The Infinium Global Research analyzes the Airline Retailing Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global airline retailing market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of airline retailing. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the airline retailing market during the period. The global airline retailing market is projected to grow at a CAGR of 14.0% over the forecast period of 2019-2025.
"We are Now Including the Impact Analysis of the COVID-19 on this Premium Report and the Forecast Period of this Report shall be Revised to 2020-2026."
The Section on the Impact of COVID-19 on this Market is Included in the Report for Free. To Know More Request Sample of this Report: https://www.infiniumglobalresearch.com/reports/sample-request/15157
Airline Retailing Transforming Amidst COVID-19
The devastating consequences of the COVID-19 pandemic virtually affected every sector and the airline industry felt the impact more dramatically than most. From passenger numbers to reduction in jobs in all areas of the industry faced the music. However, the impact is not superficial but deep-rooted and will change the traveling experience. The retail in the airport is expected to witness rapid descent. In the pre-COVID era airport, the retail industry was huge which was expected to exhibit magnificent growth in the forecast period. The airport retailing sector will embark on a new journey particularly in terms of personal health and safety post -COVID. Surveys suggest travelers’ attitudes toward airport retail changed dramatically. According to AlixPartners findings, travelers will travel less frequently and spend less in airport shops once restrictions are lifted and would be not comfortable in an environment that did not have health protection measures in place resulting in a significant reduction in consumer footfall.
Technology – Saving Grace
Digital solutions and alternatives to the ‘bricks and mortar’ retail experience likely to offer some solution. Augmented reality will attract and retain customers from going forward. Shifting consumer priorities presenting an opportunity for airport retailers thereby opening a channel for other retailers longer-term. Recently, airlines and others in the current sales and distribution system have developed three critical new concepts; New Distribution Capability, ONE Order streamlines, and dynamic offers. Several airlines have adopted systems and standards and showing a healthy percentage of their tickets through new retailing approaches and NDC channels. Despite some strong economic tailwinds modern retailing promising a new potential.
North America Holds the Largest Share in the Airline Retailing Market
North America holds the largest share in the airline retailing market owing to the highly developed countries that witnessing high growth in their airline sector. Further, the continuous support from the government to promote low-cost carriers is providing growth to the airline retailing market. It is one of the most jam-packed regions in terms of the number of airlines as well as aircraft fleets.
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