Toll Free: 1-888-928-9744

Duty Free Retailing in the Middle East and Africa, 2015-2020; Market Dynamics, Retail Trends, and Competitive Landscape

Published: Jun 30, 2016 | Pages: 78 | Publisher: Verdict Financial | Industry: Retail | Report Format: Electronic (PDF)

Summary
The Middle East and Africa duty free retail market recorded CAGR of 4.2% during 2010-2015. Over the next five years, growing tourism, expansion of duty free retail space, upcoming airport development projects and entry of international players will provide impetus to the market. The UAE is the largest duty free market in the region but suffered from decrease in Russian duty free spending due to devaluation of Ruble which affected their purchasing power. However, increasing tourist influx from Asian countries such as China and India will offset this decline to some extent. Considering the long-term growth potential in the region, duty free operators are entering the market, at the same time existing duty free operators are expanding their duty free presence. Digital duty free will gain popularity in the region with the launch of innovative multi-channel mobile applications and inflight duty free services.

Key Findings
-The Middle East and Africa will grow at a CAGR of 4.9% during 2015-2020 to reach US$5.1 billion by 2020

-The UAE is the largest and fastest-growing market in the region which is expected to grow at a CAGR of 7.1% 

-Health and beauty will be the fastest growing category in 2015-2020 growing at a CAGR of 7.0%

-Duty free retailers are leveraging technology to provide innovative digital shopping and promotional services

-Saudi Arabia duty free market is at nascent stage with attractive growth potential

Synopsis
The "Duty Free Retailing in the Middle East and Africa, 2015-2020" report, published by Verdict Research, provides analysis of current and forecast market data for retail sales in different product categories sold through duty free channel in the Middle East and Africa.

What else does this report offer?

-Current market sizes and forecasts to 2020 by country and category; covers five countries in the Middle East and Africa and 20 categories, including clothing, consumer electronics, drinks, footwear, homewares, jewelry, watches and accessories, luggage and leather goods, packaged food, health and beauty, photographic equipment, printed media, sports equipment, tobacco, toys and games, and others

-Market insights based on consumer trends and changing economic and demographic factors on a regional and country basis

-International arrivals by country and top 10 source countries for international arrivals in each country

-Retail sales and fastest-growing markets for duty free channel

-Category level retail sales and forecast growth rates for each country

-Competitive landscape covering market share of major duty free operators in the region and their five year duty free sales and trading update analysis, duty free location wise latest developments, recent key events, and outlook

Reasons to Buy
Get immediate access to:

-Get reliable duty free retail sales data on five countries in the Middle East and Africa for 2015 with forecasts for 2020, and identify the largest and fastest-growing markets to inform market expansion and to manage risk

-Explore an in-depth analysis of duty free retail sales data by country and categories to spot and target key categories in each country, and use to plan growth opportunities and develop strategies for each

-Learn from duty free retail trends and market drivers to customize your entry/expansion approach depending on the duty free retail landscape

-Make country level comparisons to effectively target new revenue streams and align marketing strategies with the crucial trends influencing duty free spending in the region

-Choose partners , understand the competition, with data and analysis of major duty free operators in the region, including market shares, trading performance, locations, latest developments, and the outlook for each
 Table of Contents
Highlights Duty Free Retailing in Middle East and Africa, 2015-2020 Executive Summary Middle East and Africa duty free retailing - The market Drivers and Inhibitors Duty free sales by country Duty free sales by category Country Summary Middle East and Africa duty free retailing - Trends Trends in the region Retail innovations in the region Middle East and Africa duty free retailing - Market drivers Inbound tourism Consumer trends Middle East and Africa duty free retailing - Major operators in the region Middle East and Africa duty free retailing - Category sales by country Appendix

To request a free sample copy of this report, please complete the form below.

This website is secure and your personal details are safe. Privacy policy

Global gold nanoparticles market size is expected to reach 4.99 billion by 2020, witnessing gains at a CAGR of 24.7%. Positive outlook towards the increasing applications of nanotechnology in medical and dentistry such as drug delivery systems, nanom

Read More...

Global agricultural films market size is anticipated to reach USD 10.5 billion by 2020, as per a new research report by Radiant Insights, Inc. Increasing need to raise agricultural productivity, in order to meet surplus demand by growing population i

Read More...

Global glycerol market size is likely to exceed USD 3 billion by 2022, as per a new research report by Radiant Insights, Inc. Regulatory push for promoting bio-diesel production is expected to boost glycerol demand over the forecast period, with expe

Read More...

Global coated fabrics market size forecast is estimated at USD 22.57 billion by 2020; as per a new research report by Radiant Insights, Inc. Increasing production of seat covers & airbags for automobile applications is likely to favor market growth.

Read More...

Global adhesives & sealants market size is expected to reach USD 43.19 billion by 2020, as per a new research report by Radiant Insights, Inc. Strong demand from packaging, construction and automotive industries is expected drive adhesives and sealan

Read More...
Choose License Type
Single User - US $4950
Multi User - US $9900
Why Choose Us

24/5 Research support

Get your queries resolved from an industry expert. Request for a free product review before report purchase.

Phone: 1-415-349-0054

Toll Free: 1-888-928-9744

Email: [email protected]

Custom research service

Speak to the report author to design an exclusive study to serve your research needs.

Quality assurance

A testimonial for service excellence represented in the form of BBB "A" Accreditation.

Information security

Your personal and confidential information is safe and secure.

verify