Worldwide Duty Free Industry to 2025 - Growing Penetration of E-Commerce is Driving the Market

Dublin, July 20, 2021 (GLOBE NEWSWIRE) -- The "Global Duty Free Market: Size, Trends & Forecast with Impact Analysis of COVID-19 (2021-2025)" report has been added to ResearchAndMarkets.com's offering.

This report provides an in depth analysis of the global duty free market by value, by product, by distribution channels, by region, etc. The report provides a regional analysis of the duty free market, including the following regions: Asia Pacific, Europe, North America Middle East and Africa. The report also provides a detailed analysis of the COVID-19 impact on the duty free market.

The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall duty free market has also been forecasted for the period 2021-2025, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

The global duty free market is fragmented with many major market players operating worldwide. The key players of the duty free market are Dubai Duty Free, Lotte Duty Free, Lagardere and Dufry AG are also profiled with their financial information and respective business strategies.

Regional Coverage

• Asia Pacific

• Europe

• North America

• Middle East

• Africa

The duty free market can be segmented on the basis of products, named as: fragrances & cosmetics, wines & sprits, fashion & accessories, watches, jewelry & fine writing, confectionery & fine food and electronics gifts & others and on the basis of distribution channels, such as airports, airlines, ferries and other shops and sales.

The global duty free market has increased significantly during the years 2016-2020 and projections are made that the market would rise in the next four years i.e. 2021-2025 tremendously. The duty free market is expected to increase due to growing gross national income, growing urbanization, growing penetration of e-commerce, rising tourism and decreasing cost of air fares. Yet, the market faces some challenges such as economic slowdown, stringent government regulations and a high degree of competition.

Key Topics Covered:

1. Executive Summary

2. Introduction
2.1 Duty Free: Overview
2.2 Duty Free Sales Model: Overview
2.3 Duty Free Segmentation: Overview

3. Global Market Analysis
3.1 Global Duty Free Market: An Analysis
3.1.1 Global Duty Free Market by Value
3.1.2 Global Duty Free Market by Products (Fragrances & Cosmetics; Wines & Sprits; Fashion & Accessories; Electronics, Goods & Others; Watches, Jewelry & Fine Writing; Confectionery & Fine Food And Electronics, Gifts & Others)
3.1.3 Global Duty Free Market by Distribution channels (Airports, Airlines, Ferries and Other Shops & Sales)
3.1.4 Global Duty Free Market by Region (Asia Pacific, Europe, North America, Middle East and Africa)
3.2 Global Duty Free Market: Product Analysis
3.2.1 Global Fragrances & Cosmetics Duty Free Market by Value
3.2.2 Global Wine & Spirits Duty Free Market by Value
3.2.3 Global Fashion & Accessories Duty Free Market by Value
3.2.4 Global Tobacco Goods Duty Free Market by Value
3.2.5 Global Watches, Jewelry & Fine Writing Duty Free Market by Value
3.2.6 Global Confectionery & Fine Food Duty Free Market by Value
3.2.7 Global Electronics, Goods and Others Duty Free Market by Value
3.3 Global Duty Free Market : Distribution Channel Analysis
3.3.1 Global Airport Duty Free Market by Value
3.3.2 Global Airline Duty Free Market by Value
3.3.3 Global Ferries Duty Free Market by Value
3.3.4 Global Other Shops and Sales Duty Free Market by Value

4. Regional Market Analysis
4.1 Asia Pacific Duty Free Market: An Analysis
4.1.1 Asia Pacific Duty Free Market by Value
4.1.2 Asia Pacific Duty Free Market by Region (China, Korea and Rest of Asia Pacific)
4.1.3 The China Duty Free Market by Value
4.1.4 The Korea Duty Free Market by Value
4.2 Europe Duty Free Market: An Analysis
4.2.1 Europe Duty Free Market by Value
4.3 North America Duty Free: An Analysis
4.3.1 North America Duty Free Market by Value
4.4 Middle East Duty Free Market: An Analysis
4.4.1 Middle East Duty Free Market by Value
4.5 Africa Duty Free Market: An Analysis
4.5.1 Africa Duty Free Market by Value

5. Impact of COVID-19
5.1 COVID-19 Impact on Global Duty Free Market
5.2 Impact of COVID-19 on Travel and Tourism Industry
5.3 Impact of COVID-19 on Luxury Goods Market
5.4 Impact of COVID-19 on Retail Sales Growth

6. Market Dynamics
6.1 Growth Drivers
6.1.1 Growing Gross National Income
6.1.2 Growing Urbanization
6.1.3 Growing Penetration of E-Commerce
6.1.4 Rising Tourism
6.1.5 Decreasing Cost of Air Fares
6.2 Challenges
6.2.1 Economic Slowdown
6.2.2 Stringent Government Regulations
6.2.3 High Degree of Competition
6.3 Market Trends
6.3.1 Increasing Demand from Emerging Economics
6.3.2 Mergers, Acquisitions and Partnership
6.3.3 Digitizing Duty Free Retail

7. Competitive Landscape
7.1 Global Duty Free Market Players: A Financial Comparison

8. Company Profile
8.1 Dubai Duty Free (Investment Corporation of Dubai)
8.1.1 Business Overview
8.1.2 Financial Overview
8.1.3 Business Strategy
8.2 Lagardere
8.2.1 Business Overview
8.2.2 Financial Overview
8.2.3 Business Strategy
8.3 Dufry AG
8.3.1 Business Overview
8.3.2 Financial Overview
8.3.3 Business Strategy
8.4 Lotte Duty Free (Lotte Corporation)
8.4.1 Business Overview
8.4.2 Financial Overview
8.4.3 Business Strategy

For more information about this report visit https://www.researchandmarkets.com/r/v32vyk

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