The global Duty Free Retailing Market size was valued at USD 35.87 billion in 2022 and is expected to reach USD 72.23 billion by 2030, at a CAGR of 9.17% during the forecast period. Global Duty Free Retailing Market Reports give a Key study on the industry status of the Duty Free Retailing Industry Manufacturer with the specific statistics, meaning, definition, SWOT Analysis, expert opinion, and recent development across the globe. The research report also covers the Market Size, Price, Sales, Revenue, Market share, Gross Margin, growth rate, and cost structure. The report aims to give an additional sample of the latest scenario, economic slowdown, and Covid-19 impact on overall Industry.
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People who sell things to people from other countries are exempt from some local and national taxes and duties. This is called “duty-free retailing.” But taxes may be charged on these goods when the buyer gets to the country where they are going or when the value or number of these goods goes over a certain limit. These shops are in foreign airports, border towns, seaports, train stations, and on planes and ships. The store sells a lot of different things, from perfumes and cosmetics to cigarettes, candies, electronics, and accessories.
Due to the unusual and scary global COVID-19 pandemic, demand for duty-free retail goods has dropped below what was expected compared to levels before the pandemic. Based on our research, the world market was 42.38% smaller in 2020 than it was in 2019.
Competitive Landscape and Global Market Share Analysis:
Dufry AG, LOTTE Duty Free Company, DFS Group Limited, Gebr. Heinemann SE & Co. KG, The Shilla Duty Free, The King Power International Group, James Richardson Corporation Pty Ltd., Duty Free Americas, Inc., Flemingo International Ltd., Dubai Duty Free, and China Duty Free Group Co., Lotte Duty Free (South Korea), The Shilla Duty Free (South Korea), Dufry AG (Switzerland), DFS Group (China), Gebr. Heinemann SE & Co. KG (Germany), Shinsegae Duty Free Inc. (South Korea), Others
Market Segmentation:
By Type:
- Perfumes
- Cosmetics
- Alcohol
- Cigarettes
- Others
By Sales Channel:
- Airports
- Onboard Aircraft
- Seaports
- Train Stations
- Others
The report on the Duty Free Retailing market covers the following region (country) analysis:
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
Regional Insights:
During the forecast period, the duty-free retailing market in Asia-Pacific is projected to grow by a large amount. Recent changes in Asian countries may make it possible for duty-free shops, both now and in the future, to sell a wide range of new goods. In the June 1, 2020 master plan, for example, the Chinese central government announced several policies that would help build the Hainan Free Trade Port on China’s southern coast. The government also said that by 2050, the Hainan Free Trade Port will be known all over the world as a free trade port. In the coming years, this strategic move is likely to help domestic retail chains that sell a wide range of duty-free goods.
Following are the major TOC of the Duty Free Retailing Market:
Chapter 1: Duty Free Retailing Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Global Duty Free Retailing Market Competition by Manufacturers
Chapter 4: Global Production, Profits (Value) by Region
Chapter 5: Global Supply (Production), Import, Export, Consumption, by Regions
Chapter 6: Global Price Trend by Type, Revenue (Value), Production
Chapter 7: Manufacturing Cost Analysis
Chapter 8: Global Market Analysis by Application
Chapter 9: Industrial Chain and Downstream Buyers, Sourcing Strategy
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Global Duty Free Retailing Market Forecast
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Key Reasons to Purchase Duty Free Retailing Market report:
The report provides a thorough examination of the manufacturing methods, as well as ideas to reduce development risk, major market growth challenges and strategic inputs to overcome the market threats.
In-depth market analysis and an overview of the global Duty Free Retailing Market trend and commercial landscape are included in the report. In addition, the report discusses the effect of COVID-19 on the market.
Reader can acquire a better interpretation of the Duty Free Retailing Market forecast’s future view and opportunities from the report.
The report contains an analysis of recent developments as well as profiles of important market leaders and key players.
To gain an understanding of the market strategies by the leading market players in the Duty Free Retailing
The report analyses the most important driving and restraining factors in the industry, as well as their impact on global market growth.
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