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Inflight Shopping Market Is Anticipated To Generate Revenue Of USD 10.48 Billion By 2032, With A Compound Annual Growth Rate (CAGR) Of 5.45%. Inflight Retail Is Reaching New Heights.
Inflight Shopping
According to MRFR analysis, the Global Inflight Shopping Market is expected to register a CAGR of~5.45% from 2023 to 2032 and hold a value of over USD 10.48 billion by 2032.
The Global Inflight Shopping Market refers to the market segment that involves the sale of products and services to airline passengers during their flights. Inflight shopping typically includes a range of items such as duty-free products, luxury goods, electronics, cosmetics, jewelry, accessories, and even food and beverages.
The market is driven by various factors, including the increasing number of air travelers, rising disposable income, the growing demand for luxury and premium products, and the convenience of shopping during a flight. Inflight shopping provides passengers with an exclusive selection of products, often at discounted prices due to tax exemptions or special promotions.
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The COVID-19 pandemic had a significant impact on the Global Inflight Shopping Market. The pandemic led to widespread travel restrictions, flight cancellations, and a decline in passenger demand. Many countries implemented lockdowns and travel bans, which resulted in a significant reduction in air travel. As a result, the number of potential customers for inflight shopping decreased substantially.
Regional Analysis-
The largest region in the Global Inflight Shopping Market is typically North America. North America has a well-developed and robust air travel market with a high volume of domestic and international flights. Major airlines based in the region, such as American Airlines, Delta Air Lines, and United Airlines, serve a substantial number of passengers, providing ample opportunities for inflight shopping.
North America has a significant number of premium travelers, including business travelers and tourists who prefer high-end services and products. This demographic is more likely to engage in inflight shopping and purchase luxury goods during their flights.
Market Segmentation-
The Global Inflight Shopping Market has been segmented into type and class.
Based on the type, the market has been segmented into travel essentials, accessories, beauty and care and children.
Based on the class, the market has been segmented into first class, business class, premium economy class and economy class.
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Key Companies in the Inflight Shopping market include -
Inmarsat plc (UK)
Lufthansa (Germany)
AirAsia Group (Malaysia)
The Emirates Group (UAE)
Swiss International Air Lines AG (Switzerland)
Thomas Cook Airlines Ltd. (UK)
Singapore Airlines Limited (Singapore)
EasyJet Airline Company Limited (UK)
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Inflight Shopping Industry Developments -
March 2023, Dubai Future Foundation and the Emirates Group signed a landmark cooperation to establish the Emirates Centre of Excellence for Aviation Robotics (ECEAR). ForsaTEK, the Group's innovation forum, was the setting for signing the agreement.
February 2023, The business partnership between Vietnam Airlines and Singapore Airlines (SIA) has been formalized by signing of a Memorandum of Understanding (MoU). The carriers will initially explore opportunities for codeshare arrangements to facilitate better connectivity between Vietnam and Singapore
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