Airport Retailing Market Size, Share, Analysis, Trends, Growth Report, 2032

Airport Retailing Market Insights

According to Zion Market Research, the global Airport Retailing Market was worth USD 38.44 Billion in 2023. The market is forecast to reach USD 83.48 Billion by 2032, growing at a compound annual growth rate (CAGR) of 9% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Airport Retailing industry over the next decade.

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Global Airport Retailing Market: Overview

Aviation industries not only depend on aeronautical business to generate targeted return on investments, but also a non-aeronautical business. Owing to rising competition among global players for offering low airfares and diversifying sources for generation of revenue, the focus has shifted towards non-aeronautical sector for constant growth in this market. The non-aeronautical business includes advertisements, duty-free retail shops, catering services, restaurant bars cafeterias, and others. Aviation industries have realized the importance of retail business and consider it as the key contributor so as to sustain in the industries.

Airport retailing refers to the range of shopping and commercial services available to travelers within airport terminals. It includes duty-free shops, luxury brands, electronics, fashion, travel accessories, and food and beverage outlets. This retail environment capitalizes on the captive audience of passengers who spend time at airports, either waiting for flights or during layovers, offering them convenient shopping and dining options. Airport retailing is often known for its tax-free products, exclusive offerings, and high-end brands, creating a unique shopping experience. It has become a key revenue source for airports, benefiting from the growing number of global travelers and their increasing demand for on-the-go retail experiences.

Global Airport Retailing Market: Growth Factors

The global airport retailing market is experiencing significant growth owing to increasing budget of the aviation industries and air travelers, which in turn may foster the growth of the global market in the coming years. In addition, expansion of multinational retailers and rising number of terminals are other factors that are expected to enhance the global airport retailing market. Increasing the disposable income of the population and availability of luxury products at affordable prices are also anticipated to fuel the global market growth in future. Major factors driving the global airport retailing market are the growth of the tourism sector and availability of products at affordable prices.

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Global Airport Retailing Market: Segmentation

The global airport retailing market is categorized based on ownership, product type, store type, and geography.

The ownership segment includes corporate chains, independent owners, and franchises.

The type segment comprises food and beverages, pharmacy products, electronic products, arts, and fashion and accessories. Further, the store type segment is fragmented as duty-free stores, supermarkets, independent stores and showroom, restaurants, and others.

Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Airport Retailing Market: Report Scope

Global Airport Retailing Market: Regional Analysis

Europe is the largest market in the airport retailing market owing to immense growth opportunities in the airport retailing market. In addition, increasing investments for expansion of airport retailing along with growth in the tourism sector are expected to contribute to the global market growth in the next few years. The presence of affordable airfares also influences the global airport retailing market. Moreover, several new projects in pipeline sector that consist of the renovation of existing projects and expansion of new terminals may also impact the global market growth in a positive way. Asia Pacific is also anticipated to witness considerable growth in the global airport retailing market. Increasing investment by the developing economies such as China and India over new terminals and expansion of the dedicated retail areas for attracting a large number of passengers also positively impacts the global market in this region.

Global Airport Retailing Market: Competitive Players

Some main participants of the Airport Retailing market are

• Lagardere Travel Retail
• Baltona Duty Free
• Autogrill
• Regstaer Duty Free
• Dufry. 

Other major players include 

• Gebr Heinemann
• DFS Group
• Hugo Boss
• Levi's
• Lacoste
• Le Bridge Duty Free
• Bahrain Duty Free Shop Complex (BSC)
• Duty Free Americas
• Dubai Duty Free
• among others.

The airport retailing market is segmented as follows:

By Ownership

• Corporate Chains
• Independent Owners
• Franchises

By Product Type 

• Food & Beverages
• Pharmacy Products
• Electronic Products
• Arts
• Fashion & Accessories

By Store Type 

• Duty-Free Stores
• Supermarkets
• Independent Stores & Showroom
• Restaurants
• and Others

Airport Retailing Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa