Dublin, July 23, 2024 (GLOBE NEWSWIRE) -- The "Gift Cards - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Gift Cards is estimated at US$995.7 Billion in 2023 and is projected to reach US$2.3 Trillion by 2030, growing at a CAGR of 12.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the gift card market is driven by several factors including technological advancements, strategic marketing by retailers, and shifts in consumer purchasing behavior. Technologically, the integration of gift cards with mobile wallets and apps has made them more accessible and convenient, fostering greater adoption among tech-savvy consumers. On the marketing front, retailers are strategically leveraging gift cards to enhance brand visibility and boost upfront revenue, with promotional activities often leading to purchases exceeding the card's value.
Consumer behavior has also significantly influenced market growth; particularly, the preference for cashless transactions and the appeal of cashback and discount offers linked to gift card purchases. During economic uncertainties, consumers tend to prefer gift cards as they offer a way to control spending while still enjoying retail experiences. As a result, the market is seeing robust growth, fueled by a combination of convenience, technological integration, and strategic consumer engagement practices.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Retail Closed Loop Gift Cards segment, which is expected to reach US$585.7 Billion by 2030 with a CAGR of a 12.8%. The Restaurant Closed Loop Gift Cards segment is also set to grow at 11.2% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $372.7 Billion in 2023, and China, forecasted to grow at an impressive 16.3% CAGR to reach $282.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Gift Cards Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Gift Cards Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Gift Cards Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Ace Hardware Corporation, American Express Company, Banana Republic, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 218 Featured):
- Ace Hardware Corporation
- American Express Company
- Banana Republic
- Bed Bath & Beyond, Inc.
- Bloomingdale's
- Alyce
- Ackroo Canada Inc.
- Card One International, Inc.
- 360insights
- Bankers Trust
- Bangalore Online Mall Inc.
- Appstar Financial
- Card Depot Inc.
- Altijddebestewijn.nl
- BentoBox
Key Attributes
| Report Attribute | Details |
| No. of Pages | 529 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $995.7 Billion |
| Forecasted Market Value (USD) by 2030 | $2.3 Trillion |
| Compound Annual Growth Rate | 12.5% |
| Regions Covered | Global |
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Gift Cards - Global Key Competitors Percentage Market Share in 2024 (E)
- Gift Cards Competitor Market Share Scenario Worldwide (in %): 2020E
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Gift-Giving Etiquette Ingrained Into Our Culture Provides the Cornerstone for the Growth of the Gift Card Industry
- Global Economic Outlook
- Recent Market Activity
- Innovations
- World Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Wedding Gift Cards to Witness Steady Growth Supported by Marriageable Millennials
- Robust Rise of e-Commerce & m-Commerce to Support Market Growth
- Growing Emphasis on Loyalty Management Programs Bodes Well for Inclusion of Gift Cards
- Global Opportunity for Loyalty Management Translates Into Increased Potential for Reaching Out With Gift Cards
- Coffee Gift Cards as Top Marketing Tools to Benefit From the Healthy Outlook for Coffee Shops
- Growing Market for Coffee Shops to Expand the Addressable Market Opportunity for Coffee Gift Cards
- E-Gifting Rises in Prominence - Here's Why
- Widespread Adoption of Smartphones Accelerates the Concept of e-Gift Cards
- Growing Smartphones Addiction Implies Retailers Can Lose No Time in Developing a Strong e-Gifting Strategy
- Rising Demand for Personalized Gift Cards as More Consumers Appreciate Personalization
- Growing Focus on Employee Rewards & Recognition to Spur Demand for Gift Cards
- Gift Cards Emerge as a Popular Marketing Strategy for Restaurants
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/32zwnn
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