Global Gift Cards Market Growth 2023-2029

Global Gift Cards Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Gift Cards Industry Forecast” looks at past sales and reviews total world Gift Cards sales in 2022, providing a comprehensive analysis by region and market sector of projected Gift Cards sales for 2023 through 2029. With Gift Cards sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Gift Cards industry.

This Insight Report provides a comprehensive analysis of the global Gift Cards landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Gift Cards portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Gift Cards market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Gift Cards and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Gift Cards.

The global Gift Cards market size is projected to grow from US$ 405720 million in 2022 to US$ 641930 million in 2029; it is expected to grow at a CAGR of 641930 from 2023 to 2029.

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.

This report presents a comprehensive overview, market shares, and growth opportunities of Gift Cards market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Universal Accepted Open Loop

E-Gifting

Restaurant Closed Loop

Retail Closed Loop

Miscellaneous Closed Loop

Segmentation by application

Restaurant

Retail

Coffee Shop

Entertainment

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Gift Cards market?

What factors are driving Gift Cards market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Gift Cards market opportunities vary by end market size?

How does Gift Cards break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.