A Market Place Research

The global brake system industry was valued at $41.62 billion in 2019, and is projected to reach $61.20 billion by 2027, registering a CAGR of 7.0%. The report provides a detailed analysis of changing market dynamics, top investment pockets, major winning strategies, key segments, and competitive scenarios.

Growth in production & sales of commercial vehicles and off-highway trucks, rise in stringency of automotive active safety regulations, and initiatives of new car assessment program (NCAP) on electronic brake systems proliferate the growth of the global brake system market. On the other hand, high development cost of electronic brake systems and huge maintenance costs hamper the growth to certain extent. Nevertheless, stringent regulations regarding load carrying capacity, mandates on air brakes installation, and advent of the brake-by-wire system and regenerative braking usher a wide array of opportunities for the market players.

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Covid-19 Scenario-

• The covid-19 outbreak has immensely affected the industry, as most of the original equipment manufacturers (OEM) have kept the production of brake systems on hold.
• The supply chain management has been disrupted resulting in shortage of raw materials. The demand from automotive industry has decreased significantly during lockdowns.
• However, the manufacturers have started reprocessing their activities as government bodies in several regions have eased off the regulations.

The global brake system market is segmented on the basis of product type, sales channel, end use, and region. Based on product type, the market is further segmented into disc brakes, drum brakes, hydrostatic brakes, hydraulic wet brakes, and regenerative & dynamic braking. The drum brakes segment held the highest market share in 2019, with nearly half of the total share market, and is projected to continue its dominance during the forecast period. On the other hand, the regenerative & dynamic braking segment is expected to showcase the fastest CAGR of 9.8% from 2020 to 2027.

Based on end use, the market is classified into automotive, construction equipment, agricultural equipment, industrial trucks, and mining equipment. The automotive segment accounted for the largest market share, with more than half of the total share of the global brake system market in 2019, and is anticipated to uphold its leadership by 2027. In addition, the same segment is estimated to manifest the highest CAGR of 7.6% during the forecast period.

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Based on region, the market is analyzed across regions including Asia-Pacific, Europe, LAMEA, and North America. The Asia-Pacific region held lion’s share by generating more than two-fifths of the total share in 2019, and will maintain its lead position throughout 2027. Furthermore, this region is also projected to grow at the highest CAGR of 8.0% from 2020 to 2027.

The frontrunners profiled in the brake system market report include AISIN SEIKI Co., Ltd., CONTINENTAL AG, BREMBO S.P.A., Delphi Technologies, Hitachi Automotive Systems, Ltd., HALDEX, KNORR-BREMSE AG, Robert Bosch GmbH, Nissin Kogyo Co., Ltd., and ZF FRIEDRICHSHAFEN AG.

Similar Reports We Have on Automotive & Transportation Industry:

Brake Override System Market by Sensor Technology (Radar, LiDAR, Camera, Infrared, and Ultrasonic) and Vehicle Type (Passenger Cars and Commercial Vehicles) – Global Opportunity Analysis and Industry Forecast, 2017-2023.

Air Brake System Market by Type (Air Disc Brake, Air Drum Brake), Component (Compressor, Governor, Tank, Air Dryer, Foot Valve, Brake Chamber, Slack Adjuster, and Others), and Vehicle Type (Trucks, Bus, and Rolling Stock): Global Opportunity Analysis and Industry Forecast, 2018–2026.

Automotive Brake System Market by Type (Disc and Drum), Technology (Antilock Braking System (ABS), Traction Control System (TCS), Electronic Stability Control (ESC), and Electronic Brake Force Distribution (EBD)), Vehicle Type (Passenger ICE Vehicle, Commercial ICE Vehicle, and Electric Vehicle), and Sales Channel (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2019–2026.

Automotive Brake Pad Market by Material Type (Semi-Metallic, Non-Asbestos Organic (NAO), Low-Metallic and Ceramic), Position Type (Front and Front & Rear), Sales Channel (Original Equipment Manufacturer (OEM) and After-market), and Vehicle Type (Passenger Vehicles, Light Commercial Vehicles and Heavy Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2020–2027.

Automotive Brake Valves Market by Type (Engine (Inlet & Outlet) Valves, AC Valve, Brake Valve, Thermostat Valve, Fuel System Valve, Solenoid Valve, Exhaust Gas Recirculation Valve, Tire Valve, Water Valve and AT Control Valve), Application (Engine System, HVAC System and Brake System), Function (Electric, Pneumatic and Hydraulic) and Vehicle (Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2021–2027.

