Global Airport Retailing - Verdict Channel Report
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| Airport Retailing |
Albany, New York, Mar 08, 2017
"Global
Airport Retailing - Verdict Channel Report"
The Report covers current Industries Trends, Worldwide Analysis,
Global Forecast, Review, Share, Size, Growth, Effect.
Description-
– Summary
After two years of slowing growth due to a weak global economy, we forecast that airport retail sales will gain momentum in 2017 and grow by 7.7%. More passengers and higher levels of spend per passenger, as the economy improves, the BRIC countries strengthen and MINT nations emerge. The future prospects for the channel remain buoyant, with growth improving every year to 11.0% in 2019.
After two years of slowing growth due to a weak global economy, we forecast that airport retail sales will gain momentum in 2017 and grow by 7.7%. More passengers and higher levels of spend per passenger, as the economy improves, the BRIC countries strengthen and MINT nations emerge. The future prospects for the channel remain buoyant, with growth improving every year to 11.0% in 2019.
–
Key Findings
Forecasts of global and regional sales, passenger numbers, spend per passenger and sector spend up to 2019 to enable opportunities to be identified.
Briefings on the 10 main players in the airport sector, with market shares up to 2017, coverage of recent key events and what it means for the market.
An analysis of the major trends within the airport sector, how it will affect it operators and if a potential threat, how it can be overcome.
– Synopsis
While all sectors are set to achieve robust growth over the next five years, the best performing ones will be beauty products and alcohol. Beauty products will be supported by new products stimulating demand and a reluctance by customers to cut back. The ability to not pay tax or duty on alcohol at an airport will support this sector up to 2019.
The growth of low cost carriers (LCC) continues, and accounted for 24.8% of all air traffic in 2012. This growth tends to suppress airport spend as these shoppers are either ineligible for duty free or have little appetite for it. With more long haul flights for LCC's planned, retailers must adjust their offer to serve these customers.
Dufry is set to retain top spot in the airport market in 2017 with a share just under 10%. The company has been driven by acquisitions, such as the complete acquisition of Hellenic Duty Free in 2013, and significant expansion plans within Europe, Middle East and North America, with new stores set to open in Dallas, JFK in New York, and Brazil.
– ReasonsToBuy
Which regions and sectors are set to outperform the market over the next five years? What factors are behind this performance?
Forecasts of global and regional sales, passenger numbers, spend per passenger and sector spend up to 2019 to enable opportunities to be identified.
Briefings on the 10 main players in the airport sector, with market shares up to 2017, coverage of recent key events and what it means for the market.
An analysis of the major trends within the airport sector, how it will affect it operators and if a potential threat, how it can be overcome.
– Synopsis
While all sectors are set to achieve robust growth over the next five years, the best performing ones will be beauty products and alcohol. Beauty products will be supported by new products stimulating demand and a reluctance by customers to cut back. The ability to not pay tax or duty on alcohol at an airport will support this sector up to 2019.
The growth of low cost carriers (LCC) continues, and accounted for 24.8% of all air traffic in 2012. This growth tends to suppress airport spend as these shoppers are either ineligible for duty free or have little appetite for it. With more long haul flights for LCC's planned, retailers must adjust their offer to serve these customers.
Dufry is set to retain top spot in the airport market in 2017 with a share just under 10%. The company has been driven by acquisitions, such as the complete acquisition of Hellenic Duty Free in 2013, and significant expansion plans within Europe, Middle East and North America, with new stores set to open in Dallas, JFK in New York, and Brazil.
– ReasonsToBuy
Which regions and sectors are set to outperform the market over the next five years? What factors are behind this performance?
