Home » Airport Retail Market

Airport Retail Market By Product Type (Liquor & tobacco, Perfumes & cosmetics, Fashion & Accessories, Food & beverages, Others) By Airport Size (Large By Product Type (Electronic Products, Food and Beverages, Fashion and Accessories, Pharmacy Products and Arts), By store Type (Independent Stores and Showrooms, Duty-Free Stores, Restaurants, Supermarkets and Others), Ownership (Independent Owners, Corporate Chains and Franchises) – Growth, Share, Opportunities & Competitive Analysis, 2016 – 2028

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Published: | Report ID: 1289 | Report Format : PDF

What is the Key Product Type of Airport Retail?

Airport retail hubs carry a wide range of goods. They contain a comprehensive spectrum of product categories, such as wines & spirits, perfumes & cosmetics, tobacco goods, electronics, Food & beverage, and fashion & accessories. Airports adhere to the general travel retail shop model. These retail establishments are found in busy, central airport zones, attracting more clients. The goods offered at airports exempt from paying national taxes, tariffs, and other specific local taxes are duty-free goods in retail establishments. The duty-free goods, including alcohol, tobacco, perfumes, clothing, and electronics, are bought by tourists from one nation to another. 

 

What is the Market Size of Airport Retail in terms of Value?

In the following years, the global airport retail market is anticipated to grow at 12.10%. The Value of the worldwide airport retail market was USD 31.5 billion in 2021, and it is anticipated to grow to USD 62.5 billion by 2028. The demand for airport retail is anticipated to rise sharply in the upcoming years. Over the forecast period between 2022 and 2028, it is anticipated to create revenue opportunities worth USD 31.00 million for the major industry participants.

Airport Retail Market

What is the Key Distribution Channel for Airport Retail?

Direct retailers, convenience stores, specialty retailers, and department stores are several market segments for airport retailing worldwide. The market’s most significant contributor, specialty retailers, is anticipated to increase. Liquor, perfume, or fashion and accessory stores tend to be the specialty retailers at airports. Not every customer displays brand loyalty when it comes to retail purchasing at airports. Specialty stores are the best choice for these customers since they allow them to select goods from a wide range of branch availability of foreign brands of cosmetics, cigars, perfumes, cigarettes, and watches under one roof also benefits buyers seeking limited edition products, who can readily find them in specialty retail stores. Together, these elements significantly contribute to the market’s expansion. 

Interesting Facts about Airport Retail Industry

  • The key drivers of the global airport shopping trend are the demand for distinctive and exotic vacation experiences, an increase in middle- and upper-class disposable income and related expenditure, and a surge in consumer interest and need for increasingly expensive goods. Additionally, a change in lifestyle and more tourism advertising.
  • Throughout the projected period, the growth of the airport’s retail sector would be hampered by the high cost of airport rentals. 
  • The Asia-Pacific region dominated the global airport retail market in 2021, and it is expected that it will continue to hold onto its dominance over the forecast period.
  • Large airport retail is expected to witness high growth during the forecast period.
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Who are the Top 10 players/companies in the Airport Retail market regarding Value and volume?

The key players in the global airport retail market in value and volume include AIRPORT Retail Group, L.L.C., China Duty-Free Group Co., Ltd., DFS Group Ltd., Dubai Duty-Free, Flemingo International, Japan Airport Terminal Co., Ltd., King Power International, Gebr. Heinemann Se & Co. KG, Dufry AG, and the Shilla Duty-Free. These significant companies focus on technological advancements and new product improvements to improve airport retail production and capture a globally competitive market share. Additionally, several regional and national players are investing significantly to diversify their product offerings and increase sales. For instance, in May 2022, the joint venture GATE ZERO was created by Gebr. Heinemann and Highsnobiety to combine their experience and global reach in travel retail. Highsnobiety and Gebr. Heinemann have agreed to a long-term relationship that started as a pop-up shop at Zurich Airport. The influential multi-media giant and the long-standing travel retail firm started working together 18 months ago. The joint venture agreement for GATE ZERO was finalized at the start of 2021.

Who are the Top 10 Countries in the Airport Retail Market?

