International cpt, Autogrill, Dubai Duty Free, Dufry AG, Duty Free Shoppers Ltd, Gebr. Heinemann, LS Travel Retail, Lotte Duty Free, Nuance Group, Shilla Duty Free, Stellar Partners, Inc, Airport Retai
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Airport Retail Market Report Segments:
The global Airport Retail market is segmented on the basis of:
Types
Electronic Products, Food and Beverages, Fashion and Accessories, Pharmacy Products and Arts, Airport Retai
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Independent Stores and Showrooms, Duty-Free Stores, Restaurants, Supermarkets, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Aer Rianta International cpt
- Autogrill
- Dubai Duty Free
- Dufry AG
- Duty Free Shoppers Ltd
- Gebr. Heinemann
- LS Travel Retail
- Lotte Duty Free
- Nuance Group
- Shilla Duty Free
- Stellar Partners, Inc
- Airport Retai
Highlights of The Airport Retail Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electronic Products
- Food and Beverages
- Fashion and Accessories
- Pharmacy Products and Arts
- Airport Retai
- By Application:
- Independent Stores and Showrooms
- Duty-Free Stores
- Restaurants
- Supermarkets
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Airport Retail Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Airport retail is a type of retail that operates at airports. These stores sell items such as food, drinks, souvenirs, and other airport-related products.
Some of the major players in the airport retail market are Aer Rianta International cpt, Autogrill, Dubai Duty Free, Dufry AG, Duty Free Shoppers Ltd, Gebr. Heinemann, LS Travel Retail, Lotte Duty Free, Nuance Group, Shilla Duty Free, Stellar Partners, Inc, Airport Retai.
The airport retail market is expected to register a CAGR of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Airport Retail Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Airport Retail Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Airport Retail Market - Supply Chain
4.5. Global Airport Retail Market Forecast
4.5.1. Airport Retail Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Airport Retail Market Size (000 Units) and Y-o-Y Growth
4.5.3. Airport Retail Market Absolute $ Opportunity
5. Global Airport Retail Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Airport Retail Market Size and Volume Forecast by Type
5.3.1. Electronic Products
5.3.2. Food and Beverages
5.3.3. Fashion and Accessories
5.3.4. Pharmacy Products and Arts
5.3.5. Airport Retai
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Airport Retail Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Airport Retail Market Size and Volume Forecast by Application
6.3.1. Independent Stores and Showrooms
6.3.2. Duty-Free Stores
6.3.3. Restaurants
6.3.4. Supermarkets
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Airport Retail Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Airport Retail Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Airport Retail Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Airport Retail Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Airport Retail Demand Share Forecast, 2019-2026
9. North America Airport Retail Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Airport Retail Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Airport Retail Market Size and Volume Forecast by Application
9.4.1. Independent Stores and Showrooms
9.4.2. Duty-Free Stores
9.4.3. Restaurants
9.4.4. Supermarkets
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Airport Retail Market Size and Volume Forecast by Type
9.7.1. Electronic Products
9.7.2. Food and Beverages
9.7.3. Fashion and Accessories
9.7.4. Pharmacy Products and Arts
9.7.5. Airport Retai
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Airport Retail Demand Share Forecast, 2019-2026
10. Latin America Airport Retail Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Airport Retail Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Airport Retail Market Size and Volume Forecast by Application
10.4.1. Independent Stores and Showrooms
10.4.2. Duty-Free Stores
10.4.3. Restaurants
10.4.4. Supermarkets
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Airport Retail Market Size and Volume Forecast by Type
10.7.1. Electronic Products
10.7.2. Food and Beverages
10.7.3. Fashion and Accessories
10.7.4. Pharmacy Products and Arts
10.7.5. Airport Retai
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Airport Retail Demand Share Forecast, 2019-2026
11. Europe Airport Retail Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Airport Retail Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Airport Retail Market Size and Volume Forecast by Application
11.4.1. Independent Stores and Showrooms
11.4.2. Duty-Free Stores
11.4.3. Restaurants
11.4.4. Supermarkets
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Airport Retail Market Size and Volume Forecast by Type
11.7.1. Electronic Products
11.7.2. Food and Beverages
11.7.3. Fashion and Accessories
11.7.4. Pharmacy Products and Arts
11.7.5. Airport Retai
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Airport Retail Demand Share, 2019-2026
12. Asia Pacific Airport Retail Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Airport Retail Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Airport Retail Market Size and Volume Forecast by Application
12.4.1. Independent Stores and Showrooms
12.4.2. Duty-Free Stores
12.4.3. Restaurants
12.4.4. Supermarkets
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Airport Retail Market Size and Volume Forecast by Type
12.7.1. Electronic Products
12.7.2. Food and Beverages
12.7.3. Fashion and Accessories
12.7.4. Pharmacy Products and Arts
12.7.5. Airport Retai
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Airport Retail Demand Share, 2019-2026
13. Middle East & Africa Airport Retail Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Airport Retail Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Airport Retail Market Size and Volume Forecast by Application
13.4.1. Independent Stores and Showrooms
13.4.2. Duty-Free Stores
13.4.3. Restaurants
13.4.4. Supermarkets
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Airport Retail Market Size and Volume Forecast by Type
13.7.1. Electronic Products
13.7.2. Food and Beverages
13.7.3. Fashion and Accessories
13.7.4. Pharmacy Products and Arts
13.7.5. Airport Retai
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Airport Retail Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Airport Retail Market: Market Share Analysis
14.2. Airport Retail Distributors and Customers
14.3. Airport Retail Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Aer Rianta International cpt
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Autogrill
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Dubai Duty Free
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Dufry AG
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Duty Free Shoppers Ltd
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Gebr. Heinemann
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. LS Travel Retail
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Lotte Duty Free
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Nuance Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Shilla Duty Free
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Stellar Partners, Inc
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Airport Retai
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
