Duty-Free Retailing Growth Factors in Asia-Pacific : 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 study, ’Duty-Free Retailing In Asia-Pacific, 2017-2022: Market & Category Expenditure And Forecasts, Trends And Competitive Landscape’ some of the major trades that are currently working in the Asia are; Nuance, Colombian Emeralds, Uruguay, HudsonRegStaer. Duty free retails are tax-free and free from excise duties, on the provision that goods are only sold to travelers who will transferring them out of the nation. Duty-free retailing includes various products such as hard luxury goods, fashion apparel and accessories and electronics; cosmetics and perfumes; wines and spirits; tobacco; and confectionary and fine foods. It generates value adding economic activity and employment which contributes to over all GDP. Moreover, it plays an important role in the financing of airports and of shipping lines, and thereby of the aviation and maritime industries. This in turn supports the wider economy generating jobs and value added in all sectors and their supply chains and enhancing the economic potential. A number of duty-free operatives have established their presences in major Asian cities, including Japan, South Korea, Thailand, China and Singapore. Growing tourism, expansion of off-airport duty free locations, rising online duty free sales are key factors that will positively influence the regional duty free sales. South Korea is the largest duty free market, with high growth prospects, and the smaller markets are becoming lucrative revenue drivers – such as India, Japan, Thailand and Indonesia. Thailand is supported by tourism and the construction of larger airports and multiple downtown duty free formats. The duty free market in Japan is dependent on Chinese tourism, but with the depreciating yuan against the yen, spending power has reduced and caused duty free volume growth in Japan to ease. Moreover, the Chinese government is pushing efforts for consumers to spend their income within China, due to downtown and arrivals of the duty free formats. To cater the duty free retail, majority of the Asian countries are easing their visa policies, and developing their tourism. Duty free operators are also seeking development in new markets as competition in in house market strengthens with coming of new airport and downtown duty free locations. The large increase in international travelers has increased the growth of low cost airlines, and new air routes across the world. This is being exploited by the expansion of more duty free retail space offering greater opportunities for travelers to spend. Privatization of airport duty-free shops has seen increased focus on improving sales. In India “GMR runs the RGIA Hyderabad duty-free, and has a JV with Aer Rianta to run IGIA Delhi duty-free also. Airport Authority of India observed the success of private players in duty-free. In 2018 Asia pacific was the biggest duty free market and achieved duty free sales of US$28.2 billion in 2018 and is predict to grow at a CAGR of 8.7% to reach US$42.7 billion by 2022 attributed to new openings and renovation of duty free stores across the major global airports in the region, with downtown and even cruise ships. Some of the prominent brands actively targeting the APAC duty free market include Burberry, Michael Kors, Lacoste, Furla, Coach, Hugo Boss, Calvin Klein, and Superdry so contest for prime space will be severe for those only just entering the market. To know more, click on the link below:- https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/duty-free-retailing-asia-/150621-95.html Related Reports:- https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/uk-department-stores/154930-95.html https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/christmas-uk/154910-95.html Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Sales@kenresearch.com +91-9015378249 Tags: Asia Pacific Duty Free Retail Raport de cercetare de piață, Asia Pacific Duty Free Retailing Market Analysis, Asia Pacific Duty Free Retailing Market Competition, Asia Pacific Duty Free Retailing Market Competitive Analysis, Asia Pacific Duty Free Retailing Market Forecast, Asia Pacific Duty Free Retailing Market Future Outlook, Asia Pacific Duty Free Retailing Market Growth Analysis, Asia Pacific Duty Free Retailing Market Opportunities, Asia Pacific Duty Free Retailing Market Overview, Asia Pacific Duty Free Retailing Market Research Report, Asia Pacific Duty Free Retailing Market Revenue, Asia Pacific Duty Free Retailing Market Segmentation, Asia Pacific Duty Free Retailing Market Shares, Asia Pacific Duty Free Retailing Market Size, Asia Pacific Duty Free Retailing Market Statistics, Asia Pacific Duty Free Retailing Market Trends, Asia Pacific Duty Free Retailing Market Value, Az ázsiai csendes-óceáni vámmentes kiskereskedelmi piackutatási jelentés, Relatório de Pesquisa de Mercado de Varejo Isento de Impostos na Ásia-Pacífico, آسيا والمحيط الهادئ سوق البيع بالتجزئة تقرير أبحاث السوق, 亚太免税零售市场研究报告