Inflight Shopping Market Research Report - Forecast till 2027

Inflight Shopping Market Research Report: Information by Aircraft Class (First Class, Business Class, Premium Economy Class and Economy Class), Carrier Type (Full-Service and Low-Cost), Shopping Type (Travel Essentials, Accessories, Beauty and Care, Children and others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2027

ID: MRFR/A&D/6800-HCR | February 2021 | Region: Global | 168 pages

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Inflight Shopping Market Overview


The Inflight Shopping Market is estimated to register a CAGR of nearly 7.63% during the forecast period of 2019 to 2024.


Inflight duty-free shopping in flights has set the trend for the aircraft industry. The inflight shopping platform has shown a positive impact on the market. This mode of shopping in flights is projected to drive the growth of the Inflight Shopping Market rapidly. The passengers are showing favorable interest in this platform, and the Market has successfully grabbed the passengers' attention. The development of new modes of advertisement is boosting the market's growth. The inflight duty-free shopping mode has been a flexible mode for the passengers travelling. As the aviation sector is has shown rapid growth in growth and is going to continue the same growth rate in the future, this major factor is driving the Market.


The increased rate of passengers travelling in the airlines regularly and their rise in demand for consumer goods in the flight is increasing the market's growth rate. The passengers prefer to have healthy and nutritious food while travelling; their need for the food products in the flight enhances the market size. The advancement and development of various features of the inflight shopping market are giving positive opportunities to the market. The rise in investment plans in the aviation sector, where the government is even playing an integral part in invest has been a supportive backbone for the market. The development of automation and proliferation techniques is upgrading the services of Inflight duty-free shopping. Further investments are expected to benefit the inflight shopping service at the global level to compete with other markets. Due to the booming tourism, the market to gain the highest share in the upcoming years, and the aviation sector is receiving worldwide demand.


The key players are focusing on improving their services to serve their best Inflight duty-free shopping. To meet the demand of the next generation, they are planning for an upgraded shopping platform in the flights. Passengers expect to get served with necessary consumer goods on the flight. They wish to get all the essential items on the flights. To fulfil this need, the chief players are contributing their best to provide every necessary thing with the help of an inflight shopping platform. The aviation sectors are focusing more on the needs of the passenger to provide them better travelling experience. 


According to the report, the Inflight Shopping Market is expected to notice a strong CAGR in the upcoming years during the forecast period. The rapid growth in the aviation sector is analyzed, and the market is projected to experience huge growth overcoming different challenges and restraining factors. The aviation sector plays a crucial role in improving the growth of the Market worldwide. The major growth factors are to set huge opportunities in the market.


Covid-19 Analysis


The outbreak of the virus has shown a bad impact on every market diversely. The Inflight Shopping Market was even hit by the virus badly. The pandemic situation drastically affected the shopping services, and the imposed worldwide lockdown has badly affected Market. Due to the travelling restrictions during the lockdown period, the passengers stopped travelling, and the government has shut all the travelling options to stop the virus spread. This resulted in a huge loss to the market, and tourism was completely restricted. The aviation industry has faced a drastic loss during this period.


But to overcome this crisis, the key players are focusing on the drivers; as the pandemic was noticed to be stable, the passengers got permission to travel. This has shown a gradual growth of the market in recent days—inflight Shopping Market to attain significant growth even after being hit by the COVID-19 pandemic. And Market by application is estimated to show a strong and improved CAGR per cent in the upcoming years.


Chief Variables Existing in the Market


Key Market Drivers


Many key drivers are facilitating the Inflight Shopping Market growth. Tourism service across the world is the major driver of the market. Internet-based platforms are even considered as a chief diver to boost market growth. Inflight duty-free shopping is trending in the aviation service.


Market Challenges


The pandemic has hit the Inflight Shopping Market, and this was a major challenge for the market to come out of it. The pandemic period was challenging as the services stopped, and the market noticed a huge loss. Still, the market players faced challenges and looked out for every possible way to overcome the issues.


Market Opportunities


There is a huge marketing opportunity for the Inflight Shopping Market by application. The increase in online shopping by passengers is expected to bring wide opportunities for the market. People opting to travel in flights to reach their destination in a short period are another marketing opportunity for the market. The investments in aviation sectors with the government's support act as an opportunity for the commercial platform to serve their customers.


Restraints


The Inflight Shopping Market is even facing some restraining factors acting as a demerit factor of the market. Improper inventory management is one of the major restraints for the market's growth, and the management services need to be improved to procure the estimated growth rate during the assessment period.


Cumulative Evaluation of the Market


The Inflight Shopping Market to show a consistent growth rate in the future years. The chief drivers are the boosting factor of the market's growth. The key players are showing their effective role in facing various challenges of marketing. They are paying their core attention to the opportunities of the market to help the market grow diversely. The restraining factors are even kept in concern to deal with it when required.


Market Segmentation


By Carrier Type


The Inflight Shopping Market by application is segmented into full service and low cost based on the carrier type. The full-service segment has been seen dominating the market in recent years. Hence it is expected to project the highest CAGR during the evaluation period.


By Aircraft Class


Based on this marketing segment, the inflight shopping market revenue is classified into first class, business class, premium economy class, and economy class. Among these, the business class segment noticed a dominating growth in recent years.


By Shopping Type


The shopping type segment is divided into travel essentials, accessories, beauty and care, children, and others. The travel essentials segment held the highest Inflight Shopping Market Share because of its significant growth in recent years.


Regional Analysis


According to the geographical distribution, the inflight shopping market revenue is segregated into various regions such as North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. Among these, the North American region dominates the market due to the increase in the use of aircraft class. Followed by North America, the Asia Pacific is expected to grow rapidly due to low-cost inflight shopping services during the evaluation period. The rise in air traffic because of the large number of passengers travelling regularly in China and India is fueling up the Asia Pacific market growth. The Middle East and Africa are showing healthy growth due to the increased aircraft deliveries in the region are accelerating the growth of the Market.


Competitive Analysis within the Industry


The major global players are the reason behind the growth of the market revenue. They are contributing their best to make the market reach its expected CAGR. Below listed are the key players of the Inflight Shopping Market Share.



  • 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)


Recent Market Development


The Inflight Shopping Market is expected to register a CAGR of approximately 7.63% during the forecast period.


Revenue for the worldwide Market has shown substantial growth over the six years to strengthen the economy.


Inflight Shopping Market is all set to take off on domestic flights. Domestic carriers such as Jet Lite, SpiceJet, and Indigo are all gearing up to join Air Deccan and GoAir for next-generation inflight retail.


Report Overview


According to the overviewed report, the Inflight Shopping Market is estimated to show a significant growth rate in the graph in the upcoming years. The different market segments are contributing its growth to fuel up the market at the global level. The geographical analysis even shows that the market has shown huge dominating growth in the various developing reasons. The regional market segments are boosting the growth of the global Market.


Key Industrial Segments


By Carrier Type



  • Full Service

  • Low Cost


 By Aircraft Class



  • First Class

  • Business Class

  • Premium Economy Class

  • Economy Class


 By Shopping Type



  • Travel Essentials

  • Accessories

  • Beauty and Care

  • Children

  • Others



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Frequently Asked Questions (FAQ) :

Inflight shopping market can expand at 7.63% CAGR by 2024.

By 2027, the Inflight shopping market can touch decent value.

Lufthansa (Germany), Inmarsat plc (UK), and AirAsia Group (Malaysia), are some renowned names in the Inflight shopping market.

The availability of low-cost shopping solutions can promote the Inflight shopping market.

The lack of expertise can restrains the Inflight shopping market expansion.