Global Inflight Shopping Market is predicted to reach USD 10.48 Billion at a CAGR of 5.45% during the forecast period:
Market Research Future (MRFR) has published a cooked research report on the “Global Inflight Shopping Market” that contains information from 2018 to 2032. The Global Inflight Shopping Market is estimated to register a CAGR of 5.45% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Inflight Shopping Market — 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), and EasyJet Airline Company Limited (UK)
Inflight Shopping Market Highlights
The Inflight Shopping Market is accounted to register a CAGR of 5.45% during the forecast period and is estimated to reach USD 10.48 Billion by 2032.
The global inflight shopping market refers to the retail sales of products and services offered to passengers during their flights. It is a significant segment of the airline industry and provides an opportunity for airlines to generate additional revenue. Inflight shopping typically involves the sale of duty-free items, such as perfumes, cosmetics, alcohol, tobacco, electronics, and other luxury goods.
Segment Analysis
The Global Inflight Shopping Market has been segmented based Aircraft Class, Carrier Type, Shopping Type
The inflight shopping market segmentation, based on aircraft class, includes first class, business class, premium economy class, and economy class. In 2022, the first-class segment led the inflight shopping market in revenue because there has been a recent trend toward incorporating cutting-edge technology into in-flight e-commerce offerings, such as using various smart devices for in-flight food ordering has greatly contributed to the expansion of the in-flight shopping market.
The inflight shopping market segmentation, based on carrier type, includes full-service and low-cost. The full-service sector is expected to develop at a CAGR of 5.45% over the projected period, making up the largest market share due to In-flight meals, drinks, and entertainment options, as well as comfort items like headphones, pillows, and blankets, are typically more extensive on full-service airlines. However, some full-service airlines have reduced or eliminated these perks; others now charge for them or sell them online. The impact of this variable on market expansion is anticipated.
The Inflight Shopping market segmentation, based on shopping type, includes travel essentials, accessories, beauty & care, children, and others. The segment with the largest market share in others is expected to grow fastest at a CAGR of 10.93% over the next several years. As incomes have risen, so have the number of high-end options available at airports. Another factor contributing to expanding the in-flight retail sector is the growing social importance of material affluence.
Regional Analysis
The Global Inflight Shopping Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. The North American inflight shopping market will dominate because the high volume of air passengers. As more planes are delivered to commercial airlines, the market for online purchases made while in flight expands. In addition, this is mostly attributable to airlines' increasing reliance on in-flight entertainment systems in this region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Europe’s inflight shopping market accounts for the second-largest market share because of many budget carriers and heavy business and vacation travel throughout Europe. Further, the German inflight shopping market held the largest market share, and the UK inflight shopping market was the fastest-growing market in the European region.
The Asia-Pacific inflight shopping market is expected to grow at the fastest CAGR from 2023 to 2032. It is due to digitalization improving the aircraft industry's technical outlook, population growth, the rise of low-cost flights, and the development of airports. Therefore, increased rates of expansion are anticipated for the foreseeable future. Moreover, China’s inflight shopping market held the largest market share, and the Indian inflight shopping market was the fastest-growing market in the Asia-Pacific region.
Key Findings of the Study
- The Global Inflight Shopping Market is expected to reach USD 10.48 Billion by 2032, at a CAGR of 5.45% during the forecast period.
- The North American inflight shopping market will dominate because the high volume of air passengers. As more planes are delivered to commercial airlines, the market for online purchases made while in flight expands. In addition, this is mostly attributable to airlines' increasing reliance on in-flight entertainment systems in this region.
- The inflight shopping market segmentation, based on aircraft class, includes first class, business class, premium economy class, and economy class.
- 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), and EasyJet Airline Company Limited (UK)
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Companies Covered | 15 |
Pages | 168 |
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