Table
of Contents
1 Overview
2
Key Findings
2.1 We expect growth through airports to ease marginally in 2015
2.2 2015 passenger numbers will remain consistent with 2017
2.3 Beauty and electricals sales drive growth
2.4 Growth set to accelerate over next five years
2.5 Asia Pacific drives the market, both now and in the future
2.6 Relaxation of visas rules for Asian passengers will increase airport sales
2.7 Following its acquisitions, Dufry is the undisputed market leader
2.8 Greater consolidation will change the landscape of the channel
2.9 Airside will increase its share of the market by 2020
2.1 We expect growth through airports to ease marginally in 2015
2.2 2015 passenger numbers will remain consistent with 2017
2.3 Beauty and electricals sales drive growth
2.4 Growth set to accelerate over next five years
2.5 Asia Pacific drives the market, both now and in the future
2.6 Relaxation of visas rules for Asian passengers will increase airport sales
2.7 Following its acquisitions, Dufry is the undisputed market leader
2.8 Greater consolidation will change the landscape of the channel
2.9 Airside will increase its share of the market by 2020
3
Market Size
3.1 Market definition
3.2 Overall market
3.2.1 Sales growth remains consistent in 2015
3.3 Market size by region
3.3.1 Asia Pacific drives growth globally
3.3.2 Europe continues its recovery
3.3.3 The Americas and the Middle East and Africa continue to gather momentum
3.4 Passenger numbers by region
3.4.1 The Middle East and Africa has been the fastest growing region since 2012
3.4.2 Passenger numbers in Asia Pacific continue to cool
3.4.3 A recovery in the euro supported the European sector
3.4.4 We expect the momentum in the Americas to continue into 2015
3.5 Spend per passenger
3.6 Market size by category
3.6.1 Beauty sees strongest growth in 2015
3.6.2 Electricals growth ratchets upwards
3.6.3 Alcohol sales recover in 2015 after a challenging year
3.6.4 Tobaccos share of the global airport market will decline sharply in 2015
3.1 Market definition
3.2 Overall market
3.2.1 Sales growth remains consistent in 2015
3.3 Market size by region
3.3.1 Asia Pacific drives growth globally
3.3.2 Europe continues its recovery
3.3.3 The Americas and the Middle East and Africa continue to gather momentum
3.4 Passenger numbers by region
3.4.1 The Middle East and Africa has been the fastest growing region since 2012
3.4.2 Passenger numbers in Asia Pacific continue to cool
3.4.3 A recovery in the euro supported the European sector
3.4.4 We expect the momentum in the Americas to continue into 2015
3.5 Spend per passenger
3.6 Market size by category
3.6.1 Beauty sees strongest growth in 2015
3.6.2 Electricals growth ratchets upwards
3.6.3 Alcohol sales recover in 2015 after a challenging year
3.6.4 Tobaccos share of the global airport market will decline sharply in 2015
4
Market Forecast
4.1 Market size by region
4.1.1 Global sales continue to rise
4.1.2 Asia Pacific fastest growing market
4.1.3 Asia Pacific market will nearly double by 2020
4.1.4 New airports open to satisfy increasing demand
4.1.5 Europe sees slowest growth over next five years
4.1.6 Sales in Americas to grow 50.6% in next five years
4.2 Passenger numbers by region
4.3 Spend per passenger
4.3.1 Spend per passenger to increase across all regions
4.4 Market size by category
4.1 Market size by region
4.1.1 Global sales continue to rise
4.1.2 Asia Pacific fastest growing market
4.1.3 Asia Pacific market will nearly double by 2020
4.1.4 New airports open to satisfy increasing demand
4.1.5 Europe sees slowest growth over next five years
4.1.6 Sales in Americas to grow 50.6% in next five years
4.2 Passenger numbers by region
4.3 Spend per passenger
4.3.1 Spend per passenger to increase across all regions
4.4 Market size by category
5
Outlook
5.1 Mobile and pre-order shopping
5.1.1 More airport retail operators now offer pre-order shopping
5.1.2 Pre-order purchases encourage more time-constrained customer to increase spend
5.1.3 Pre-order shopping benefits from a captive audience
5.1.4 Operators aiming to outdo each other in terms of convenience
5.1.5 For pre-order to be effective, a robust infrastructure is required
5.1.6 Improving how the website looks will help attract luxury brands and drive sales
5.1 Mobile and pre-order shopping
5.1.1 More airport retail operators now offer pre-order shopping
5.1.2 Pre-order purchases encourage more time-constrained customer to increase spend
5.1.3 Pre-order shopping benefits from a captive audience
5.1.4 Operators aiming to outdo each other in terms of convenience
5.1.5 For pre-order to be effective, a robust infrastructure is required
5.1.6 Improving how the website looks will help attract luxury brands and drive sales
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