About Allied Market Research

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

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According to the report published by Allied Market Research, the global aviation lubricant market was valued at $2.24 billion in 2019, and is projected to reach $2.84 billion by 2027, registering a CAGR of 6.2%. 

Rise in number of airline passengers, increase in consumption of synthetic lubricant, and growth in number of airports augment the growth of the global aviation lubricant market. On the other hand, contamination in lubricant impedes the growth of the market. Nevertheless, demand for low-density lubricant and development of safe and eco-friendly lubricant are expected to usher a plethora of opportunities in the near future.

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COVID-19 Scenario:

• The aerospace industry was amongst the worst-hit industries during the pandemic. This in turn reduced the demand for aviation lubricant significantly.
• The outbreak of the pandemic led to suspend the manufacturing activities of lubricant. At the same time, disruptions in the supply chain resulted into a shortage of raw materials.
• As governments have allowed to restart domestic and international travel, the demand for aviation lubricant is expected to grow gradually.

The global aviation lubricant market is segmented into type, technology, end user, application, platform, and region. Based on type, the engine oil segment held the largest share in 2019, with nearly half of the global aviation lubricant market, and is anticipated to maintain its leadership status during the forecast period. On the other hand, the special lubricant & additives segment is estimated to manifest the fastest CAGR of 8.2% from 2020 to 2027. The report also involves hydraulic fluid and grease segments.

Based on technology, the market is segmented into mineral based and synthetic. The synthetic segment accounted for the highest share in 2019, with more than half of the global market, and would continue its dominance by 2027. At the same time, the mineral-based segment is estimated to manifest the highest CAGR of 6.8% during the forecast period.

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Based on region, the global aviation lubricant market is studied across North America, Asia-Pacific, LAMEA, and Europe. The Asia-Pacific region held the largest revenue share, with nearly one-third of the global market in 2019, and would lead the trail during the forecast period. However, the market across LAMEA is expected to grow at the fastest CAGR of 8.0% from 2020 to 2027.

Leading market players in the global aviation lubricant market report include Exxon Mobil Corporation, Aerospace lubricant, Inc., The Chemours Company, Royal Dutch Shell plc, NYCO, LANXESS, LUKOIL, Nye lubricant, Inc., Eastman Chemical Company, ROCOL, and JET-LUBE.

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Similar Reports We Have on Automotive Industry:

Automotive Central Lubrication System Market by Lubrication Type (Oil and Grease), Component Type (Lubrication Distributor, Lubrication Pumps and Timers and Controllers), Actuator Type (Electrical and Pneumatic), and Vehicle Type (Passenger Vehicles, Light Commercial Vehicles and Heavy Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2020–2027.

Aircraft Micro Turbine Engine Market by Engine Type (Turbojet MTE and Turboshaft MTE), Platform (UAV, VTOL, Air Taxi and Others), and Fuel Type (Bio Fuel, Diesel, Kerosene, Synthetic Fuel, Jet A and Natural Gas): Global Opportunity Analysis and Industry Forecast, 2020–2027.

Automotive Paint Additives Market by Type (Blending Solvents, Flow Enhancers, Fisheye Eliminator, and Other), Application (Automotive Decorative Paint, Automotive Antirust Paint, Automotive Fire-retardant Paint, and Other), and Vehicle Type (Passenger Cars and Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2019–2026.

Automotive Crankcase Additives Market by Type (Antioxidants, Friction Modifiers, Detergent Additives, Rush Inhibitors, Pour Point Depressants, Viscosity Index Improvers (VII), Anti-Foam Agents, Anti-Misting Agents and Others), Application (Petrol Engines, Diesel Engines, and Natural Gasoline Engines), and Vehicle Type (Passenger Vehicles, Light Commercial Vehicles and Heavy Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2020–2027.

About Allied Market Research

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, and researchers and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.

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The report offers detailed analyses of the top impacting factors, driving forces & analysis, key market segments, and competitive landscape. According to the report, the global automotive hydrostatic fan drive system market size was valued at $398.1 million in 2019, and is projected to reach $571.5 million by 2027, registering a CAGR of 6.0% from 2020 to 2027.

