At Verified Market Intelligence, we provide a market study that encompasses both qualitative and quantitative assessments of latest trends for the market segmentations classified by our analysts. According to our research team, the Global Duty Free Retailing Market was valued at USD 70.37 billion in 2017 and is projected to reach USD 118.81 billion by 2025, growing at a CAGR of 6.8% from 2018 to 2025. Our research study mainly includes an in-depth study of the market which includes major drivers, restraints, opportunities and challenges faced in the market along with the latest industrial trends.
With growing population, the number of travelers has also increased lately enhancing the scope of tourism globally. Over 1 billion people travel internationally which instigates the need of shopping spaces in airport and various other sales channels such as sea ports, downtown shops, etc. These shops at the sales channels are subsidized of all the taxes and produces maximum number of revenue. Duty free retailing shops comprises various segments such as fragrances & cosmetics, alcohol & spirits, fashion & accessories, tobacco goods, watches & jewelry.
Increasing scope of travel and tourism and attraction towards the subsided goods is booming the market and acts as a potential driver for the overall market. Apart from this, low statistics of sales shows that the local duty free retailers are not able to generate ample amount of revenue which suggests that the market might experience a downfall.
The "Global Duty Free Retailing Market" study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Dufry AG, China Duty Free, Duty Free Americas, Inc., Safilo, King Power International Group and many more. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
As a part of market estimation, the study also comprises a list of tables and figures for the "Global Duty Free Retailing Market" which focuses on a constructive knowledge essential for the companies or individuals interested in the market study report. As a part of market segmentation, our study exhibits a market analysis on the basis of distribution channel, type and geography. The Asia Pacific region is expected to be the largest due to the presence of numerous developing countries.
TABLE OF CONTENTS
1 INTRODUCTION 11
1.1 MARKET DEFINITION 11
1.2 MARKET SEGMENTATION 12
1.3 RESEARCH TIMELINES 13
1.4 ASSUMPTIONS 13
1.5 LIMITATIONS 14
2 RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE 15
2.1 DATA MINING 15
2.2 SECONDARY RESEARCH 15
2.3 PRIMARY RESEARCH 15
2.4 SUBJECT MATTER EXPERT ADVICE 15
2.5 QUALITY CHECK 16
2.6 FINAL REVIEW 16
2.7 DATA TRIANGULATION 16
2.8 BOTTOM-UP APPROACH 17
2.9 TOP DOWN APPROACH 17
2.10 RESEARCH FLOW 18
2.11 DATA SOURCES 18
2.12 PRIMARY INTERVIEWS 19
