Shopping Tourism Market, By Product Type, By End User, By Purpose of Trip, By Geography

Description

The Global Shopping Tourism Market is estimated to be valued at USD 267.21 Bn in 2024 and is expected to reach USD 497.97 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 9.3% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 267.21 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	9.30%	2031 Value Projection:	US$ 497.97 Bn

Figure. Shopping Tourism Market Share (%), By Region 2024

The global shopping tourism market has been witnessing steady growth over the past few years. Shopping tourism refers to the activity of traveling to purchase goods and avail shopping experiences. Increased globalization and rising disposable incomes have boosted international travel for shopping purposes. Consumers are exploring new destinations not just for leisure and sightseeing but also for availing attractive offers and unique products available abroad. Popular shopping destinations include countries like the U.S., U.K., Italy, France, UAE, and Japan. Ease of travel, foreign exchange rates, and duty-free concessions have further propelled the growth of shopping tourism worldwide.

Market Dynamics:

Key drivers boosting the global shopping tourism market include rising international tourism, improving standards of living, and social media influence. Additionally, growing wages and spending power of consumers, especially in emerging economies are fueling overseas shopping. Social networking platforms have also played a pivotal role in promoting unique products and experiences abroad, luring more shoppers. However, volatility in currency exchange rates and import duties remain longstanding challenges for cross-border shoppers. Also, the outbreak of COVID-19 pandemic severely impacted international travel and shopping tourism in 2020. However, recovery is underway post containment of the virus.

Key Features of the Study:

This report provides in-depth analysis of the global shopping tourism market and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global shopping tourism market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Japan Deluxe Tours, Trafalgar Tours, EF Educational Tours, The Shopping Sherpa, Luxury Escapes, Costco Travel, AAA Vacations, Travel + Leisure, Context Travel, Intrepid Travel, Tauck Tours, Backroads, Country Walkers, G Adventures, World Expeditions, AdventureSmith Explorations, Esquire Travel, and Abercrombie & Kent
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global shopping tourism market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global shopping tourism market.

Detailed Segmentation-

By Product Type:
- Fashion & Accessories
- Beauty & Cosmetics
- Electronics
- Food & Beverage
- Others
By End User:
- Men
- Women
- Others
By Purpose of Trip:
- Leisure
- Medical
- Business
- Education
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Japan Deluxe Tours
- Trafalgar Tours
- EF Educational Tours
- The Shopping Sherpa
- Luxury Escapes
- Costco Travel
- AAA Vacations
- Travel + Leisure
- Context Travel
- Intrepid Travel
- Tauck Tours
- Backroads
- Country Walkers
- G Adventures
- World Expeditions
- AdventureSmith Explorations
- Esquire Travel
- Abercrombie & Kent

Product Code: CMI6968

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By End User
- Market Snippet, By Purpose of Trip
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
PEST Analysis
PORTER's Five Forces Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trend

4. Global Shopping Tourism Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Shopping Tourism Market - COVID-19
Impact Analysis

5. Global Shopping Tourism Market, By Product Type, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Fashion & Accessories
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Beauty & Cosmetics
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Electronics
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Food & Beverage
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

6. Global Shopping Tourism Market, By End User, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Men
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Women
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

7. Global Shopping Tourism Market, By Purpose of Trip, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Leisure
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Medical
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Business
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Education
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

8. Global Shopping Tourism Market, By Region, 2019-2031 (US$ BN)

Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By End User, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Purpose of Trip, 2019- 2031 (US$ Bn)
- Countries
  - U.S.
  - Canada
  - Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By End User, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Purpose of Trip, 2019- 2031 (US$ Bn)
- Countries
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
  - Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By End User, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Purpose of Trip, 2019- 2031 (US$ Bn)
- Countries
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
  - Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By End User, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Purpose of Trip, 2019- 2031 (US$ Bn)
- Countries
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
  - Middle East & Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2019 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By End User, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Purpose of Trip, 2019- 2031 (US$ Bn)
- Sub-regions/Countries
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

9. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- Japan Deluxe Tours
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Trafalgar Tours
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- EF Educational Tours
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- The Shopping Sherpa
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Luxury Escapes
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Costco Travel
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- AAA Vacations
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Travel + Leisure
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Context Travel
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Intrepid Travel
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Tauck Tours
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Backroads
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Country Walkers
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- G Adventures
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- World Expeditions
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- AdventureSmith Explorations
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Esquire Travel
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Abercrombie & Kent
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates

10. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. Section

References
Research Methodology
About Us and Sales Contact
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