Aviation Retail Services Market was valued at USD 25.3 Billion in 2022 and is projected to reach USD 40.1 Billion by 2030, growing at a CAGR of 6.1% from 2024 to 2030.
The aviation retail services market was valued at approximately USD 18.5 billion in 2022, reflecting a steady growth trajectory. With a compound annual growth rate (CAGR) of 5.2% expected from 2022 to 2030, the market is projected to reach around USD 27.2 billion by the end of the forecast period. This growth is driven by increasing passenger traffic, expanding global air travel networks, and a rising demand for in-flight retail options. The market encompasses various segments, including duty-free shops, onboard sales, and airport retail, all of which contribute to its robust expansion.
Emerging opportunities within the aviation retail services market are primarily fueled by the expansion of airports in developing regions, advancements in digital retail technologies, and evolving consumer preferences. Notably, the rise in long-haul flights and the growing trend towards luxury and convenience in air travel are expected to enhance revenue streams for retail services in aviation. Additionally, the integration of innovative shopping experiences, such as personalized retail solutions and advanced payment systems, is poised to further drive market growth and open new avenues for revenue generation.
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Air France–KLM
Deutschen Lufthansa
AirAsia
British Airways
easyJet
Korean Air
Qantas
Singapore Airlines
Thai Airways
The Emirates Group
Qantas Airways Limited
OpenJaw
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Aviation Retail Services Market
Departure Lounge
Airplane
Based on Types the Market is categorized into Below types that held the largest Aviation Retail Services market share In 2023.
Food
Souvenir
Beauty Makeup Products
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Aviation Retail Services Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Aviation Retail Services Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Aviation Retail Services Market, By Type
6. Global Aviation Retail Services Market, By Application
7. Global Aviation Retail Services Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Aviation Retail Services Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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