The Worldwide Airport Retailing Industry is Expected to Reach $40.5 Billion by 2027 - ResearchAndMarkets.com

The "Global Airport Retailing Market Size, Trends And Growth Opportunity, By Product Type, By Airport Size, By Type, By Distribution Channel, By Region and Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The Global Airport Retailing Market was valued at US$27,552.8 million in 2021 and it is expected to reach at US$40,592.8 million in 2027 at a CAGR of 5.39 % during forecast period 2022-2027.

A sizeable portion of the travel retail business is made up by airport sales. The retail outlets at airports are often found in the airside, at arrivals, and at departures.

The increase in air travel, the development of airport infrastructure, and the rising demand for opulent goods among consumers are the main drivers of the airport travel market's progress.

Market Drivers

The demand for unusual and exotic vacation experiences, an increase in middle- and upper-class disposable income and corresponding spending, and a surge in consumer interest and need for more expensive goods are the main factors driving the global airport retailing trend.

The expansion of the airport retailing industry is also aided by changes in lifestyle, an increase in tourism advertising, and more accessibility to transportation options.

Market Restraints

It is anticipated that certain nations' travel restrictions will be difficult, and that the market's development will be impeded by strong legal and political restraints.

Companies Mentioned

• InMotion Hosting
• Delaware North Companies. Inc.
• XpresSpa Group
• Lagardere Travel Retail
• HMSHost
• Hudson
• SSP Group plc.
• Sodexo
• Concessions International
• Dubai Duty Free

Market Segmentation

By Product Type

• Liquor & Tobacco
• Perfumes & Cosmetics
• Fashion & Accessories
• Food & Beverages
• Others

By Airport Size

• Large Airport
• Medium Airport
• Small Airport

By Distribution Channel

• Direct Retailer
• Convenience Store
• Specialty Retailer
• Departmental Store

Key Question Addressed by the Report

• What are the Key Opportunities in Global Airport Retailing Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the role of key players in the value chain?
• What is the competitive Landscape in the industry?

For more information about this report visit https://www.researchandmarkets.com/r/2f5gff

View source version on businesswire.com: https://www.businesswire.com/news/home/20221007005465/en/