PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535953
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535953
Gift Cards Market - By Type (Closed-loop Gift Cards, Open-loop Gift Cards), By Distribution Channel (Online, Offline), By Form (Virtual, Physical), By Ability to Reload, By Application, By End User & Forecast, 2024 - 2032
Global Gift Cards Market size will capture a 20% CAGR between 2024 and 2032, driven by the increasing demand for personalized and customizable gift card options, coupled with the growing use of gift cards in the hospitality and travel industries. Consumers are seeking unique and tailored gifting solutions, which personalized gift cards provide, while the hospitality and travel sectors leverage gift cards to offer flexible and memorable experiences. This trend boosts market expansion by catering to evolving consumer preferences and integrating gift cards into diverse service areas, enhancing their appeal and utility.
For instance, in July 2023, the Muddler, a luxury pan-Asian restaurant, introduced a digital gift card allowing diners to gift meals from the restaurant. Available exclusively online, the gift cards can be purchased through The Muddler's website. This development highlights the increasing preference for digital gift solutions, enhancing convenience for consumers and expanding market reach. This trend also underscores the importance of seamless, tech-driven experiences in catering to evolving consumer preferences.
The gift cards industry is segmented based on type, distribution channel, form, ability to reload, application, end-user, and region.
The non-reloadable gift cards segment will witness substantial growth throughout 2024-2032, fueled by consumer preference for single-use, preloaded cards that offer a simple and secure gifting solution without the complexity of reloadable options. Non-reloadable gift cards are increasingly popular due to their ease of use and wide acceptance across various retail and online platforms. As more consumers seek hassle-free gifting options, the demand for non-reloadable gift cards will surge, contributing significantly to market expansion.
The hospitality & travel segment will amass remarkable gains by 2032, owing to its growing appeal among consumers seeking flexible and convenient gifting options. With the rebound in travel and leisure activities, gift cards are increasingly used for hotels, airlines, and travel services, offering an attractive alternative to traditional gifts. This segment benefits from the rising trend of experiential gifts and the integration of digital gift cards into booking systems, enhancing customer engagement and driving considerable market growth.
Asia Pacific gift cards market will achieve a moderate CAGR from 2024 to 2032 due to its rapidly growing economy, increasing digital payment adoption, and expanding consumer base. The region's burgeoning middle class, coupled with enhanced retail infrastructure and e-commerce growth, drives high demand for gift cards. Additionally, the proliferation of mobile payment solutions and the rising preference for digital transactions further contribute to this trend. Asia Pacific's dynamic market landscape and consumer trends position it as a notable contributor to the overall growth of the gift cards industry.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360º synopsis, 2021 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Vendor matrix
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news and initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Technological advancements in digital payments
- 3.8.1.2 Rising e-commerce and online shopping trends
- 3.8.1.3 Personalized and customizable gifting options
- 3.8.1.4 Global expansion and cross-border gifting
- 3.8.1.5 Corporate adoption and employee incentives
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 Fraud and security concerns in digital gift card transactions
- 3.8.2.2 Regulatory compliance and market fragmentation
- 3.8.1 Growth drivers
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Type, 2021 - 2032 (USD Billion)
- 5.1 Key trends
- 5.2 Closed-loop gift cards
- 5.3 Open-loop gift cards
Chapter 6 Market Estimates & Forecast, By Distribution Channel, 2021 - 2032 (USD Billion)
- 6.1 Key trends
- 6.2 Online
- 6.3 Offline
Chapter 7 Market Estimates & Forecast, By Form, 2021 - 2032 (USD Billion)
- 7.1 Key trends
- 7.2 Virtual
- 7.3 Physical
Chapter 8 Market Estimates & Forecast, By Ability to Reload, 2021 - 2032 (USD Billion)
- 8.1 Key trends
- 8.2 Non-reloadable gift cards
- 8.2.1 Retail gift cards
- 8.2.2 Promotional cards
- 8.2.3 Incentive cards
- 8.3 Reloadable gift cards
- 8.3.1 General purpose reloadable cards (GPR)
- 8.3.2 Corporate/business cards
- 8.3.3 Teen and student cards
Chapter 9 Market Estimates & Forecast, By Application, 2021 - 2032 (USD Billion)
- 9.1 Key trends
- 9.2 Personal finance
- 9.3 Marketing & promotions
- 9.3.1 E-commerce
- 9.3.2 Fashion & lifestyle
- 9.3.3 Grocery & supermarket
- 9.3.4 Gaming & entertainment
- 9.3.5 Online streaming
- 9.4 Hospitality & travel
- 9.4.1 Dining & restaurant
- 9.4.2 Travel & hotel
- 9.4.3 Spa & wellness
- 9.5 Education
- 9.6 Non-profit & charity
- 9.7 Other applications
Chapter 10 Market Estimates & Forecast, By End User, 2021 - 2032 (USD Billion)
- 10.1 Key trends
- 10.2 Retail consumers
- 10.3 Corporate institutions
Chapter 11 Market Estimates & Forecast, By Region, 2021 - 2032 (USD Billion)
- 11.1 Key trends
- 11.2 North America
- 11.2.1 U.S.
- 11.2.2 Canada
- 11.3 Europe
- 11.3.1 UK
- 11.3.2 Germany
- 11.3.3 France
- 11.3.4 Italy
- 11.3.5 Spain
- 11.3.6 Rest of Europe
- 11.4 Asia Pacific
- 11.4.1 China
- 11.4.2 India
- 11.4.3 Japan
- 11.4.4 South Korea
- 11.4.5 ANZ
- 11.4.6 Rest of Asia Pacific
- 11.5 Latin America
- 11.5.1 Brazil
- 11.5.2 Mexico
- 11.5.3 Rest of Latin America
- 11.6 MEA
- 11.6.1 UAE
- 11.6.2 South Africa
- 11.6.3 Saudi Arabia
- 11.6.4 Rest of MEA
Chapter 12 Company Profiles
- 12.1 Amazon.com Inc.
- 12.2 American Express Company
- 12.3 Apple Inc.
- 12.4 Best Buy Co., Inc.
- 12.5 Blackhawk Network
- 12.6 CVS Health Corporation
- 12.7 Deluxe Card Services
- 12.8 eBay Inc.
- 12.9 Fiserv, Inc.
- 12.10 Givex Corporation
- 12.11 Harmony Gifts
- 12.12 Home Depot, Inc.
- 12.13 InComm Payment LLC
- 12.14 Lowe's Companies, Inc.
- 12.15 Mastercard Incorporated
- 12.16 PayPal, Inc
- 12.17 Paytronic System, Inc
- 12.18 Pine Labs Pvt.
- 12.19 Premier Gift Cards
- 12.20 Qwikcilver Solutions Pvt Ltd
- 12.21 Spectrum Rewards
- 12.22 Starbucks Corporation
- 12.23 Target Corporation
- 12.24 Visa Inc.
- 12.25 Walmart Inc.
