Airport Retailing Market Growth $97.18 Billion By 2032,CAGR:12.40%

Airport Retailing Market Size Worth $97.18 Billion By 2032 | CAGR: 12.40%


The global airport retailing market size is expected to reach USD 97.18 billion by 2032, according to a new study by Polaris Market Research. The report “Airport Retailing Market Share, Size, Trends, Industry Analysis Report, By Category (Fashion & Accessories, Perfumes & Cosmetics, Liquor & Tobacco, Food & Beverages, and Others); By Distribution Channel; By Airport Size; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The rapid increase in the number of airports worldwide offering a wide range of retail stores, duty-free outlets, and luxury brands in order to cater to diverse traveler preferences and elevate their experience and growing technological advancements that have made it easier for passengers to explore and purchase products at airports, are among the leading factors driving sales and revenue. Additionally, investments in airport infrastructure and expansion projects that led to larger terminals and increased commercial space are likely opportunities for businesses to establish their presence within airports and boost their revenue and growth.

For instance, in June 2023, Future Travel Experience established a new “FTE World Airport Retailing Working Group” under the company plans to extend their change into commercial space.

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In recent years, many airports and large retailers have developed mobile applications that provide travelers with a range of features, including real-time flight information, wayfinding assistance, and personalized shopping experiences. These apps allow passengers to browse and purchase products, access exclusive offers, and conveniently receive digital receipts, and they are likely to have a positive impact on the global market.

Additionally, there is a growing trend of incorporating wellness and health-focused retail options in airport environments, which includes the availability of healthy food choices, fitness facilities, relaxation areas, and wellness-themed retail outlets. Passengers across the world are increasingly prioritizing their well-being, and airports are responding by offering products and services that cater to these needs, which creates new revenue opportunities in the near future.

Airport Retailing Market Report Highlights

  • Fashion & accessories segment accounted for largest global market share in 2022, due to increasing customer base at airports spending higher on premium and fashionable products
  • Direct retailer segment led the industry market with substantial share in 2022, mainly attributable to their better control on their operations and ability to provide best competitive rates in the market
  • Medium airports segment is likely to grow at significant growth rate over the study period, owing to increased number of passengers due to their modern, spacious, and well-designed terminals
  • Asia Pacific region dominated the global market with considerable share in 2022, on account of rising consumer disposable incomes and surging airport infrastructure development in the region
  • The global key market players include King Power International, Japan Airport Terminal, Flemingo International, Airport Retail Group, Dubai Duty-Free, and DFS Group

Polaris Market Research has segmented the airport retailing market report based on category, distribution channel, airport size, and region:

Airport Retailing, Category Outlook (Revenue - USD Billion, 2019 - 2032)

  • Fashion & Accessories
  • Perfumes & Cosmetics
  • Liquor & Tobacco
  • Food & Beverages
  • Others

Airport Retailing, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)

  • Direct Retailer
  • Convenience Stores
  • Specialty Stores
  • Departmental Store

Airport Retailing, Airport Size Outlook (Revenue - USD Billion, 2019 - 2032)

  • Medium Airport
  • Small Airport
  • Large Airport

Airport Retailing, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Airport Retailing Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 38.23 billion

Revenue forecast in 2032

USD 97.18 billion

CAGR

12.40% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments covered

By Category, By Distribution Channel, By Airport Size, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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