DUBLIN, Jan. 11, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/mkplrf/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.
Technology is bringing the customers to the digital platform that helps them to choose their preferences, price ranges, brands, etc., in much less time. The introduction of wireless-enabled kiosks has allowed passengers to buy anytime from wherever they are standing. These kiosks are available even outside the duty-free shops and can be found anywhere in the entire airport space.
According to the report, airports are not only relying on aviation for their revenue as 39% of global airports revenue is from non-aeronautical revenues that include duty-free retailers, car parking, and advertisings. Among these non-aeronautical revenues, duty-free retailing revenues represent 30%. Hence, many airports are giving more space for duty-free shops because the revenue generated from such stores is growing significantly.
Further, the report states that currency fluctuation has been affecting the growth of the market.
Key questions answered in the report include:
- What will the market size and the growth rate be in 2019?
- What are the key factors driving the global duty-free retailing market?
- What are the Key market trends impacting the growth of the duty-free retailing market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global duty-free retailing market?
- Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA?
- What are the key outcomes of the five forces analysis of the duty-free retailing market?
- 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/mkplrf/global_dutyfree
Laura Wood, +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets