A latest report published by FactMR takes into account the airport retailing consumer electronics market from a global as well as local viewpoint. The airport retailing consumer electronics market size is anticipated to reach US$ 250 Mn in 2029. Further, the airport retailing consumer electronics market is expected to grow at a CAGR of 6.3% over the forecast period 2018-2028. Â The airport retailing consumer electronics market is foreseen to expand at a significant pace with global revenues crossing US$ 1,700 Mn in 2017, according to a new study. Traditionally pervasive as transportation service facilities, airports are now witnessing an influx of retail outlets for consumer electronics products. The shift in customer perspective toward airports as a retail destination continues to influence the growth of the airport retailing consumer electronics market.
After reading the airport retailing consumer electronics market report, readers can:
- Understand the drivers, restraints, opportunities and trends affecting the growth of the global airport retailing consumer electronics market.
- Analyze key regions holding significant share of the total airport retailing consumer electronics market revenue.
- Study the growth outlook of the global airport retailing consumer electronics market scenario, including production, consumption, history and forecast.
- Learn consumption pattern and impact of each end use on the airport retailing consumer electronics market growth.
The airport retailing consumer electronics market valuation is likely to remain influenced by growing number of airports. Sales of consumer electronics in airports are projected to remain concentrated in the Southeast Asian (SEA) countries, making the region a lucrative market for airport retailing consumer electronics. India is poised to showcase higher market attractiveness in SEA during the forecast period on the back of steady economic development coupled with rising air tourism, according to the report.
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India’s lucrativeness in the airport retailing consumer electronics marketplace is attributed to rising number of air passengers. According to IATA (International Air Transport Association), the air passenger count in India is expected to reach 478 million by 2036. This is expected to present potential opportunities of growth for airport retailing consumer electronics in the coming years. In addition, sales of airport retailing consumer electronics on departure are likely to be on an upswing as compared to sales on arrival in the country. The report forecasts that the sales of airport retailing consumer electronics in India could exceed US$ 250 Mn by 2028.
Trend of hyper-personalization remains instrumental in driving growth of airport retailing consumer electronics market. With critical airline restrictions apropos to amount of goods to be carried in flight, a new personalised service in the airport retailing consumer electronics space has been witnessed. Airport retailing consumer electronics stores can use customer data from boarding passes, and deliver products to the customer’s destination. This trend is likely to influence growth in revenues of airport retailing consumer electronics in the coming years.
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The airport retailing consumer electronics market report answers important questions which include:
- What does the status of the airport retailing consumer electronics market look like after the forecast period?
- Which region has the highest contribution to the global airport retailing consumer electronics market and why?
- Which players remain at the top of the global airport retailing consumer electronics market?
- What opportunities are available for the airport retailing consumer electronics market players to expand their production footprint?
- Which segment has the maximum impact on the global airport retailing consumer electronics market?