#Luxury Watch Market 2030
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Luxury Watch Market Outlook On The Basis Of Product, Distribution Channel, Region And Forecast From 2022 to 2030: Grand View Research Inc.
San Francisco, 24 Jan 2023: The Report Luxury Watch Market Size, Share & Trends Analysis Report By Product (Mechanical, Electronic), By Distribution Channel (Offline, Online), By Region (Asia Pacific, Europe, North America), And Segment Forecasts, 2022 – 2030
The global luxury watch market size is expected to reach USD 62.25 billion by 2030, according to a new report by Grand View Research,…
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#Luxury Watch Industry#Luxury Watch Market#Luxury Watch Market 2022#Luxury Watch Market 2030#Luxury Watch Market Revenue#Luxury Watch Market Share#Luxury Watch Market Size
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The Compelling Case for Switching to Smart Homes in the Future
In an age of rapid technological advancement, the concept of a smart house is no longer a distant dream, but rather a present reality. The transition to smart homes represents a big step forward in how we interact with our living areas, providing unprecedented ease, security, and efficiency.
According to a new report by Grand View Research, Inc., the worldwide smart home automation market is predicted to develop at a 27.3% annual pace between 2023 and 2030, with AI playing a critical role in future industry growth.
In this blog, we'll look at why moving to a smart home isn't just a luxury, but a must-have for modern life.
Seamless Connectivity: The Power of Integration with Home Automation
Large-scale home automation will increasingly be characterized by a network of networked gadgets, each serving a particular purpose in creating intelligent, futuristic, and sustainable ecosystems. Our thermostats can learn our preferences when it comes to temperature and security systems can integrate seamlessly with smartphones.
Smart home technology is typically powered by a single hub or controller that acts as a nerve center, allowing many gadgets to work together. Whether it's a voice-activated assistant acting as the hub or a comprehensive ecosystem that connects lights, appliances, security, and entertainment systems, these centralized platforms serve as catalysts for a seamlessly integrated smart home experience.
Artificial intelligence (AI) is already playing an important role in ensuring seamless integration of smart home devices. The AI algorithms in smart home devices are tuned to quickly learn user patterns, foresee needs, and optimize settings based on individual preferences. As AI technology advances, it is poised to fundamentally transform the smart home. The future home automation environment will be dominated by an unrivaled combination of cutting-edge electrical innovation and adaptive artificial intelligence.
How might home automation help you with daily tasks?
Busy schedules and hectic lifestyles have left us with very little time. After a long day at work, we typically prefer to relax on the sofa rather than perform monotonous duties such as setting the thermostat on a cold day or looking for the AC remote on a hot summer evening.
If this sounds familiar, you require a smart home automation solution that will help you simplify your everyday life, boost home security, and save time by not having to worry about minor activities.
The concept of a smart system extends beyond simply asking Siri or Alexa for updates or weather forecasts. With technology permeating many aspects of life, you can now use smart gadgets to clean floors or turn down the lights in the kitchen while watching a movie in the living room.
In reality, home automation is a notion based on the idea of smart homes. It provides you with total access to simply control the electronic devices in your home from any smartphone or mobile device in the world.
The term "home automation" is frequently associated with isolated programmable devices such as sprinkler systems, smart plugs, and thermostats. Moreover, it refers to homes in which all devices, including appliances, lights, heating and cooling systems, and so on, are linked to give you complete control over setting preferences and managing them remotely.
5 Ways Home Automation System Can Help With Daily Tasks
1. Managing Home Security
Home automation security systems are intended to make your life safer. When you are away from your house for a lengthy time, the system allows you to program the lights to turn on at night to give the impression that you are at home, discouraging burglars from breaking in.
Alternatively, you can set up the system to watch your home and notify neighbors if there is an obvious threat. Your security system also has auto alarms, which will notify you promptly if there is a problem at home.
2. Everyday tasks
A smart house can not only alleviate the stress of receiving deliveries, but it can also help you save money on electricity. Going on a long family vacation and forgetting to turn off the refrigerator or the fan is a common occurrence. However, it comes at a hefty cost in terms of utility bills.
With a high-quality smart home security system, you can receive notifications if any switches in your home are accidentally turned on. You can not only save money on your electricity bill but also eliminate a lot of stress.
