Global Duty-Free Retailing market is expected to reach 49.85 Billion USD by the end of 2022

Global Duty-Free Retailing market is expected to reach 49.85 Billion USD by the end of 2022 QYRESEARCH FOCUS ON MARKET SURVEY AND RESEARCH

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QYResearch Duty-free shops (or stores) are retail outlets that are exempt from the payment of certain local or national taxes and duties, on the requirement that the goods sold will be sold to travelers who will take them out of the country. Which products can be sold duty-free vary by jurisdiction, as well as how they can be sold, and the process of calculating the duty or refunding the duty component.

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QYResearch The global Duty-Free Retailing market is valued at 33.50 Billion USD in 2016 and is expected to reach 49.85 Billion USD by the end of 2022, growing at a CAGR of 5.84% between 2016 and 2022.

Asia Pacific ranks the top in terms of global market size of Duty-Free Retailing, it consists of 26.1% of the international market in 2016. North America comes the second, with 22.4% of the global market. Middle East and Africa together consist of 16.2% of the Duty-Free Retailing market in the same year.

Dufry ranks the first in terms of revenue share in Global market of Duty-Free Retailing, occupies 22.29% of market share in 2016; While, Lotte Duty Free, with a market share of 12.07%, comes the second; All the other manufacturers which are not included in the report together only consist of approximately 5.60% of the global market in 2016.

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QYResearch

In the next five years, the global consumption of Duty-Free Retailing will show upward tendency further, market size is expected to be about 49.85 B USD by 2022. Despite the presence of fierce competition and the trend of price decrease, due to the stable demand, together with the development of the related industries. Investors are quite optimistic about this industry. There will be more new investors entering this field in the near future.

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