Duty Free Retailing in the Americas, 2015-2020 - New Market Study Published

The Americas duty free market will outpace pre-recession levels and grow faster during 2015-2020 at a CAGR of 5.1% to US$7.4 billion. Increase in number of international arrivals, expansion of duty free retail space, entry of established European duty free operators and upcoming major events will drive growth in the region. The US is the largest market for duty free sales in the Americas and will record highest value growth on the back of ongoing modernization of airports, duty free retail space and high influx of Chinese travelers. Health and beauty is the largest category, while luggage and leather goods is set grow fastest at 8.8%. Currency devaluation and political and economic instability will have short-term effect on Latin American markets; however, untapped tourism potential, growing arrival duty free, opening of new duty free outlets and sporting events in these countries will keep the long-term growth potential intact.

Key Findings

* The US duty free retail market accounts for 67.8% of the total regional market, and is forecast to grow at a CAGR of 5.0% during 2015-2020
* Weakness in Canadian Dollar will attract higher visits and spending from the US and Asian travelers, leading Canada to produce the highest CAGR of 7.6% in the region
* Health and beauty will achieve largest value growth of US$0.7 billion, driven by entry of new brands, expansion of existing brands and new concepts
* Currency devaluation and worries surrounding Zika virus affected Brazilian duty free but it remains attractive due to upcoming Rio Olympics and growing arrival duty free
* International duty free operators increasing their presence in the Americas via strategic partnerships and new channels, including onboard cruise and inflight duty free

Full Report Details at
- http://www.fastmr.com/prod/1184171_duty_free_retailing_americas.aspx?afid=301

Synopsis
The "Duty Free Retailing in the Americas, 2015-2020" report, published by Verdict Research, provides analysis of current and forecast market data for retail sales in different product categories sold through duty free channel across the Americas.

What else does this report offer?

* Current market sizes and forecasts to 2020 by country and category; Covers nine countries in the Americas - Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, US and Venezuela and 20 categories, including clothing, consumer electronics, drinks, footwear, homewares, jewelry, watches and accessories, luggage and leather goods, packaged food, health and beauty, photographic equipment, printed media, sports equipment, tobacco, toys and games, and others
* Market insights based on consumer trends and changing economic and demographic factors on a regional and country basis
* International arrivals by country and top 10 source countries for international arrivals in each country
* Retail sales and fastest-growing markets for duty free channel
* Category level retail sales and forecast growth rates for each country

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Duty Free Retailing in the Europe, 2015-2020; Market Dynamics, Retail Trends, and Competitive Landscape
- Global Electrical and Electronics Retailing, 2014-2019; Market Dynamics, Retail Trends, and Competitive Landscape
- Global Clothing and Footwear Retailing, 2014-2019; Market Dynamics, Retail Trends and Competitive Landscape
- Global Home and Garden Products Retailing, 2014-2019: Market Dynamics, Retail Trends and Competitive Landscape
- Global Books, News, and Stationery Retailing 2014- 2019: Market Dynamics, Retail Trends, and Competitive Landscape