3. The Tension of Theft While You Are Away
With a powerful home automation system, you can easily schedule daily tasks such as opening and closing doors, windows, and exits/entrances to your home, watering the garden, tuning in to your favorite channel, managing smart refrigerators, dishwashers, and ovens, setting the room temperature to a comfortable level, and turning on the geyser in the morning, among many other things.
The basic idea behind such an automation system is not only to automate normal operations but also to give you convenient control over them even when you are not physically there in the house.
4. Water and Energy Meters
The smart home sector has seen a considerable increase in the number of innovative systems built and operated through home automation. Energy and water meters are great instances of this.
Because water, unlike electricity, has no alternate source, water scarcity is one of the most serious and immediate risks to both present and future generations. Water and energy meters are designed to conveniently and automatically monitor water consumption and detect leaks. They also let you shut off the water supply from anywhere in the world, reducing waste and property damage.
5. Entertainment things
You may now experience the luxury of fantastic entertainment with home automation systems that give you complete control over all of your entertainment devices, including speakers, smart TVs, and Film Pro.
Grab the Future of Luxury Living with Smart Home Automation Systems
Smart homes are the future. With big home automation, we will herald a new era of luxury, pleasant, cost-effective, and ecological living. As technological innovations progress, from smart thermostats to remote home security systems, voice-activated assistants, and smart water sensors, they inform both home automation and the electrical industry, making the possibilities of smart home technology nearly limitless. The combination of home automation technology and the electrical industry is here to make our lives easier and the environment greener.
Conclusion
Switching to the best home automation provider in Coimbatore is more than just accepting new technology; it is about improving your living experience. It's about making your house more. Aside from being environmentally friendly and sustainable, home automation solutions provide numerous benefits to users, making them a must-have for all climate-conscious, energy-efficient, and new-age homes.
Without question, home automation can dramatically improve our quality of life while also making our houses safer. The broader usage of technology, which leads to economies of scale, would further lessen this barrier. Smart Fusion has created economical packages for franchise users to take their smart home experience to the next level.
Click here to contact Smart Fusion and learn more about our unique options for your smart home franchise opportunity for your business.
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Bean Bag Loungers Market: Top Impacting Factors, Global Opportunity Analysis by 2030.
The global bean bag loungers market is experiencing a significant growth, and will grow considerably in next few years. Bean bag lounger is considered to be a large, frameless and soft chair used as a cushion or support made up of cloth like plastic fabric filled with soft plastic chips that easily moulds according to the occupant’s motion. Bean bags are light weight chairs that are portable and easy to clean. These bags can be termed as a multifunctional asset that can be used as a chair, table, floor cushion, foot table and many more. Bean bags are used in both indoor and outdoor segments for relaxing purpose.
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COVID-19 Scenario Analysis:
Corona virus has spread all over the world and most countries are adopting lockdown measures to control spread of the virus and securing public health. The impact of corona can be seen in everything starting from dining tables to economy. All business and production activities are fully shut down except the necessary ones such as food and medical sectors, leading toward economic crisis in various countries. Manufacturing and production functions are stopped, which has slowed down business and inactive trade and transportation has fully disrupted supply chain, owing to which companies can face big losses in the future.
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Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Growth in the construction industry leads to increase in number of residential and commercial buildings anticipating for growth in demand for bean bags in the market. Residential sector is dominating in the use of bean bags as consumers find it more luxurious with numerous applications inside their houses. Consumers demand for products that can be used for various purposes and eliminate other product to save space in their houses that raised popularity of products. It is mainly used for gaming, watching TV, relaxing, eating, studying, and lazing in developed countries, making its way to developing countries.
The global bean bag lounger market trends are as follows:
New products that contain improved capabilities have been launched by leading market players. They have taken necessary steps to improve accuracy of devices and overall functionality as well. Now companies have launched a Moon-Pod bean bag that is specifically engineered to support any body shape. It is filled with high density beads that keep body relaxed and elevated by giving the sensation of floating on a cloud. It is a space saving asset of a house that gives best comfort to body by relieving back and neck pain and reducing anxiety levels.
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Key Benefits of the Report:
This study presents analytical depiction of the global bean bag loungers industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global bean bag lounger market share.
