Growing Landscape Of The Duty Free Retailing In Europe 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 report analysis, ‘Duty Free Retailing In Europe, 2017-2022: Market & Category Expenditure And Forecasts, Trends, And Competive Landscape’ suggests that Europe is the second largest duty free market, supported by its rich heritage and its position as a large tourist region. Moreover, its emergence as the most preferred tourist region for Chinese travelers and UK’s exit from the EU drives the duty free sales further in the region. The decline in duty free sales in Europe during 2012-2017 is largely due to the terrorist attacks in the region, which deterred tourists from visiting the region. The higher growth rate in the European duty free market during 2017-2022 will attributed to the reviving of tourists visit, growing Chinese spending in the region, growing UK duty free sales on the back of rising traffic post Brexit, and opening of new duty free space in the region. Duty free retail is a unique selling channel in which exemption is allowed on the national taxes and duties on the products which are sold to travelers. Most importantly the duty free retail shops are opened to cater more and more international tourists and travelers and it is provide an alternative solution to meet passenger’s demand. Whereas, the duty free retail outlets are most found on the sea ports, in the international zone of international airports and train stations therefore, duty free retail outlets are not opened or available on the roads. The goods which are to be sold on the duty free retail outlets vary by jurisdiction, the process of calculating the duty or refunding the duty component and how they can be sold or which are to be sold. In addition, as the demand for tourism is increasing significantly it will drive landscape of the duty free retail even more. The products which are available on the duty free retail outlets are the clothing, footwear, jewelry, watches and accessories, luggage and leather goods and others. However, the personal care is the largest and fastest-growing market in the duty free sales in Europe. Moreover, some EU territories charge tax on tobaccos and liquors is lower than in other EU countries due to which the prices still seem competitive and look like duty-free prices. Moreover, the duty-free retail market is segmented on the basis of product, location and geography. With the establishment of new airport terminals and vibrant retail spaces as retail contributes substantial share in the non-aeronautical income, thus duty free retail shops play vital role in modern airport terminals. But there is one barrier in the growth of this market that is a communication gap between the seller and buyer. Additionally, the travelers who are wealthier in nature and having a little knowledge about the language of the host country will always drive the growth of this market. Not only has this, smart airport initiatives across the globe are also expected to aid the growth of duty-free retailing in the coming years over the next decades with the significant increase in the tourism and development in the economic conditions. To know more, click on the link below: https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/duty-free-retailing-europe/150620-95.html Related Reports:- https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/duty-free-retailing-asia-pacific/40176-95.html https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/duty-free-retailing-middle-east-africa/40177-95.html Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications sales@kenresearch.com +91-9015378249 Tags: Duty Free Retailing In Europe Market Analysis, Duty Free Retailing In Europe Market Applications, Duty Free Retailing In Europe Market Competitive Analysis, Duty Free Retailing In Europe Market Forecast, Duty Free Retailing In Europe Market Imports and Exports, Duty Free Retailing In Europe Market Leading Players, Duty Free Retailing In Europe Market Opportunities, Duty Free Retailing In Europe Market Research Report, Duty Free Retailing In Europe Market Segmentation, Duty Free Retailing In Europe Market Size