Report overview
This report studies the 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.
However, some countries impose duty on goods brought into the country, though they had been bought duty-free in another country, or when the value or quantity of such goods exceed an allowed limit. Duty-free shops are often found in the international zone of international airports, sea ports, and train stations but goods can also be bought duty-free on board airplanes and passenger ships. They are not as commonly available for road or train travelers, although several border crossings between the United States and both Canada and Mexico have duty-free shops for car travelers. In some countries, any shop can participate in a reimbursement system, such as Global Blue and Premier Tax Free, wherein a sum equivalent to the tax is paid, but then the goods are presented to customs and the sum reimbursed on exit.
This report aims to provide a comprehensive presentation of the global market for Duty Free Retailing, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Duty Free Retailing. This report contains market size and forecasts of Duty Free Retailing in global, including the following market information:
Global Duty Free Retailing Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Duty Free Retailing market was valued at US$ 75180 million in 2022 and is projected to reach US$ 202610 million by 2029, at a CAGR of 15.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
APAC is the largest market with about 61% market share. Europe is follower, accounting for about 18% market share.
The key players are Dufry, Lagard?re Travel Retail, Lotte Duty Free, LVMH, Aer Rianta International (ARI), China Duty Free Group, Dubai Duty Free, Duty Free Americas, Gebr. Heinemann, King Power International Group (Thailand), The Shilla Duty Free etc. Top 3 companies occupied about 35% market share.
We surveyed the Duty Free Retailing companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Duty Free Retailing Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Duty Free Retailing Market Segment Percentages, by Type, 2022 (%)
Cosmetics & Personal Care Products
Alcohol, Wine and Spirits
Tobacco & Cigarettes
Fashion & Luxury Goods
Confectionery & Food Stuff
Others
Global Duty Free Retailing Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Duty Free Retailing Market Segment Percentages, by Application, 2022 (%)
Airports
Onboard Aircraft
Seaports
Train Stations
Others
Global Duty Free Retailing Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Duty Free Retailing Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Duty Free Retailing revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Duty Free Retailing revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Dufry
Lagard?re Travel Retail
Lotte Duty Free
LVMH
Aer Rianta International (ARI)
China Duty Free Group
Dubai Duty Free
Duty Free Americas
Gebr. Heinemann
King Power International Group (Thailand)
The Shilla Duty Free
Outline of Major Chapters:
Chapter 1: Introduces the definition of Duty Free Retailing, market overview.
Chapter 2: Global Duty Free Retailing market size in revenue.
Chapter 3: Detailed analysis of Duty Free Retailing company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Duty Free Retailing in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