The current market is quantitatively analyzed to highlight the global bean bag lounger market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global bean bag loungers market analysis based on competitive intensity and how the competition will take shape in coming years.
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Maria Bui's rent in downtown Toronto increased by $70 over the decade she lived there. Bui lived at 140 Harrison St. in the Trinity Bellwoods neighbourhood for 12 years. Then, in 2020, her long-term tenancy – the four unit house - would be converted into an opulent single-family home and listed for $3.85 million.
Bui’s monthly rent peaked at $870, nearly $2,000 less than the current Toronto average. The transformation of the house from a multi-unit with below-market rent to a luxury single-family home is not unusual in Toronto. Instead, housing and legal experts say what happened at 140 Harrison is emblematic of why the city is still in the grip of a housing crisis.
Three tenants and an elderly landlord shared a house at 140 Harrison, a few blocks northwest of Trinity Bellwoods Park, for a decade. In early 2021, the landlord placed the house on the market. It sold in two days for $1.75 million. The new owners then gave the house a facelift, nearly doubling its value, and relisted it. At first, they listed the property for $3.85 million but recently lowered it to $3.8 million. It still sits unsold.
In November 2022, Toronto Life published a House of the Week article about 140 Harrison, which stated: “The owners intended to renovate and move into the home. However, they’ve since changed their minds and are looking for a buyer with a taste for luxury.”
The current rejected interview requests from CTV News Toronto and responded through legal representation. “The Clients do not wish to make any statements or comments about the subject property,” lawyer Anna Vinberg said in an email.
What was once a home basking in old school charm dating back to the 1800s, inhabited by tenured tenants, is now fully renovated for a “modern family,” built to “suit demanding taste and lifestyle,” according to its listing.
KT, whom CTV News Toronto has granted anonymity, has lived in the apartment for 12 years. From the start, she said she had secured affordable rent, just like Bui.
From her one-bedroom unit in the attic she could see the CN Tower. The window with a view is still there, but now her bedroom is a giant bathroom equipped with a soaker tub and heated floors.
After packing up her art studio in the kitchen and plants beneath her skylight window, KT said she was unhoused for months before finding a new affordable unit.
It took ten months for the basement tenant at 140 Harrison to find a new place to live. When she did, her rent almost doubled, consuming her entire Ontario Disability Support Program (ODSP) monthly allowance. “I was rejected as a tenant ten times in that period. It was my first time applying for apartments as an ODSP recipient,” she said.
CTV News Toronto has also agreed to protect her identity. At Harrison, her rent started at $700 in 2014. It never rose higher than $740 a month. After months of searching for a more suitable place to live, her life began to unravel.
Shortly after she left, the entire house was gutted and flipped, according to Samuel Mason, a Parkdale Community Legal Services attorney who was the basement tenant.
While the evictions and renovations were at the hands of the landlord, Haider said it was not their responsibility to “fix” the housing crisis and provide affordable rental stock – the job of the city and the province.
CTV News Toronto asked the City of Toronto if they would consider implementing a policy preventing the conversion of multi-unit homes into single-family houses. Despite repeated requests over the past couple of weeks, they did not respond.
In December, Ontario Premier Doug Ford granted Toronto Mayor John Tory “strong mayor” powers to fast track housing development. While the city plans to build 40,000 affordable rental homes by 2030, Haider says it’s not enough. The municipality already needs tens of thousands of newly constructed affordable units.
After leaving 140 Harrison, Bui moved into her partner’s place across the street. She watched from her window as her red brick home of 12 years was gutted and painted beige.
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Jewelry Organizer Market 2022 by Manufacturers, Regions, Type and Application, Forecast to 2030
Jewelry Organizer Market size stood at USD 171.04 Million in 2020 and is projected to reach USD 990.51 million by the end of 2030 exhibiting a CAGR of 19.2% over the forecast period of 2021 to 2030.
The Jewelry organiser is a box, compact packet or a structure which is used to keep Jewelry safe and easily accessible. It is useful for storing bracelets, rings and various other products in one place. It is very popular since it helps increase the shelf life and shine of expensive Jewelry from debris, dust, and other harmful factors.
Shopkeepers prefer to have a Jewelry organiser since it aids in increasing anti-theft protection for costly Jewelry items.
