North America Airport Retailing Market Worth $9.90 Billion by 2020
PUNE, India, January 13, 2016 /PRNewswire/ --
According to the new Market Research Report "North America Airport Retailing Market By Category (Liquor & Tobacco, Perfumes & Cosmetics, Fashion, Food & Confectionery), By Type (Direct Retailer, Department Store, Specialty Retailer, Supermarkets), By Airport Size, By Geography - Forecast to 2020", the North America airport retailing market is expected to grow from USD 4.15 billion in 2015 to USD 9.90 billion by 2020, at a CAGR of 19.0% from 2015 to 2020.
Browse through the TOC of North America Airport Retailing Market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
http://www.micromarketmonitor.com/market/north-america-airport-retailing-7053503526.html
Early buyers will receive 10% customization on this report.
Earlier, when the aviation industry was facing a turmoil due to increasing fuel prices and economic recession, the sudden compulsion for alternate revenue streams became a necessity for airlines and airports to sustain their presence in the industry. The concept of airport retailing has helped the aviation industry to cope with its sluggish growth, by offering various opportunities to substantiate revenue sources. Nowadays, airports are investing heavily in optimizing revenue per visitor, by providing an enhanced retailing experience with various facilities, such as parking, boarding, lodging, catering, and advertising.
The North America airport retailing market has been increasing due to rise in international air traffic to/from the U.S., which has totaled to more than 80 million passengers in 2015, a 5% increase as compared to the previous year. Furthermore, Canada has also witnessed air traffic of more than 27.5 million passengers, a 7% increase on year-on-year basis.
For more Inquiries: http://www.micromarketmonitor.com/contact/7053503526-inquery_before_buy.html
In North America, the proportion of duty-free airport retailing market is estimated to account for more than 25% of the global duty-free airport retailing market in 2015. This market in North America grew by 16.3% in 2014, as compared to 2013. The U.S. was the top performer in this market, due to increase in the number of flights that further results in rise in footfall at airports.
MicroMarketMonitor broadly segments the North America airport retailing market on the basis of category, type, airport size, and geography. On the basis of category, the market is further segmented into liquor & tobacco, perfumes & cosmetics, fashion & accessories, and food & confectionery, among others. According to type, the market is categorized into direct retailer, department store, and specialty retailer. With respect to airport size, the market is classified into large, medium, and small, whereas on the basis of geography, the North America airport retailing market is further segmented into the U.S. and Canada.
Key Players of the North America Airport Retailing Market include:
Dufry AG, World Duty Free Group (WDFG), Duty Free Americas (DFA), and Gebr. Heinemann among others and so on.
Airports in North America are also focusing on various promotional activities such as events, digital advertising, campaigns, and press activities, to boost duty-free retail shopping and enhance product visibility. Recently, numerous airports and duty-free operators have developed their own mobile apps to provide passengers a convenient shopping experience. These applications facilitate passengers to buy and choose from the available product portfolio, acquire updates on exclusive offers, and gain information about the availability of nearby shops & restaurants.
Report Subscription:
MicroMarket Monitor produces exclusive market research reports, based on real-time data to provide better understanding of the dynamic market conditions of the Aerospace & Defence industry. The reports offer in-depth and complete analysis of the regional and country level marketplaces. The research reports for Aerospace & Defence industry are updated on quarterly basis and are easily available for purchase through annual subscriptions.
http://www.micromarketmonitor.com/offerings/subscription
About MicroMarket Monitor:
MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.
Contact:
Mr. Chandrasekhar K.
UNIT no 802, Tower No. 7, SEZ
Magarpatta City, Hadapsar
Pune, Maharashtra 411013,
India.
Tel: +1-888-502-0539
Email: [email protected]
SOURCE MicroMarket Monitor
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article