Market Study Report newly added the Global Airline Retailing Market Report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, and forecast in the coming years.
The global airline retailing market is segmented based on retail type, shopping type, and carrier type. Based on the retail type, the airline retailing market is segmented into pre-boarding and post-boarding. Based on shopping type, the airline retailing market is bifurcated into the accessories, alcohol, beauty products, merchandise, and others. Based on carrier type, the market is bifurcated into full service carrier and low cost carrier. Geographically, the market is fragmented into five regions, including North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
The airline sector is witnessing the high number of travelers from the Asia-Pacific region. The rate almost twice that of visitors from the Americas and Europe over the past ten years. Vendors are highly focused on tapping the emerging airline retailing market in Asia-Pacific region. In China, Chinese traveler traffic is expected to increasingly come from outside the tier 1 cities i.e., Beijing, Shanghai, Guangzhou, and Shenzhen. The airline retailing market is expected to be driven by the tier 1 cities of China.
The global airline retailing market accounted for US$ 7.25 Bn in 2018 and is expected to grow at a CAGR of 16.4% over the forecast period 2019-2027, to account for US$ 27.66 Bn by 2027. The operational tempo of the global commercial aviation sector continues to soar in recent years. The steep growth of commercial aviation sector is majorly attributed to the tremendous rise in the number of air travelers, both leisure and business travelers. The airlines across the globe are investing an increasing number of aircraft year on year. Also, the airlines are monetizing towards the improvement of their added services. However, the constantly rising aviation fuel cost possess a significant threat towards any airline’s operation. With an objective to maintain the operational structure, the airlines, both full-service carriers as well as low cost carriers, have adopted the strategy to merchandise variety of products on-board as well as on-ground.
North America is one of the most jam-packed regions in terms of number of airlines as well as aircraft fleets. The region is focused both on full service carrier?s (FSCs) and low cost carrier?s (LCCs). The governments of the US and Canada are heavily supporting the growth of LCCs to increase the revenue of the overall aviation industry. The US is one of the most competitive aviation zones for LCCs. Some of the North American-based LCCs are WestJet, Flair Airlines, Interjet, Porters Airlines, Volaris Airline, Vivaaerobus Airline, and Air North among others. The increasing number of LCCs is catalyzing the adoption of various low-cost airlines services, which is driving the airline retailing market in North America.
The well-established market players operating in the airline retailing market are Air France/ KLM, AirAsia Group Berhad British Airways Plc, Deutsche Lufthansa AG, Easy Jet PLC, Korean Air Lines Co., Ltd, Qantas Airways Limited Singapore Airlines Limited, Thai Airways International Public Co., Ltd, and The Emirates Group.
North America leads the airline retailing market by region. North America region consists of highly developed countries, which are witnessing high growth in their airline sector. Airline customers prefer frictionless and seamless shopping experiences that give a huge opportunity for airline retailers. With the increasing focus on offering enhanced customer services, vendors are looking for new technologies and capabilities to offer seamless services to its customers. The North America airline retailing market is witnessing significant growth during the forecast period.