Global Jewelry Organizer Market: Market Dynamics
Anti-Theft Properties of Jewelry Organisers to Aid in the Market Growth:
A Jewelry organiser helps in organising the Jewelry items in a neat and tidy way. It is very useful for common people to keep the Jewelry needed, tide and clean. It also helps increase the shelf life and shine of the expensive Jewelry from debris, dust and other harmful factors.
Shopkeepers prefer to have the Jewelry organiser in their shop since it offers anti-theft protection to the costly Jewelry items. Due to demand from the market, the key market players are offering advanced security options in Jewelry organisers, such as digital code locks and manual code locks. These factors are expected to accelerate the global Jewelry organiser market growth over the forecasting period.
Rising Demand for Luxury Jewelry and e-commerce Penetration to Fuel the Market Growth:
The Jewelry organiser is available in various shapes, sizes, and patterns. Among all the designs, the flat Jewelry organisers are highly favoured in the stores, as it takes less space and easily fit in the crowded closets.
Continued progression in fashion and media influence has affected people’s choices about Jewelry . The demand for luxury Jewelry is on the rise, resulting. The Jewelry organiser market is projected to witness exponential growth over the forecast period.
During the COVID-19 pandemic, many countries were under forced lockdown to avoid contamination. During Lockdown time, people’s choices about shopping drastically altered. People started to give more preference to online shopping, which increased e-commerce penetration in the market.
Alteration in people’s shopping habits and penetration of e-commerce industries aid the Jewelry organiser’s market growth.
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Global Jewelry Organizer Market: Segmentations
Top Key Players:-
· Ellis James Designs
· Jackcube, Inc
· Umbra Ltd.
· SONGMICS
· Love-KANKEI
· Parshwa Padmavati Industries
· Glenor Co
· HIPC VIETNAM
· Gunther Mele Limited
· Westpack A/S
· Finer Packaging Ltd
· Jep Pads
· JPB Jewellery Box Company
· Kling GmbH, Nile Corp
· Stockpak
· The Jewelry Tray & Pad Co
· The Jewelry Tray Factory
By Material
• Metal
• Glass
• Leather
• Paper
• Wood
The glass segment is anticipated to witness significant progression over the projected timeline as glass is generally regarded as a fully sustainable element and hence can act as an ideal material for eco-friendly jewelry organizers.
By Product Type
• Hanging Jewelry Organizers
• Jewelry Armories
• Watch Boxes & Cases
• Jewelry Boxes
• Necklace
• Ring
• Bracelet
• Watch
• Others
By Distribution Channel
• Supermarkets & Hypermarkets
• Retail Stores
• Club Stores
• E-Commerce
• Others
The e-commerce segment is poised to capture a high market share over 2022-2030 attributing to rising adoption of smart devices and increasing internet penetration worldwide.
By End Users
• Business to Business
• Business to Consumer
The business to consumer segment is projected to register notable gains over the estimated timeline due to rising customer inclination towards antique ornaments.
