Amid the COVID-19 crisis, the global market for Airport Retailing estimated at US$39.4 Billion in the year 2020, is projected to reach a revised size of US$60.6 Billion by 2026, growing at a CAGR of 7.2% over the analysis period. Airport Retailing 

Direct Retailer, one of the segments analyzed in the report, is projected to record a 7.2% CAGR and reach US$20.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Department Store segment is readjusted to a revised 7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $11.5 Billion in 2021, While China is Forecast to Reach $12.9 Billion by 2026

The Airport Retailing market in the U.S. is estimated at US$11.5 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$12.9 Billion by the year 2026 trailing a CAGR of 10.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 6.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.

Specialty Retailer Segment to Reach $16 Billion by 2026 Airport Retailing

In the global Specialty Retailer segment, USA, Canada, Japan, China and Europe will drive the 7.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$7.1 Billion in the year 2020 will reach a projected size of US$11.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.1 Billion by the year 2026, while Latin America will expand at a 9.3% CAGR through the analysis period.

Players covered include Autogrill S.p.A.; Bahrain Duty Free Shop; DFS Group Ltd.; Dubai Duty Free; Dufry AG; Duty Free Americas, Inc.; Gebr. Heinemann SE & Co. KG; Lagardere Travel Retail; Le Bridge Duty Free (Moldova); Przedsibiorstwo Handlu Zagranicznego Baltona S.A.; Regstaer and Others.