Global Travel Retail Market Size By Channel, By Product Type, By Geographic Scope And Forecast
Report Highlights
Travel Retail Market Insights
Travel Retail Market was valued at USD 95.30 Billion in 2020 and is projected to reach USD 195.22 Billion by 2028, growing at a CAGR of 9.40% from 2021 to 2028.
The Travel Retail Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Travel Retail Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.
Global Travel Retail Market Overview
Continuous and hasty growth of global travel and tourism has fueled the growth of the Global Travel Retail Market. The increase in footfalls of domestic as well as international travelers mainly in the case of air travel has played a key role in the growth of the market. Increased quality of infrastructure and retail offerings is another factor determining positive trends for the market.
This report provides an all-inclusive environment for the analysis of the Travel Retail Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews, and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political, and economic factors along with the current market dynamics affecting the Travel Retail Market growth.
Along with the market overview, which comprises the market dynamics the chapter includes Porter’s Five Forces analysis which explains the five forces: namely buyers’ bargaining power, suppliers’ bargaining power, the threat of new entrants, the threat of substitutes, and degree of competition in the Travel Retail Market. It explains the various participants, such as system integrators, intermediaries, and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Travel Retail Market.
Report Synopsis
| Report Metrics | Details |
| Base year considered | 2020 |
| Forecast period considered | 2021-2028 |
| Base year market size | 95.30 $ Billion |
| Market size forecast | 195.22 $ Billion |
| Growth rate | 9.4% |
| Units considered | $ Billion |
| Segments covered | Channel, Product Type, And Geography. |
| Industry covered | Retail & eCommerce |
| Companies studied |
|
Global Travel Retail Market Segmentation Analysis
The Global Travel Retail Market is Segmented on the basis of Channel, Product Type, And Geography.
Key Players In Travel Retail Market
The report has profiled some leading companies in the segment of the Global Travel Retail Market. It provides competitive insights on the performance of the mentioned companies. The Global Travel Retail Market key players are Dufry, Lotte Duty Free, The Shilla Duty Free, China Duty Free Group, Lagardere Travel Retail, DFS Group, Gebr Heinemann, Sinsegae Duty Free, King Power International Group, Ever Rich Duty Free.
Verified Market Research has been providing Research Reports, with up to date information, and in-depth analysis, for several years now, to individuals and companies alike that are looking for accurate Research Data. It has large database which includes the latest content from renowned authors and publications worldwide. It also provides customized Data and Reports according to the need of the client.