Travel Retail Market Overview:
This MMR study covers the following topics: market overview, market dynamics, market characteristics, regional industry insights, country-level market statistics, major market trends, current market trends, and more. The MMR report provides information on the most current product launches by companies for the most up-to-date upgrades. The Travel Retail Market study's geographic insights section shows which regions are projected to have the largest market share throughout the forecast period.
Market Scope:
The Travel Retail market is predicted to develop at the fastest rate during the forecast period of 2021-2027. The Maximize Market Research (MMR) study looks at import and export consumption, supply and demand, costs, prices, shares, sales volumes, revenues, and gross margins. The manufacturing unit, capacity, production, factory price, market price, and market share of each manufacturer are examined in this MMR data analysis.
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Segmentation:
Regionally, Asia-Pacific dominated the global market in 2017 and accounted for more than two-fifths of the overall revenue. The region is expected to grow at the fastest CAGR of 11.6% through 2026, on account of an exceptional rise in disposable income and rapid development of the tourism industry.The Asia Pacific witnessed an increase in sales of 9% in the past few years. Asia-Pacific is also identified as the fastest growing market during the upcoming years. Regional and global companies have attracted to recent tenders of arrivals duty-free in China, Hong Kong and South Korea. Although regional traffic trends in 2017 remain positive in the Asia Pacific, the year so far has seen pressure on the travel retail business in East Asia surrounded by the suspension of Chinese travel to Korea. On the other hand, across the world there is continued investment in airport and tourism infrastructure, pointing to a bright future ahead.
Key Players:
- DFS Group
• Dufry AG
• LS travel retail
• Lotte Duty Free
• King Power International Group
• The Shilla Duty Free
• Heinemann
• China Duty Free Group (CDFG)
• AerRianta International (ARI)
• The Naunace Group.
• DFASS Group
• Gebr. Heinemann SE Co. KG
• Lagardre Group
• Duty Free Americas, Inc.
• LVMH Moët Hennessy
• DubaiDutyFree.com
• Flemingo, JR/Group
• Qatar Duty Free
• 3Sixty Duty Free
Regional Analysis:
North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa are all covered in the MMR Report. In this report, MMR looks at important market segments and sub-segments, as well as key market sectors. Based on market size, proportion, and quantity, the MMR survey examines creative nations in neighborhood development. The statistics include volumes, areas, sales, and marketplace chain systems and trends.
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COVID-19 Impact Analysis on Travel Retail Market:
COVID-19 rules had a tremendous impact on the world, as well as industry and labor expectations, between 2020 and 2021. COVID-19 has the potential to devastate our society and level of living, necessitating quick industrial help and innovation. COVID-19 has created a slew of problems for India's foreign laborers. As a result of national embargoes, millions of migrant workers lost their jobs, endured food shortages, and were concerned about their future prospects.
The overall purpose of this MMR report is to have a better understanding of the current economy, COVID-19, and its commercial implications. COVID-19 is being tracked by MMR throughout all industries, sectors, and specialties. The Maximize Market Research Report (MMR), which can be used to evaluate how COVID-19 has impacted industry losses and growth, contains similar data.
Key Questions Answered in the Travel Retail Market Report are:
- Which product segment grabbed the largest share in the Travel Retail market?
- What is the competitive scenario of the Travel Retail market?
- Which are the key factors aiding the Travel Retail market growth?
- Which region holds the maximum share in the Travel Retail market?
- What will be the CAGR of the Travel Retail market during the forecast period?
- Which application segment emerged as the leading segment in the Travel Retail market?
- Which are the prominent players in the Travel Retail market?
- What key trends are likely to emerge in the Travel Retail market in the forecast period?
- What is the expected Travel Retail market size by 2027?
- Which company held the largest share in the Travel Retail market?
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