2.12.1 PRIMARY INTERVIEW BREAKDOWN 19
2.12.2 PRIMARY INTERVIEWS TRANSCRIPTS 19
3 EXECUTIVE SUMMARY 20
3.1 MARKET OVERVIEW 20
3.2 GLOBAL DUTY-FREE RETAILING MAKRET 2017 V/S 2025 21
3.3 GLOBAL DUTY-FREE RETAILING MARKET GEOGRAPHICAL ANALYSIS 22
3.4 GLOBAL DUTY-FREE RETAILING MARKET, BY TYPE (USD MILLION) 23
3.5 GLOBAL DUTY-FREE RETAILING MARKET, BY SALES CHANNEL (USD MILLION) 24
3.6 GLOBAL MARKET SPLIT 25
3.7 COUNTRY CAGRS, 2018 - 2025 26
4 MARKET OUTLOOK 27
4.1 GLOBAL DUTY-FREE RETAILING MARKET OUTLOOK 27
4.2 MARKET DRIVERS 28
4.2.1 GROWING GLOBAL TRAVEL AND TOURISM ACTIVITY 28
4.2.2 EASY ACCESS TO TAX FREE QUALITY PRODUCTS 29
4.3 MARKET RESTRAINTS 29
4.3.1 LOW PENETRATION OF LOCAL DUTY FREE RETAILERS 29
4.4 MARKET OPPORTUNITIES 30
4.4.1 EMERGENCE OF LOW COST AIRLINES 30
5 INDUSTRY TRENDS 31
5.1 VALUE CHAIN ANALYSIS 31
5.2 PORTER'S FIVE FORCES ANALYSIS 32
5.3 REGULATORY FRAMEWORK 33
6 MARKET, BY TYPE 34
6.1 OVERVIEW 34
6.2 FRAGRANCES & COSMETICS 35
6.3 ALCOHOL & SPIRITS 35
6.4 FASHION & ACCESSORIES 36
6.5 TOBACCO GOODS 36
6.6 WATCHES & JEWELLERY 36
6.7 OTHERS 36
7 MARKET, BY SALES CHANNEL 37
7.1 OVERVIEW 37
7.2 AIRPORT 38
7.3 ONBOARD AIRCRAFT 38
7.4 FERRIES 39
7.5 OTHERS 39
8 MARKET, BY GEOGRAPHY 40
8.1 OVERVIEW 40
8.2 NORTH AMERICA 42
8.2.1 U.S. 45
8.2.2 CANADA 46
8.2.3 MEXICO 47
8.3 EUROPE 48
8.3.1 GERMANY 51
8.3.2 UK 52
8.3.3 FRANCE 53
8.4 ASIA PACIFIC 54
8.4.1 CHINA 57
8.4.2 JAPAN 58
8.4.3 INDIA 59
8.5 LATIN AMERICA 60
8.5.1 BRAZIL 63
8.6 REST OF THE WORLD 64
9 COMPANY LANDSCAPE 65
9.1 COMPANY MARKET SHARE 65
9.2 VENDOR LANDSCAPE 66
9.3 KEY DEVELOPMENT STRATEGIES 67
10 COMPANY PROFILES 70
10.1 DUFRY AG 70
10.1.1 COMPANY OVERVIEW 70
10.1.2 DUFRY AG: KEY FACTS 70
10.1.3 FINANCIAL PERFORMANCE 70
10.1.4 PRODUCT BENCHMARKING 71
10.1.5 SWOT ANALYSIS: DUFRY 72
10.2 LAGARDÈRE TRAVEL RETAIL SAS 73
10.2.1 COMPANY OVERVIEW 73
10.2.2 LAGARDÈRE TRAVEL RETAIL SAS: KEY FACTS 73
10.2.3 FINANCIAL PERFORMANCE 73
10.2.4 PRODUCT BENCHMARKING 74
10.2.5 SWOT ANALYSIS: LAGARDERE TRAVEL RETAIL SAS 75
10.3 LOTTE DF GLOBAL CO., LTD. 76
10.3.1 COMPANY OVERVIEW 76
10.3.2 LOTTE DF GLOBAL CO., LTD.: KEY FACTS 76
10.3.3 FINANCIAL PERFORMANCE 76
10.3.4 PRODUCT BENCHMARKING 77
10.3.5 SWOT ANALYSIS: LOTTE DF GLOBAL CO., LTD. 78
10.4 LVMH MOËT HENNESSY LOUIS VUITTON S.E. 79
10.4.1 COMPANY OVERVIEW 79
10.4.2 LVMH MOËT HENNESSY LOUIS VUITTON S.E.: KEY FACTS 79
10.4.3 FINANCIAL PERFORMANCE 80
10.4.4 PRODUCT BENCHMARKING 81
10.4.5 SWOT ANALYSIS: LVMH MOËT HENNESSY LOUIS VUITTON S.E. 81
10.5 AER RIANTA INTERNATIONAL 82
10.5.1 COMPANY OVERVIEW 82
10.5.2 AER RIANTA INTERNATIONAL: KEY FACTS 82
10.5.3 PRODUCT BENCHMARKING 82
10.6 CHINA DUTY FREE GROUP 83
10.6.1 COMPANY OVERVIEW 83
10.6.2 CHINA DUTY FREE GROUP : KEY FACTS 83
10.6.3 PRODUCT BENCHMARKING 83
10.7 DUBAI DUTY FREE 84
