Market Overview:
The global gift cards market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for gift cards as a mode of gifting and the growing trend of e-gifting. In terms of type, the universal accepted open loop segment is expected to hold the largest share in the global gift cards market during the forecast period. This can be attributed to their ease of use and acceptance across different channels such as restaurants, department stores, coffee shops, etc. In terms of application, restaurants are expected to hold the largest share in terms of revenue in 2018 and this trend is projected to continue duringthe forecast period.
Product Definition:
A gift card is a prepaid stored-value card redeemable for goods or services at designated merchants. The importance of gift cards is that they simplify the process of giving and receiving gifts.
Universal Accepted Open Loop:
U.A.L is an open-loop payment technology that enables retailers to accept payments from a cardholder without the need for entering billing information or shipping address. The use of U.A.
E-Gifting:
E-gifting is the act of transferring electronically a gift or a present. The receiver can either choose to accept or decline the gift. E-gifting has gained popularity in recent years and is expected to grow at a significant rate over the forecast period. This growth can be attributed to several factors such as ease of convenience, increasing internet penetration, and growing tech-savvy population across various regions.
The major drivers for eGifting are increased internet penetration.
Application Insights:
The restaurant segment accounted for more than 50.0% share of the global revenue in 2017 and is expected to witness significant growth over the forecast period. The increasing number of restaurants, cafĩ and food joints across the globe is one of the major factors driving this segment. Moreover, a rise in e-commerce has led to an increase in online food ordering which has further propelled demand for gift cards at restaurants globally.
The Deportment store segment was valued at USD 2,176 million in 2017 owing to high usage among women aged 18-24 years as deportment stores are considered fashionable among this demographic group due to its clothing brands preferences along with their interest towards fashion trends and designs offered by different stores globally through social media platforms such as YouTube & Instagram which drives impulse buying behavior resulting into increased sales from apparel retailers worldwide which eventually benefits market growth overall.
Regional Analysis:
North America dominated the global gift cards market in 2017. The region is expected to continue its dominance over the forecast period as well, owing to increasing online and mobile transactions. Furthermore, higher disposable income of consumers in countries such as U.S., Canada and Mexico are driving demand for luxury goods and services which will further drive growth of this industry over the next eight years.
Growth Factors:
- Increasing urbanization and disposable income: The global population is increasingly moving towards cities, where the standard of living is higher. This has led to an increase in discretionary spending, which gift cards cater to. Additionally, rising incomes have resulted in more people being able to afford gift cards.
- Proliferation of digital channels: With the advent of smartphones and other digital technologies, there has been a proliferation of digital channels for buying and redeeming gift cards. This has made it easier for consumers to purchase and use gift cards conveniently.
- Increased demand from retailers: Retailers are realizing the benefits of offering gift cards as they can attract new customers as well as increase customer loyalty and spending levels among existing customers. In addition, retailers can also generate additional revenue through fees associated with issuing and redeeming gift cards.
- . Growing popularity among millennials: Millennials account for a large share of the global population and they are increasingly preferring Gift Cards over other forms of gifts due to their convenience and flexibility They also tend to spend more than older generations on Gift Cards .This presents a significant growth opportunity for the Gift Cards market . 5) Technological advancements : Advancements in technology such as mobile payments have made it easier for consumers to make payments using Gift Cards , thereby increasing their adoption
Scope Of The Report
Report Attributes
Report Details
Report Title
Gift Cards Market Research Report
By Type
Universal Accepted Open Loop, E-Gifting, Restaurant Closed Loop, Retail Closed Loop, Miscellaneous Closed Loop
By Application
Restaurant, Deportment Store, Coffee Shop, Entertainment (Movie, Music), Others
By Companies
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
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
199
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Gift Cards Market Report Segments:
The global Gift Cards market is segmented on the basis of:
Types
Universal Accepted Open Loop, E-Gifting, Restaurant Closed Loop, Retail Closed Loop, Miscellaneous Closed Loop
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Restaurant, Deportment Store, Coffee Shop, Entertainment (Movie, Music), Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report 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
- AL-FUTTAIM ACE
- JCB Gift Card
Highlights of The Gift Cards Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Universal Accepted Open Loop
- E-Gifting
- Restaurant Closed Loop
- Retail Closed Loop
- Miscellaneous Closed Loop
- By Application:
- Restaurant
- Deportment Store
- Coffee Shop
- Entertainment (Movie, Music)
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Gift Cards Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Gift cards are a type of prepaid card that can be used to purchase goods and services at participating businesses. Gift cards come in various denominations, including $10, $25, and $50.
