Travel Retail Market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Global travel retail market is expected to rise to an estimated value of USD 146.53 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026.
This rise in market value can be attributed to the growing availability of these retail shops in the different applications such as hotels, greater exposure in airports and waterways.Travel retail also known as duty free is a sales process consisting of commercialization of goods pertaining to the different product categories.
This sales channel consists of goods that have not had the taxation, excise applied on their sale price and for sales to customers that are travellers.
The goods available are also limited to a certain quantity per individual.Under the COVID-19 outbreak analysis, the Travel Retail Market study investigates the value chain, provincial government strategy, fare control, import, and future impact on the business.
Travel Retail Market analysis includes top to bottom investigation on how the COVID-19 will affect this industry with potential changes.Get Sample PDF (including COVID19 Impact Analysis) of Market Report @ https://www.databridgemarketresearch.com/toc/?dbmr=global-travel-retail-marketMarket Drivers and Restraints:Increasing levels of disposable income of individuals resulting in greater population base travelling cross-country and engaged in availing these particular services; this factor is expected to drive the growth of the marketSurge in adoption of travel & tourism services is expected to drive the growth of the marketSignificant rush in the levels of urbanization of the world is expected to augment growth in the marketBetter facilitation for travelling which is a result of digitalization in airports inducing a rise in the population travelling across different regions is also expected to foster growth of the marketConcerns regarding the presence of regulations for sales of particular goods only in the airport sales channel is expected to hinder the growth of the marketLarge costs associated with the operations of these retail shops reducing the profit margins/ratio of sales; this factor is expected to restrain the growth of the marketKey Players: Global Travel Retail MarketAer Rianta International; DFS Group Ltd.; KING POWER International; DubaiDutyFree.com; China Duty Free Group Co.,Ltd.
Heinemann SE & Co. KG; Dufry; Duty Free Americas, Inc.; Lotte Duty Free; Lagardère Travel Retail; THE SHILLA DUTY FREE; Flemingo; JR/Group; Qatar Duty Free; 3Sixty Duty Free, among othersMAJOR TOC OF THE REPORTChapter One: Travel Retail Market OverviewChapter Two: Manufacturers ProfilesChapter Three: Global Travel Retail Market Competition, by PlayersChapter Four: Global Travel Retail Market Size by RegionsChapter Five: Global Travel Retail Market Revenue by CountriesChapter Six: Global Travel Retail Market Revenue by TypeChapter Seven: Global Travel Retail Market Revenue by Sales ChannelChapter Eight: Global Travel Retail Market Revenue by GeographyGet Detail TOC@ https://www.databridgemarketresearch.com/toc/?dbmr=global-travel-retail-marketKey Developments in the Market:In December 2018, Lotte Duty Free announced that they had completed the acquisition of JR/Group’s duty free business for the Oceania region, specifically for the Australia & New Zealand region.