LOS ANGELES, PUNE, India and SEOUL, South Korea, July 17, 2018 /PRNewswire/ --
According to the latest market report published by QY Research
titled "Gift Cards Market: Global Industry Analysis, Breakdown Data
by Manufacturers, Key Regions, Types and Application and Forecast
2018-2025."
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The global Gift Cards market was 320
million US$ in 2017 and is expected to 510 million US$ by the end of 2025, growing at a
CAGR of 5.8% between 2018 and 2025.
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.
There is an increasing demand for gift cards in the corporate
sector across the globe. Companies are offering incentives to
employees in the form of gift cards to recognize employees'
contributions and achievements. Approximately 25% to 35% of a
merchant's gift card revenue is driven by B2B sales of gift
cards.
A growing adoption of gift cards in the corporate sector is one
of the primary drivers pushing the global gift card market. Gift
cards are gaining more popularity as compared to gift vouchers
owing to several benefits offered by these cards.
North America is the largest
consumer of gift cards, with a consumption market share of 45.35%
in 2017. The second place is Europe, following North America with the consumption market
share of 25.72% in 2017.
This report studies the Gift Cards market size (value and
volume) by players, regions, product types and end industries,
history data 2013-2017 and forecast data 2018-2025; This report
also studies the global market competition landscape, market
drivers and trends, opportunities and challenges, risks and entry
barriers, sales channels, distributors and Porter's Five Forces
Analysis.
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Geographically, this report is segmented into several key
regions, with sales, revenue, market share and growth Rate of Gift
Cards in these regions, from 2013 to 2025, covering
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia
and Turkey etc.)
- Asia-Pacific (China, Japan,
Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil etc.)
- Middle East and Africa (Egypt
and GCC Countries)
The various contributors involved in the value chain of the
product include manufacturers, suppliers, distributors,
intermediaries, and customers.
The key manufacturers in this market include:
Walmart, Starbucks, Amazon, Home Depot, Carrefour,
Lowes, Best Buy, Macy's,
Sainsbury's, H&M, ITunes,
McDonald, EBay, Netfix and others
By the product type, the market is primarily split
into
- Universal Accepted Open Loop
- E-Gifting
- Restaurant Closed Loop
- Retail Closed Loop
- Miscellaneous Closed Loop
By the end users/application, this report covers the
following segments
- Restaurant
- Deportment Store
- Coffee Shop
- Entertainment (Movie, Music)
- Other
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TOC@ https://www.qyresearch.com/index/toc/574050/global-gift-cards-market
We can also provide the customized separate regional or
country-level reports,
Global Gift Cards Market report includes the estimation of
market size for value (million USD) and volume (M Units). Both
top-down and bottom-up approaches have been used to estimate and
validate the market size of Gift Cards market, to estimate the size
of various other dependent submarkets in the overall market. Key
players in the market have been identified through secondary
research, and their market shares have been determined through
primary and secondary research. All percentage shares, splits, and
breakdowns have been determined using secondary sources and
verified primary sources.
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Available Customizations
With the given market data, QYResearch offers customizations
according to the company's specific needs. The following
customization options are available for the report: Further
breakdown of Gift Cards market on basis of the key contributing
countries. Detailed analysis and profiling of additional market
players.
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