Global Duty Free Retail Market Discussed in New Conlumino Report Now Available at MarketPublishers.com20 Nov 2014 • by Natalie Aster
LONDON - There has been considerable growth in the duty free channel over the last few years. However, it has been restrained by Europe’s crisis and the recession. With the global economy being on the road to recovery, the tourism sector has started to grow. The increasing number of tourists (especially the ones from such developing countries as China) and emergence of new low cost airline options support the growth.
Besides, duty free stores have reviewed their marketing strategies and now pay more attention to promotion as well as sales availability of international brands. They have also started to offer a wider product and price range, thus attracting new customers. In 2013, South Korea held the largest share (approximately 13 percent or USD 5.7 billion) of the global duty free sales following an increase in the number of visitors from China.
The Asia-Pacific region is forecast to demonstrate swift growth of dusty free sales in the upcoming years. As a result, the global sales are expected to amount to more than USD 63 billion by 2018. South Korea is unlikely to be dethroned, though China’s market is set to show fast growth in value terms.
New research study “Global Duty Free Retailing, 2013-2018: Market Dynamics, Retail Trends and Competitive Landscape” worked out by Conlumino offers an in-depth insight into the world’s duty free retail market.
The report contains a thorough overview of the global market and covers 50 largest markets. It discusses the retail landscape in detail; reveals market sizes and focuses on category groups. The study pinpoints top retailers; unveils their market shares; provides data on their market shares, innovative retailers; scrutinizes duty free retail trends. The research report discusses the competitive landscape and forecasts market development to 2018.
The study mentions the following companies: Saudi Duty Free, Sunrise Duty Free, Gebr Heinemann, Lotte Duty free, among others.
Global Duty Free Retailing, 2013-2018: Market Dynamics, Retail Trends and Competitive Landscape
Published: October, 2014
Price: US$ 4,950.00
Other new market research studies by the publisher can be found at Conlumino page.