New international airports are being built all over the world, creating significant economic opportunities for those involved in the industry. For example, the Airport Authority of India (AAI), a governmental organization in India that manages 125 airports, approved the first phase of an international airport called "Dholera" in Gujarat for USD 135.07 million in February 2021. (INR 987 crore).
Duty-Free Retail Market Report Overview:
Stellar Market Research has published an intelligence report entitled Duty-Free Retail Market, which includes Manufacturers, Regions, Types, Applications and Forecast to 2029 that is the complete creation of meticulous primary and secondary research. The report thoroughly covers analysis of insights in view of the Duty-Free Retail market along with its ever-changing patterns, industry environment, and all dominant aspects of the market.
Duty-Free Retail Market Scope and Research Methodology
Duty-Free Retail Market report provides vital statistics and analytical knowledge to grant an entire understanding of the market size, share, growth, trend, demand, top players and industry summary, opportunities, worth cycle, end-users, technology, types and application. Additionally, the Duty-Free Retail market report shall also incorporate available opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players.
The qualitative and quantitative data provided in the Duty-Free Retail market report, help decision-makers understand which market segments and regions are expected to grow at higher rates. The report also includes the competitive landscape of key players in the industry along with emerging trends in the Duty-Free Retail market.
The reports provided by Stellar Market Research provide PESTLE analysis to help clients shape their business strategy. Political factors such as taxation, environmental regulations and tariffs help governments determine the extent to which they can influence the Duty-Free Retail market. Economic factors such as interest rates, exchange rates, inflation and wage rates, and minimum wages can help you analyse the determinants of economic performance that affect the Duty-Free Retail market. Legal factors help us understand the impact of environmental impacts and considerations on the Duty-Free Retail market.
Duty-Free Retail Market Size was valued at USD 39.08 billion in 2021. Global Duty-Free Retail Market size is estimated to grow at a CAGR of 9.1 % over the forecast period.
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Duty-Free Retail Market Key Players:
China Duty-Free Group (China)
Lotte Duty-Free (South Korea)
The Shilla Duty-Free (South Korea)
Dufry AG (Switzerland)
DFS Group (China)
Gebr. Heinemann SE & Co. KG (Germany)
Shinsegae Duty-Free Inc. (South Korea)
The King Power International Group (Thailand)
Lagardère Group (France)
Dubai Duty-Free (UAE)
Duty-Free Retail Market Segmentation:
The international market is divided into types, such as cigarettes, alcohol, cosmetics, and perfumes. Throughout the forecast period, the perfumes segment is expected to account for the majority of market share. Luxury fragrances are distributed to duty-free shops all over the world by well-known international networks.
Duty-Free Retail Market Regional Analysis:
Geographically, the report is segmented into several key countries, with market size, growth rate, import and export of Duty-Free Retail market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.
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Key Questions answered in the Duty-Free Retail Market Report are:
- Which segment grabbed the largest share in the Duty-Free Retail market?
- How is the competitive scenario of the Duty-Free Retail market?
- Which are the key factors driving the Duty-Free Retail market growth?
- Which region holds the maximum share in the Duty-Free Retail market?
- What will be the CAGR of the Duty-Free Retail market during the forecast period?
- Which are the prominent players in the Duty-Free Retail market?
About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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