Global Gift Cards Strategic Business Report 2023: Market to Reach $2.3 Trillion by 2030 - Gift-Giving Etiquette Ingrained Into Our Culture Provides the Cornerstone for the Growth
Gift Cards Market
Dublin, Dec. 05, 2023 (GLOBE NEWSWIRE) -- The "Gift Cards - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Gift Cards Market to Reach $2.3 Trillion by 2030
The global market for Gift Cards estimated at US$899.3 Billion in the year 2022, is projected to reach a revised size of US$2.3 Trillion by 2030, growing at a CAGR of 12.3% over the analysis period 2022-2030. Retail Closed Loop, one of the segments analyzed in the report, is projected to record 12.6% CAGR and reach US$585.7 Billion by the end of the analysis period. Growth in the Restaurant Closed Loop segment is estimated at 11% CAGR for the next 8-year period.
The U.S. Market is Estimated at $339.5 Billion, While China is Forecast to Grow at 16.2% CAGR
The Gift Cards market in the U.S. is estimated at US$339.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$282.7 Billion by the year 2030 trailing a CAGR of 16.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.1% and 12.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 11.2% CAGR.
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 | 2022 - 2030 |
Estimated Market Value (USD) in 2022 | $899.3 Billion |
Forecasted Market Value (USD) by 2030 | $2300 Billion |
Compound Annual Growth Rate | 12.5% |
Regions Covered | Global |
MARKET OVERVIEW
Gift Cards - Global Key Competitors Percentage Market Share in 2022 (E)
Gift Cards Competitor Market Share Scenario Worldwide (in %): 2020E
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Gift-Giving Etiquette Ingrained Into Our Culture Provides the Cornerstone for the Growth of the Gift Card Industry
The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed in 2021?
These are Times When Questions Abound & Answers Are Few
So How Fast Or Slow Are We Moving?
How Fast the World is Vaccinated Will Determine How Soon the Pandemic Will End: Global Percentage (%) of Population Administered With Vaccines in Advanced Economies, Emerging Markets, and Low-Income Countries As of July 2021
How & When Will the World Be Vaccinated? Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
Split Scenarios Unfold: The Great Vaccine Divide Emerges
Time is of Essence! What We Know So Far - "Vaccine Efficiency Against New Strains is Decreasing"
Progress on Vaccinations, Why Should Businesses Care?
With IMF's Upward Revision of Global GDP Forecasts for 2021, Most Companies Are Bullish About an Economic Comeback Despite a Continuing Pandemic
A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants, Comes as a Relief for Suffering Industries & Markets: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
Easing Unemployment Levels in 2021 Although Moderate Will Infuse Hope for Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2017, 2019, 2020, and 2022
How the Retail & Restaurant Industries Are Impacted by the Pandemic & What's the New Normal?
Global Department Stores Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
Recent Market Activity
Innovations
World Brands
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
Global B2C E-Commerce Sales in US$ Trillion for the Years 2017, 2019, 2021 and 2023
Retail M-Commerce Sales as % of Retail E-commerce Sales Worldwide for the Years 2016, 2018, 2020 & 2022
Pandemic Fast Forwards eCommerce 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: Global Loyalty Management Market (In US$ Million) for Years 2021, 2023 and 2025
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: Global Market for Coffee Shops (In US$ Billion) for Years 2021, 2023, 2025 and 2027
E-Gifting Rises in Prominence. Here's Why
Widespread Adoption of Smartphones Accelerates the Concept of e-Gift Cards
Global Smartphone Shipments in Million Units: 2016-2021
Growing Smartphones Addiction Implies Retailers Can Lose No Time in Developing a Strong e-Gifting Strategy: Time Spent on Non Voice Activities on Smartphones by Users in the United States for Years 2019 through 2024
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
For more information about this report visit https://www.researchandmarkets.com/r/wp5if3
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