Proactive measures by government bodies on lowering emissions, increase in demand for hydrostatic fans, and development of new technologies for reducing carbon dioxide (CO₂) emission drive the growth of the market. However, high initial & maintenance costs and rise in adoption of electric vehicle across the globe restrain the market growth. Moreover, opportunities in African countries and technological advancements in hydraulic system for lowering CO₂ emission create new pathways for the market.

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Off-road vehicles: highest revenue-generating segment through 2025 

Off-road vehicles segment contributed more than half of the total market share in 2017, owing to rise in demand from industries such as construction & mining and agriculture. This segment is expected to maintain its dominance throughout the forecast period. However, train & metro and trams would register the highest CAGR of 10.2% from 2018 to 2025 due to the increased demand for passenger carrying vehicles and government funding for better connectivity between two cities. The on-road vehicles segment is expected to grow at a steady rate during the forecast period.

Fixed gear motor segment to lead during the forecast period 

Fixed gear motor segment accounted for nearly half of the total market share in 2017 and is expected to maintain its dominance by 2025. This is due to the rise in production and prices of this component. However, hydraulic valves & sensors segment would register the highest CAGR of 10.6% from 2018 to 2025, owing to technological advancements that would augment dependence on valves and sensors. The research also analyzes the variable axial piston pump, engine control unit, and oil cooler segments.

Fixed displacement pump segment to grow the fastest by 2025 

Fixed displacement pump segment would grow at the fastest CAGR of 7.0% from 2018 to 2025, owing to higher accuracy as compared to other pump types. Variable displacement pump segment accounted for the major share in 2017, contributing more than half of the total market share, owing to its ability to vary pressure, density, and viscous liquid as per the requirements to achieve efficiency.

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Asia-Pacific to lead in terms of revenue by 2025 

Rise in R&D activities, increase in production of heavy commercial vehicles, and higher adoptive rate as compared to other regions have enabled the Asia-Pacific region to contribute the highest revenue in 2017. It contributed nearly half of the total market share in 2017. However, LAMEA region would register the fastest CAGR of 9.7% from 2018 to 2025, owing to the huge untapped potential and rise in demand from Africa.

Torchbearers of the industry  

The key market players analyzed in the research include Eaton, JTEKT HPI, Parker Hannifin, Hydraforce Hydraulics, Roxroth Bosch, Bucher Hydraulics, Danfoss, Quality Hydraulics & Pneumatics, Concentric, and Casappa. These market players have adopted various strategies including partnership, collaboration, expansion, joint ventures, and others to gain a strong position in the industry.

Similar Reports : 

Variable Displacement Pumps Market – Global Opportunity Analysis and Industry Forecast, 2017 – 2023

Mining Equipment Market – Global Opportunity Analysis and Industry Forecast, 2016 – 2022

About Us 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
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+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
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According to the report published by Allied Market Research, the global battery management system market generated $5.81 billion in 2019, and is estimated to reach $24.83 billion by 2027, registering a CAGR of 20.2% from 2020 to 2027.

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Key determinants of the market-

Rise in demand for hybrid electric vehicles & electric vehicles across the globe and growing adoption of lithium-ion batteries across various industry verticals propel the growth of the global battery management system market. Nevertheless, rise in product prices with addition of battery management system restrains the market growth. Moreover, growing adoption of cloud-connected battery management systems is expected to usher a number of opportunities in the near future.

COVID-19 Scenario:

• The manufacturers have stopped the production management due to disrupted supply chain amid lockdown. In addition, the interrupted the installation of battery management system.
• According to the China Passenger Car Association (CPCA), sales of automobiles in China have significantly dropped in June, 2020 as compared to April and May of 2020. Decline in demand for automobiles have decreased the demand for battery management system as well.

The lithium-ion based segment to contribute maximum share in 2019-

Based on battery type, the lithium-ion based segment contributed to the largest share in 2019, accounting for nearly three-fifths of the total share, and is estimated to maintain its dominant position during the forecast period. The majority of the electric vehicle manufacturers are installing lithium-ion batteries for better and smooth performance, which drives the growth of the segment. However, the lead-acid based segment is estimated to portray the highest CAGR of 22.7% during the forecast period, as it is the cheapest secondary source, almost completely recyclable, and is significantly safer to use.

