The 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
”, defines and segments the North America Airport Retailing Market and forecasts the market size, by value and volume.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 19.0% from 2015 to 2020.
Browse market data Tables and Figures and in-depth TOC on "North America Airport Retailing Market"
Increase in competition among airports to offer low landing charges and the need to reduce other administrative costs are factors that have forced airlines to enhance their business. This competition has become stiff as major airports are focused on delivering air services at lower costs for attracting a large number of air passengers.Air traffic growth makes higher aeronautical revenues with increase in aircraft movements. There is a strong urge to diversify the sources of income for airports and airline operators in order to lower air fares and provide air services at reasonable costs without hampering profitability.Therefore, the focus has shifted to increasing non-aeronautical revenues, which has resulted in propelling the growth of the airport retailing market.
Non-aeronautical business such as duty-free retail shops, restaurant bars cafeterias & catering services, throughput charges, and rentals, constitute non-aeronautical revenues. Airports consider retail business as a profitable growth opportunity, owing to which they have increased their spending on retailing to sustain profits.The concept of increasing revenue from retailing has been successful in breaking the traditional ways of income that was originally obtained from passenger and cargo traffic.
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 the North America airport retailing market, owing to increase in the number of flights that has further resulted in rise in footfalls at airports.
Key players in the North America Airport Retailing Market are -
- Dufry AG
- World Duty Free Group SpA (WDFG)
- Duty Free Americas, Inc. (DFA)
- Gebr. Heinemann SE & Co.
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.
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.
Mr. Chandrasekhar K.
UNIT no 802, Tower No. 7, SEZ
Magarpatta City, Hadapsar
Pune, Maharashtra 411013,