Global Travel Retail Market – Industry Trends and Forecast to 2031

여행 소매 시장 분석 및 규모

브랜드 존재감과 가시성은 여행 소매 시장의 핵심적인 특징으로, 선두 브랜드가 전략적으로 위치를 잡아 여행객의 관심을 사로잡습니다. 매년 수백만 명의 승객이 공항과 기타 환승 허브를 통과함에 따라 여행 소매는 브랜드가 다양한 글로벌 고객에게 제품을 전시할 수 있는 비할 데 없는 기회를 제공합니다. 눈길을 끄는 디스플레이, 독점 프로모션, 몰입형 경험에 투자하는 브랜드는 가시성을 높이고 브랜드 인지도를 강화하며 궁극적으로 매출을 늘리는 것을 목표로 합니다. 여행 소매 환경의 경쟁적 특성은 브랜드가 혁신하고 차별화하도록 강요하여 브랜드 존재감이 소비자 구매 결정에 중요한 역할을 하는 역동적인 시장으로 이어집니다.

글로벌 여행 소매 시장 규모는 2023년에 700억 6천만 달러로 평가되었으며, 2031년까지 2,011억 2천만 달러에 도달할 것으로 예상되며, 2024년에서 2031년까지의 예측 기간 동안 CAGR은 14.09%입니다. Data Bridge Market Research 팀이 큐레이팅한 시장 보고서에는 시장 가치, 성장률, 시장 세그먼트, 지리적 범위, 시장 참여자, 시장 시나리오와 같은 시장 통찰력 외에도 심층적인 전문가 분석, 수입/수출 분석, 가격 분석, 생산 소비 분석, 소비자 행동이 포함되어 있습니다.

보고 범위 및 시장 세분화

시장 정의

여행 소매는 화장품, 알코올, 고급 상품, 기념품을 포함한 광범위한 제품을 포함합니다. 여행 소매는 이동 중에 편리한 쇼핑 옵션과 독점적인 거래를 찾는 여행객이라는 사로잡힌 청중을 활용합니다. 브랜드에 다양한 글로벌 고객 기반에 도달할 수 있는 독특한 기회를 제공하며 종종 면세 쇼핑을 특징으로 하여 국제 여행객에게 매력적인 쇼핑 목적지가 됩니다.

여행 소매 시장 역학

운전자

• 면세 쇼핑 인센티브 확대로 여행객에게 제품 세금 감면 혜택 제공

면세 쇼핑 인센티브는 소비자에게 매력적인 가치 제안으로 작용하여 여행 중에 구매하도록 유도합니다. 여행 소매업체가 더 많은 고객 기반을 유치하고 더 높은 매출을 올릴 수 있는 세금 절감 혜택을 제공합니다. 이 전략은 여행객의 쇼핑 경험을 향상시키고 소매업체의 매출 성장을 자극하며 여행 소매 시장의 전반적인 확장에 기여합니다. 결과적으로 면세 쇼핑 인센티브를 활용하는 것은 면세 및 여행 소매 부문의 수익성 있는 기회를 활용하려는 소매업체에게 전략적 필수 사항이 되었습니다.

• 관광 산업 성장으로 새로운 여행 허브 개발 증가

여가, 업무 또는 기타 목적으로 국내 및 해외를 여행하는 사람이 늘어나면서 공항, 기차역, 관광 명소 등 다양한 여행지에서 소매 제품에 대한 수요가 증가하고 있습니다. 관광객들은 여행 중에 기념품, 선물, 일상 필수품을 찾는 경우가 많아 소매 판매가 촉진됩니다. 게다가 관광 산업의 확장으로 새로운 여행 허브와 인프라가 개발되어 소매업체가 매장을 설립하고 여행객의 요구를 충족할 수 있는 기회가 제공됩니다. 관광의 지속적인 성장은 여행 소매 부문의 지속적인 확장과 혁신을 촉진하여 글로벌 소매 환경에서 필수적인 구성 요소가 되었습니다.

기회

• 성장하는 인프라 개발로 소비자에게 편리한 여행 경험 제공

Improved transportation hubs, such as airports, train stations, and ports, offer enhanced connectivity and accessibility, making it easier for travelers to reach their destinations. As infrastructure expands, it creates more opportunities for retail outlets within these travel hubs, where consumers can shop for a wide range of products conveniently during their journeys. This increased accessibility leads to higher foot traffic and sales volumes in travel retail outlets, driving growth in the market. Modernized infrastructure often accompanies enhancements in amenities and services, further enhancing the overall shopping experience for travelers and incentivizing spending.

• Expanding Consumer Base with Rising Disposable Income

As people have more money to spend, they are inclined to indulge in travel experiences and luxury purchases during their journeys. This trend particularly benefits travel retail outlets located in airports, train stations, and other transit hubs, where travelers have time and inclination to shop. Additionally, higher disposable incomes often correlate with increased international travel, further boosting sales in duty-free and travel retail environments. Capitalizing on this trend allows travel retailers to cater to a growing demographic of affluent consumers seeking convenience and luxury while on the move.

Restraints/Challenges

• Growing Infrastructure Limitations Hinders the Physical Space for Retail Operations

Limited retail space and capacity bottlenecks can restrict the expansion of retail outlets, leading to fierce competition for prime locations. This constraint impedes retailers' ability to meet the evolving demands of travelers and offer a diverse range of products and services. Infrastructure constraints may hinder the implementation of innovative retail concepts and the provision of seamless shopping experiences, thereby affecting revenue potential and customer satisfaction in the travel retail sector..

• Travel Retailers Experiencing Intense Competition from Online Retail

As consumers increasingly turn to e-commerce for convenience and a wider product selection, traditional travel retailers face challenges in capturing sales within physical travel hubs. Online platforms offer 24/7 accessibility, competitive pricing, and personalized shopping experiences, drawing customers away from brick-and-mortar stores in airports and other transit locations. The ease of comparing prices and products online makes it harder for travel retailers to differentiate themselves and attract customers.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

• In January 2023, Lotte Duty Free's collaboartion with South Korean beauty brand, nonfiction, exemplifies the travel retail industry's trend towards diversifying product offerings. It introduces renowned local brands, Lotte Duty Free enhances its appeal to travelers seeking authentic experiences and premium beauty products
• In June 2021, LVMH's collaboration with environmental nonprofit Canopy underscores the increasing focus on sustainability in the travel retail market. Such initiatives demonstrate a commitment to eco-conscious practices, aligning with the growing consumer demand for environmentally friendly products and experiences while traveling
• In February 2021, Hudson Group's launch of the Hudson Nonstop store at Dallas Love Field Airport, utilizing Amazon's Just Walk Out technology, illustrates the integration of innovative retail solutions in travel environments. This advancement enhances convenience for travelers by streamlining the shopping experience, reflecting the industry's adaptation to evolving consumer preferences and technological advancements
• In February 2021, DFS's joint venture with Shenzhen Duty Free Group to establish a duty-free shopping center in Haikou Mission Mills, Hainan, highlights the expansion strategies employed by travel retailers to capitalize on emerging markets and popular travel destinations. Strategically locating duty-free outlets in high-traffic areas, such as downtown centers and tourist destinations, retailers can reach to the growing demand for duty-free shopping experiences among travelers

Travel Retail Market Scope

The market is segmented on the product, sector, distribution channel and end users.  The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Perfume and Cosmetics
• Wine and Spirit
• Electronics
• Luxury Goods
• Food
• Confectionery and Catering
• Tobacco
• Others

Distribution channel

• Airport
• Cruise Liner
• Railway Station
• Border
• Downtown
• Hotel Shop

Sector

• Duty-Free
• Duty-Paid

End Users

• Children (less than 18 years old)
• Youth (18-30 years old)
• Middle-aged (18-59 years old)
• The Elder (greater than 60 years old)

Travel Retail Market Regional Analysis/Insights

The market is analysed and market size insights and trends are provided by product, distribution channel, sector and end users as referenced above.

The countries covered in the market report are U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, rest of Europe, Japan, China, South Korea, India, Australia and New Zealand, Singapore, Thailand, Indonesia, Malaysia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel and rest of Middle East and Africa.

The Asia-Pacific is expected to dominate the market due to its rapid infrastructure development and the booming travel and tourism industry, particularly in China and India. This growth is further propelled by increasing per capita income and improved standards of living across the region. As disposable incomes rise, consumers are increasingly inclined towards travel and leisure activities, contributing to the expansion of the market. This favorable economic landscape creates a conducive environment for sustained growth and investment opportunities in various sectors within the Asia-Pacific.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Travel Retail Market Share Analysis

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the market are:

• King Power Group (Thailand)
• Aer Rianta International (Ireland)
• DFS Group Ltd. (Hong Kong)
• Dubai Duty Free. (U.A.E.)
• China tourism group (China)
• Gebr. Heinemann SE & Co. KG (Germany)
• Duty Free Americas, Inc. (U.S.)
• Flemingo. (India)
• Qatar Duty Free (Qatar)
• 3Sixty Duty Free (U.S.)
• Dufry (Switzerland)
• Lagardère (France)

SKU-43624