Global Duty Free Retailing Market to Post 6.7% CAGR through 2020, Announces Verdict Retail in Its Topical Report Recently Added at MarketPublishers.23 Aug 2016 • by Natalie Aster
LONDON – Over the past 5 years, the global duty free retailing market registered significant growth. Nevertheless, it was far below the real potential of this market as it was considerably affected by the worldwide recession and the crisis in Europe.
In the next 5 years, driven by a range of factors like rising number of international travellers, modernisation of airports, positive growth of lowcosters, introduction of new air routes worldwide and expansion of duty free retail space, the global duty free retailing market is set to increase at a swift pace. Remarkable contribution to the global market growth will likely be made by the APAC duty free retailing market, which is spurred by rapid expansion of the Chinese duty free retail space.
The worldwide duty free retailing market is anticipated to increase at a 6.7% CAGR through 2020. APAC is predicted to account for the major share of overall sales. Country-wise, South Korea takes leadership in the duty free retailing market, and it is expected to maintain its leading position and keep on growing at a 9.6% CAGR in the offing. Meantime, India’s market is likely to register the highest growth rates (20.7% CAGR) through 2020.
One of the latest research publications, “Global Duty Free Retailing, 2015-2020; Market Dynamics, Retail Trends, and Competitive Landscape”, elaborated by Verdict Retail offers a detailed analysis of the duty free retailing market on a global scale as well as highlights the current state of the key regional and country markets. The report describes the on-going situation in the market and provides future forecasts for different product categories up to 2020. A thorough review of the duty free retail market trends and growth influencing factors, reliable data on top marketing strategies and regulative policies, and an analysis of the market segmentation and shares are available here. Future outlook for the worldwide duty free retailing market through 2020 is also at hand.
Other in-demand research reports prepared by Verdict Retail can be found at its page.