According to a new report by UnivDatos, The Airport Retail Market was valued at USD 36,550 million in 2024, growing at a CAGR of about 9.4% during the forecast period from 2025 - 2033. Airport retail has been experiencing continuous rapid growth because of the expanding number of people using flight services, a growing per capita income, and changes in consumer trends. The number of people who use airports for business, leisure, and tourism purposes continues to increase, thus offering growth for retailers. Passengers are likely to shop during the time between security screening and boarding and are generally visiting during the end of trips to purchase travel products, gifts, duty-free products, and premium products. Moreover, the trend of impulse buying and convenience shopping, as well as the necessity of acquiring exclusive products that cannot be purchased in the store located in another city, increases the demand for the airport retail market.

Access sample report (including graphs, charts, and figures): https://univdatos.com/reports/airport-retail-market/?popup=report-enquiry

Growing Global Air Passenger Traffic

The Increase in the global air traffic passenger flow is one of the key factors that affect the performance of airport retail shops and overall revenue in airports globally. For instance, Airports Council International (ACI) World and the International Civil Aviation Organization (ICAO) states that in 2024, global passenger traffic is expected to surpass pre-pandemic levels, reaching 9.5 billion passengers and by 2030, global passenger traffic is forecast to exceed 12 billion, driven by growth in international markets, particularly in the Asia-Pacific and Middle East regions. With growth in economic development, improved connectivity, the entrance of low-cost airline companies, and the integration of tourism, global and domestic travel is increasing, and thus, the airports are experiencing record traffic. Higher passenger numbers mean higher chances of sales, especially in duty-free shops and waiting areas, as people have time to look at products. Due to this, airports are no longer just mere transit centers but are becoming places where people spend a considerable amount of time and money. As a result, the airport retail market is expanding.

Click here to view the Report Description & TOC https://univdatos.com/reports/airport-retail-market/

According to the report, the North America region holds a significant market share in the Global Airport Retail Market

North America’s contribution to the global airport retail industry is substantial due to its large amount of airport traffic and modern, developed airports with well-developed retail concepts, and prosperous tourism. For instance, JFK, LAX, and the Atlanta airport have lots of luxury and duty-free shops to make sales to both local and international travellers. Another factor that has contributed to its dominance is the region’s well-developed airline industry, consumers’ willingness to spend more on products and services, and focus on the upgrade of the airport’s luxury retail facilities, digital platforms, and other passenger-oriented services. Also, the commitment of airport authorities and global companies working together with them guarantees tactical improvement and revenues, inscribing North America as a world leader.

Related Report:-

Duty-free Retailing Market: Current Analysis and Forecast (2022-2028)

AI In Retail Market: Current Analysis and Forecast (2022-2028)

Experiential Retail Market: Current Analysis and Forecast (2024-2032)

Interactive E-commerce Kiosks Market: Current Analysis and Forecast (2021-2027)

Retail Analytics Market: Current Analysis and Forecast (2020-2027)

Contact Us:

UnivDatos

Contact Number - +1 978 733 0253

Email - contact@univdatos.com 

Website - www.univdatos.com

Linkedin- https://www.linkedin.com/company/univ-datos-market-insight/mycompany/