The Duty Free Retailing in the Europe, 2015-2020 report, published by Verdict Research, provides analysis of current and forecast market data for retail sales in different product categories sold through duty free channel in Europe.
European duty free market declined during 2010-2015 affected by the Eurozone crisis but is expected grow at a faster pace during the next five years. The market has recorded consistent growth in terms of local currency driven by surge in international arrivals and duty free spending from emerging markets travelers, mainly Chinese, who splurge on duty free luxury goods shopping to take advantage of favorable exchange rates. These factors together with expansion of airport retail space, launch of innovative concepts, and integration of digital shopping will lead European duty free market to record 4.7% CAGR during 2015-2020. Duty free retailers are also optimistic towards the market and are expanding in busiest airports, such as Birmingham and Heathrow airports, with focus on enhancing in-store experience and convenience.
-The UK duty free retail market accounts for 24.8% of the total regional market, and is forecast to grow at a CAGR of 4.6% during 2015-2020, driven by growing tourism, spending from emerging market tourists and modernized duty free outlets
-Euro weakness affected the regions performance in US Dollar, but offers an opportunity for Asian and emerging market duty free shoppers
-Increasing visits from Asian travelers, expansion of retail space in airports and opening of new duty free stores will lead Poland to produce the highest CAGR of 6.6% in the region
-Health and beauty is the fastest growing category group in the region at 6.4%. Entry of new brands, allocation of higher retail space, and integration of technology will contribute to the growth
-To boost Chinese spending, brands, duty free operators and airport authorities are stepping up their efforts, such as addition of their preferred payment system and new airline routes.
What else does this report offer?
-Current market sizes and forecasts to 2020 by country and category; covers 24 countries in Europe and 20 categories, including clothing, consumer electronics, drinks, footwear, homewares, jewelry, watches and accessories, luggage and leather goods, packaged food, health and beauty, photographic equipment, printed media, sports equipment, tobacco, toys and games, and others
-Market insights based on consumer trends and changing economic and demographic factors on a regional and country basis
-International arrivals by country and top 10 source countries for international arrivals in each country
-Retail sales and fastest-growing markets for duty free channel
-Category level retail sales and forecast growth rates for each country
-Competitive landscape covering market share of major duty free operators in the region and their five year duty free sales and trading update analysis, duty free location wise latest developments, recent key events, and outlook
Reasons To Buy
Get immediate access to:
-Get reliable duty free retail sales data on 24 countries in Europe for 2015 with forecasts for 2020, and identify the largest and fastest-growing markets to inform market expansion and to manage risk
-Explore an in-depth analysis of duty free retail sales data by country and categories to spot and target key categories in each country, and use to plan growth opportunities and develop strategies for each
-Learn from duty free retail trends and market drivers to customize your entry/expansion approach depending on the duty free retail landscape
-Make country level comparisons to effectively target new revenue streams and align marketing strategies with the crucial trends influencing duty free spending in the region
-Choose partners , understand the competition, with data and analysis of major duty free operators in the region, including market shares, trading performance, locations, latest developments, and the outlook for each.
Best Selling Reports :
Duty Free Retailing in the Americas, 2015-2020; Market Dynamics, Retail Trends, and Competitive Landscape
Duty Free Retailing in Middle East and Africa, 2014-2019: Market Dynamics, Retail Trends and Competitive Landscape