The major countries in the global airport retail market are India, China, Thailand, Japan, South Korea, Australia, the U.S., the U.K., Germany, and France. China will be the primary producer and consumer of airport retail in the global market in 2021. An improvement in the region’s economy and a rise in disposable income are the main drivers of the market. The market is growing due to the expansion of the affordable luxury sector in tier 2 cities in the Asia-Pacific region. 

Which is the Key Airport Size in the Airport Retail Market?

The international airport retailing market is divided into three categories based on airport size: large airports, medium airports, and small airports. The market’s most significant contributor, the big airport category, is anticipated to expand throughout the forecast period. Large airports are found in the country’s capital region and are well-liked vacation spots. A sizeable portion of passengers at these airports fly in business class, which significantly aids in the sale of goods through retail travel hubs. At these airports, revenue is made at a high rate due to the heavy passenger traffic. As a result, the expansion of this market is fuelled by an increase in foreign travelers.

High passenger traffic at airports continues to increase annually. As a result, the number of passengers an airport handles closely correlates to its revenue. Large and medium airports handle more than 70% of all aviation passenger traffic worldwide. Airports must modernize and install intelligent systems to enable efficient airport operations in light of rising flight traffic. Since there are many medium-sized airports worldwide, they are currently dominating the market. These airports need to install self-service check-in kiosks and baggage drop boxes to alleviate delays and customer wait times. Self-service check-ins are the only intelligent solutions installed in tiny airports.

What are the Major Driving Factors for Airport Retail Market?

The desire 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. Additionally, lifestyle modifications, increased tourism advertising, and improved accessibility of transportation options all contributed to the expansion of the airport retailing business.

What are the Major Restraints for Airport Retail Market?

Airport boarding procedures are made more accessible by modern, computerized security technologies. However, the design, development, and integration of these systems into the airports of any nation comes at a very high cost. They must work with various electronic parts and subsystems to give the airport authorities real-time data. The creation, introduction, and upkeep of these systems are expensive. The airport authorities prefer to outsource the security services to independent service companies like 

G4S Plc, Securitas AB, and others due to the high cost of these systems and necessary services. As a result, the cost and time involved in developing and deploying these systems prove to be obstacles to the market’s expansion globally. 

Which Region Dominated the World Airport Retail Market?

Due to rising disposable income, higher living standards, and a booming tourism sector. The market is growing due to the expansion of the affordable luxury sector in tier 2 cities in the Asia-Pacific region. The main factors for the expansion of the Asia-Pacific airport retailing sector are an increase in the number of new flight routes and the entry of low-cost carriers (LCC). Additionally, consumers’ increased preference for value-added goods increases their desire to travel, driving the demand for duty-free alcohol, tobacco, clothing, cosmetics, and fragrances.

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 The second-largest contributor to the airport retailing sector was the Europe market. The most extensive travel and tourism markets in Europe are in the United Kingdom and Russia, which get more significant numbers of visitors by air travel. Additionally, travelers from other nations, such as China and the Middle East, help to support the European airport retail industry. As a result, the growth of the travel and tourism sector and an improvement in lifestyle brought on by rising consumer disposable income serve as the market’s primary driving drivers. The expansion of the airport retailing business is anticipated to be hampered by the strict laws surrounding the permitted duty-free products in airport retailing.

Segmentation of Global Airport Retail Market-

Global Airport Retail Market – By Product Type

  • Liquor & tobacco
  • Perfumes & cosmetics
  • Fashion & Accessories
  • Food & beverages
  • Others

 Global Airport Retail Market – By Airport Size

  • Large airport
  • Medium airport
  • Small airport

Global Airport Retail Market – By Distribution Channel

  • Direct retailer
  • Convenience store
  • Specialty retailer
  • Departmental store

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Airport Retail Market

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Airport Retail Market Value, 2016-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Major Industry Challenges
3.2.3. Key Growth Pockets
3.3. Attractive Investment Proposition,2021
3.3.1. Product Type
3.3.2. Airport Size
3.3.3. Distribution Channel
3.3.4. Geography
3.4. Porter’s Five Forces Analysis
3.4.1. Threat of New Entrants
3.4.2. Bargaining Power of Buyers/Consumers
3.4.3. Bargaining Power of Suppliers
3.4.4. Threat of Substitute Types
3.4.5. Intensity of Competitive Rivalry
3.5. Value Chain Analysis

