Report on Duty-Free Retailing Global Market

Report on Duty-free Retailing Global Market

Bharat Book Bureau provides the report, on “ Report on Duty-free Retailing Global Market" https://www.bharatbook.com/retail-market-research-reports-741817/duty-free-retailing-global.html research analyst predicts the global duty-free retailing market to grow steadily at a CAGR of around 9% during the forecast period.

07th Jan2016 Mumbai, India: Bharatbook.com announces a report on “ Report on Duty-free Retailing Global Market ".the report also disscussed the restrictions on the baggage weight is expected to deter the growth of this market during the forecast period. For instance, in the economy class of Lufthansa, passengers are only allowed one hand baggage of up to 8 kilos.

Overview of the duty-free retailing market

research analyst predicts the global duty-free retailing market to grow steadily at a CAGR of around 9% during the forecast period. The increase in international travelers is the primary driver for the growth of this market. The number of foreign travelers during 2014 was around 1 billion, with Europe emerging as the most popular destination.

However, the restrictions on the baggage weight is expected to deter the growth of this market during the forecast period. For instance, in the economy class of Lufthansa, passengers are only allowed one hand baggage of up to 8 kilos. This restriction creates a loss of opportunity for products like alcohol that is heavier than any other product group.

Product segmentation and analysis of the duty-free retailing market

Fashion, accessories and hard luxury

Perfumes and cosmetics

Wines and spirits

Tobacco

Confectionary and fine food

The fashion, accessories, and hard luxury segment dominated the duty-free retailing market during 2014 with a market share of around 32%. This segment is anticipated to retain its market dominance until the end of 2019, growing at a rate of 11%. Precious jewelry, briefcases, handbags, and shoes are the key driving products in...