Market Overview:
The global gift certificate card market is expected to grow at a CAGR of 9.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for gift certificates cards as a mode of gifting by consumers across the globe. Additionally, the growing trend of e-gifting is also contributing significantly to the growth of this market. On the basis of type, the global gift certificate card market can be segmented into universal accepted open loop, e-gifting, restaurant closed loop, retail closed loop and miscellaneous closed loop. Among these segments, universal accepted open loops are expected to account for a major share in terms of revenue in 2018 and beyond owing to their high acceptance among consumers globally. On the basis of application, restaurants are anticipated to hold a dominant position in terms of revenue contribution throughout the forecast period followed by department stores and coffee shops respectively.
Product Definition:
A gift certificate card is a physical or digital voucher that represents a monetary value which can be used to purchase goods or services from the issuing merchant. The purpose of a gift certificate card is to provide an incentive for customers to spend money at the issuing merchant.
Universal Accepted Open Loop:
U.A.L is an open-loop payment technology that enables retailers to accept payments from any mobile or web wallet and convert them into digital currency, which can be used to purchase goods online. It also helps in reducing the cost of accepting different types of digital currencies as compared to traditional money; this makes it a popular choice among retailers who are looking forward to adopting e-commerce trends in their business models.
E-Gifting:
E-gifting is the act of transferring digital files, such as e-books or music, from one person to another via the internet. The receiver of the gift can then download and install them on their computer or device. E-gifting has several benefits over physical gifting; it's more convenient for the giver and receiver alike.
Application Insights:
The restaurant segment accounted for the largest revenue share of more than 40% in 2017. The global gift certificate card market is expected to witness significant growth over the coming years owing to increasing adoption of these cards at restaurants, pubs and other eateries. These cards are widely used as a promotional tool by restaurants to attract customers and increase their footfall. In addition, these cards help restaurants maintain a good relationship with their past customers by offering them discounts on future visits.
Restaurant owners can use this closed loop system as an alternative method for promoting their business without using expensive printed advertisements or radio or TV spots which can be costly and time-consuming.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a significant growth rate of over 6% from 2018 to 2030. This can be attributed to increasing online and offline gifting in the region. Furthermore, growing adoption of digital gift cards is also expected to drive demand for these cards in North America during the forecast period.
Asia Pacific is anticipated to emerge as the fastest-growing regional market with a CAGR exceeding 7% during the forecast period owing to rapid urbanization and rising disposable income levels among people across countries such as China, India, Japan, South Korea and Taiwan among others.
Growth Factors:
- Increasing disposable income of consumers: The growth in the gift certificate card market is majorly attributed to the increasing disposable income of consumers. This is because with an increase in disposable income, there is a rise in purchasing power, which leads to an increase in demand for gift certificates.
- Proliferation of online retailing: Another key growth driver for the gift certificate card market is the proliferation of online retailing. With more and more people preferring to shop online, retailers are offering gift certificates as a form of payment option on their websites and apps. This has led to an increase in demand for these cards and hence, growth in the market size.
- Rising trend of experiential gifting: A third factor driving growth in the gift certificate card market is the rising trend of experiential gifting. Consumers are now increasingly looking for unique experiences rather than just material gifts and this has led to a surge in demand for Gift Certificate Cards that can be used at various restaurants, spas, etcetera .
Scope Of The Report
Report Attributes
Report Details
Report Title
Gift Certificate Card 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)
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, JCB Gift Card, AL-FUTTAIM ACE
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
175
Number of Tables & Figures
123
Customization Available
Yes, the report can be customized as per your need.
Global Gift Certificate Card Market Report Segments:
The global Gift Certificate Card 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)
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
- JCB Gift Card
- AL-FUTTAIM ACE
Highlights of The Gift Certificate Card 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)
- 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 Certificate Card 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?
A gift certificate card is a physical or electronic voucher that can be used to purchase goods or services. The recipient of the gift certificate can use it at any participating business.
Some of the key players operating in the gift certificate card 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, JCB Gift Card, AL-FUTTAIM ACE.
The gift certificate card market is expected to register a CAGR of 9.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Gift Certificate Card 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 Certificate Card Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Gift Certificate Card 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 Certificate Card 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 Certificate Card Market Size & Forecast, 2020-2028
4.5.1 Gift Certificate Card Market Size and Y-o-Y Growth
4.5.2 Gift Certificate Card 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)
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Gift Certificate Card 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 Certificate Card 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)
9.11 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)
10.11 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)
11.11 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)
12.11 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)
13.11 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 Certificate Card Market: Competitive Dashboard
14.2 Global Gift Certificate Card 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 JCB Gift Card
14.3.20 AL-FUTTAIM ACE