4. Market Positioning of Key Players, 2021
4.1. Company market share of key players, 2021
4.2. Competitive Benchmarking
4.3. Geographical Presence Analysis
4.4. Major Strategies Adopted by Key Players
4.4.1. Key Strategies Analysis
4.4.2. Mergers and Acquisitions
4.4.3. Partnerships
4.4.4. Product Launch
4.4.5. Geographical Expansion
4.4.6. Others

5. COVID 19 Impact Analysis
5.1. Global Airport Retail Market Pre Vs Post COVID 19, 2019 – 2028
5.2. Impact on Import & Export
5.3. Impact on Demand & Supply

6. North America
6.1. North America Airport Retail Market, by Country, 2016-2028(US$ Bn)
6.1.1. U.S.
6.1.2. Canada
6.1.3. Mexico
6.2. North America Airport Retail Market, by Product Type, 2016-2028(US$ Bn)
6.2.1. Overview
6.2.2. Liquor & tobacco
6.2.3. Perfumes & cosmetics
6.2.4. Fashion & accessories
6.2.5. Food & beverages
6.2.6. Others
6.3. North America Airport Retail Market, by Airport Size, 2016-2028(US$ Bn)
6.3.1. Overview
6.3.2. Large airport
6.3.3. Medium airport
6.3.4. Small airport
6.4. North America Airport Retail Market, by Distribution Channel, 2016-2028(US$ Bn)
6.4.1. Overview
6.4.2. Direct retailer
6.4.3. Convenience store
6.4.4. Specialty retailer
6.4.5. Departmental store

7. Europe
7.1. Europe Airport Retail Market, by Country, 2016-2028(US$ Bn)
7.1.1. UK
7.1.2. France
7.1.3. Germany
7.1.4. Italy
7.1.5. Russia
7.1.6. Ukraine
7.1.7. Spain
7.1.8. Belgium
7.1.9. Netherland
7.1.10. Austria
7.1.11. Sweden
7.1.12. Poland
7.1.13. Denmark
7.1.14. Switzerland
7.1.15. Rest of Europe
7.2. Europe Airport Retail Market, by Product Type, 2016-2028(US$ Bn)
7.2.1. Overview
7.2.2. Liquor & tobacco
7.2.3. Perfumes & cosmetics
7.2.4. Fashion & accessories
7.2.5. Food & beverages
7.2.6. Others
7.3. Europe Airport Retail Market, by Airport Size, 2016-2028(US$ Bn)
7.3.1. Overview
7.3.2. Large airport
7.3.3. Medium airport
7.3.4. Small airport
7.4. Europe Airport Retail Market, by Distribution Channel, 2016-2028(US$ Bn)
7.4.1. Overview
7.4.2. Direct retailer
7.4.3. Convenience store
7.4.4. Specialty retailer
7.4.5. Departmental store

8. Asia Pacific
8.1. Asia Pacific Airport Retail Market, by Country, 2016-2028(US$ Bn)
8.1.1. China
8.1.2. Japan
8.1.3. South Korea
8.1.4. India
8.1.5. Australia
8.1.6. New Zealand
8.1.7. Taiwan
8.1.8. Indonesia
8.1.9. Malaysia
8.1.10. Philippine
8.1.11. Rest of Asia Pacific
8.2. Asia Pacific Airport Retail Market, by Product Type, 2016-2028(US$ Bn)
8.2.1. Overview
8.2.2. Liquor & tobacco
8.2.3. Perfumes & cosmetics
8.2.4. Fashion & accessories
8.2.5. Food & beverages
8.2.6. Others
8.3. Asia Pacific Airport Retail Market, by Airport Size, 2016-2028(US$ Bn)
8.3.1. Overview
8.3.2. Large airport
8.3.3. Medium airport
8.3.4. Small airport
8.4. Asia Pacific Airport Retail Market, by Distribution Channel, 2016-2028(US$ Bn)
8.4.1. Overview
8.4.2. Direct retailer
8.4.3. Convenience store
8.4.4. Specialty retailer
8.4.5. Departmental store

