Global Travel Retail Market – Industry Trends and Forecast to 2026

Global Travel Retail Market – Industry Trends and Forecast to 2026 Market Analysis: Global Travel Retail Market Global travel retail market is expected to rise to an estimated value of USD 146.53 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the growing availability of these retail shops in the different applications such as hotels, greater exposure in airports and waterways.

Market Definition: Global Travel Retail Market Travel retail also known as duty free is a sales process consisting of commercialization of goods pertaining to the different product categories. This sales channel consists of goods that have not had the taxation, excise applied on their sale price and for sales to customers that are travellers. The taxation depends on product variation and also on the variety of regions that it is being sold in. The goods available are also limited to a certain quantity per individual.

Get Exclusive Sample Report@ https://databridgemarketresearch.com/request-asample/?dbmr=global-travel-retail-market Global Travel Retail Market Segmentation:

By Product Type

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Perfume & Cosmetics Wine & Spirits Electronics Fashion & Accessories Luxury Goods Food, Confectionaries & Catering Tobacco Others

By Sales Channel       

Airport Cruise Liner Railway Station Border Downtown Hotel Shops Others

By Geography                     

North America U.S. Canada Mexico South America Brazil Argentina Rest of South America Europe Germany Sweden Poland Denmark Italy U.K. France Spain Netherlands Belgium Switzerland Turkey

                       

Russia Rest of Europe Asia-Pacific Japan China India South Korea New Zealand Vietnam Australia Singapore Malaysia Thailand Indonesia Philippines Rest of Asia-Pacific Middle East and Africa UAE Saudi Arabia Oman Qatar Kuwait South Africa Rest of Middle East and Africa

Key Market Competitors: Few of the major competitors currently working in the global travel retail market are Aer Rianta International; DFS Group Ltd.; KING POWER International; DubaiDutyFree.com; China Duty Free Group Co.,Ltd.; Gebr. Heinemann SE & Co. KG; Dufry; Duty Free Americas, Inc.; Lotte Duty Free; Lagardère Travel Retail; THE SHILLA DUTY FREE; Flemingo; JR/Group; Qatar Duty Free; 3Sixty Duty Free, among others.

Make an Inquiry for Discount On this Report @ https://databridgemarketresearch.com/inquirebefore-buying/?dbmr=global-travel-retail-market Market Drivers: 

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Increasing levels of disposable income of individuals resulting in greater population base travelling cross-country and engaged in availing these particular services; this factor is expected to drive the growth of the market Surge in adoption of travel & tourism services is expected to drive the growth of the market

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Significant rush in the levels of urbanization of the world is expected to augment growth in the market Better facilitation for travelling which is a result of digitalization in airports inducing a rise in the population travelling across different regions is also expected to foster growth of the market

Market Restraints:   

Concerns regarding the presence of regulations for sales of particular goods only in the airport sales channel is expected to hinder the growth of the market Large costs associated with the operations of these retail shops reducing the profit margins/ratio of sales; this factor is expected to restrain the growth of the market Currency fluctuations, growing corruption and grey market also hampers the market growth

Competitive Analysis:

Global travel retail market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of travel retail market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key insights in the report: • • • •

Complete and distinct analysis of the market drivers and restraints Key Market players involved in this industry Detailed analysis of the Market Segmentation Competitive analysis of the key players involved

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