Latest research report on “Duty Free Retailing Market” now available at high quality database of ReportsnReports.com with market size, share, trends, competitive and statistical analysis. An exclusive data offered in this report is collected by research and industry experts team.
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This report studies the Duty-Free Retailing market. Duty-free shops (or stores) are retail outlets that are exempt from the payment of certain local or national taxes and duties, on the requirement that the goods sold will be sold to travelers who will take them out of the country. Which products can be sold duty-free vary by jurisdiction, as well as how they can be sold, and the process of calculating the duty or refunding the duty component.
However, some countries impose duty on goods brought into the country, though they had been bought duty-free in another country, or when the value or quantity of such goods exceed an allowed limit. Duty-free shops are often found in the international zone of international airports, sea ports, and train stations but goods can also be bought duty-free on board airplanes and passenger ships. They are not as commonly available for road or train travelers, although several border crossings between the United States and both Canada and Mexico have duty-free shops for car travelers. In some countries, any shop can participate in a reimbursement system, such as Global Blue and Premier Tax Free, wherein a sum equivalent to the tax is paid, but then the goods are presented to customs and the sum reimbursed on exit.
This report contains market size and forecasts of Duty Free Retailing in Global, including the following market information:
Global Duty Free Retailing Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Duty Free Retailing market was valued at 75180 million in 2021 and is projected to reach US$ 202610 million by 2028, at a CAGR of 15.2% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Cosmetics & Personal Care Products Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Duty Free Retailing include Dufry, Lagardère Travel Retail, Lotte Duty Free, LVMH, Aer Rianta International (ARI), China Duty Free Group, Dubai Duty Free, Duty Free Americas and Gebr. Heinemann, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Duty Free Retailing companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Duty Free Retailing Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Duty Free Retailing Market Segment Percentages, by Type, 2021 (%)
– Cosmetics & Personal Care Products
– Alcohol, Wine and Spirits
– Tobacco & Cigarettes
– Fashion & Luxury Goods
– Confectionery & Food Stuff
Global Duty Free Retailing Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Duty Free Retailing Market Segment Percentages, by Application, 2021 (%)
– Onboard Aircraft
– Train Stations
Global Duty Free Retailing Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Duty Free Retailing Market Segment Percentages, By Region and Country, 2021 (%)
– North America
– – US
– – Canada
– – Mexico
– – Germany
– – France
– – U.K.
– – Italy
– – Russia
– – Nordic Countries
– – Benelux
– – Rest of Europe
– – China
– – Japan
– – South Korea
– – Southeast Asia
– – India
– – Rest of Asia
– South America
– – Brazil
– – Argentina
– – Rest of South America
– Middle East & Africa
– – Turkey
– – Israel
– – Saudi Arabia
– – UAE
– – Rest of Middle East & Africa
The report also provides analysis of leading market participants including:
Key companies Duty Free Retailing revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Duty Free Retailing revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
– Lagardère Travel Retail
– Lotte Duty Free
– Aer Rianta International (ARI)
– China Duty Free Group
– Dubai Duty Free
– Duty Free Americas
– Gebr. Heinemann
– King Power International Group (Thailand)
– The Shilla Duty Free
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