9. Latin America
9.1. Latin America Airport Retail Market, by Country, 2016-2028(US$ Bn)
9.1.1. Brazil
9.1.2. Argentina
9.1.3. Peru
9.1.4. Chile
9.1.5. Colombia
9.1.6. Rest of Latin America
9.2. Latin America Airport Retail Market, by Product Type, 2016-2028(US$ Bn)
9.2.1. Overview
9.2.2. Liquor & tobacco
9.2.3. Perfumes & cosmetics
9.2.4. Fashion & accessories
9.2.5. Food & beverages
9.2.6. Others
9.3. Latin America Airport Retail Market, by Airport Size, 2016-2028(US$ Bn)
9.3.1. Overview
9.3.2. Large airport
9.3.3. Medium airport
9.3.4. Small airport
9.4. Latin America Airport Retail Market, by Distribution Channel, 2016-2028(US$ Bn)
9.4.1. Overview
9.4.2. Direct retailer
9.4.3. Convenience store
9.4.4. Specialty retailer
9.4.5. Departmental store

10. Middle East
10.1. Middle East Airport Retail Market, by Country, 2016-2028(US$ Bn)
10.1.1. UAE
10.1.2. KSA
10.1.3. Israel
10.1.4. Turkey
10.1.5. Iran
10.1.6. Rest of Middle East
10.2. Middle East Airport Retail Market, by Product Type, 2016-2028(US$ Bn)
10.2.1. Overview
10.2.2. Liquor & tobacco
10.2.3. Perfumes & cosmetics
10.2.4. Fashion & accessories
10.2.5. Food & beverages
10.2.6. Others
10.3. Middle East Airport Retail Market, by Airport Size, 2016-2028(US$ Bn)
10.3.1. Overview
10.3.2. Large airport
10.3.3. Medium airport
10.3.4. Small airport
10.4. Middle East Airport Retail Market, by Distribution Channel, 2016-2028(US$ Bn)
10.4.1. Overview
10.4.2. Direct retailer
10.4.3. Convenience store
10.4.4. Specialty retailer
10.4.5. Departmental store

11. Africa
11.1. Africa Airport Retail Market, by Country, 2016-2028(US$ Bn)
11.1.1. South Africa
11.1.2. Egypt
11.1.3. Nigeria
11.1.4. Rest of Africa
11.2. Africa Airport Retail Market, by Product Type, 2016-2028(US$ Bn)
11.2.1. Overview
11.2.2. Liquor & tobacco
11.2.3. Perfumes & cosmetics
11.2.4. Fashion & accessories
11.2.5. Food & beverages
11.2.6. Others
11.3. Africa Airport Retail Market, by Airport Size, 2016-2028(US$ Bn)
11.3.1. Overview
11.3.2. Large airport
11.3.3. Medium airport
11.3.4. Small airport
11.4. Africa Airport Retail Market, by Distribution Channel, 2016-2028(US$ Bn)
11.4.1. Overview
11.4.2. Direct retailer
11.4.3. Convenience store
11.4.4. Specialty retailer
11.4.5. Departmental store

12. Global
12.1. Global Airport Retail Market, by Product Type, 2016-2028(US$ Bn)
12.1.1. Overview
12.1.2. Liquor & tobacco
12.1.3. Perfumes & cosmetics
12.1.4. Fashion & accessories
12.1.5. Food & beverages
12.1.6. Others
12.2. Global Airport Retail Market, by Airport Size, 2016-2028(US$ Bn)
12.2.1. Overview
12.2.2. Large airport
12.2.3. Medium airport
12.2.4. Small airport
12.3. Global Airport Retail Market, by Distribution Channel, 2016-2028(US$ Bn)
12.3.1. Overview
12.3.2. Direct retailer
12.3.3. Convenience store
12.3.4. Specialty retailer
12.3.5. Departmental store

13. Company Profiles
13.1. AIRPORT Retail Group, Llc
13.2. China Duty-Free Group Co., Ltd.
13.3. DFS Group Ltd.,
13.4. Dubai Duty-Free
13.5. Flemingo International
13.6. Japan Airport Terminal Co., Ltd.
13.7. King Power International
13.8. Gebr. Heinemann Se & Co. KG
13.9. Dufry AG
13.10. The Shilla Duty-Free