10.7.1 COMPANY OVERVIEW 84
10.7.2 DUBAI DUTY FREE : KEY FACTS 84
10.7.3 PRODUCT BENCHMARKING 84
10.8 DUTY FREE AMERICAS, INC. 85
10.8.1 COMPANY OVERVIEW 85
10.8.2 DUTY FREE AMERICAS, INC. : KEY FACTS 85
10.8.3 PRODUCT BENCHMARKING 85
10.9 GEBR. HEINEMANN SE & CO. KG 86
10.9.1 COMPANY OVERVIEW 86
10.9.2 GEBR. HEINEMANN SE & CO. KG: KEY FACTS 86
10.9.3 PRODUCT BENCHMARKING 86
10.10 JR/ DUTY FREE 87
10.10.1 COMPANY OVERVIEW 87
10.10.2 JR/ DUTY FREE: KEY FACTS 87
10.10.3 PRODUCT BENCHMARKING 87
10.11 KING POWER INTERNATIONAL GROUP 88
10.11.1 COMPANY OVERVIEW 88
10.11.2 KING POWER INTERNATIONAL GROUP: KEY FACTS 88
10.11.3 FINANCIAL PERFORMANCE 88
10.11.4 PRODUCT BENCHMARKING 89
10.12 THE SHILLA DUTY FREE 90
10.12.1 COMPANY OVERVIEW 90
10.12.2 THE SHILLA DUTY FREE: KEY FACTS 90
10.12.3 PRODUCT BENCHMARKING 90
10.13 SAFILO 91
10.13.1 COMPANY OVERVIEW 91
10.13.2 SAFILO: KEY FACTS 91
10.13.3 FINANCIAL PERFORMANCE 91
10.13.4 PRODUCT BENCHMARKING 92
LIST OF TABLES
TABLE 1 GLOBAL DUTY-FREE RETAILING MARKET, BY TYPE, 2016 - 2025 (USD MILLION) 35
TABLE 2 GLOBAL DUTY-FREE RETAILING MARKET, BY SALES CHANNEL, 2016 - 2025 (USD MILLION) 38
TABLE 3 GLOBAL DUTY-FREE RETAILING MARKET, BY GEOGRAPHY, 2016 - 2025 (USD MILLION) 41
TABLE 4 NORTH AMERICA DUTY-FREE RETAILING MARKET, BY COUNTRY, 2016 - 2025 (USD MILLION) 43
TABLE 5 NORTH AMERICA DUTY-FREE RETAILING MARKET, BY TYPE, 2016 - 2025 (USD MILLION) 44
TABLE 6 NORTH AMERICA DUTY-FREE RETAILING MARKET, BY SALES CHANNEL, 2016 - 2025 (USD MILLION) 44
TABLE 7 U.S. DUTY-FREE RETAILING MARKET, BY TYPE, 2016 - 2025 (USD MILLION) 45
TABLE 8 U.S. DUTY-FREE RETAILING MARKET, BY SALES CHANNEL, 2016 - 2025 (USD MILLION) 45
TABLE 9 CANADA DUTY-FREE RETAILING MARKET, BY TYPE, 2016 - 2025 (USD MILLION) 46
TABLE 10 CANADA DUTY-FREE RETAILING MARKET, BY SALES CHANNEL, 2016 - 2025 (USD MILLION) 46
TABLE 11 MEXICO DUTY-FREE RETAILING MARKET, BY TYPE, 2016 - 2025 (USD MILLION) 47
TABLE 12 MEXICO DUTY-FREE RETAILING MARKET, BY SALES CHANNEL, 2016 - 2025 (USD MILLION) 47
TABLE 13 EUROPE DUTY-FREE RETAILING MARKET, BY COUNTRY, 2016 - 2025 (USD MILLION) 49
TABLE 14 EUROPE DUTY-FREE RETAILING MARKET, BY TYPE, 2016 - 2025 (USD MILLION) 50
TABLE 15 EUROPE DUTY-FREE RETAILING MARKET, BY SALES CHANNEL, 2016 - 2025 (USD MILLION) 50
TABLE 16 GERMANY DUTY-FREE RETAILING MARKET, BY TYPE, 2016 - 2025 (USD MILLION) 51
TABLE 17 GERMANY DUTY-FREE RETAILING MARKET, BY SALES CHANNEL, 2016 - 2025 (USD MILLION) 51
TABLE 18 UK DUTY-FREE RETAILING MARKET, BY TYPE, 2016 - 2025 (USD MILLION) 52
TABLE 19 UK DUTY-FREE RETAILING MARKET, BY SALES CHANNEL, 2016 - 2025 (USD MILLION) 52
TABLE 20 FRANCE DUTY-FREE RETAILING MARKET, BY TYPE, 2016 - 2025 (USD MILLION) 53
TABLE 21 FRANCE DUTY-FREE RETAILING MARKET, BY SALES CHANNEL, 2016 - 2025 (USD MILLION) 53
