Global Gift Cards Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Type Coverage, By Merchant Coverage, By Price Range Coverage, By End User Coverage, By Geographic Coverage and By Company)
Published Date: Sep 2023 |
Format:
| No. of Pages: 340
The global market for gift cards is predicted to attain the valuation of US$1,897.5 Bn by 2030-end, witnessing a robust CAGR of more than 10% between 2023 and 2030.
A growing number of businesses looking at gift cards as a means to leverage gift card programs for better customer engagement and loyalty. In addition, the consumer preference for personalization of gifting options has been increasing. These factors are primarily driving the growth of the gift cards market.
Amazon, Edenred, Apple, Best Buy, and Blackhawk represent some of the leaders steering the competitive landscape of the global gift cards market space.
Restaurants that account for more than 30% share of the global gift card market will continue to lead, followed by the discount stores segment.
North America accounts for more than 45% share of the global gift cards market. The US leads as the country has a popular gift card culture, and follows a strong gifting custom.
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