Research and Markets (http://www.researchandmarkets.com/research/2vx6sf/global_dutyfree) has announced the addition of the "Global Duty-free Retailing Market 2015-2019" report to their offering.
The report predicts the global duty-free retailing market to grow steadily at a CAGR of around 9% during the forecast period. The increase in international travelers is the primary driver for the growth of this market. The number of foreign travelers during 2014 was around 1 billion, with Europe emerging as the most popular destination.
However, the restrictions on the baggage weight is expected to deter the growth of this market during the forecast period.
The fashion, accessories, and hard luxury segment dominated the duty-free retailing market during 2014 with a market share of around 32%. This segment is anticipated to retain its market dominance until the end of 2019, growing at a rate of 11%. Precious jewelry, briefcases, handbags, and shoes are the key driving products in this category.
APAC accounted for 38% of the market share during 2014 and is expected to grow at a CAGR of 11% during the forecast period. South Korea, China, Hong Kong, Singapore and Thailand are the key countries that are driving the sales in this market. South Korea and China contribute around 20% of the global revenue from duty-free retailing.
Companies Mentioned:
- DFS
- Dufry
- Lotte
- Lagardère
- The Nuance Group
- Aer Rianta International
- China Duty-free Group
- Dubai Duty-free
- Duty-free Americas
- Gebr. Heinemann
- James Richardson
- King Power International
- The Shilla Duty-free.
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by products
PART 07: Market segmentation by distribution channels
PART 08: Market segmentation by geographies
PART 09: Key leading countries
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
For more information visit http://www.researchandmarkets.com/research/2vx6sf/global_dutyfree
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