What is Airport Retailing Consumer Electronics Market?
Airport retailing consumer electronics refers to a wide range of electronic products and accessories sold in airport specialty stores, supermarkets, and hypermarkets. Consumer electronics outlets in airports can be found in a variety of areas, including the presecurity area (landside), post-security area (airside), and aero cities. Rising passenger disposable income, along with increased worldwide flight traffic, results in dynamic consumer buying habits, offering up new growth opportunities for players in the airport retailing consumer electronics business. Furthermore, as several countries ramp up their tourism initiatives, airports are undergoing massive renovations with modifications geared primarily at increasing commercial prospects. The rise of the airport retailing consumer electronics market is expected to be fueled by growing opportunities, investment, and attention to airports as branding possibilities.
The market study is being classified by Type (Electronic Devices, Accessories and Others) and major geographies with country level break-up.
Schäfer Airport Retail (Germany), Dufry AG (Switzerland), Autogrill (Italy), Gebr. Heinemann (Germany), Duty Free America (United States), Dubai Duty Free (UAE), Airport Retail Group LLC (Australia), Japan Airport Terminal Co (Japan), Flemingo International (India) and World Duty Free Group (Spain) are some of the key players profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that European Players will contribute to the maximum growth of Global Airport Retailing Consumer Electronics market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Airport Retailing Consumer Electronics market by Type, Application and Region.
On the basis of geography, the market of Airport Retailing Consumer Electronics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Development of the travel & tourism industry
- Rise in disposable income
- Products Availability at Lower Prices
- Retail Promotion at Airports
- Increasing Customer Experience at Airports
- Rising Investment, and Increased Attention Towards Airports as Branding Opportunities
- Duty-Free Imported Consumer Electronics are Creating Traction
- Presence of Downtown Retail Stores
- Government Rigid Rules and Policies Regarding Duty Free Items
October 2020- Schäfer Airport Retail has announced the opening of two new Move consumer electronics stores at two of the top ten German airports. Both stores have great visibility with Stuttgart’s T3 home to airlines including Lufthansa, Air France, SAS, British Airways, Aer Lingus and Air Baltic and the space at Nürnberg positioned for 100% of departing passengers to walk by.
Key Target AudienceAssociations & Industrial Bodies, Suppliers & Distributors of Retail Goods, Aerospace Industry, Governmental bodies and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Airport Retailing Consumer Electronics Market?
"Development of the travel & tourism industry
" is seen as one of major growth factors of Airport Retailing Consumer Electronics Market in years to come.
2. Can we have customized study for Airport Retailing Consumer Electronics Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Airport Retailing Consumer Electronics Market?
will lead the Airport Retailing Consumer Electronics Market.