Duty Free Retailing in Asia-Pacific, 2015-2020; Market Dynamics, Retail Trends, and Competitive Landscape

Published: June 2016
No. of Pages: 138
    ReportsandReports

Summary

Asia-Pacific duty free retail market recorded CAGR of 9.4% during 2010-2015 driven by increase in Chinese duty free spending and expansion of duty free retail space. Growing tourism, expansion of off-airport duty free locations, rising online duty free sales are key factors that will positively influence the regional duty free sales. However, devaluation of Chinese Yuan will reduce purchasing power of high spending Chinese duty free shoppers. To entice this cohort, majority of the Asian countries are easing their visa policies, which have previously fueled tourism and thus spending in Japan and South Korea. Duty free operators are also seeking growth in new markets as competition in home market intensifies with new airport and downtown duty free locations.

Key Findings

  • Asia-Pacific will register CAGR of 9.4% during 2015-2020. It is the fastest growing region globally
  • South Korea is the largest market in the region contributing more than 30% to the total region sales
  • Japan will overtake Singapore and Thailand by 2020, growing at a CAGR of 13.2%
  • India is the fastest growing market and is expected to surpass Thailand by 2020 with sales reaching US$1.4 billion
  • Health and beauty is the largest category in 2015 and is expected to grow at a CAGR of 10.0%

Synopsis

The "Duty Free Retailing in Asia-Pacific, 2015-2020" report, published by Verdict Research, provides analysis of current and forecast market data for retail sales in different product categories sold through duty free channel in Asia-Pacific.

What else does this report offer?

  • Current market sizes and forecasts to 2020 by country and category; covers 12 countries in Asia-Pacific and 20 categories, including clothing, consumer electronics, drinks, footwear, homewares, jewelry, watches and accessories, luggage and leather goods, packaged food, health and beauty, photographic equipment, printed media, sports equipment, tobacco, toys and games, and others
  • Market insights based on consumer trends and changing economic and demographic factors on a regional and country basis
  • International arrivals by country and top 10 source countries for international arrivals in each country
  • Retail sales and fastest-growing markets for duty free channel
  • Category level retail sales and forecast growth rates for each country
  • Competitive landscape covering market share of major duty free operators in the region and their five year duty free sales and trading update analysis, duty free location wise latest developments, recent key events, and outlook

Reasons To Buy

Get immediate access to:

  • Get reliable duty free retail sales data on 12 countries in Asia-Pacific for 2015 with forecasts for 2020, and identify the largest and fastest-growing markets to inform market expansion and to manage risk
  • Explore an in-depth analysis of duty free retail sales data by country and categories to spot and target key categories in each country, and use to plan growth opportunities and develop strategies for each
  • Learn from duty free retail trends and market drivers to customize your entry/expansion approach depending on the duty free retail landscape
  • Make country level comparisons to effectively target new revenue streams and align marketing strategies with the crucial trends influencing duty free spending in the region
  • Choose partners , understand the competition, with data and analysis of major duty free operators in the region, including market shares, trading performance, locations, latest developments, and the outlook for each

Companies Mentioned

  • DFS Group
  • Lotte Duty Free
  • The Shilla Duty Free
  • Ever Rich Group
  • King Power International (Thailand)
  • Sunrise Duty Free
  • China Duty Free group
  • King Power Group (Hong Kong)
  • Sky Connection Limited
  • Dufry
  • Japan Airport Terminal Co.
  • Gebr. Heinemann
  • Aelia Duty Free

Published By: GlobalData
Product Code: Verdict213


Did you find what you are/were looking for ? If not, read below and browse through other relevant pages for similar market research reports OR get in touch with us through the form/contact info in your right navigation panel and well share relevant market report titles for you to explore.

Related Reports:

  • Mobile & Tablet Retailing in the UK 2017

    Mobile & Tablet Retailing in the UK 2017 Summary Mobile spend is set to dramatically rise, forecast to increase by 112.0% in the next five years. Key sectors including clothing & footwear and food & grocery will aid market acceleration, with the fo...

  • Global Online Baby Products Retailing Market 2017-2021

    The retailing of different types of baby products through online or e-commerce is considered as online baby products retailing. Online retail provides consumers with the convenience to purchase products of their choice online and payment options such...

  • The UK Clothing Market 2017-2022

    The UK Clothing Market 2017-2022 Summary UK clothing market will grow by 16.6% over the next five years to £51.2bn. While growth is 3.9 ppts stronger than that of 2012-17, the market will be driven by inflation, staying above the 2.0% mark until 2...

  • Global Online Sports Retailing Market Size, Status and Forecast 2022

    This report studies the global Online Sports Retailing market, analyzes and researches the Online Sports Retailing development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in...

  • Global Online Apparel Retailing Market Size, Status and Forecast 2022

    This report studies the global Online Apparel Retailing market, analyzes and researches the Online Apparel Retailing development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players ...

  • The UK food & grocery market 2017-2022

    Despite moves to source more produce from within the UK to offset currency fluctuations, inflation will cause prices to rise across all food & grocery categories, boosting spend by 19.6% over the next five years, reaching £172.0bn in 2022. ...

  • Home Retailing in Germany, Market Shares, Summary and Forecasts to 2021

    Home Retailing in Germany, Market Shares, Summary and Forecasts to 2021 Summary "Home Retailing in Germany, Market Shares, Summary and Forecasts to 2021" provides data for historic and forecast retail sales, and also includes information on the bus...

  • Health & Beauty Retailing in Germany, Market Shares, Summary and Forecasts to 2021

    Health & Beauty Retailing in Germany, Market Shares, Summary and Forecasts to 2021 Summary "Health & Beauty Retailing in Germany, Market Shares, Summary and Forecasts to 2021" provides data for historic and forecast retail sales, and also includes ...

  • Food & Grocery Retailing in Germany, Market Shares, Summary and Forecasts to 2021

    Food & Grocery Retailing in Germany, Market Shares, Summary and Forecasts to 2021 Summary "Food & Grocery Retailing in Germany, Market Shares, Summary and Forecasts to 2021" provides data for historic and forecast retail sales, and also includes in...

  • Electricals Retailing in Germany, Market Shares, Summary and Forecasts to 2021

    Electricals Retailing in Germany, Market Shares, Summary and Forecasts to 2021 Summary "Electricals Retailing in Germany, Market Shares, Summary and Forecasts to 2021" provides data for historic and forecast retail sales, and also includes informat...


Why ReportsnReports.com?

  • 500,000 market research reports and growing.
  • Top Fortune 500 Organizations trust us for research data.
  • 24/7 support on call as well as emails.
  • Your Details are safe with us.
  • Free support for your research requirements.
  • Report Delivery: Email
  • Delivery Time:
    • Upto 24 hrs - working days
    • Upto 48 hrs max - weekends and public holidays

Research Support / Custom Research

If this business study does not have the data and information analysis you need, contact us with your research requirements. We explore available market research reports to map your needs and share report titles with you. Alternatively, we can also offer custom research that suits your budget and timelines. Share your information requirements here.
Connect With Us
Email: sales@reportsandreports.com Call : + 1 888 391 5441

Subscription Option

Using our subscription option, you get access to market research reports and industry data of Consumer Goods market as per your needs. Get the best of Consumer Goods research reports by utilizing your research budgets in an optimum way.

More about our Subscription option
Report Alerts

Get Email alerts about market research reports from industries and publishers of your interest: