Global Gift Card Market, By Functional Attribute (Open Loop, Closed Loop), Industry Vertical (Retail, Corporate Institutions), Merchant (Restaurants, Departmental Store, Grocery Store/Food Supermarkets, Discount Stores, Coffee Shops, Entertainment, Others), Products (E- Gift Cards, Physical Cards), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
The gift card market is expected to be growing at a growth rate of 14.56% CAGR in forecast period from 2022 to 2029.
Gift card is a type of a debit card which is preloaded so that cardholder can use it for the purchase of goods and services. They also offer options to the users so they can further add funds in them.
The increasing usage of gift cards as marketing tools is the major factor accelerating the growth of the gift card market. Furthermore, growing demand from commercial sectors, increasing trend of e- purchasing, increasing digitalization, and growing trend of gifting culture and technical advancements are also expected to drive the growth of the gift card market. However, growing concern associated with the usage of plastics and risk associated with extra loss of money restrains the gift card market.
In addition, growing adoption in retail industry and advancement in the payment solutions will create ample opportunities for the smart robots market.
This gift card market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on gift card market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Gift Card Market Scope and Market Size
The gift card market is segmented on the basis of functional attribute, industry vertical, merchant, and products. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of functional attribute, the gift card market is segmented into open loop and closed loop.
- Based on industry vertical, the gift card market is segmented into retail and corporate institutions.
- The merchant segment of the gift card market is divided into restaurants, departmental store, grocery store/food supermarkets, discount stores, coffee shops, entertainment and others.
- Product segment of the gift card market is divided into e- gift cards and physical cards.
Gift Card Market Country Level Analysis
The gift card market is segmented on the basis of functional attribute, industry vertical, merchant, and products.
The countries covered in the gift card market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the gift card market due to advancement in the payment solutions. Asia-Pacific region is expected to hold the largest growth rate due growing demand better transactional solutions in the region.
The country section of the gift card market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Gift Card Market Share Analysis
The gift card market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to gift card market.
The major players operating in the gift card market report are First Data, Qwikcilver Solutions Pvt Ltd., NGC US, LLC., Blackhawk Network Holdings, Plastek Card Solutions, Inc., Duracard, TenderCard, TransGate Solutions, Buyatab, Apple Inc., Basic Visual Id Technologies., Creative Cards & Solutions, C. M. M. Info Tech, Prime Plastic Cards., Micro Labels Private Limited., and PSM Cards, among others.
Customization Available : Global Gift Card Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.