Report ID: UCMIG20S2001
Report ID:
UCMIG20S2001 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Growth in the tourism sector, increased investment in airport expansion and renovation, and increased spending on international holidays are the key factors contributing to the growth of the airport retail market. The growth of international retailers and an increase in the number of terminals are other factors expected to drive global retail demand at airports. Retail demand at airports is driven by an increase in passenger numbers, particularly in developing countries where traffic levels are high. The airport retail market has also received a major boost from travelers' appetites for on-the-go shopping and the growing potential for retailers to sell products. Times of operational and security concerns have positively impacted retail demand at airports around the world.This is also due to rising disposable incomes and changing lifestyles of people around the world.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Airlines by segment aggregation, the contribution of the Airlines in Transportation and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG20S2001