The global airport retailing consumer electronics market is estimated at USD 1,880 Million in 2022 and is forecast to surpass USD 3,780 Million by 2032 end, growing at a CAGR of 7.2% during 2022-2032.
Airport retailing being an easily accessible option for travellers provides enhanced convenience to them. With increasing number of variety of merchandises along with the rise in number of low-cost airlines options escalates its market valuation by 2.1X during forecast period of 2022-2032.
How is the projected maximum revenue from the airport retailing electronics market in aero cities for the next ten years?
Airport retailing has become an increasingly lucrative market in recent years, with electronics being one of the most popular categories among travelers. Aero cities, which are cities with significant air traffic and commercial activity, are expected to see a significant increase in revenue from airport retailing electronics over the next decade. According to industry experts, the projected maximum revenue from this market is expected to reach several billion dollars.
One of the key drivers behind the growth of airport retailing electronics in aero cities is the increasing demand for technology products among travelers. With more people relying on electronic devices for work and entertainment while on the go, airports have become a prime location for retailers to sell their products. Additionally, the rise of e-commerce has made it easier for travelers to research and purchase electronics before their trip, leading to a more informed and engaged customer base.
Another factor driving the growth of airport retailing electronics in aero cities is the increasing number of international travelers. As more people travel for business and leisure, airports have become a hub for cultural exchange and commerce. This has led to a greater demand for electronics that cater to the needs and preferences of different cultures and regions.
The projected maximum revenue from the airport retailing electronics market in aero cities over the next ten years will depend on a variety of factors, including economic conditions, industry trends, and consumer behavior. However, with the continued growth of air travel and the increasing demand for technology products among travelers, it is likely that this market will continue to thrive in the coming years. As a result, retailers and marketers in the industry will need to stay up-to-date on the latest trends and strategies to capitalize on this growing market opportunity.
Key Companies Profiled
- Durfy AG
- Crystal Media
- Royal Capi-Lux (‘Capi’)
- Dubai Duty Free
- Lagardere Travel Retail
- Bahrain Duty Free Shop Complex
- Regstaer Duty Free