The modular segment to lead the trail throughout the forecast period-

Based on topology, the modular segment accounted for the largest share in 2019, holding more than two-thirds of the total share, and is expected to maintain the largest share throughout the forecast period. Modular topology offers advantages such as scalability based on requirement, lower maintenance cost, and immunity to noise which drive the segment growth. However, the centralized segment is expected to register the highest CAGR of 26.0% from 2020 to 2027. Centralized topology has lower design cost and replacement & troubleshooting in this type of topology is significantly easy compared to other topologies, which boosts the growth of the segment.

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Asia-Pacific to dominate the market, North America to grow at a significant pace-

Based on region, Asia-Pacific contributed to the highest share, accounting for nearly half of the total market share in 2019, and will maintain its dominance throughout the forecast period. This is owing to the increased sales of electric vehicles in countries such as China and Japan. However, LAMEA is expected to grow at the highest CAGR of 27.2% from 2020 to 2027. Rising inclination toward usage of renewable energy sources among end-users, and government initiatives to promote the use of clean energy make it the fastest growing region. On the other hand, North America is anticipated to manifest 22.9% of CAGR throughout the forecast period.

Leading market players :

• Elithion Inc.
• Eberspächer
• Lithium Balance
• Leclanche
• NXP Semiconductors
• Nuvation Energy
• Renesas Electronics Corporation
• Navitas System LLC
• Texas Instruments Incorporated
• Battery Systems, LLC.

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Similar Reports :

Automotive Battery Management System Market 2020-2030: Global battery management system market is segmented based on battery type, vehicle type, connectivity topology, and region.

Electric Vehicle Battery Market 2020-2030: The global electric vehicle battery market is segmented based on vehicle propulsion type, battery type, vehicle type, and region.

Train Battery Market 2020-2030: The train battery market is segmented into battery type, technology, locomotive type, application, advanced train, and region.

Aircraft Battery Market 2020-2030: Aircraft battery market is segmented by battery type, power density, aircraft type, aircraft technology, application, and region.

Electric Vehicle Battery Recycling Market 2020-2030: The electric vehicle battery recycling market size is segmented based on application and region.

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
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The global air traffic control market was valued at $8.41 billion in 2019, and is projected to reach $11.50 billion by 2027, registering a CAGR of 4.1% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios.

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Growing number of airports across the globe and surge in need of enhanced airspace management systems drive the growth of the global air traffic control market. However, high cost of installation of ATC systems is anticipated to restrain the growth of the market. Furthermore, growing adoption of satellite-based ATC systems is expected to create new growth opportunities for the market player during the forecast period.

Covid-19 scenario:

• The construction of new airports across the globe has been halted amid lockdown, which declined the demand for ATC systems.
• Air traffic control systems manufacturers across the globe have temporarily suspended their manufacturing activities due to disrupted supply of components amid lockdown.
• Several countries have grounded their international and domestic flights and have closed their air traffic control facilities due to rising cases of Covid-19 patients among the airport personnel.

The report offers detailed segmentation of the global air traffic control market based on airspace, applications, offerings, airport size, sector, and region.

Based on airspace, the ATCT segment contributed to the largest share in 2019, accounting for more than half of the total share, and is estimated to maintain its dominant position during the forecast period. However, the remote tower segment is estimated to portray the highest CAGR of 7.2% during the forecast period.

Based on application, the surveillance segment accounted for the largest share in 2019, holding more than two-fifths of the total share, and is expected to maintain the largest share throughout the forecast period. However, the automation segment is expected to register the highest CAGR of 6.8% from 2020 to 2027.

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Based on region, Asia-Pacific contributed the highest share, accounting for more than one-third of the global air traffic control market in 2019, and will maintain its dominance throughout the forecast period. However, LAMEA is expected to grow at the highest CAGR of 6.2% from 2020 to 2027.

Leading market players analyzed in the research include BAE Systems, Adacel Technologies Limited, Indra Sistemas SA, Frequentis AG, Northrop Grumman Corporation, Leonardo S.p.A, Saab AB, Raytheon Technologies Corporation, Thales Group, and SkySoft-ATM.

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Similar Reports :

Aircraft Flight Control Systems Market 2020-2030: The global aircraft FCS market is segmented on the basis of type, application, technology, and region.

Simulators Market 2020-2030: The global simulators market is segmented on the basis of solution, platform, type, application, technique, and region.

