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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