Airport Retailing Consumer Electronics Market is Likely to Attain the Value US$ 2.4 Bn by 2025 End


 Published Date : 03 Jan 20   |   Views: 161   |  Industry : Internet & Communication

QYR Consulting has introduced a detailed report titled, “Airport Retailing Consumer Electronics Market Report: Company Analysis, Future Overview Global Sales Trends by 2025,” that offers a critical analysis of the market. The global Airport Retailing Consumer Electronics market is anticipated to value worth US$ 2.4 Bn by 2025 from an earlier valuation of US$ 1.6 Bn in 2018. The global Airport Retailing Consumer Electronics market is estimated to exhibit a moderate CAGR of 5.7% from 2019 to 2025.

Segmental Analysis

Wearable Electronic Devices to Drive the Growth of the Electronic Segment

The global Airport Retailing Consumer Electronics market is categorized into three prominent segments by type, airport size, and sales channel. The type segment of the market is divided into accessories, electronic devices, and others. Increasing demand for wearable electronic devices such as wrist band, smartwatches, headphones, and others that offer hazel free activity during travel without restricting hands is gaining popularity as it offers convenience to travelers. This factor is likely to boost the growth of the electronic devices segment. The sales channel segment is classified as specialty retail, supermarkets/hypermarkets, and Others while the airport size segment is segregated into small, medium, and large segments.

Asia Pacific

Regional Analysis

Transportation, Trade, and Tourism to Foster the Growth of the Market in MEA and in the Asia Pacific Regions 

By 2040, the Middle-East and the Asia-Pacific are expected to hold a substantial share of the air passenger traffic worldwide. Developing economies are likely to offer growth opportunities in the future due to growing transportation, trade, and tourism. High demand for consumer electronics and customers increasingly preferring to buy accessories for consumer electronic devices is leading to the growth of the Airport Retailing Consumer Electronics market.

Key Players

Collaboration and Expansion – Key Competitive Strategy 

The leading companies operating in the Airport Retailing Consumer Electronics market are involved in collaborations, mergers, and acquisitions to expand their market presence. For instance, 

    • JBL and Royal Capi-Lux announced a collaboration to offer JBL’s Free truly in-ear headphones at airport retail stores
    • Dufry AG announced the acquisition of RegStaer Vnukovo to expand Dufry’s presence at Moscow airport

The report offers a profile of major companies operating in the market which include Lagardere Travel Retail, Crystal Media, Dufry AG, Royal Capi-Lux, Bahrain Duty Free Shop Complex, Regstaer Duty Free, InMotion, and Dufry AG.

Global CAGR During 2020-2026


Market Dynamics

Business Trips and Leisure Travel to Boost the Growth of Global Airport Retailing Consumer Electronics Market 

Consumer electronics such as laptops, smartphones, i-pads, speakers, headphones, and others are largely used by passengers. Business trips and leisure travel both require devices such as smartphones, cameras, laptops, and others. Passengers are increasingly buying consumer goods besides food and beverages at airports. The demand for accessories of these devices has seen a rise in recent years. This purchasing trend of air transport passengers is likely to create new avenues for the Airport Retailing Consumer Electronics market.

For further information, check :https://www.qyrconsulting.com/reports/airport-retailing-consumer-electronics-market

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