Europe Duty-free Retail Market was valued at USD 18.9 billion in 2022. The Europe Duty-free Retail Market size is estimated to grow at a CAGR of 5.8 % over the forecast period.
Duty-free shopping in Europe refers to the practice of purchasing goods under certain conditions without having to pay import, sales, value-added, or other taxes. Duty-free shopping is an enticing perk of international travel.
Europe Duty-free Retail Market Report Scope and Research Methodology
The Europe Duty-free Retail market report includes business statistics and analytical insights to provide a comprehensive understanding of the market size, market share, growth, trend, demand, top player and industry profile, opportunities, value cycle, end-users, types, and application in simple language. The report also includes growth opportunities in micro markets for stakeholders to invest in with a detailed analysis of the competitive landscape and significant competitors' product offers. The report also includes an in-depth analysis of key players in the industry along with their financial status in the Europe Duty-free Retail market.
The qualitative and quantitative data provided in the Europe Duty-free Retail market report helps decision-makers to understand the factors affecting the market and key opportunities prevailing in the market. SWOT analysis was used to provide the strengths and weaknesses of the Europe Duty-free Retail market.
Europe Duty-free Retail Market Overview
The report on Europe Duty-free Retail market published by Stellar Market Research, is a combination of thorough primary and secondary research. The Europe Duty-free Retail market report provides a detailed analysis of ever-changing trends, the industry environment, and all the market's leading elements. Various methodologies are used to analyse the data and provide accurate and error-free results.
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Europe Duty-free Retail Market Key Players
World duty-free
Heinemann
Dufry
Travel retail Norway
Hellenic Duty-free shops
The loop
Logas Frances
DFS
ATU
Europe Duty-free Retail Market Dynamics:
Rising tourist spending on luxury goods is a major driver of the area market's expansion. Because of the relaxation of COVID-19 restrictions, airports in European countries have been built to attract travelers and passengers to Duty-Free Retail stores on their way to the departure lounge, as is the case in other international markets. Such arrangements are likely to encourage passengers to make discretionary purchases, increasing product sales in the years ahead.
Europe Duty-free Retail Market Regional Analysis
The report has been segmented into many key countries, including market size, CAGR, import and export of Europe Duty-free Retail market in the different countries mentioned in the report. The regions and their countries studied are:
North America- U.S., Canada, Mexico,
Europe- UK, Germany, France, Spain, Rest of Europe,
Asia Pacific- China, India, Japan, Australia, South Korea, Asian Countries, Rest of APAC,
South America- Brazil
Middle East and Africa.
Europe Duty-free Retail Market Segmentation
The international market is divided into types, such as cigarettes, alcohol, cosmetics, and perfumes. The perfumes segment is expected to hold the majority of the market share throughout the period. Luxury fragrances are distributed to duty-free shops all over the world by well-known international networks.
Key Questions answered in the Europe Duty-free Retail Market Report are:
Key offerings:
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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Europe Duty-free Retail Market , Middle East and Africa Organic Pigment Dispersion Market
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business.
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Mar 06, 2023