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Future of airline retailing

The global airline retailing market has been derived from market trends and revenue generation factors from five different regions across the globe namely; North America, Europe, Asia Pacific, Middle East, and Africa, and South America. Europe is expected to contribute largest market share by the year 2027. <br><br>

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Future of airline retailing

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  1. Airline Retailing Market 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)

  2. Airline Retailing Market Current and future Market Scenario  Airline retailing market in global is expected to grow from US$ 7.25 Bn in 2018 to US$ 27.66 Bn by the year 2027. This represents a CAGR of 16.4% from the year 2019 to 2027.  North America was the leading geographic market, and it is anticipated to be the highest revenue contributor throughout the forecast period. The North America airline retailing market size is expected to gradually increase in the coming years till 2027, owing to the increasing number of air travelers in the region.  The airline retail market is witnessing growth through the pre-boarding segment. This is due to the fact that the major airlines are offering an opportunity to the flyers to pre-book their merchandises, accessories, alcohol, and beauty products, among others during ticket booking.  The airline customers also have the flexibility to purchase the products any time before their flights depending on the airline’s terms & conditions. The key benefit of the pre-booking of products is that customers can choose the delivery of the product at the airport or on-board. This benefits the passengers by carrying a lesser quantity of the luggage, which further reduces the risk of incurring excess baggage fees.

  3. Airline Retailing Market Factors Contributing to Market Growth  The post-board retailing segment is experiencing turbulence in the current years, as several well- established full service carriers are ceasing their in-flight duty-free retail segment.  This is majorly due to the rising trend of airport shopping and online shopping. To counter the trend of shopping at the airports, various airlines are partnering with retailers, and are offering products at discounted prices. Despite this strategy, multiple airlines are still facing a decline in their on-board retail revenues.  The future of the airline retailing market is prominent attributing to the fact that, several airline companies are introducing advanced technologies to boost their retailing business.  The increasing trend of adoption of budding technologies such as artificial intelligence (AI) and analytics into retailing sector ensures the airlines to understand customer preferences.

  4. Key Findings  This enables the company to invest new and flexible product offerings, which is foreseen to drive the airline retailing market. Moreover, the increasing number of low cost carriers offering both pre-boarding and post-boarding duty-free shopping opportunities is anticipated to attract a significant percentage of air passengers, thus, catalyzing the growth of airline retailing market.  The global airline retailing market has been derived from market trends and revenue generation factors from five different regions across the globe namely; North America, Europe, Asia Pacific, Middle East, and Africa, and South America. Europe is expected to contribute largest market share by the year 2027.  The airline sector is a highly competitive market. The operational costs of airline are very high, and the demand is subject to significant seasonal fluctuations. With the increasing number of airline companies, businesses are looking for alternatives that could help airlines to gain an edge in the competitive market. In order to gain an edge in the market, the airline companies are highly focused on enhancing its services for high customer satisfaction.  Advanced technology and customer intelligence are enabling new opportunities for improving customer experiences. Implementation of customer intelligence is enabling new opportunities for airline retail. The airline has a captive audience and extensive customer knowledge, enabled by digital application, can be stimulated with smart and entertaining in-flight retail opportunities utilizing emotional momentum.

  5. Airline Retailing Market Market Segments Retail Type Carrier Type (Full Service Carrier and Low Cost Carrier) Shopping Type Accessories, Alcohol, Beauty Products, Merchandise (Pre-Boarding and Post- Boarding)

  6. Airline Retailing Market Dominating Segments  Retail Type Insights  The global airline retailing market by retail type was led by pre-boarding segment. Post-boarding segment held the second largest market in 2018 and is anticipated to increase its shares during the forecast period from 2019 – 2027.  Shopping Type Insights  The global airline retailing market by shopping type was led by merchandise segment. Alcohol segment held the second largest market in 2018 and is anticipated to increase its shares during the forecast period from 2019 – 2027.  Get sample PDF copy @ https://www.theinsightpartners.com/sample/TIPRE00006366/

  7. Dominating Segments  Carrier Type Insights  The global airline retailing market by carrier type was led by full service carrier segment. In the financially balanced economies of North America and the Europe region, the preference of full service carriers is much higher as compared to the low cost carriers. The key reason behind the preference is the attractive deals and services the full service airlines offer to their passengers. Strategic Insights The market players present in airline retailing market are mainly focusing on product enhancements by implementing advanced technologies. By signing partnership, contracts, joint ventures, funding, and inaugurating new offices across the world permit the company to maintain its brand name globally. Few of the recent developments are listed below; 2019: Lagardère Travel Retail AirAsia’s OurShop announced a strategic partnership which would enable the customers to pre-order and collect items from arrival and departure points.

  8. Dominating Segments 2019: Eraman announced a strategic partnership with AirAsia’s Ourshop.com. The partnership would allow the customers to collect pre-booked products from a dedicated pick-up point, at the Eraman duty free outlet in klia2 at Kuala Lumpur International Airport. 2019: British Airways and Tourvest Retail Services announced partnering with several British brands to celebrate the airline’s centenary this year. Various limited edition gifts, drinks, and food would be available for customers to buy. GLOBAL AIRLINE RETAILING MARKET – MARKET SEGMENTATION Global Airline Retailing Market by Retail Type Pre-Boarding Post-Boarding Global Airline Retailing Market by Shopping Type Accessories, Alcohol, Beauty Products, Merchandise Others

  9. Airline Retailing Market Leading Players Global Airline Retailing Market- Company Profiles  Air France/ KLM  AirAsia Group Berhad  British Airways Plc  Deutsche Lufthansa AG  Easy Jet PLC  Korean Air Lines Co., Ltd  Qantas Airways Limited  Singapore Airlines Limited  Thai Airways International Public Co., Ltd  The Emirates Group

  10. REGIONAL FRAMEWORK REGIONAL FRAMEWORK

  11. MARKET SEGMENTATION Exhibit: MARKET SEGMENTATION

  12. Airline Retailing Market

  13. Airline Retailing Market Access Full Research Report at: https://www.theinsightpartners.com/reports/airline-retailing-market Thank You! Thank You!

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