The Report “Europe Airport Retailing Market By Category (Liquor & Tobacco, Perfumes & Cosmetics, Fashion & Accessories, Food & Confectionery), By Type (Direct Retailer, Department Store, Specialty Retailer, Supermarkets), By Airport Size, By Geography - Analysis & Forecast to 2020” is estimated to reach $22.00 billion by 2020, at a CAGR of 14.4% from 2015 to 2020.
Browse through the TOC of the Europe Airport Retailing Market for an analysis of industry trends and segments, with the help of various tables and figures.
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The report ‘Europe Airport Retailing Market (2015-2020)’ defines and segments the airport retailing market in Europe into various segments with an in-depth analysis and forecast of revenue. This research report also identifies the factors driving this market and the various restraints impacting it, along with the future roadmap.
The rapid change in consumer habits, retail landscapes, and buying behavior have given rise to the concept of airport retailing. The airport retailing business refers to retail trade, catering, shopping, dining, and advertising within an airport premise. The air transport industry is constantly evolving, with a growing emphasis on airport retailing mainly due to the duty-free retail market.
In recent years, the rise in tourism, investments in general improvement and renovation of airports, and substantial changes in customer experience management have stimulated the growth of the airport retailing market in Europe. Furthermore, the increased number of international passengers at airport terminals, affordable airline prices, and global rise of disposable income has given plenty of prospects to the duty-free and duty-paid shops to exploit the available opportunities.
Due to the popularity of the European countries as the most-liked holiday destinations, it is one of the largest contributors in the global airport retailing market with a share of 38.3%, followed by North America. The key factors contributing to this high growth of the European market are growing tourism industry, investments in the expansions & upgrade of airports, and rise in expenditure on international holidays. However, factors such as one bag rule and strict laws on duty-free shopping are expected to limit this market’s growth. Although, these factors are expected to have an impact only for a short period of time and these regulations are likely to be eased by 2016.
MicroMarketMonitor broadly segments the Europe Airport retailing market by category: liquor & tobacco, perfumes & cosmetics, fashion & accessories, food & confectionery, and others; by type: direct retailer, department store, specialty retailer, and supermarkets; by airport size: large, medium, and small; and by geography: the U.K., Germany, France, Italy, Spain, the Netherlands, Switzerland, Denmark Norway, Austria, Sweden, and Belgium.
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