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Table of Contents
1. Global Jewelry Organizer Market Introduction and Market Overview
2. Global Jewelry Organizer Market - Executive Summary
3. Jewelry Organizer Market Trends, Outlook, and Factors Analysis
4. Global Jewelry Organizer Market: Estimates & Historic Trend Analysis (2018 to 2021)
5. Global Jewelry Organizer Market Estimates & Forecast Trend Analysis, by Deployment
6. Global Jewelry Organizer Market Estimates & Forecast Trend Analysis, by Component
7. Global Jewelry Organizer Market Estimates & Forecast Trend Analysis, by Content Type
8. Global Jewelry Organizer Market Estimates & Forecast Trend Analysis, by End Use
9. Global Jewelry Organizer Market Analysis and Forecast, by Region
10. North America Jewelry Organizer Market: Estimates & Forecast Trend Analysis
11. Europe Jewelry Organizer Market: Estimates & Forecast Trend Analysis
12. Asia Pacific Jewelry Organizer Market: Estimates & Forecast Trend Analysis
13. Middle East & Africa Jewelry Organizer Market: Estimates & Forecast Trend Analysis
14. Latin America Jewelry Organizer Market: Estimates & Forecast Trend Analysis
15. Competitive Landscape
16. Company Profiles
17. Assumptions and Research Methodology
18. Conclusions and Recommendations
Frequently Asked Questions
1. What will be the growth prospects of the jewellery box market?
2. Which type of material is expected to lead the jewellery box market during the forecast period?
3. Which application segment accounted for the largest jewellery box market share?
4. What will be the incremental opportunity for the jewellery box market in 2032?
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Ornamental Fish Market Demand Propelled By Psychological Advantages & Home Décor Functions
The global ornamental fish market size is anticipated to reach USD 11.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.5% from 2022 to 2030. Consumers have been observed to be more inclined toward purchasing ornamental fish due to their attractive features and colors. This trend has been driving the demand for aesthetically appealing species with unique characteristics. Ornamental fish can have a calming effect on the surroundings and as a result, these tiny creatures have become an important feature in home decor. The attachment theory applies to human-animal relationships as well, with findings suggesting that both humans and animals can serve as attachment figures and provide feelings of comfort and safety during times of uncertainty or stress.
Moreover, some of the health benefits of keeping fish are stress relief, anxiety relief, calmness, controlled heart rates, and mood enhancement. In fact, aquariums also help ease symptoms in Alzheimer's patients. Several research studies have shed light on the benefits of viewing fish in an aquarium. For instance, a study of older adults conducted by the National Center for Biotechnology Information (NCBI), part of the U.S. National Library of Medicine, in 2019, watching either live fish in an aquarium or a similar videotape, found a decrease in the physiological markers of stress when compared to those watching a placebo videotape.
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The continuous expansion of luxury hotels, restaurants, amusement parks, and entertainment and leisure centers showcasing beautiful ornamental fish aquariums is also likely to positively affect the market. The most anticipated luxury hotel brands to be opening in 2021 include Auberge, Four Seasons, Kimpton, Mandarin Oriental, Montage, Nobu Hotels, and Ritz Carlton, which is most likely to uplift the demand for ornamental fish and related aquatic biota for enjoyment purposes. Furthermore, with restrictions worldwide and economic disruptions across countries, the governments of various countries supported the industry with various relief and recovery funds.
For instance, the Australian Government has established a USD 1 billion COVID-19 Relief and Recovery Fund to support regions, communities, and industry sectors that have been disproportionately affected by the coronavirus crisis. The initiatives announced under the fund are supporting industries such as aviation, agriculture, fisheries, tourism, and the arts. These include initiatives such as the Temporary Waiver of Environmental Management Change for the Great Barrier Reef Marine Park and Renewing Reef HQ Aquarium.
#Ornamental Fish Market Size#Ornamental Fish Market Share#Ornamental Fish Market Latest Trends#Ornamental Fish Market Growth Forecast#COVID-19 Impacts On Ornamental Fish Market#Ornamental Fish Market Revenue Value
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Europe and Middle East and Africa Duty Paid Travel Retail Market Expected to Reach $ 16,884.0 Million by 2030 Allied Market Research.
According to a new report published by Allied Market Research, titled, “Europe and Middle East and Africa Duty Paid Travel Retail Market by Product Type, Sales Channel and Mode of Travel: Global Opportunity Analysis and Industry Forecast, 2022-2030,”
The Europe duty paid travel retail market was valued at $ 10,657.7 million in 2019, and is estimated to reach $16,884.0 million by 2030, registering a CAGR of 6.1% from 2022 to 2030.
The Middle East & Africa duty paid travel retail market was valued at $2,622.9 million in 2019, and is estimated to reach $4,596.9 million by 2030, registering a CAGR of 7.0% from 2022 to 2030.
In terms of future spending options, travel has been recognized as the top priority with greater focus on unique luxury experiences and adventure activities. Surge in interest of people to explore new places and to have unique travel experiences have encouraged market players to offer food & beverage products and regional liquor flavors that connect travelers to local culture of the destination and explore the unknown acquaintance of the place and its people. However, changes in socio-economic conditions threaten the growth of the market. On the contrary, market players are coming up with new specialized limited edition products for duty paid travel retail categories to cater to the needs of travelers, which is anticipated to offer remunerative opportunities for the expansion of the market during the forecast period.
