Global Airport and Duty-Free Retailing 2019 - 2029 provides analysis, trends, innovations, market forecasts, and retailers in the Global Airport and Duty Free Retail Market 2019-2029.
'Between 2024 and 2029, the global airport retail market is forecast to grow at a CAGR of 6.5%, primarily driven by APAC market.
APAC duty-free market will achieve the strongest CAGR between 2024 and 2029, thanks to retailer expansion strategy.
Dufry (Avolta) continues to dominate the global airport market, followed by Lagardere Travel Retail.
Scope
- Following a period of rapid expansion in 2023, global airport retail sales stabilized in 2024 as travel patterns normalized post pandemic, recording a steady 8.8% growth for the year, reaching $43.0 billion.
- The global duty-free market grew by a sizable 11.3% to $58.9 billion in 2024, reflecting strong expansion but the duty-free market is growing more slowly, and dropped 6.1ppts on last year.
- Dufry (Avolta) maintained its dominance in the global airport retail market in 2024, holding a 20.3% share, with its revenue increasing by 12.2% to $8.7 billion, driven by its experiential retail strategy, which enhances the customer shopping experience through immersive store concepts.
Reasons to Buy
- Gain a comprehensive knowledge on the global airport and duty free retail markets and develop a competitive advantage
- Investigate current trends in the global airport and duty free retail markets to identify the best opportunities
- Analysis of key airport and duty free retail players operating globally
- Explore novel opportunities that will allow you to align your product offerings and strategies to meet demand by analyzing the key consumer and technology trends influencing the airport and duty free retail markets globally
- Analyze the recommended actions to align your marketing strategies with the crucial trends influencing consumer behavior
- Analysis of key international players operating in the global airport and duty free retail markets - including market shares and revenues that give you a competitive edge and identify opportunities to improve your strategy