Duty Free Stores Market Research Reports, Analysis & Trends

You are here: Home Catalog Consumer & Retail Retailing

Duty Free Stores

Duty Free Stores Market Research Reports, Analysis & Trends

Duty free stores industry comprises companies that operate by primarily selling a wide range of goods to inbound and outbound international travellers, which are basically located in Airports. Duty free stores are essentially warehouses that are licensed and controlled by federal government customs and excise legislation. These warehouses are permitted to operate as retail outlets to sell customable and excisable goods to international sea and airline travellers. The duty free travel industry incorporates those companies primarily concerned with providing travellers the opportunities for duty free retail outlets. Much of the duty free travel industry is cantered around airports and other transportation hubs where various businesses have sites with duty free or taxation-free, merchandise available to travellers en-route, or arriving and departing certain locations. This may occur if the value of the merchandise, or the quantity of the initially duty free products, exceeds a previously imposed limit for a specific country.

听

Typically duty free retail locations are placed in international zones, such as international airports or sea ports. However, at times duty free goods can also be purchased on airplanes or ships will travellers are in transit. Though this is most common, some countries allow for duty free merchandise along their borders for those travelling with ground transportation, for example- car or train. The global duty free and travel retail industry is a dynamic and prosperous market place. The total sales of $46 billion in 2011 represent an increase of nearly 18% on the previous year and for the first time in the history of the industry, the Asia & Oceania region outpaced Europe with sales of $16 billion, which is up by 25% on 2010, compared with $15.6 billion in Europe.

听

Duty Free Stores Current Trends

The duty free retail sites are excepted from having to pay specific national or local taxes provided that their merchandise be retailed to those who will make purchases and then take the merchandise out of the country. Merchandise that is able to be sold duty free have certain stipulations assigned to them by different jurisdictions, and they also encompass how certain products are retailed and by which process the duty, or lack thereof, is calculated. Despite being able to purchase products duty free at one travel port, travellers may have duty imposed on them for the merchandise once they reach their destinations. Promotional offers have been identified as essential for the airport retail industry for success in 2013-2014, according to Global Business Travellers鈥� Airport Retail Trends, 2013-2014 with 78% of survey respondents identifying the promotion of price advantages over city-center retailers as the key activity that can optimize the business of airport retailers. Usually when travelling by air, the highest percentage of passengers prefers to shop at retail stores. Overall, 52% of respondents spent $25 to $100 on shopping at duty free airport retail shops, whilst 45% spend less than $25 at duty paid airport retail outlets.

听

The global travellers and respondents expect no or minimal change in their overall shopping expenditure at airport retail stores 2013-2014, with only 17% of respondents forecasting their overall shopping at airport retail stores to increase considerable over the next six months, which is a decline of 2% from the respondents who expressed similar opinions in 2012. The products and goods include Tobacco, perfumes, cosmetics, and alcoholic beverages are the most popular products amongst pre-planned purchases, whilst art and craft, music and video, and clothing and footwear products are the most likely to be purchased on impulse. And the renowned brands at discounted prices, last minute gifts, and utilization of time are the key factors to induce purchase at airport retail stores. Occasional high prices return or exchange of goods, and security concerns for liquid items are the most pressing concerns that influence shopping at airport retail outlets. Promoting price advantages over city-center retailers鈥� and adapting offers to passenger profiles are crucial for business of airport retailers. Globally the Dubai International Airport and Heathrow Terminal 5 Airport are the leading airports in terms of the retail experience offered to business travellers.

听

Major Duty Free Stores Chains

Major players in the duty free stores industry include New York Airport, Dubai Airport, Heathrow Terminal 5 Airport, and LAX.听

听

How MarketResearchReports.com Can Help You Find the Right Report(s)?

Duty Free Stores Industry Overall Growth Forecast

We offer syndicated/off-the-shelf and custom 91制片厂 reports covering Duty Free Stores industry. These reports are designed to provide a wholistic view of the global Duty Free Stores industry.

