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United Kingdom Gift Card and Incentive Card Markets, 2015-2019 & 2020-2024

Research and Markets

Dublin, Sept. 16, 2020 (GLOBE NEWSWIRE) -- The "United Kingdom Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) - Market Size and Forecast (2015-2024) - Covid-19 Update Q2 2020" report has been added to ResearchAndMarkets.com's offering.

In value terms, the gift card market in the United Kingdom has recorded a CAGR of 12.8% during 2015-2019.The gift card industry in the United Kingdom will continue to grow over the forecast period and is expected to record a CAGR of 10.0% during 2020-2024. Gift card market in the country will increase from US$ 8,034.2 million in 2019 to reach US$ 11,285.8 million by 2024.

Gift card market in the UK has witnessed steady growth in recent years. However, over the next 4 quarters, growth is expected to remain subdued due to Covid-19 outbreak's socio-economic impact. Adoption of digital gift card has already witnessed strong growth in Q2 2020. Interestingly, percentage of consumers who now prefer gift card (vs those buying because of convenience) has gone up as well. According to the Global Gift Card Q2 2020 Survey, open loop gift card segment is further expected to gain market share in 2020 and over the forecast period. Self-use segment is also expected to gain share, driving adoption of digital gift card (e-gift card).

Companies are capitalizing on the gift card popularity by bringing in innovative options. For instance, Mastercard introduced Europe's first fully digital gift card in December 2019 , in association with Appreciate Group and CleverCards. This mobile-enabled and fully digital card helps reduce the postage fees, distribution, and production costs by enabling the consumers to send their e-gift cards instantly using email or text apps.

Corporate spending is another factor that is contributing to the growth of the gift card market. As companies are making use of physical and digital gift cards to offer rewards and incentives to their employees, business-to-business gift card sales have increased. The businesses also benefit from using the e-gift card options as they get bulk percentage discounts and eliminate the need of asking bank account details.

This report provides a detailed data centric analysis of gift cards and corporate incentive cards market along with consumer behaviour and retail spend dynamics in United Kingdom. With over 200 KPIs at country level, this report provides comprehensive understanding of gift and incentive card market dynamics.

Scope

Total Spend on Gifts in United Kingdom

  • By Consumer Segment (Retail and Corporate)

  • By Product Categories (13 Segments)

  • By Retail Sectors (7 Segments)

Gift Card Market Size by KPIs across Consumer Segments in United Kingdom

  • Gross Load Value

  • Transaction Value

  • Unused Value

  • Average Value Per Transaction

  • Transaction Volume

  • Average Value of Card Purchased

  • Number of Cards

Gift Card Market Size by Consumer Segment in United Kingdom

  • Retail Consumer

  • Corporate Consumer (Small Scale, Mid-Tier, Large Enterprise)

Digital Gift Card Market Size in United Kingdom

  • By Retail Consumer

  • By Retail Purchase Occasion

  • By Corporate Consumer

  • By Corporate Purchase Occasion

  • By Company Size

Gift Card Market Size by Retail Consumer in United Kingdom

  • By Functional Attribute

  • By Occasion

  • Festivals & Special Celebration Days

  • Milestone Celebration

  • Self-Use

  • Other

  • Value by Purchase Channel

Gift Card Spend by Consumer Behavior and Demographics in United Kingdom

  • Consumer Purchase Behaviour

  • Gift Card Buyer by Age Group

  • Gift Card Buyer by Income Level

  • Gift Card Buyer by Gender

Gift Card Market Size by Corporate Consumer in United Kingdom

  • By Functional Attribute

  • By Occasion

  • Employee Incentive

  • Sales Incentive

  • Consumer Incentive

  • By Scale of Business

  • Budget Allocation Trend for 2020

Gift Spend by Product Categories (Split by Retail and Corporate Consumers) in United Kingdom

  • Food & Beverage

  • Health, Wellness & Beauty

  • Apparel, Footwear & Accessories

  • Books & Media Products

  • Consumer Electronics

  • Restaurants & Bars

  • Toys, Kids, and Babies

  • Jewelry

  • Sporting Goods

  • Home & Kitchen Accessories & Appliances

  • Travel

  • Entertainment & Gaming

  • Other

Gift Card Spend by Retail Sector (Split by Retail and Corporate Consumers) in United Kingdom

  • Ecommerce & Department Stores

  • Restaurants & Bars

  • Supermarket, Hypermarket, Convenience Store

  • Entertainment & Gaming

  • Specialty Stores

  • Health & Wellness

  • Travel

Gift Card Spend by Distribution Channel (Split by Retail and Corporate Consumers) in United Kingdom

  • Gift Card Online Sales

  • Gift Card Offline Sales

  • 1st Party Sales

  • 3rd Party Sales

  • Sales Uplift

Closed Loop Gift Card Market Share by Key Retailers. Key Retailers Covered Include:

  • Tesco Plc

  • Associated British Foods Plc

  • Next Plc

  • J Sainsbury Plc

  • Wal-Mart Stores Inc

  • TJX Cos Inc, The

  • Wm Morrison Supermakets Plc

  • Amazon.com Inc

  • Matalan Ltd

  • New Look Group Plc

  • Arcadia Group Ltd

  • John Lewis Partnership Plc

  • Marks & Spencer Plc

  • H&M Hennes & Mauritz AB

  • Co-operative Group Ltd, The

  • Walgreens Boots Alliance Inc

  • Home Retail Group

  • C&J Clark International Ltd

  • Edinburgh Woollen Mill

For more information about this report visit https://www.researchandmarkets.com/r/mxq2xc

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

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