Dynamics of the Asia Pacific Duty-Free Retail Market: Growth Prospects

[Aarti Ghodke]

Asia pacific duty-free retail   Market Report Overview

The items sold in a duty-free shop (or store) are exempt from paying certain local or national taxes and tariffs, provided that the customers are travelers who would be taking the goods outside of the country. Each jurisdiction has different rules on whether goods can be sold duty-free, how they can be sold, and how the duty is calculated or refunded.

 

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Asia pacific duty-free retail   Market Report Scope and Research Methodology

new international airports are being constructed, creating considerable economic prospects for people who work in the market. For instance, the first phase of an international airport dubbed "Dholera" in Gujarat will cost USD 135.07 million, according to building clearance granted in February 2021 by the Airport Authority of India (AAI), a governmental entity in India that oversees 125 airports (INR 987 crore). Delhi and Mumbai will each have three international airports, compared to two operational airports for each of the top 31 Indian cities, and India would have 190–200 operational airports by the year 2040, as stated in the Civil Aviation Ministry's "Indian Aviation's Vision 2040."

 

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Asia pacific duty-free retail   Market Regional Insights

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Asia pacific duty-free retail market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Asia pacific duty-free retail market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Asia pacific duty-free retail market is aided by legal factors.

 

Asia pacific duty-free retail   Market Segmentation

According to the sales channel, the market is segmented by airports, ships, seaports, train stations, and other places. Airports account for the majority of total product sales. The growing number of local and international airports across all countries favor product sales through this distribution channel. Several developments under the "airports" category illustrate the rising number of duty-free stores in airports around the world. A duty-free shop would be established at Thiruvananthapuram International Airport by the middle of May 2022, according to a statement made in April 2022 by the Adani Group, an Indian integrated corporate conglomerate, and Flemingo, a Dubai-based operator. to establish duty-free shops in all significant seaports by the year 2022.

 

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Asia pacific 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)

Key questions answered in the Automotive Relay Market are:

• What is Asia pacific duty-free retail  ?
• What are the global trends in the Asia pacific duty-free retail  Market?
• What are the factors contributing to the final price of Asia pacific duty-free retail  ?
• What are the recent industry trends that can be implemented to generate additional revenue streams for Asia pacific duty-free retail  Market?
• How is the intervention from regulatory authority is shaping the Asia pacific duty-free retail  Market?
• What growth strategies are the players considering to increase their presence in Asia pacific duty-free retail  Market?
• Who held the largest market share in Asia pacific duty-free retail  Market?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022−2029
• 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

Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients 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 all 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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