Some of the key players operating in the gift cards market 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, AL-FUTTAIM ACE, JCB Gift Card.
The gift cards market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Gift Cards Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Gift Cards Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Gift Cards Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Gift Cards Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Gift Cards Market Size & Forecast, 2020-2028
4.5.1 Gift Cards Market Size and Y-o-Y Growth
4.5.2 Gift Cards Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Universal Accepted Open Loop
5.2.2 E-Gifting
5.2.3 Restaurant Closed Loop
5.2.4 Retail Closed Loop
5.2.5 Miscellaneous Closed Loop
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Restaurant
6.2.2 Deportment Store
6.2.3 Coffee Shop
6.2.4 Entertainment (Movie
6.2.5 Music)
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Gift Cards Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Gift Cards Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Universal Accepted Open Loop
9.6.2 E-Gifting
9.6.3 Restaurant Closed Loop
9.6.4 Retail Closed Loop
9.6.5 Miscellaneous Closed Loop
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Restaurant
9.10.2 Deportment Store
9.10.3 Coffee Shop
9.10.4 Entertainment (Movie
9.10.5 Music)
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Universal Accepted Open Loop
10.6.2 E-Gifting
10.6.3 Restaurant Closed Loop
10.6.4 Retail Closed Loop
10.6.5 Miscellaneous Closed Loop
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Restaurant
10.10.2 Deportment Store
10.10.3 Coffee Shop
10.10.4 Entertainment (Movie
10.10.5 Music)
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Universal Accepted Open Loop
11.6.2 E-Gifting
11.6.3 Restaurant Closed Loop
11.6.4 Retail Closed Loop
11.6.5 Miscellaneous Closed Loop
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Restaurant
11.10.2 Deportment Store
11.10.3 Coffee Shop
11.10.4 Entertainment (Movie
11.10.5 Music)
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Universal Accepted Open Loop
12.6.2 E-Gifting
12.6.3 Restaurant Closed Loop
12.6.4 Retail Closed Loop
12.6.5 Miscellaneous Closed Loop
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Restaurant
12.10.2 Deportment Store
12.10.3 Coffee Shop
12.10.4 Entertainment (Movie
12.10.5 Music)
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Universal Accepted Open Loop
13.6.2 E-Gifting
13.6.3 Restaurant Closed Loop
13.6.4 Retail Closed Loop
13.6.5 Miscellaneous Closed Loop
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Restaurant
13.10.2 Deportment Store
13.10.3 Coffee Shop
13.10.4 Entertainment (Movie
13.10.5 Music)
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Gift Cards Market: Competitive Dashboard
14.2 Global Gift Cards Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Amazon
14.3.2 ITunes
14.3.3 Walmart
14.3.4 Google Play
14.3.5 Starbucks
14.3.6 Home Depot
14.3.7 Walgreens
14.3.8 Sephora
14.3.9 Lowes
14.3.10 Carrefour
14.3.11 JD
14.3.12 Best Buy
14.3.13 Sainsbury's
14.3.14 Macy's
14.3.15 Virgin
14.3.16 IKEA
14.3.17 H&M
14.3.18 Zara
14.3.19 AL-FUTTAIM ACE
14.3.20 JCB Gift Card