The major growth forecast covered are:

Duty Free Stores Industry CAGR % Growth Forecast for 2022-2028
Duty Free Stores Industry Value Growth Forecast for 2022-2028
Duty Free Stores Industry Key Companies Growth Forecast for 2022-2028

Search all reports related to the Duty Free Stores Industry

听

Duty Free Stores Industry Regional Data Coverage

The reports offered by us provide deep regional data for Duty Free Stores industry. This information is designed to help decision makers identify the key growth markets of Duty Free Stores industry and prepare their business strategy accordingly.

The major regional data covered are:

Duty Free Stores Industry Region-Wise Growth Trends
Duty Free Stores Industry Key Country Growth Opportunities
Duty Free Stores Industry Focus on Most Important Markets

听

Duty Free Stores Industry Trends Analysis

The reports covering Duty Free Stores industry offer trends analysis of various types. These include overall key growth opportunities in global Duty Free Stores industry.

The major trends and analysis covered are:

Duty Free Stores Industry Key Player Profiles
Duty Free Stores Industry SWOT Analysis
Duty Free Stores Industry Growth Drivers and Challenges

听

Latest Market Research Reports on Duty Free Stores Industry

Below mentioned is the list of reports available for on Duty Free Stores industry. If you are not able to locate the correct report, please use the search option available on top of this page to search for the right report. You can also chat with us using the online chat system facility available at the bottom right corner of this page. You can also send your requirements using the contact form.

We also undertake custom 91制片厂 projects which can provide reports matching your specific data requirements. Please send us your custom research project details using the custom 91制片厂 form.

Title	Published	Pages	Price
Global Airport Retail Market Research Report 2023	Feb 22 2023	94	USD 2,900.00
Global Duty-free Travel Retail Market Research Report 2023	Jan 13 2023	94	USD 2,900.00
Global Duty Free Retailing Sales Market Report 2023	Jan 2 2023	116	USD 4,000.00

Clients Who Trust Us

Need tailor made 91制片厂 solution? We can help you with that too.

Contact Us

About Us

At 91制片厂. we aim to make it easier for decision makers to find relevant information and locate right 91制片厂 reports which can save their time and assist in what they do best, i.e. take time-critical decisions.

We work with our associate Global 91制片厂 firms who are known leaders in their respective domains to obtain right 91制片厂 solution for our customer鈥檚 needs, be it custom research or syndicated research reports.

Contact Us

91制片厂
16192 Coastal Hwy
Lewes, DE 19958, USA

USA: +1-302-703-9904

India: +91-8762746600

marketresearchreports

info@marketresearchreports.com

Latest Blog Posts

Stay Connected

Disclaimer: 91制片厂. has no affiliation to, and is not associated with any other website(s) or organization(s). We offer syndicated research reports (like country analysis, SWOT analysis, competitive intelligence, industry reports, company reports and market analysis & trends reports) and custom 91制片厂 from our website MarketResearchReports.com only.

If you are looking for a 91制片厂 solution for your research requirements, please begin your search using the search box on top of this page or use our chat system to speak to our 91制片厂 consultants or directly write to us.

91制片厂

Duty Free Stores

Duty Free Stores Market Research Reports, Analysis & Trends

Duty Free Stores Current Trends

Major Duty Free Stores Chains

How MarketResearchReports.com Can Help You Find the Right Report(s)?

Duty Free Stores Industry Overall Growth Forecast

Duty Free Stores Industry Regional Data Coverage

Duty Free Stores Industry Trends Analysis

Latest Market Research Reports on Duty Free Stores Industry

Clients Who Trust Us

Need tailor made 91制片厂 solution? We can help you with that too.

About Us

Contact Us

Latest Blog Posts

Stay Connected

Research Industries

Our Company

Our Services

Market Research Resources

91制片厂

Search form

Duty Free Stores

Duty Free Stores Market Research Reports, Analysis & Trends

Duty Free Stores Current Trends

Major Duty Free Stores Chains

How MarketResearchReports.com Can Help You Find the Right Report(s)?

Duty Free Stores Industry Overall Growth Forecast

Duty Free Stores Industry Regional Data Coverage

Duty Free Stores Industry Trends Analysis

Latest Market Research Reports on Duty Free Stores Industry

Clients Who Trust Us

Need tailor made 91制片厂 solution? We can help you with that too.

About Us

Contact Us

User login

Latest Blog Posts

Stay Connected

Research Industries

Our Company

Our Services

Market Research Resources