Travel Retail Market Economic Outlook, Growth Factors, Top Investment Pockets, Top Winning Strategies and Top Player Forecast 2018-2025 By Radiant Insights, Inc

January 17 21:02 2019

Radiant Insights, Inc
Radiant Insights has announced the addition of “Travel Retail Market Size, Share & Trends Analysis Report By Channel (Down Town & Hotel Shops, Airports), By Product (Wine & Spirit, Fashion & Accessories, Perfume & Cosmetics), And Segment Forecasts, 2018 – 2025” Market Research report to their database.

The global travel retail market size is expected to reach USD 128.80 billion by 2025, according to a new report by Radiant Insights, Inc. The market is projected to expand at a strong CAGR of 8.7% over the forecast years. Rapidly expanding retail and travel and tourism industry along with increasing per capita income levels is expected to drive the market growth. Different retail channels help in improving the retail experience of the passengers while contributing to economic growth.

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The airport retail segment is expected to gain traction over the forecast period and is expected to reach over USD 91.75 billion by 2025. On the basis of products, perfume & cosmetics segment held a significant share of the market in 2017. Driven by the rising demand for branded cosmetics, such as makeup and skin care products, which are available discounted rates at the duty-free stores, the segment is projected to expand further.

The travel retail industry is focusing on enhancing customer experience and use data to provide customers an integrated experience. For example, Kuala Lumpur International Airport has integrated big data platform deployed for its KLIA2 terminal. This platform will extract passenger’s real-time location throughout the airport for real-time status check, travel plans, and so on.

Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/travel-retail-market

Further key findings from the study suggest:

• The global market accounted for USD 67.3 billion in 2017 and is expected to register a CAGR of 8.7% from 2018 to 2025

• Increasing number of international travelers across the globe is expected to boost the market growth

• The perfume & cosmetics segment is anticipated to witness the highest CAGR of 9.9% followed by the fashion & accessories segment over the forecast period

• Asia Pacific is anticipated to be the fastest-growing regional market due to increasing disposal income levels and expanding travel industry in the region

• Key companies in the global travel retail market include Shilla DFS, Lagardre Group, Lotte Corp., Heinemann, and Dufry AG

Browse More Report in Travel Services Industry:

1) Adventure Tourism Market Report – https://www.radiantinsights.com/research/2018-2025-adventure-tourism-report-on-global-and-united-states-market

2) Luxury Travel Market Report – https://www.radiantinsights.com/research/2018-2025-luxury-travel-report

3) Hotel And Other Travel Accommodation Market Report – https://www.radiantinsights.com/research/hotel-and-other-travel-accommodation-global-market

Media Contact
Company Name: Radiant Insights, Inc.
Contact Person: Michelle Thoras, Corporate Sales Specialist – USA
Email: Send Email
Phone: (415) 349-0054, Toll Free: 1-888-928-9744
Address:201 Spear Street 1100, Suite 3036
City: San Francisco
State: CA
Country: United States
Website: www.radiantinsights.com/research/travel-retail-market

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