What is Airport Retailing Consumer Electronics Market?
Airport retailing consumer electronics refers to a wide range of electronic products and accessories sold in airport specialty stores, supermarkets, and hypermarkets. Consumer electronics outlets in airports can be found in a variety of areas, including the presecurity area (landside), post-security area (airside), and aero cities. Rising passenger disposable income, along with increased worldwide flight traffic, results in dynamic consumer buying habits, offering up new growth opportunities for players in the airport retailing consumer electronics business. Furthermore, as several countries ramp up their tourism initiatives, airports are undergoing massive renovations with modifications geared primarily at increasing commercial prospects. The rise of the airport retailing consumer electronics market is expected to be fueled by growing opportunities, investment, and attention to airports as branding possibilities.
Highlights from Airport Retailing Consumer Electronics Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Schäfer Airport Retail (Germany), Dufry AG (Switzerland), Autogrill (Italy), Gebr. Heinemann (Germany), Duty Free America (United States), Dubai Duty Free (UAE), Airport Retail Group LLC (Australia), Japan Airport Terminal Co (Japan), Flemingo International (India) and World Duty Free Group (Spain) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that European Players will contribute to the maximum growth of Global Airport Retailing Consumer Electronics market throughout the forecasted period.
Schäfer Airport Retail (Germany), Dufry AG (Switzerland), Autogrill (Italy), Gebr. Heinemann (Germany), Duty Free America (United States), Dubai Duty Free (UAE), Airport Retail Group LLC (Australia), Japan Airport Terminal Co (Japan), Flemingo International (India) and World Duty Free Group (Spain) are some of the key players profiled in the study. Airport Retailing Consumer Electronics Market Segmentation:
Scope | Sub-Segments |
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Type | Electronic Devices, Accessories and Others |
Distribution Channel | Hypermarkets,Supermarkets,Specialty Retail Stores,Others |
On the basis of geography, the market of Airport Retailing Consumer Electronics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Retail Promotion at Airports
Market Growth Drivers:
Development of the travel & tourism industry, Rise in disposable income and Products Availability at Lower Prices
Challenges:
Presence of Downtown Retail Stores and Government Rigid Rules and Policies Regarding Duty Free Items
Restraints:
Stringent Baggage Rules
Opportunities:
Increasing Customer Experience at Airports, Rising Investment, and Increased Attention Towards Airports as Branding Opportunities and Duty-Free Imported Consumer Electronics are Creating Traction
Key Target Audience
Associations & Industrial Bodies, Suppliers & Distributors of Retail Goods, Aerospace Industry, Governmental bodies and Others
Market Leaders & Development Strategies
In October 2019, 12ReTech acquired Bluwire Group, tech retailer. under this agreement 12ReTech exchanged 500000 of their series as preferred shares for the acquired stake in Bluwire and this helped 12ReTech to operate high-volume at profitable retail locations un US, while using cutting edge retail technology. This acquisition helped 12ReTech to expand its presence in airport retailing consumer electronics market
October 2020- Schäfer Airport Retail has announced the opening of two new Move consumer electronics stores at two of the top ten German airports. Both stores have great visibility with Stuttgart’s T3 home to airlines including Lufthansa, Air France, SAS, British Airways, Aer Lingus and Air Baltic and the space at Nürnberg positioned for 100% of departing passengers to walk by.