Global Gifts Retailing Market 2024-2028
The gifts retailing market is forecasted to grow by USD 11.01 bn during 2023-2028, accelerating at a CAGR of 2.43% during the forecast period. The report on the gifts retailing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in demand for seasonal decorations and growing gifting culture, growing popularity of private-label brands, and expansion in distribution channels and social media marketing.
Technavio's gifts retailing market is segmented as below:
By Distribution Channel
By Product
- Souvenirs and novelty items
- Seasonal decorations
- Greeting cards
- Giftware
- Others
By Geographical Landscape
- Europe
- North America
- APAC
- South America
- Middle East and Africa
This study identifies the rise in demand for specialized merchandise as one of the prime reasons driving the gifts retailing market growth during the next few years. Also, offering personalized gifts, enhanced customer service, and introduction of customer loyalty programs and rising demand for 3D-printed gifts will lead to sizable demand in the market.
The report on the gifts retailing market covers the following areas:
- Gifts retailing market sizing
- Gifts retailing market forecast
- Gifts retailing market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading gifts retailing market vendors that include Aldi Stores Ltd., Alibaba Group Holding Ltd., Amazon.com Inc., American Greetings Corp., Bed Bath and Beyond Inc., Card Factory PLC, Costco Wholesale Corp., Enesco LLC, Ferns N Petals Pvt. Ltd., Hallmark Card Inc., House of Fraser Ltd., Loop Commerce Inc., Macys Inc., My PET Gift Box Ltd, Penney OpCo LLC, Shutterfly Inc., Spencer Gifts LLC, The Walt Disney Co., Walmart Inc., and Williams Sonoma Inc.. Also, the gifts retailing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. IT presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.