Jet Bridge Market 2020-2030: The global jet bridge market is segmented into type, technology, product, structure, application, and region.

IoT in Aviation Market 2020-2030: The global IoT in Aviation market is segmented into end market, application, component, and region.

Airport Stands Equipment Market 2020-2030: The global airport stands equipment market is segmented into type and region.

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
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help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

According to a new report published by Allied Market Research, titled, “Travel Retail Market by Product and Channel: Global Opportunity Analysis and Industry Forecast, 2018 – 2025″,the global travel retail market size was valued at $74.9 billion in 2017, and is projected to reach $153.7 billion by 2025, growing at a CAGR of 9.6% from 2018 to 2025. Perfumes & cosmetics segment has a strong customer base in the global travel retail market. Some of the leading companies, such as Estee Lauder, LOral, Rituals Cosmetics, Revlon, and others, are expanding their businesses by opening their outlets at every international airport with an exclusive and a wide range of fragrances and skin care products.

Retailers at travel retail stores are yet to catch-up with the innovations happening outside of their world. Nevertheless, Covid-19 will certainly accelerate transformation of travel retailers especially in contactless payments, loyalty programs, and digitization . This is because billions of people travel internationally every year and spend money and time at airports. The travelers get a lot of free time at the airport to browse and buy products. In addition, travel retail creates more visibility for their products, which draws the attention of new customers in different countries and increases brand loyalty of existing customers.

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Development of the travel & tourism industry, rapid urbanization, and changes in lifestyle, owing to increased disposable income of consumers drive the growth of the travel retail market. In addition, increase in travel & tourism or international tourist arrivals in the emerging economies, such as Asia-Pacific and LAMEA is anticipated to create lucrative opportunities for the global travel retail market. However, unorganized local markets and stringent regulations in airport retailing hamper the growth of the travel retail market.

Wines & spirits is the second largest revenue contributor in the global travel retail market. The consumption of wines, particularly luxury wines and spirits has witnessed considerable growth in the past few years. Wines & spirits, of the total, have 15.9% of the travel retail market share. In addition, it has been observed that luxury wines & spirits are highly preferred by the international passengers, which leads to the growth of the market. Passengers travelling over distances mostly prefer wines & spirits. Also, the growth in culture of owning luxurious goods and consumption of expensive wines & spirits are driving the growth of the market.

Asia-Pacific is the largest travel retail market in the world, and is growing at the fastest rate owing to improvements in living standards, rise in disposable income, improvement in lifestyle, and development of the tourism industry.
Furthermore, Europe is one of the largest travel retail markets, owing to its stronger base of luxury products. It is anticipated to have the fastest travel retail market growth with a CAGR of 7.2% in the forecasted period.

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The region possesses some of the biggest apparels and cosmetics brands, namely, LVMH from France and H&M from Sweden, which hold a significant share in the luxury apparels, perfumes, and cosmetics sector, thereby making it the second largest travel retail market. Wealthy tourists from the Middle East, China, the U.S., and Russia contribute significantly toward the growth of the European travel retail market. Being the historical home of most of the luxury houses, Europes market accounts for nearly $23 billion of the travel retail sector.

Key Findings of the Travel Retail Market :-
By channel, the airports segment accounted for the maximum market revenue in 2017, and is projected to grow at a CAGR of 9.6% during the forecast period.
By channel, the border, downtown, & hotel shops segment is expected to grow at the highest CAGR of 10.1%.
By product type, the perfumes & cosmetics segment accounted for more than 31% of travel retail market share in 2017, and is expected to dominate the global market by 2025.
By product type, the luxury goods segment is expected to grow at the highest CAGR of 12% during the forecast period.
China was the major shareholder in the Asia-Pacific travel retail industry, and accounted for around 67.4% share in 2017

The major players profiled in this report include :-
Aer rianta international
China duty free group co., ltd.
Dufry ag
Duty free americas, inc
Gebr. Heinemann se & co.kg
King power international
Lotte hotel
Lagardère sca (lagardère travel retail)
Lvmh group (dfs group limited)
The shilla duty free

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Similar Report :-
B2B Travel Market https://www.alliedmarketresearch.com/b2b-travel-market-A10615
Capsule Hotel Market https://www.alliedmarketresearch.com/capsule-hotel-market-A10625

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

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