Duty-free Retailing Market in Europe 2017-2021
Published: Dec 2017 | Pages: 86 | SKU: IRTNTR15832 |
Overview of the duty-free retailing market in Europe
The number of international and domestic visitors is increasing due to the rising number of airports in Europe. The rising number of sports trips and global events such the Premier Leagues and domestic and international business and leisure trips will further result in an increased number of visitors. In this case, airport visitors are the key consumer base for duty-free products. Research analysis on the duty-free retailing market in Europe identifies that the rising number of airport visitors and international travelers will be one of the major factors that will have a positive impact on the growth of the market. During 2016, one of the most-visited regions across the globe was Europe, whereas, the most-visited country was France. At present, airports account for a larger fraction of duty-free sales. As a result, the duty-free retailing market will continue to witness growth in Europe for the next four years. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 6% by 2021.
A large number of duty-free retailing markets of different European countries are emerging as shopping destination with duty free shop. One of the largest luxury brand owner and the leading retailers in the market named LVMH, generates a huge revenue from its duty-free business. Similarly, one of the well-known luxury brands in France, Hermès, is showcasing its retail design concept and travel retail business by optimizing and expanding a network of boutiques in airports. As a result, one of the key trends that will stimulate growth in the duty-free retailing market in Europe throughout the predicted period is the entry of global brands in European market.
Competitive landscape and key vendors
The duty-free retailing market in Europe offers retailers the space to explore potential growth opportunities in Europe. The markets are rapidly growing in European countries such as the UK, Germany, France, and Spain and have a high population of millennials with high awareness of duty-free retail products. The increased popularity of duty-free shops in Europe will drive the market growth.
Key vendors in this market are -
- daa (Aer Rianta International)
- Dufry
- Lagardère
- LVMH
Other prominent vendors in the market include China Duty-free Group, Dubai Duty-free, Duty-free Americas, Gebr. Heinemann, JR/Group (James Richardson), King Power International, and THE SHILLA DUTY-FREE.
Segmentation by product and analysis of the duty-free retailing market in Europe
- Fashion, accessories, and hard luxury
- cosmetics and perfumes
- Wine and spirits
- Tobacco
- Confectionery and fine foods
During 2016, the fashion, accessories and hard luxury segment accounted for the major shares of the duty-free retailing market in Europe. Factors such as the rising influence of the fashion industry on the purchase decisions and growing disposable incomes will contribute to the growth of this industry segment in the coming years.
Segmentation by distribution channel and analysis of the duty-free retailing market in Europe
- Airports
- Border, downtown, and hotel shops
- Cruise lines, ferries, and seaports
- Railway stations
According to this market research report, airports will account for the maximum share of the duty-free retailing market in Europe until 2021. The increase in non-aeronautical revenue and more allocated space for the development of duty-free outlets in airports will drive the market growth.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the duty-free retailing market in Europe?
- What are the key market trends impacting the growth of the duty-free retailing market in Europe?
- What are the challenges to market growth?
- Who are the key vendors in the duty-free retailing market in Europe?
- What are the market opportunities and threats faced by the vendors in the duty-free retailing market in Europe?
- What are the trending factors influencing the market shares of the Europe.
- What are the key outcomes of the five forces analysis of the duty-free retailing market in Europe?
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
- Global duty-free retailing market
PART 05: MARKET LANDSCAPE
- Duty-free retailing market in Europe
- Market size and forecast
PART 06: FIVE FORCES ANALYSIS
- Five forces analysis
PART 07: MARKET SEGMENTATION BY PRODUCT
- Duty-free retailing market in Europe by product
- Comparison by product
- Fashion, accessories, and hard luxury – market size and forecast
- Cosmetics and perfumes – market size and forecast
- Wine and spirits – market size and forecast
- Tobacco – market size and forecast
- Confectionery and fine foods – market size and forecast
- Market opportunity by product
PART 08: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
- Duty-free retailing market in Europe by distribution channel
- Comparison by distribution channel
- Airports – market size and forecast
- Border, downtown, and hotel shops – market size and forecast
- Cruise lines, ferries, and seaports – market size and forecast
- Rail stations and others – market size and forecast
- Market opportunity by distribution channel
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Entry of global brands in European market
- International retailers focusing on M&A
PART 12: VENDOR LANDSCAPE
- Competitive scenario
- Key insights
PART 13: VENDOR ANALYSIS
- Vendor overview
- Comparative analysis of key vendors
- daa (Aer Rianta International)
- Dufry
- Lagardère
- LVMH
- Other prominent vendors
PART 14: APPENDIX
- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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