Global Duty-Free Retailing Market
Duty-Free Retailing Market Size And Forecast
According to Verified Market Research, Global Duty-Free Retailing Market was valued at USD 85.40 billion in 2019 and is projected to reach USD 139.29 billion by 2027, growing at a CAGR of 6.8% from 2020 to 2027.
Global Duty Free Retailing Market Outlook
A number of countries, such as France and the United States, are consistently popular tourism destinations, but other, less well-known countries are quickly emerging in order to reap the economic benefits of the industry.
The travel & tourism industry is growing with the expansion of low-cost airlines and the incorporation of new air routes across the globe. In addition, the rising disposable income of middle-class families in emerging countries, along with the expansion of downtown duty-free locations and growing online duty-free shops available in the market have boomed the growth of tourists in various travel destinations. Increasing travelers from emerging countries and in general International travel is expected to accelerate over the forecast period.
Global Duty-Free Retailing Market Segmentation
The Global Duty-Free Retailing Market is classified on the basis of Sales Channel, Type, and Geography. The gist of breaking down the market into various segments is to gather information about various aspects of the market.
Global Duty-Free Retailing Market Competitive Landscape
The Global Duty-Free Retailing Market study report offers a valuable insight with an emphasis on the global market including some of the major players such as Dufry, Lotte Duty-Free, Dubai Duty-Free and Lagardère Travel Retail.
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