What is 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. In this only certain items are sold in the duty-free section based on the preference of travelers at each airport, as well as local restrictions. The items such as tobacco, liquor, perfume, jewelry, apparel and confections.
The market study is being classified by Type (Perfumes, Cosmetics, Alcohol, Cigarettes and Others), by Application (Airports, Onboard Aircraft, Seaports, Train Stations and Others) and major geographies with country level break-up.
DFS Group Limited (Hong Kong), Dufry AG (Switzerland), Lotte Co., Ltd. (South Korea), Lagardère (France), Aer Rianta International (ARI) (Ireland), China Duty Free Group Co., Ltd. (China), Dubai Duty Free (United Arab Emirates), Duty Free Americas, Inc. (United States), Gebr. Heinemann SE & Co. KG (Germany) and King Power International Co., Ltd. (Thailand) are some of the key players profiled in the study.
Research Analyst at AMA predicts that Global Vendors will contribute to the maximum growth of Global Duty-Free Retailing market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Duty-Free Retailing market by Type, Application and Region.
On the basis of geography, the market of Duty-Free Retailing 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.
- Less Price for International Products and Brands as well as Added Convenience are the Driving factors for Duty-Free Retailing Market
- Stringent Government Regulations is a Restraining Factor for the Market
- Growing Demand from End-users will create Future Opportunities for the Market
- Linguistic Barrier creates Communication Gap between the Seller and Buyers.
Key Target AudienceDuty-Free Retailing Providers, Research Professionals, Government and Associated Bodies and End-users