The Global Gift Cards Market research provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The market report also calculate the market size, the report considers the revenue generated from the sales of this report and technologies by various application segments. The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, current trends of the past and present times, supervisory scenario & technological growth.
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.
According to this study, over the next five years the Gift Cards market will register a 6.0% CAGR in terms of revenue, the global market size will reach US$ 451400 million by 2024, from US$ 337600 million in 2019.
There is an increasing demand for gift cards in the corporate sector across the globe. Companies are offering incentives to employees in the form of gift cards to recognize employees contributions and achievements. Approximately 25% to 35% of a merchants gift card Value is driven by B2B sales of gift cards. A growing adoption of gift cards in the corporate sector is one of the primary drivers pushing the global gift card market. Gift cards are gaining more popularity as compared to gift vouchers owing to several benefits offered by these cards. Gift cards can be used more than once owing to the partial redemption option, wherein the remaining balance can be carried over for future purchases.
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Top Leading Companies are Amazon, ITunes, Walmart, Google Play, Starbucks, Home Depot, Walgreens, Sephora, Lowes, Carrefour, JD, Best Buy, Sainsbury’s, Macy’s, Virgin, IKEA, H&M�, Zara, JCB Gift Card, AL-FUTTAIM ACE and others.
The leading players of Gift Cards industry, their market share, product portfolio, company profiles are covered in this report. The leading market players are analyzed on the basis of production volume, gross margin, market value, and price structure. The competitive market scenario among Gift Cards players will help the industry aspirants in planning their strategies. The statistics offered in this report will be precise and useful guide to shape the business growth.
Global Gift Cards Market Split by Product Type and Applications:
This report segments the global Gift Cards market on the basis of Types are:
Universal Accepted Open Loop
Restaurant Closed Loop
Retail Closed Loop
Miscellaneous Closed Loop
On the basis of Application, the Global Gift Cards market is segmented into:
Entertainment (Movie, Music)
Based on regions, the market is classified into Americas, United States, Canada, Mexico, Brazil, APAC, China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK, Italy, Russia, Spain, Middle East & Africa, Egypt, South Africa, Israel, Turkey, GCC Countries. The study will provide detailed qualitative and quantitative information on the above mentioned segments for every region and country covered under the scope of the study.
The key insights of the Gift Cards Market report:
- The report provides key statistics on the market status of the Gift Cards market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
- The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
- The Gift Cards market report presents the company profile, product specifications, capacity, production value, and 2014-2018 market shares for key vendors.
- The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
- The report estimates 2019-2024 market development trends of Gift Cards Market.
- Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out.
- The report makes some important proposals for a new project of Gift Cards Industry before evaluating its feasibility.
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