Market Overview for North America duty-free retail

Stellar Market Research is a business consultancy firm that has provided a complete research of the "North America duty-free retail Market". The research contains essential business insights, demand and pricing analyses, and a competitive landscape. The study includes a complete analysis of the current situation of the North America duty-free retail Market, with estimates for 2030.

Market forecast:

The North American 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.

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North America duty-free retail Market Analysis and Methodology:

This study examines the North America duty-free retail market in several areas, using detailed segmentation as well as exact definitions, descriptions, and predictions. It includes a complete examination of both qualitative and quantitative North America duty-free retail market aspects, such as competitive landscapes, industry evaluations, economic factors, and multidimensional perspectives. Market trends are rigorously watched, and evaluations go back to historical data, studying various North America duty-free retail market scenarios and identifying key North America duty-free retail market drivers, constraints, opportunities, challenges, and emerging trends. The research examines market dynamics, growth prospects, segmented markets, geographical subtleties, competitive dynamics, and prediction models based on solid techniques and assumptions. It also includes value chain assessments, PESTLE studies, impact investigations, and Porter's assessments to provide a comprehensive grasp of the market landscape and future trajectories.

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North America duty-free retail Market Segmentation

By Type

Perfumes
Cosmetics
Alcohol
Cigarette
Others

The North American duty-free retailing market is classified into several categories based on the type of product: cosmetics and personal care; alcohol, wine, and spirits; tobacco and cigarettes; clothes and accessories; confectionery and food items; and others. Electronics, dietary supplements, toys, watches, books, and great literature fall under the "others" category. The tendency is spurred by the opportunity to purchase items at a much lower price, which is benefiting the growth of the duty-free retailing industry. Airlines have lately introduced two new services to improve passengers' traveling experiences: onboard shopping and pre-boarding shopping. As a result, these services are contributing to the growth of the duty-free shopping industry.

By Sales Channel

Airport
Onboard aircraft
seaport
Train stations
Others

The North American duty-free retailing market is separated into four sales channels depending on application: airports, onboard aircraft, seaports, and others. The airports segment has the largest market share, followed by others, seaport, and on-board. The airport duty-free retailing facility allows clients to pre-order duty-free goods and get them at the airport or on a flight. By allowing tourists to travel with less luggage, the possibility of paying an excess baggage charge is reduced even further.

Country Scope

United States
Canada
Mexico

North America duty-free retail Market Key Players

  • 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 are:

  • What growth strategies are the players considering to increase their presence in North America duty-free retail?
  • Who are the key players in the North America duty-free retail Market?
  • Who are the leading companies and what are their portfolios in North America duty-free retail Market? 
  • What is the growth rate of the North America duty-free retail Market?
  • What is North America duty-free retail?
  • What was the North America duty-free retail Market size in 2023?
  • What will be the CAGR at which the North America duty-free retail Market will grow?
  • Which are the factors expected to drive the North America duty-free retail market growth?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the North America duty-free retail Market?
  • What are the upcoming industry applications and trends for the North America duty-free retail Market?
  • What are the different segments of the North America duty-free retail Market?
  • What segments are covered in the North America duty-free retail Market?

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Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2022)
  • Past Pricing and price curve by region (2018 to 2022)
  • Market Size, Share, Size & Forecast by different segment | 2024−2030
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region 
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective 
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis 
  • PORTER’s analysis 
  • Value chain and supply chain analysis 
  • Legal Aspects of Business by Region
  • Lucrative business opportunities with SWOT analysis 
  • Recommendations 

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 medical devices, pharmaceutical manufacturers, 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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