Europe Inflight Shopping Market Size, Share, and COVID-19 Impact Analysis, By Aircraft Class (First Class, Business Class, Premium Economy Class, Economy Class), By Shopping Type (Travel Essentials, Accessories, Beauty & Care, Children, Others), By Country (Germany, UK, France, Italy, Spain, Russia, Rest of Europe), and Europe Inflight Shopping Market Insights Forecasts to 2033

Industry: Aerospace & Defense

RELEASE DATE Feb 2024
REPORT ID SI3657
PAGES 200
REPORT FORMAT PathSoft

Europe Inflight Shopping Market Insights Forecasts to 2033

  • The Market Size is Growing at a CAGR of 3.74% from 2023 to 2033
  • The Europe Inflight Shopping Market Size is Expected to Hold a Significant Share by 2033

Europe Inflight Shopping Market

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The Europe Inflight Shopping Market Size is expected to hold a significant share by 2033, at a CAGR of 3.74% during the forecast period 2023 to 2033.

 

Market Overview

Air travel has become an essential component of modern life. In-flight shopping has the potential to improve any flight experience, regardless of whether it is for business or pleasure. Consumer can buy a range of duty-free products on many airlines while consumers in the air, including luxury products, electronics, and cosmetics. Shopping while in flight offers a special chance to buy products that might not be available in consumers country of residence and at a lower cost because there is no sales tax. The fact that in-flight shopping is tax-free is one of its most significant advantages. Because duty-free products are not subject to taxes, consumer can buy them for less money than in a traditional store. This is especially advantageous for luxury goods, which are taxed heavily in many nations. Furthermore, an exponential increase in the number of passengers travelling by air is expected to be the primary driver for the growth of the in-flight shopping market. The number of domestic and international passengers flying by air has increased in Europe, driving market growth even in the face of slower economic growth in some countries.

 

Report Coverage

This research report categorizes the market for Europe inflight shopping market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Europe inflight shopping market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Europe inflight shopping market.

 

Europe Inflight Shopping Market Report Coverage

Report CoverageDetails
Base Year:2023
Forecast Period:2023-2033
Forecast Period 2023-2033 CAGR:3.74%
Historical Data for:2019-2022
No. of Pages:200
Tables, Charts & Figures:110
Segments covered:By Aircraft Class, By Shopping Type, By Country
Companies Covered: The Emirates Group, Singapore Airlines Limited, Inmarsat plc, EasyJet Airline Company Limited, Swiss International Air Lines AG, Thomas Cook Airlines Ltd., Lufthansa, AirAsia Group, and other key vendors.
Pitfalls & Challenges:COVID-19 Empact,Challenges, Future, Growth, & Analysis

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Driving Factors

Automation and the widespread availability of online in-flight shopping control have enabled providers and airlines to collaborate and provide a high-quality service at a reasonable cost. Due to increased investment in the aviation sector, it is anticipated that online in-flight shopping companies will increase their investments and significantly increase their market share in Europe. Since the growing popularity of high-tech aircraft and the expansion of online distribution channels, the Europe in-flight retail market is expanding. The convenience of shopping while in flight is enhanced by the wide array of products that are available, such as books and magazines, clothing and accessories, crafts and gifts, food and drinks, and perfumes, all of which contribute to the revenue generated by in-flight shopping. However, a healthy market expansion is anticipated as a result of consumers' growing expectations for flyers to provide wholesome food. The Europe market for in-flight shopping is also anticipated to be stimulated by the major airline companies' increasing use of online platforms for booking a variety of consumer products.

 

Restraining Factors

Insufficient inventory control and product unavailability can hamper the growth of the in-flight shopping Europe market.

 

Market Segment

  • In 2023, the first-class segment accounted for the largest revenue share over the forecast period.

Based on the aircraft class, the Europe inflight shopping market is segmented into first class, business class, premium economy class, and economy class. Among these, the first-class segment has the largest revenue share over the forecast period. A recent trend toward integrating 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, with the first-class segment leading the market in terms of revenue.

 

  • In 2023, the accessories segment accounted for the largest revenue share over the forecast period.

On the basis of shopping type, the Europe inflight shopping market is segmented into travel essentials, accessories, beauty & care, children, and others. Among these, the accessories segment has the largest revenue share over the forecast period. With rising per capita expenditure, there has been an increase in upscale offerings at airports. Furthermore, the growing trend of luxury products ownership fuels the expansion of the in-flight retail industry.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Europe inflight shopping market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • The Emirates Group
  • Singapore Airlines Limited
  • Inmarsat plc
  • EasyJet Airline Company Limited
  • Swiss International Air Lines AG
  • Thomas Cook Airlines Ltd.
  • Lufthansa
  • AirAsia Group
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting and Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Market Segment

This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the Europe Inflight Shopping Market based on the below-mentioned segments:

 

Europe Inflight Shopping Market, By Aircraft Class

  • First Class
  • Business Class
  • Premium Economy Class
  • Economy Class

 

Europe Inflight Shopping Market, By Shopping Type

  • Travel Essentials
  • Accessories
  • Beauty & Care
  • Children
  • Others

 

Europe Inflight Shopping Market, By Country

  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe

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