Global In-Flight Online Shopping Market To Reach $ 825.3 Million By 2030: Allied Market Research
The increase in the number of international and domestic air passengers and the growth of the aviation industry have driven the growth of the global in-flight online shopping market. The North American market dominated in 2020, holding almost half of the market. The Covid-19 pandemic has severely affected the in-flight online shopping industry due to the ban on international travel during the first phase of the pandemic.
Portland, OR, November 23, 2021 (GLOBE NEWSWIRE) – According to the report published by Allied Market Research, the in-flight online shopping market generated $ 232.3 million in 2020 and is expected to reach $ 825.3 million by 2030, registering a CAGR of 12.8% from 2021 to 2030.
The increase in the number of international and domestic air passengers and the growth of the aviation industry have driven the growth of the global in-flight online shopping market. However, on-board retail chefs and in-flight personal chefs are hampering the growth of the market. On the contrary, government initiatives for sustainable growth of air connectivity are expected to create lucrative opportunities for market players in the future.
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The Covid-19 pandemic has severely affected the in-flight online shopping industry due to the ban on international travel during the first phase of the pandemic.
In addition, several international flights were canceled during the lockdown period. It affected the market.
The report segments the global in-flight online shopping market on the basis of aircraft class, flight type, purchase type, and region.
On the basis of aircraft class, the economy class segment is expected to exhibit the highest CAGR of 13.5% during the forecast period. However, the first-class segment held the largest share in 2020, contributing around two-fifths of the market.
Based on flight type, the low cost segment is expected to post the highest CAGR of 13.9% during the forecast period. However, the full-service segment held the lion’s share in 2020, accounting for over two-thirds of the market.
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The global in-flight online shopping market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The North American market dominated in 2020, holding almost half of the market. However, the market through LAMEA is expected to exhibit the highest CAGR of 15.6% during the forecast period.
Global In-Flight Online Shopping Market includes in-depth analysis of major market players such as Inmarsat plc, AirAsia Group, Lufthansa, Swiss International Air Lines AG, The Emirates Group, Singapore Airlines Limited, Thomas Cook Airlines Ltd, airfree, EasyJet Airline Company Limited and SKYdeals.
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Allied Market Research (AMR) is a full-service market research and business consulting arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of “market research reports” and “business intelligence solutions”. AMR has a focused vision to provide business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
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