Turismo
Europe Travel Retail Market to Reach $39.60 Bn by 2025 at 7.2% CAGR, Says Allied Market Research
The perfumes & cosmetics segment held the lion's share in 2017, contributing nearly one-third of the total market, owing to rise in travel & tourism due to increase in disposable income, change in lifestyle among consumers, and rapid urbanization. However, the luxury goods segment is expected to manifest the fastest CAGR of 9.5% during the forecast period, early adoption of premium lifestyle and huge growth potential in the developing market. The report also includes an in-depth analysis of the other segments such as food, confectionery & catering, electronics, wine & spirits, luxury goods, tobacco, and others.
The border, downtown & hotel shops segment is projected to register the fastest CAGR of 7.6% during the forecast period, owing to its price advantages due to variations in tax and currency fluctuation and availability of a wide range of products for customers. However, the airports segment held the largest share, accounting for nearly three-fifths of the total market, owing to large number of captive consumers. The report offers analysis of the other segments such as cruise liners and railway stations.
The market across the U.K. held the largest share in 2017, contributing more than one-fourth of the market, owing to its stronger base of luxury products and presence of some of the biggest apparels and cosmetics brands. However, the market across Germany is expected to portray the fastest CAGR of 10.8% during the forecast period. The report includes analysis of the market across other regions such as France , Italy , Spain , and rest of Europe .
Europe travel retail market report provides in-depth analysis of the major market players such as daa Plc., Autogrill S.p.A., Flemingo International Ltd., Dufry AG, Lagardère SCA, Gebr. Heinemann SE & Co. KG, RegStaer, LVMH Group, TRE³, and WH Smith PLC.
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