2013-01-29 14:38:15 - New Retailing research report from Verdict Research is now available from Fast Market Research
Global airport retailing seemed to be recovering in 2011 with both passenger numbers and spending per passenger increasing, but 2012 has proved patchier with Europe in particular slowing dramatically. Growth in Asia Pacific, however, continues at a breathtaking pace.
* Inform your international expansion strategies using forecasts to 2016 of regional sales, passenger volumes, and spend per passenger.
* Select the most suitable products for your retail operations by using our regional category sales data and our forecasts of product categories to 2016
* New! Category forecasts by region to 2016.
* Benchmark your company's performance by accessing profiles of ten key airport retailers including details of their global market share.
We estimate that overall airport retail sales will have
increased by 9.8% in 2012 to $32.6bn. Continuing strong growth in Asia Pacific, through rising numbers of passengers and increasing average spend per passenger, will see this region's share of the world total soar - to 46.9% in 2016 from 34.3% in 2011.
Full Report Details at
Despite continuing economic problems around the world, the outlook for airport retailing is a positive one. There will be growth in developed economies in passenger numbers and sales per head but at a slower pace than over the last decade or so. Emerging economies will continue their rapid growth taking them to around half the sector by 2016.
The larger airport operators have restructured their operations so they operate like major retail chains: central buying; integrated supply chains and common IT & systems. They are in a position to exploit economies of scale and acquisition is becoming more commonplace in the airport retail sector.
Reasons to Get this Report
* Which product categories are forecast to deliver the most robust growth in which regions?
* What product, marketing and channel innovations and strategies should my company consider in order stay on top of market developments?
* How did the largest airport retailers perform in 2012, where are their operations located, what are their main retail formats and plans for expansion?
* Where are passenger volumes increasing most rapidly, and how will this impact on regional passenger compositions arriving at retail destinations?
* Which regions have the highest appetite for beauty, fashion and accessories, electronics, food and confectionary, alcohol and tobacco?
Partial Table of Contents:
Asia Pacific continues to outshine other regions ...
... as spend per passenger surpasses Europe
Europe will be left behind
Low Cost Carriers (LCCs) continue to expand
Air travel will become more affordable
Airport development is required to service growing demand
Beauty is the largest category while fashion and accessories are growing quickest
Dufry is now the largest airport retail operator
Competition to trade in the busiest airports becomes more intense
Downtown duty free the main competitor to airport retailing ...
... could spread from China & South Korea to Africa, Latin America & southern Europe
Embracing digital technology
STRATEGIC ACTION POINTS
Premium & luxury brands should continue expanding in Asia Pacific and Middle East
North American airports need to develop their retail facilities
European airports should improve service to short haul travelers ...
... and specifically target long haul visitors
Retailers in Middle East should embrace wide price architecture
African and Latin American airports can highlight distinctive regional merchandise
Airport retailers need to enhance their online capabilities
Shoppers seek innovation like iGate
Frankfurt and Schipol lead on smartphone apps
Passengers can be incentivized to shop longer
Retailers and airports need to provide a greater range of convenience services
MARKET CONTEXT AND OUTLOOK
Global airport sales growth slows after a promising 2011
Asia Pacific overtakes Europe in 2012 to become largest airport retail market
Asia Pacific spend per passenger has passed the European level
Regional passenger spend is strongly influenced by short haul trips
Global airport retailing outlook 2012-16
Global airport retail sales to reach $49.7bn by 2016
Asia Pacific will continue to grow rapidly in significance
Europe's relative decline a consequence of weak economic performance
Growth in the Americas will be fuelled by airport expansion in Latin America
The Middle East & Africa will achieve solid growth in airport retail sales
Asia Pacific passenger numbers will overtake the Americas in 2016
Asia Pacific spend per passenger will overtake Middle East in 2016
Airport retailing sales by category
Luxury categories to be the fastest growing
Asia Pacific sales by category 2011-16f
Americas sales by category 2011-16f
Europe sales by category 2011-16f
Middle East & Africa sales by category 2011-16f
Global economic crisis remains a threat
Cost of air travel
There are only limited alternatives to air travel
Air travel is not risk free
Passenger spending - barriers
Restricted baggage allowances
Pre-flight time at the airport
Downtown duty free the main competitor to airport retailing
Passenger spending - drivers
Arrivals stores gain in popularity
Collect on arrival another convenient service
Offering a home delivery service could enhance customer service
Online duty free sites add a further layer of convenience
Channeled footfall of walk-through stores to catch the eye
Theming airport retail to the host country
Testing automated kiosks
Full Table of Contents is available at:
About Verdict Group
With over 20 years' experience, Verdict Research is the UK's leading authority on retailing, and publishes unrivalled independent analysis. Verdict reports, forecasts, briefings, consumer research and bespoke consulting services provide clients with a complete picture of the UK and international retail arena, helping retailers, manufacturers, service suppliers, city analysts and consultants to fully exploit opportunities within the sector. View more research from Verdict Research at www.fastmr.com/catalog/publishers.aspx?pubid=1005
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.
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