Airport Retailing Consumer Electronics Market to Grow at a CAGR of 6.3% Through 2028 The airport retailing consumer electronics market is foreseen to expand at a significant pace with global revenues crossing US$ 1,700 Mn in 2017, according to a new study. Traditionally pervasive as transportation service facilities, airports are now witnessing an influx of retail outlets for consumer electronics products. The shift in customer perspective toward airports as a retail destination continues to influence the growth of the airport retailing consumer electronics market. Fact.MR envisages that prospects for consumer electronics in airports are expected to remain promising, with the airport retailing consumer electronics market to grow at a CAGR of 6.3% in terms of value throughout the period of forecast, 2018-2028 For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=2218 The airport retailing consumer electronics market valuation is likely to remain influenced by a growing number of airports. Sales of consumer electronics in airports are projected to remain concentrated in the Southeast Asian (SEA) countries, making the region a lucrative market for airport retailing consumer electronics. India is poised to showcase higher market attractiveness in SEA during the forecast period on the back of steady economic development coupled with rising air tourism, according to the report. India’s lucrativeness in the airport retailing consumer electronics marketplace is attributed to the rising number of air passengers. According to IATA (International Air Transport Association), the air passenger count in India is expected to reach 478 million by 2036. This is expected to present potential opportunities for growth for airport retailing consumer electronics in the coming years. In addition, sales of airport retailing consumer electronics on departure are likely to be on an upswing as compared to sales on arrival in the country. The report forecasts that the sales of airport retailing consumer electronics in India could exceed US$ 250 Mn by 2028. Growing sales of accessories are expected to largely contribute to the growth of the airport retailing consumer electronics market, according to the report. Consumer preference for accessories is projected to expand at a higher rate as compared to electronic devices. Against this backdrop, airport retailers are also planning to rent accessories for travelers opting for short trips.
For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=2218 Segmentation The airport retailing consumer electronics market is broadly segmented according to the product types, airport size, sales channel, store location, and geographical regions. Based on product types, the airport retailing consumer electronics market is segmented into two main categories – electronic devices and accessories. Based on the airport sizes, the airport retailing consumer electronics market is segmented into large, medium, and small airports. Depending on the sales channels for airport retailing consumer electronics, the market is segmented into two types – hypermarkets/supermarkets and specialty retail stores. The airport retailing consumer electronics market is segmented into three store locations – presecurity (landside), postsecurity (airside) and aero cities. For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/2218 Advertisements on flyers continue to remain instrumental in driving the growth of the airport retailing consumer electronics market. Growing digitalization coupled with product displays on flyers is expected to influence sales of consumer electronics in turn presenting positive growth avenues for airport retailing consumer electronics market. This is likely to translate into increased product sales across specialty retail stores in airports, consequently making them a key growth platform for airport retailing consumer electronics, says the report. As traditional brick and mortar sales are getting impacted due to mega trends such as the relentless onslaught of online selling platforms, physical retailing in airports is thriving. Overall, the airport retailing consumer electronics scenario remains positive and stakeholders can expect an optimistic growth path in the airport retailing consumer electronics market in the forthcoming years. Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/newsrelease/2019/06/21/1872442/0/en/Demand-for-Regulatory-InformationManagement-to-Surge-as-End-Users-Target-Low-TTM-amid-Regulatory-ChangesFact-MR.html About Us:
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