List of Figures

FIG. 1 Global Airport Retail Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Airport Retail Market Segmentation
FIG. 4 Global Airport Retail Market, by Product Type, 2021 (US$ Bn)
FIG. 5 Global Airport Retail Market, by Airport Size, 2021 (US$ Bn)
FIG. 6 Global Airport Retail Market, by Distribution Channel, 2021 (US$ Bn)
FIG. 7 Global Airport Retail Market, by Geography, 2021 (US$ Bn)
FIG. 8 Attractive Investment Proposition, by Product Type, 2021
FIG. 9 Attractive Investment Proposition, by Airport Size, 2021
FIG. 10 Attractive Investment Proposition, by Distribution Channel, 2021
FIG. 11 Attractive Investment Proposition, by Geography, 2021
FIG. 12 Global Market Positioning of Key Airport Retail Market Manufacturers, 2019
FIG. 13 Global Airport Retail Market Value Contribution, By Product Type, 2021 & 2028 (Value %)
FIG. 14 Global Airport Retail Market, by Liquor & tobacco, Value, 2016-2028 (US$ Bn)
FIG. 15 Global Airport Retail Market, by Perfumes & cosmetics, Value, 2016-2028 (US$ Bn)
FIG. 16 Global Airport Retail Market, by Fashion & accessories, Value, 2016-2028 (US$ Bn)
FIG. 17 Global Airport Retail Market, by Food & beverages, Value, 2016-2028 (US$ Bn)
FIG. 18 Global Airport Retail Market, by Others, Value, 2016-2028 (US$ Bn)
FIG. 19 Global Airport Retail Market Value Contribution, By Airport Size, 2021 & 2028 (Value %)
FIG. 20 Global Airport Retail Market, by Large airport, Value, 2016-2028 (US$ Bn)
FIG. 21 Global Airport Retail Market, by Medium airport, Value, 2016-2028 (US$ Bn)
FIG. 22 Global Airport Retail Market, by Small airport, Value, 2016-2028 (US$ Bn)
FIG. 23 Global Airport Retail Market Value Contribution, By Distribution Channel, 2021 & 2028 (Value %)
FIG. 24 Global Airport Retail Market, by Direct retailer, Value, 2016-2028 (US$ Bn)
FIG. 25 Global Airport Retail Market, by Convenience store, Value, 2016-2028 (US$ Bn)
FIG. 26 Global Airport Retail Market, by Specialty retailer, Value, 2016-2028 (US$ Bn)
FIG. 27 Global Airport Retail Market, by Departmental store, Value, 2016-2028 (US$ Bn)
FIG. 28 U.S. Airport Retail Market, 2016-2028 (US$ Bn)
FIG. 29 Rest of North America Airport Retail Market, 2016-2028 (US$ Bn)
FIG. 30 U.K. Airport Retail Market, 2016-2028 (US$ Bn)
FIG. 31 Germany Airport Retail Market, 2016-2028 (US$ Bn)
FIG. 32 France Airport Retail Market, 2016-2028 (US$ Bn)
FIG. 33 Italy Airport Retail Market, 2016-2028 (US$ Bn)
FIG. 34 Spain Airport Retail Market, 2016-2028 (US$ Bn)
FIG. 35 Russia Airport Retail Market, 2016-2028 (US$ Bn)
FIG. 36 BENELUX Airport Retail Market, 2016-2028 (US$ Bn)
FIG. 37 Poland Airport Retail Market, 2016-2028 (US$ Bn)
FIG. 38 Austria Airport Retail Market, 2016-2028 (US$ Bn)
FIG. 39 Rest of Europe Airport Retail Market, 2016-2028 (US$ Bn)
FIG. 40 Japan Airport Retail Market, 2016-2028 (US$ Bn)
FIG. 41 China Airport Retail Market, 2016-2028 (US$ Bn)
FIG. 42 India Airport Retail Market, 2016-2028 (US$ Bn)
FIG. 43 South Korea Airport Retail Market, 2016-2028 (US$ Bn)
FIG. 44 Australia Airport Retail Market, 2016-2028 (US$ Bn)
FIG. 45 Southeast Asia Airport Retail Market, 2016-2028 (US$ Bn)
FIG. 46 Rest of Asia Pacific Airport Retail Market, 2016-2028 (US$ Bn)
FIG. 47 Middle East & Africa Airport Retail Market, 2016-2028 (US$ Bn)
FIG. 48 South Africa Airport Retail Market, 2016-2028 (US$ Bn)
FIG. 49 Nigeria Airport Retail Market, 2016-2028 (US$ Bn)
FIG. 50 Egypt Airport Retail Market, 2016-2028 (US$ Bn)
FIG. 51 GCC Airport Retail Market, 2016-2028 (US$ Bn)
FIG. 52 Israel Airport Retail Market, 2016-2028 (US$ Bn)
