December 09, 2019
According to the research report titled ‘Airline Retailing Market to 2027 - Global Analysis and Forecasts by Retail Type (Pre-Boarding and Post-Boarding); Shopping Type (Accessories, Alcohol, Beauty Products, Merchandise, and Others); Carrier Type (Full Service Carrier and Low Cost Carrier)’ available with Market Study Report LLC, the global airliner retailing market is estimated to grow with a CAGR of 16.4% during the period of 2019-2027.
Escalating investments in the airline industry, in consort with growing aviation sector are major factors driving the growth of airline retailing market. Rising commercial air travel is also aiding the market expansion. Development of innovative solutions by major airline companies to provide enhanced services to consumers is augmenting the demand for airline retail services across the globe.
According to the report, the global airline retailing market was worth US $7.25 billion in 2018 and is expected to reach US $27.66 billion by the year 2027. However, the inflating prices of aviation fuel may hinder the market growth to some extent.
Based on retail type, airline retailing market is categorized into post-boarding and pre-boarding. As per shopping type, the market is classified into alcohol, accessories, merchandise, beauty products, and others. In terms of carrier type, the market is bifurcated into low cost carrier (LCC) and full service carrier (FSC).
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Considering the geographical landscape, the global airline retailing market is fragmented into regions namely, Europe, North America, South America, Middle East & Africa, and Asia-Pacific. The report cites that North America airline retailing market held the largest share in 2018, owing to booming airline industry, coupled with pleasing and seamless shopping experience offered by airlines to travelers. Moreover, favorable federal reforms to promote LCC services will further boost the regional growth. However, Asia-Pacific airline retailing market is expected to grow substantially over the analysis period, due to a large consumer base and rising number of air travelers in the region.
The prominent companies operating in the airline retailing market are Deutsche Lufthansa AG, British Airways Plc, Air France-KLM, AirAsia Group Berhad, Easy Jet Plc, Korean Airlines Co., Ltd., Singapore Airlines Ltd., Qantas Airways Ltd., The Emirates Group, and Thai Airways International Public Co. Ltd.
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