PUNE, India, September 14, 2016 /PRNewswire/ --
According to a new market research report "Airport Retailing Market by Type (Direct Retailer, Department Store, Specialty Retailer, Supermarkets), Airport Size (Large, Medium, Small), Category (Liquor & Tobacco, Perfumes & Cosmetics, Fashion & Accessories) - Global Forecast to 2021", published by MarketsandMarkets, the market is estimated to grow from USD 31.79 Billion in 2016 to USD 47.81 Billion by 2021, at a CAGR of 8.5% from 2016 to 2021.
Browse 56 market data Tables and 79 Figures spread through 140 Pages and in-depth TOC on "Airport Retailing Market"
Early buyers will receive 10% customization on this report.
Growth in the tourism industry, affordable airline prices, and the global rise of disposable incomes are some of the major factors driving this market.
The specialty retailer segment is expected to grow at the highest CAGR during the forecast period
The Airport Retailing Market, by type is segmented into direct retailer, department store, specialty retailer, and supermarkets. Specialty retailer type is expected to grow at the highest CAGR during the forecast period. These retailers offer specialized products, such as furniture, cosmetics, fabrics, among others. This segment has a prominent share in the U.S., Canada, Europe, and Asia-Pacific.
"The medium airport segment is expected to grow at the highest CAGR during the forecast period"
On the basis of airport size, the Airport Retailing Market is segmented into large airport, medium airport, and small airport. The medium airport segment is projected to grow at the highest CAGR during the forecast period, due to an increase in passenger footfall, which leads to the expansion of cargo capacity and aircraft operation, as well as increase in retailer shops. Due to the heavy passenger traffic at large airports, passenger footfall towards medium airports is increasing globally.
Europe is expected to dominate the Airport Retailing Market during the forecast period
The European region has seen an immense growth in the Airport Retailing Market, due to the growth in the tourism sector, affordable air fares, and increased investments in airports for expanding retail spaces. Furthermore, it is expected to grow in the near future as many new projects are in pipeline, which include development & expansion of new terminals, renovation of the existing airports, and refurbishments. With the privatization of airports all over the world, the focus is more on generating revenues from non-aeronautical businesses, such as travel retail, duty free shops, parking, advertisements, and services.
Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=196866228
The report also encompasses different strategies, such as mergers & acquisitions, partnerships & collaborations, and product developments, adopted by major players to increase their share in the market. Some of the major technology vendors are Dufry AG (Switzerland), Legardere Travel Retail (France), Dubai Duty Free (UAE), and DFS Group (Hong Kong).
Browse Related Reports
Digital Asset Management Market by Solution (Video Management), by Service (Consulting), by Application (Marketing), by Deployment Type, by User Type, by Industry (Government), and by Region - Global Forecast to 2020
Enterprise Content Management Market by Solution (Enterprise Document Management, Enterprise Web Content Management, Records Management, eDiscovery, and others), Deployment Type, User Type, Vertical and Region - Global Forecasts and Analysis to 2021
Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets