Gift Cards Market: Industry Share, Trend, Leading Players, Competition, CAGR, Demand, and Outlook 2031
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According to the projection, the global gift cards market is expected to grow significantly in the coming years. It is estimated to reach US$ 643,150 million by 2028, compared to an estimated US$ 440,030 million in 2022. This represents a compound annual growth rate (CAGR) of 6.5% during the period between 2023 and 2028.
Global "Gift Cards Market" Report 2023 to 2031 contains many aspects that would accelerate the market's expansion with Full TOC, Tables and Figures, and Chart with Key Analysis, Pre and Post COVID-19 Market Outbreak Impact Analysis and Situation by Regions. The report offers valuable insights into key manufacturers like (Amazon, ITunes, Walmart, Google Play, Starbucks, Home Depot, Walgreens, Sephora, Lowes, Carrefour, JD, Best Buy, Sainsbury's, Macy's, Virgin, IKEA, H&M, Zara, AL-FUTTAIM ACE, JCB Gift Card).112 Pages Report,?Ask for a Sample Report
Overview and Forecast Scenarios "Gift Cards Market" to 2031
A gift card (also known as gift certificate in North America, or gift voucher or gift token in the UK) is a prepaid stored-value money card usually issued by a retailer or bank to be used as an alternative to cash for purchases within a particular store or related businesses. Gift cards are also given out by retailers and marketers as part of a promotion strategy, to entice the recipient to come in or return to the store, and at times such cards are called cash cards. Gift cards are generally redeemable only for purchases at the relevant retail premises and cannot be cashed out, and in some situations may be subject to an expiry date or fees.
Highlights
The global Gift Cards market is projected to reach US$ 643150 million by 2028 from an estimated US$ 440030 million in 2022, at a CAGR of 6.5% during 2023 and 2028.
The main players of gift card industry are located in the United States, Europe, China and Japan. Amazon accounting for nearly 7% of the market share.The top 5 companies hold a share about 20%.In terms of product, acrylic binder is the largest segment, with a share over 65%. And in terms of application, the largest application is universal accepted open loop, followed by retail closed loop.
The market research report on Gift Cardss provides a comprehensive view of the competitive landscape in the global market. The research includes a visual representation of major?organizations, showcasing their?effective marketing strategies, market contribution, and recent advancements. It also presents the market share analysis by type (Universal Accepted Open Loop, E-Gifting, Restaurant Closed Loop, Retail Closed Loop, Miscellaneous Closed Loop) and application (Restaurant, Retail, Coffee Shop, Entertainment, Others) in both historical and current contexts. The report thoroughly analyzes the global and regional markets, offering a detailed assessment of the overall growth potential and future forecast. It includes exclusive and essential statistics, data, information, and trends.
TOP COMPANIES/MANUFACTURERS Dominating the Global Gift Cards Market are listed below:
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The gift cards market has been experiencing steady growth due to several factors. Gift cards offer a convenient gifting solution and are widely accepted by various retailers and businesses worldwide. They provide flexibility to recipients, allowing them to choose products or services according to their preferences. Additionally, gift cards are popular for special occasions, holidays, and corporate gifting, contributing to their increased demand.
The projected growth of the gift cards market can be attributed to several drivers. Firstly, the expanding e-commerce sector has boosted the demand for digital gift cards. With the rise in online shopping and the convenience of electronic transactions, digital gift cards have gained popularity among consumers.
Secondly, the increasing adoption of mobile payment technologies has further facilitated the use of gift cards. Mobile wallets and apps make it easier for consumers to store, manage, and redeem their gift cards, enhancing the overall user experience.
Furthermore, the globalization of retail and the growing trend of cross-border e-commerce have contributed to the growth of the gift cards market. As more retailers expand their operations globally, the acceptance and redemption of gift cards across borders have become more widespread.
It's important to note that these market projections are subject to various factors, including economic conditions, consumer behavior, technological advancements, and regulatory changes. Therefore, it is advisable to refer to industry reports, market research firms, or experts specializing in the gift cards market for the most accurate and up-to-date forecasts.
Gift Cards Market Product Insights:
Based on the Gift Cards market development status, competitive landscape and development model in different regions of the world, this report is dedicated to providing niche markets, potential risks and comprehensive competitive strategy analysis in different fields. From the competitive advantages of different types of products and services, the development opportunities and consumption characteristics and structure analysis of the downstream application fields are all analysed in detail. To Boost Growth during the epidemic era, this report analyses in detail for the potential risks and opportunities which can be focused on.
Based on TYPE, the Gift Cards market from 2023 to 2031 is primarily split into:
Based on applications, the Gift Cards market from 2023 to 2031 covers:
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Regional Insights:?
Here is the list of regions covered: North America: United States, Canada, Europe: GermanyFrance, U.K., Italy, Russia,Asia-Pacific: China, Japan, South, India, Australia, China, Indonesia, Thailand, Malaysia, Latin America:Mexico, Brazil, Argentina, Colombia, Middle East & Africa:Turkey, Saudi, Arabia, UAE, Korea.
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Key offerings from the Global Gift Cards Market Report:
Market Size Estimates:?Gift Cards market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics:?Gift Cards market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict:?Influence of global inflation and Russia & Ukraine War on the Gift Cards market
Segment Market Analysis:?Gift Cards market value and sales volume by type and by application from 2018-2028
Regional Market Analysis:?Gift Cards market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Gift Cards Market: Revenue and sales volume of major countries in each region
Gift Cards Market Competitive Landscape and Major Players:?Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow:?Import and export volume of the Gift Cards market in major regions.
Gift Cards Industry Value Chain:?Gift Cards market raw materials & suppliers, manufacturing process, distributors, downstream customers
Gift Cards Industry News, Policies & Regulations
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