TABLE 22 ASIA PACIFIC DUTY-FREE RETAILING MARKET, BY COUNTRY, 2016 - 2025 (USD MILLION) 55
TABLE 23 ASIA PACIFIC DUTY-FREE RETAILING MARKET, BY TYPE, 2016 - 2025 (USD MILLION) 56
TABLE 24 ASIA PACIFIC DUTY-FREE RETAILING MARKET, BY SALES CHANNEL, 2016 - 2025 (USD MILLION) 56
TABLE 25 CHINA DUTY-FREE RETAILING MARKET, BY TYPE, 2016 - 2025 (USD MILLION) 57
TABLE 26 CHINA DUTY-FREE RETAILING MARKET, BY SALES CHANNEL, 2016 - 2025 (USD MILLION) 57
TABLE 27 JAPAN DUTY-FREE RETAILING MARKET, BY TYPE, 2016 - 2025 (USD MILLION) 58
TABLE 28 JAPAN DUTY-FREE RETAILING MARKET, BY SALES CHANNEL, 2016 - 2025 (USD MILLION) 58
TABLE 29 INDIA DUTY-FREE RETAILING MARKET, BY TYPE, 2016 - 2025 (USD MILLION) 59
TABLE 30 INDIA DUTY-FREE RETAILING MARKET, BY SALES CHANNEL, 2016 - 2025 (USD MILLION) 59
TABLE 31 LATIN AMERICA DUTY-FREE RETAILING MARKET, BY COUNTRY, 2016 - 2025 (USD MILLION) 61
TABLE 32 LATIN AMERICA DUTY-FREE RETAILING MARKET, BY TYPE, 2016 - 2025 (USD MILLION) 62
TABLE 33 LATIN AMERICA DUTY-FREE RETAILING MARKET, BY SALES CHANNEL, 2016 - 2025 (USD MILLION) 62
TABLE 34 BRAZIL DUTY-FREE RETAILING MARKET, BY TYPE, 2016 - 2025 (USD MILLION) 63
TABLE 35 BRAZIL DUTY-FREE RETAILING MARKET, BY SALES CHANNEL, 2016 - 2025 (USD MILLION) 63
TABLE 36 REST OF THE WORLD DUTY-FREE RETAILING MARKET, BY APPLICATION, 2016 - 2025 (USD MILLION) 64
TABLE 37 REST OF THE WORLD DUTY-FREE RETAILING MARKET, BY TOUCHPOINT, 2016 - 2025 (USD MILLION) 64
TABLE 38 VENDOR LANDSCAPE 66
TABLE 39 KEY DEVELPOMENT STRATEGIES 67
TABLE 40 DUFRY AG: KEY FACTS 70
TABLE 41 DUFRY AG: FINANCIAL PERFORMANCE 70
TABLE 42 DUFRY AG : PRODUCT BENCHMARKING 71
TABLE 43 LAGARDÈRE TRAVEL RETAIL SAS: KEY FACTS 73
TABLE 44 LAGARDÈRE TRAVEL RETAIL SAS: FINANCIAL PERFORMANCE 73
TABLE 45 LAGARDÈRE TRAVEL RETAIL SAS: PRODUCT BENCHMARKING 74
TABLE 46 LOTTE DF GLOBAL CO., LTD.: KEY FACTS 76
TABLE 47 LOTTE DF GLOBAL CO., LTD.: FINANCIAL PERFORMANCE 76
TABLE 48 LOTTE DF GLOBAL CO., LTD. : PRODUCT BENCHMARKING 77
TABLE 49 LVMH MOËT HENNESSY LOUIS VUITTON S.E.: KEY FACTS 79
TABLE 50 LVMH MOËT HENNESSY LOUIS VUITTON S.E.: FINANCIAL PERFORMANCE 80
TABLE 51 LVMH MOËT HENNESSY LOUIS VUITTON S.E.: PRODUCT BENCHMARKING 81
TABLE 52 AER RIANTA INTERNATIONAL: KEY FACTS 82
TABLE 53 AER RIANTA INTERNATIONAL: PRODUCT BENCHMARKING 82
TABLE 54 CHINA DUTY FREE GROUP : KEY FACTS 83
TABLE 55 CHINA DUTY FREE GROUP : PRODUCT BENCHMARKING 83
TABLE 56 DUBAI DUTY FREE : KEY FACTS 84
TABLE 57 DUBAI DUTY FREE: PRODUCT BENCHMARKING 84
TABLE 58 DUTY FREE AMERICAS, INC. : KEY FACTS 85
TABLE 59 DUTY FREE AMERICAS, INC. : PRODUCT BENCHMARKING 85
TABLE 60 GEBR. HEINEMANN SE & CO. KG: KEY FACTS 86
TABLE 61 GEBR. HEINEMANN SE & CO. KG : PRODUCT BENCHMARKING 86
TABLE 62 JR/ DUTY FREE : KEY FACTS 87
TABLE 63 JR/ DUTY FREE : PRODUCT BENCHMARKING 87