FIG. 53 Latin America Airport Retail Market, 2016-2028 (US$ Bn)
FIG. 54 Brazil Airport Retail Market, 2016-2028 (US$ Bn)
FIG. 55 Argentina Airport Retail Market, 2016-2028 (US$ Bn)
FIG. 56 Colombia Airport Retail Market, 2016-2028 (US$ Bn)
FIG. 57 Peru Airport Retail Market, 2016-2028 (US$ Bn)
FIG. 58 Chile Airport Retail Market, 2016-2028 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Airport Retail Market
TABLE 2 Global Airport Retail Market, by Product Type, 2016-2028 (US$ Bn)
TABLE 3 Global Airport Retail Market, by Airport Size, 2016-2028 (US$ Bn)
TABLE 4 Global Airport Retail Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 5 Global Airport Retail Market, by Geography, 2016-2028 (US$ Bn)
TABLE 6 North America Airport Retail Market, by Product Type, 2016-2028 (US$ Bn)
TABLE 7 North America Airport Retail Market, by Airport Size, 2016-2028 (US$ Bn)
TABLE 8 North America Airport Retail Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 9 North America Airport Retail Market, by Country, 2016-2028 (US$ Bn)
TABLE 10 Europe Airport Retail Market, by Product Type, 2016-2028 (US$ Bn)
TABLE 11 Europe Airport Retail Market, by Airport Size, 2016-2028 (US$ Bn)
TABLE 12 Europe Airport Retail Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 13 Europe Airport Retail Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 14 Asia Pacific Airport Retail Market, by Product Type, 2016-2028 (US$ Bn)
TABLE 15 Asia Pacific Airport Retail Market, by Airport Size, 2016-2028 (US$ Bn)
TABLE 16 Asia Pacific Airport Retail Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 17 Asia Pacific Airport Retail Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 18 Latin America Airport Retail Market, by Product Type, 2016-2028 (US$ Bn)
TABLE 19 Latin America Airport Retail Market, by Airport Size, 2016-2028 (US$ Bn)
TABLE 20 Latin America Airport Retail Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 21 Latin America Airport Retail Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 22 Middle East Airport Retail Market, by Product Type, 2016-2028 (US$ Bn)
TABLE 23 Middle East Airport Retail Market, by Airport Size, 2016-2028 (US$ Bn)
TABLE 24 Middle East Airport Retail Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 25 Middle East Airport Retail Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 26 Africa Airport Retail Market, by Product Type, 2016-2028 (US$ Bn)
TABLE 27 Africa Airport Retail Market, by Airport Size, 2016-2028 (US$ Bn)
TABLE 28 Africa Airport Retail Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 29 Africa Airport Retail Market, by Country/Region, 2016-2028 (US$ Bn)

Frequently asked questions

Which is the leading market for Airport Retail?

In terms of volume and Value, Asia Pacific held the most significant proportion of the worldwide airport retail market.

What are the critical drivers for the growth of the Airport Retail market?

The primary drivers of the market’s expansion are an increase in the middle- and upper-class disposable income and corresponding expenditure, as well as a desire for unusual and exotic vacation experiences.

Which is the significant segment in Airport Retail Market by Airport Size?

Large airports had a significant share in 2021 with more than 50% of the market revenue share.

Which is the significant segment in Airport Retail Market by Distribution Channel?

In 2021, specialty retailers will have a sizable portion of the global market, and it is expected that they will maintain their dominance during the forecast period.

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