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Owing to rapid drop in tourism caused by the COVID-19 pandemic, the growth rate of the duty paid travel retail market declined drastically in 2020. This is attributed to the fact that travel restrictions and precautions were implemented in January 2020 across the globe. Owing of the fear of infection, domestic and international visitors limited their trips, thus reducing the number of local and international clients for this retail channel. However, with ease in restrictions of COVID-19 in 2021, the travel retail market has witnessing growth, and it is expected to recover the normalized growth rate by 2023.
The duty paid travel retail market is segmented into product type, sales channel, mode of travel, and region. On the basis of product type, the market is categorized into perfume & cosmetics, electronics, food, confectionery & catering, tobacco, wine & spirits, luxury goods, fashion & accessories, travel accessories, and others. The luxury goods segment is further segregated into premium jewelry, luxury watches, luxury cosmetic & perfumes, luxury wines & spirits, and others.
The fashion & accessories segment is sub-segmented into glasses, wallets & handbags, footwear, jewelry, watches, and others. By sales channel, it is segregated into convenience stores, specialty retailers, direct retailers, and departmental stores. Depending on the mode of travel, it is fragmented into airports, cruise liners, railway stations, and land borders. Region wise, it is analyzed across Europe (France, Germany, Italy, Spain, the UK, Russia, and the rest of Europe) and Middle East & Europe (Turkey, Saudi Arabia, the UAE, Egypt, Israel, South Africa, Nigeria, and rest of Middle East & Africa).
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On the basis of product type, the fashion & accessories segment was valued at $323.9 million and $106.8 million in 2020 in Europe and the Middle East & Africa duty paid travel retail markets, respectively. This is attributed to the fact that African countries have their own tradition and clothing patterns, which attract large base of international and domestic consumers. Furthermore, Europe serves as the most popular travel destination for international tourists, and easy access to European people in the European Union countries is driving the growth of duty paid travel retail market. By sales channel, the direct retail segment is expected to grow at CAGR of 6.8% and 7.6% during the forecast period of Europe and the Middle East & Africa duty paid travel retail market, respectively. This is attributed to the fact that travelers seeking for specific brands generally visit direct retail stores or food lovers obsessed with their favorite food outlets look for company-operated food chains.
Frequent travelers prefer the same brands they prefer for years, which increase the popularity of direct brand retailers. Furthermore, fashion vendors and perfume vendors have their own brand outlets at airports, which are gaining high traction among consumers preferring international brands. In the food & beverages sector, local food vendors have their own food outlets, which attract food lovers, hence, sales of direct retailers are continuously increasing since last few years.
Depending on mode of travel, the railway stations segment was valued at $ 967.8 and $ 403.7 million in 2019 in Europe and the Middle East & Africa duty paid travel retail market, respectively. The increasing intercontinental connectivity through the railway among the European countries is expected to boost the duty paid travel retail demand through the railway stations. Besides, large domestic railway stations in Europe and the Middle East, and Africa are further driving the market growth.
Region wise, the Middle East & Africa duty paid travel retail market is expected to grow at significant CAGR of 7.0% during the forecast period, owing to increase in number of domestic airports in the Middle East & African countries such as Iran, Jordan, Oman, Saudi Arabia, the UAE, Kuwait, Qatar, and South Africa.
The players operating in the duty paid travel retail market have adopted portfolio and business expansion as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report are Aer Rianta International, Dufry AG, Flemingo International, Gebr. Heinemann SE & Co. KG, Lagardère Travel Retail, LVMH Group, AL Tayer Group, Autogrill S.p.A., Dnata, L'oreal S.A., the Estée Lauder Companies, and WH Smith Plc.
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Key findings of the study
The Europe duty paid travel retail market was valued at $10,657.7 million in 2019, and is estimated to reach $16,884.0 million by 2030, registering a CAGR of 6.1% from 2022 to 2030.
By product type, the fashion & accessories segment of the Middle East & Africa duty paid travel retail market is estimated to witness the fastest growth, registering a CAGR of 8.2% during the forecast period.
In 2020, depending on sales channel, the specialty retail stores segment of the Europe duty paid travel retail market was valued at $ 3,754.5 million in 2019, accounting for 35.2% of the market share.
In 2020, the UK was the most prominent markets in Europe, and is projected to reach $3,511.9 million by 2030, growing at a CAGR of 5.7% during the forecast period.
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