This report studies the Duty-Free Retailing market. Duty-free shops (or stores) are retail outlets that are exempt from the payment of certain local or national taxes and duties, on the requirement that the goods sold will be sold to travelers who will take them out of the country. Which products can be sold duty-free vary by jurisdiction, as well as how they can be sold, and the process of calculating the duty or refunding the duty component.

However, some countries impose duty on goods brought into the country, though they had been bought duty-free in another country, or when the value or quantity of such goods exceed an allowed limit. Duty-free shops are often found in the international zone of international airports, sea ports, and train stations but goods can also be bought duty-free on board airplanes and passenger ships. They are not as commonly available for road or train travelers, although several border crossings between the United States and both Canada and Mexico have duty-free shops for car travelers. In some countries, any shop can participate in a reimbursement system, such as Global Blue and Premier Tax Free, wherein a sum equivalent to the tax is paid, but then the goods are presented to customs and the sum reimbursed on exit.

Asia Pacific ranks the top in terms of global market size of Duty-Free Retailing, it consists of 26.1% of the international market in 2016. North America comes the second, with 22.4% of the global market. Middle East and Africa together consist of 16.2% of the Duty-Free Retailing market in the same year.

Dufry ranks the first in terms of revenue share in Global market of Duty-Free Retailing, occupies 22.29% of market share in 2016; While, Lotte Duty Free, with a market share of 12.07%, comes the second; All the other manufacturers which are not included in the report together only consist of approximately 5.60% of the global market in 2016.

The Global Duty Free Retailing Market touched xxx million USD with a CAGR xx % from 2018-2022 around the world. In the future, it is predicted to reach xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.
As the report focuses on global Duty Free Retailing Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.

in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.

In Market segmentation by manufacturers, the report covers the following companies-

Dufry
Lagardère Travel Retail
Lotte Duty Free
LVMH
Aer Rianta International (ARI)
China Duty Free Group
Dubai Duty Free
Duty Free Americas
Gebr. Heinemann
JR/Group (James Richardson)
King Power International Group (Thailand)
The Shilla Duty Free

In Market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types covers:

Perfumes
Cosmetics
Cigarettes
Others
In Market segmentation by applications :

Airports
Onboard Aircraft
Seaports
Train Stations
Others

Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Duty Free Retailing Market for the forecast period 2023 - 2030?
• What are the driving forces in the Duty Free Retailing Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Duty Free Retailing industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.

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