Global 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 2024
Inflight Shopping Market Scenario
The use of smartphones for shopping has been increasing over the past few years. This has helped airlines to offer inflight shopping experience to the passengers. Airlines are providing inflight shopping to passengers for enhanced flight experience, and have partnered with e-commerce companies to carry out the logistics and inventory of the shipping orders. Presently, inflight shopping is primarily provided in international fleets. Initially, inflight cost of products and services were high; therefore, airlines started providing duty-free shopping in their fleet. This increased inflight shopping.
Based on region, the global inflight shopping market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
In 2018, North America dominated the global inflight shopping market. Factors such as technological advancements and high purchasing power are driving market growth in the region. The market in North America includes the US and Canada. The US is expected to account for a dominant share of the regional market during the forecast period. [e11][HD2] This is anticipated to boost the growth of the inflight shopping market in the region.
The European market is likely to offer lucrative growth opportunities during the forecast period. An in-depth analysis of the market in the UK, France, Italy, Germany, Russia, and the rest of Europe has been provided in this report. The UK accounted for the largest share of the inflight shopping market in 2018. The presence of market players such as Inmarsat plc Thomas Cook Airlines Ltd., and EasyJet Airline Company Limited is propelling market growth in the region.
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The market in Asia-Pacific is expected to exhibit the highest CAGR during the forecast period. An in-depth analysis of the market in China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific has been provided in this report. China accounted for a dominant share of the Asia-Pacific inflight shopping market in 2018. The availability of low-cost shipping services and increasing air traffic in China and India is propelling market growth in the region.
The market in the Middle East & Africa includes the UAE, Saudi Arabia, Israel, and the rest of the Middle East & Africa. The UAE is expected a key country for the market during the forecast period. Rising adoption of inflight shopping by the Emirates Group in the UAE is boosting market growth in the country.
The Latin American market includes Brazil and the rest of Latin America. Brazil is anticipated to constitute a dominant share of the market during the forecast period. Market growth in the country can be attributed to the growth in the adoption of inflight services.
The global inflight shopping market has also been segmented on the basis of aircraft class, carrier type, and shopping type.
Based on aircraft class, the market has been segmented into first class, business class, premium economy class, and economy class. The business class segment is expected to account for the largest share of the market in 2018 and expand at a register the highest CAGR from 2019 to 2024.
In terms of shopping type, the global inflight shopping market has been divided into travel essentials, accessories, beauty and care, children, and others. The travel essentials segment dominated the market in 2018 and is anticipated to exhibit the highest CAGR during the review period.
By carrier type, the market has been bifurcated into full service and low cost. The full service segment dominated the market in 2018 and is expected to register a higher CAGR during the forecast period.
The key players in the global inflight shopping market are 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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The global inflight shopping market is estimated to register a CAGR of nearly 7.63% during the forecast period.Market HighlightsInflight Shopping MarketInflight shopping is a service provided by the airline to the passengers.
The growth of the global inflight shopping market can be attributed to the increasing adoption of inflight connectivity and rising acceptance of e-commerce platforms by passengers in the flight.
The global market has been segmented based on aircraft class, carrier type, shopping type, and region.On the basis of aircraft class, the global inflight shopping market has been divided into first class, business class, premium economy class, and economy class.
The rising implementation of duty free inflight shopping service in business class by airlines and high demand for inflight shopping service by the passengers travelling by business class across the globe are driving the growth of the segment.Free sample report here: https://www.marketresearchfuture.com/sample_request/8272In terms of carrier type, the market has been bifurcated into full service and low cost.
The full service segment dominated the market in 2018 and is expected to register higher CAGR during the forecast period.
In full service aircraft, advanced facilities such as inflight entertainment is provided by the airlines for better travel experience.
Key PlayersThe key players in the global inflight shopping market are Inmarsat plc (UK), The Emirates Group (UAE), Lufthansa (Germany), AirAsia Group (Malaysia), Swiss International Air Lines AG (Switzerland), Thomas Cook Airlines Ltd. (UK), Singapore Airlines Limited (Singapore), and EasyJet Airline Company Limited (UK).Market HighlightsInflight shopping is a service provided by the airline to the passengers.
The growth of the global inflight shopping market can be attributed to the increasing adoption of inflight connectivity and rising acceptance of e-commerce platforms by passengers in the flight.
The rising implementation of duty free inflight shopping service in business class by airlines and high demand for inflight shopping service by the passengers travelling by business class across the globe are driving the growth of the segment.In terms of carrier type, the market has been bifurcated into full service and low cost.
The full service segment dominated the market in 2018 and is expected to register higher CAGR during the forecast period.
In full service aircraft, advanced facilities such as inflight entertainment is provided by the airlines for better travel experience.
Though the services offered by the airlines in the full service aircraft vary from country to country; however, airlines are focusing on providing better travelling experience to the passengers through inflight shopping services.By shopping type, the global inflight shopping market has been categorized as travel essentials, accessories, beauty and care, children, and others.
Global Inflight Advertising Market Information Report by Product (Inflight magazines, Display Systems, Baggage Tags, In-flight Apps, and Others (Overhead Bins, Seatback Tray Tables, Boarding Passes, and Aircraft Wrap)), by Aircraft Type (Business Aircraft and Passenger Aircraft) and by Regions (North America, Europe, Asia Pacific, Middle East and Africa, and South America) - Global Forecast To 2023Market Scenario:In-flight advertising entails advertising through in-flight magazines, overhead storage bins, and setback tray tables, and sales pitches by flight attendants.
In the in-flight advertising market, digital media advertising is expected to comparatively render traditional in-flight advertising techniques obsolete.
With airlines and in-flight advertising firm trying to bring the same concept to the aircraft cabins, and float original in-flight advertising content towards individuals tailor made based on their personal taste.As the in-flight advertising market is shifting towards aggressive targeted advertising through Wi-Fi connectivity, e-commerce platform and live TV services, the existing airline hardware is set to become obsolete to a certain extent.
Betting on additional revenue through new techniques of advertising might not be as fruitful for airlines if the hardware required for additional revenue needs to be changed every other day.Regional Analysis:Asia, an emerging region in the long-haul international market, relies heavily on the small and medium widebody aircraft.
As a result, a number of such airlines have been entering into service recently, such as Indigo, Tigerair Singapore, Tigerair Australia, and Air Asia, which provides lucrative opportunities to in-flight advertising firms in this region.
Existence of in-flight advertising firms such as Atin OOH and Maxposure Media Group have also aided the growth of the market in this region.
