Understanding The Global Fashion Duty Free Retailing Market Outlook: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit According to the study, ‘GLOBAL FASHION DUTY FREE RETAILING, 2017-2022: MARKET & CATEGORY EXPENDITURE AND FORECASTS, TRENDS, AND COMPETITIVE LANDSCAPE’, major fashion brands that operate in this segment include Burberry, Calvin Klein, Ralph Lauren, Hugo Boss, Tommy Hilfiger. Owing to the huge investment that is involved in coming up with a duty free outlet, only companies that are very resourceful and possess great financial potential are able to venture in this segment of retailing. Global Fashion Duty Free retailing includes the sales of clothing, footwear, luggage and leather goods which are all duty free. Duty free basically implies the goods that are exempt from the payment of duty that is required to be paid on purchase of an article. The global fashion duty free retailing market has recently reached a huge amount in terms of volume as well as value and the industry is expected to grow at a modest rate in the coming future. This increase has been mainly due to certain key factors driving the growth of this industry. There are multiple key growth drivers for this industry and these include: Increasing airport traffic: Major airports all around the world are witnessing a growth in the average passenger traffic annually. Since, many showrooms offer duty free fashion products at airports, this industry is booming corresponding to it. Increasing brands: Studies suggest that the number of brands that offer duty free product has been constantly on the rise from the past 5 years. This is due to the fact that big organizations and companies have realized the demand potential from this segment. This has fuelled the growth of the duty free market of fashion products. Increasing retail space openings: The average number of retail space openings across countries has been growing throughout the last decade. Since, the number of retail space opening increase, so do the number of brands that open their outlets not just for selling their products but also for selling their duty free products. Increasing duty exemptions: The duty exemptions on products have seen an upward trend in the recent years. Increasing duty exemptions lowers the price of new products which automatically drives up the demand for these products. Region wise trend has been the rising demand from the Asia – Pacific region. The major reason for growing trend from this particular region is the rise in tourism industry in Asian region coupled with rise in airport traffic. This leads to the highest growing demand from the Asia – Pacific region. Although, the overall industry is led by European region in terms of value as well as volume, South Korea currently remains the biggest market duty free fashion products and is expected to remain the highest growing market for the coming 5 years as well. In the duty free fashion retailing segment personal care products such as razors, talcum, shampoo are one’s that have the highest demand and dominate the market segment. This trend shall witness no slowdown in the coming years and personal care products shall be the dominating product category. While the overall industry is showing trends of modest growth in the future, there still remain many threats. All the companies new and existing carefully need to analyse these problems before making any move. The competition landscape is very tight primarily due to the increased cost of investment associated with duty free service outlets. They either cost way too much or the rental price is way too high. All the companies that hope to enter this segment could profit immensely if they could surpass this problem related to physical infrastructure. To know more click on the link below: https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/global-fashion-duty-free/150623-95.html Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications sales@kenresearch.com +91-9015378249 Tags: Global Fashion Duty Free Retailing Market Analysis, Global Fashion Duty Free Retailing Market Applications, Global Fashion Duty Free Retailing Market Economics and Technology, Global Fashion Duty Free Retailing Market Forecast, Global Fashion Duty Free Retailing Market Leading Players, Global Fashion Duty Free Retailing Market Opportunities, Global Fashion Duty Free Retailing Market Research Report, Global Fashion Duty Free Retailing Market Revenue, Global Fashion Duty Free Retailing Market segmentation, Global Fashion Duty Free Retailing Market Size