Overview of the North America duty-free retail Market:
The North America duty-free retail Market is thoroughly covered by Stellar Market Research. The study offers localized insights into the evolving trends, business climate, and dominant components of the North America duty-free retail market. The scope of the study includes an in-depth examination of the North America duty-free retail market as well as the reasons behind regional variations in the growth of the sector.
Market Values:
North America duty-free retail Market was valued at USD 27.13 billion in 2023 and the market size is estimated to grow at a CAGR of 6.8% over the forecast period.
Market Scope:
The research provides an overview, definition, and proactive/planned management for the North America duty-free retail market. It offers. Throughout the market engineering process, various data triangulation approaches and top-down and bottom-up tactics were employed to conduct market estimates and forecasting for the market segments and sub-segments covered in this research study. In order to better understand the structure of the North America duty-free retail market, the study analyzes the top players in the market in terms of their size, market share, growth, revenue, production volume, and profitability in each region. To identify the market's advantages and disadvantages for North America duty-free retail, a SWOT analysis is done. The study on the North America duty-free retail market offers a thorough analysis and comprehension of the trends, drivers, obstacles, and restraints in the
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Segmentation:
By Type
Perfumes
Cosmetics
Alcohol
Cigarette
Others
Depending on the kind of goods, the duty-free retailing market in North America is segmented into numerous areas, including clothes and accessories, food products and confections, tobacco and cigarettes, cosmetics and personal care, and wine, spirits, and alcohol. The "others" category includes things like watches, toys, novels, fine literature, nutritional supplements, and electronics. The opportunity to purchase the goods for a considerably reduced price is driving this tendency, which is helping the duty-free retailing industry flourish. Airlines have lately launched two new services to enhance passengers' flying experiences: pre-boarding shopping and onboard shopping. Consequently, these services are supporting the expansion of the duty-free retailing industry.
By Sales Channel
Airport
Onboard aircraft
seaport
Train stations
Others
Airports, onboard airplanes, seaports, and others are the several segments of the North American duty-free retailing business based on the sales channel. Following the segments for others, seaport, and on-board, the airports segment holds the largest market share. Customers can choose to have their purchases delivered to the airport or on a flight by pre-ordering duty-free products through the airport duty-free retailing facility. This significantly reduces the likelihood of paying an over baggage charge by allowing passengers to travel with less luggage.
Country Scope
United States
Canada
Mexico
North America duty-free retail Key Players:
Key Players of the North America duty-free retail Market profiled in the report include…..
- Dufry AG (Switzerland)
- DFS Group (China)
- Gebr. Heinemann SE Co. KG (Germany)
- Shinsegae Duty-Free Inc. (South Korea)
- The King Power International Group (Thailand)
- Lagardère Group (France)
- Dubai Duty-Free (UAE)
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Key Questions answered in the North America duty-free retail Market Report are:
- What was the North America duty-free retail market size in 2023?
- What is the expected North America duty-free retail market size by 2030?
- What are investment Opportunities for the North America duty-free retail market?
- Which factors are limiting the scope of the North America duty-free retail market?
- What are the key drivers of the market?
- What are the recent industry trends that were implemented to generate additional revenue streams for the North America duty-free retail Market?
- Who held the largest market share in the North America duty-free retail Market?
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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