TABLE 64 KING POWER INTERNATIONAL GROUP: KEY FACTS 88
TABLE 65 KING POWER INTERNATIONAL GROUP: FINANCIAL PERFORMANCE 88
TABLE 66 KING POWER INTERNATIONAL: PRODUCT BENCHMARKING 89
TABLE 67 THE SHILLA DUTY FREE : PRODUCT BENCHMARKING 90
TABLE 68 SAFILO GROUP: FINANCIAL PERFORMANCE 91
TABLE 69 SAFILO GROUP : PRODUCT BENCHMARKING 92
LIST OF FIGURES
FIGURE 1 GLOBAL DUTY-FREE RETAILING MARKET SEGMENTATION 12
FIGURE 2 RESEARCH TIMELINES 13
FIGURE 3 DATA TRIANGULATION 16
FIGURE 4 MARKET RESEARCH FLOW 18
FIGURE 5 DATA SOURCES 18
FIGURE 6 PRIMARY INTERVIEWS BREAKDOWN 19
FIGURE 7 PRIMARY INTERVIEWS TRANSCRIPTS 19
FIGURE 8 GLOBAL DUTY-FREE RETAILING MARKET OVERVIEW 20
FIGURE 9 GLOBAL DUTY-FREE RETAILING MAKRET (USD MILLION) 2017 V/S 2025 21
FIGURE 10 GLOBAL DUTY-FREE RETAILING MARKET GEOGRAPHICAL ANALYSIS, 2017 22
FIGURE 11 GLOBAL DUTY-FREE RETAILING MARKET, BY TYPE, 2017 VS 2025 (USD MILLION) 23
FIGURE 12 GLOBAL DUTY-FREE RETAILING MARKET, BY SALES CHANNEL, 2017 VS 2025 (USD MILLION) 24
FIGURE 13 ASIA PACIFIC DOMINATED THE MARKET IN 2017 25
FIGURE 14 CAGR BY COUNTRY, 2018 - 2025 26
FIGURE 15 GLOBAL DUTY-FREE RETAILING MARKET OUTLOOK 27
FIGURE 16 GLOBAL INTERNATIONAL TOURIST ARRIVALS 2005-2030 (BILLION) 28
FIGURE 17 VALUE CHAIN ANALYSIS 31
FIGURE 18 PORTER'S FIVE FORCES ANALYSIS 32
FIGURE 19 GLOBAL DUTY-FREE RETAILING MARKET, BY TYPE 34
FIGURE 20 GLOBAL DUTY-FREE RETAILING MARKET, BY SALES CHANNEL 37
FIGURE 21 GLOBAL DUTY-FREE RETAILING MARKET, BY GEOGRAPHY, 2016 - 2025 (USD MILLION) 41
FIGURE 22 NORTH AMERICA MARKET SNAPSHOT 42
FIGURE 23 NORTH AMERICA DUTY-FREE RETAILING MARKET SHARE, BY COUNTRY, 2017 43
FIGURE 24 EUROPE MARKET SNAPSHOT 48
FIGURE 25 EUROPE DUTY-FREE RETAILING MARKET, BY COUNTRY, 2017 49
FIGURE 26 ASIA PACIFIC MARKET SNAPSHOT 54
FIGURE 27 ASIA PACIFIC DUTY-FREE RETAILING MARKET, BY COUNTRY, 2017 55
FIGURE 28 LATIN AMERICA MARKET SNAPSHOT 60
FIGURE 29 LATIN AMERICA DUTY-FREE RETAILING MARKET, BY COUNTRY, 2017 61
FIGURE 30 COMPANY MARKET SHARE ANALYSIS 65
FIGURE 31 DUFRY AG PERFORMANCE, REVENUE 2015 - 2017 (CHF MILLION) 71
FIGURE 32 SWOT ANALYSIS: DUFRY 72
FIGURE 33 LAGARDÈRE TRAVEL RETAIL SAS PERFORMANCE, REVENUE 2015 - 2017 (EURO MILLION) 74
FIGURE 34 SWOT ANALYSIS: LAGARDERE TRAVEL RETAIL SAS 75
FIGURE 35 LOTTE DF GLOBAL CO., LTD. PERFORMANCE, REVENUE 2015 - 2017 (KRW MILLION) 77
FIGURE 36 SWOT ANALYSIS: LOTTE DF GLOBAL CO., LTD. 78
FIGURE 37 LVMH MOËT HENNESSY LOUIS VUITTON S.E. PERFORMANCE, REVENUE 2015-2017 (EURO BILLION) 80
FIGURE 38 SWOT ANALYSIS: LVMH MOËT HENNESSY LOUIS VUITTON S.E. 81
FIGURE 39 KING POWER INTERNATIONAL GROUP PERFORMANCE, REVENUE 2014-2016 (EURO MILLION) 89
FIGURE 40 SAFILO GROUP PERFORMANCE, REVENUE 2015-2017 (EURO MILLION) 92
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