Gifts Retailing Market by Product, Distribution Channel

List of Tables

The Gifts Retailing Market was valued at USD 13.36 billion in 2023, expected to reach USD 14.12 billion in 2024, and is projected to grow at a CAGR of 5.88%, to USD 19.94 billion by 2030.

The gifts retailing market encompasses a broad range of products including personalized items, gadgets, luxury commodities, and handmade creations, catering to a wide array of consumer preferences and occasions such as birthdays, weddings, business events, and holidays. This market is driven by the human tendency to express affection and appreciation, thus making gifting a perennial necessity across cultures. Technological advancements like AI and IoT offer innovative applications, facilitating personalized shopping experiences and automated gifting solutions. Online platforms and specialized e-commerce marketplaces enhance the end-use scope, making it easier for consumers to explore various options. A surge in disposable income and evolving consumer aspirations for distinctive, meaningful gifts are key growth factors. Rising consumer preference for sustainable and eco-friendly products presents significant opportunities-retailers must adapt by sourcing ethically and emphasizing green certifications. However, the market faces challenges like economic fluctuations which can reduce consumer spending and cultural shifts that may change gifting priorities. High competition in the realm of global giants and local artisans necessitates a robust differentiation strategy. Limiting factors include logistical hurdles in global shipping and the risk of homogenization through mass production. To achieve growth, businesses should focus on areas like tailored customer experiences using AI-driven insights, sustainable product innovations, and expanding their reach through digital platforms. Innovation should particularly emphasize customization, experience-based gifting, and leveraging AR/VR for immersive shopping experiences. As competition heats up, market entrants and existing players should closely monitor consumer trends, adapt swiftly to changing demands, and invest in personalized marketing strategies. The dynamic nature of the gifts retailing market necessitates agility, continual market research, and embracing technological integrations to stay ahead and meet evolving consumer preferences effectively.

KEY MARKET STATISTICS
Base Year [2023]	USD 13.36 billion
Estimated Year [2024]	USD 14.12 billion
Forecast Year [2030]	USD 19.94 billion
CAGR (%)	5.88%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Gifts Retailing Market

The Gifts Retailing Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Rise in festival celebrations and demand for gifts among population
- Growing presence of eCommerce and online gifting platforms
- Higher demand from corporate and promotional events
Market Restraints
- Issues associated with timely delivery and rising freight costs
Market Opportunities
- Growing trend of personalized and customized gifts
- Emergence and adoption of eco-friendly gift options
Market Challenges
- Growing inclination toward DIY and handmade gifts

Porter's Five Forces: A Strategic Tool for Navigating the Gifts Retailing Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Gifts Retailing Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Gifts Retailing Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Gifts Retailing Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Gifts Retailing Market

A detailed market share analysis in the Gifts Retailing Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Gifts Retailing Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Gifts Retailing Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Gifts Retailing Market

A strategic analysis of the Gifts Retailing Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Gifts Retailing Market, highlighting leading vendors and their innovative profiles. These include Ad Populum, LLC, Aldi Stores, Alibaba Group Holding Limited, Amazon.com Inc., American Greetings Corp., Archies Limited, Bed Bath and Beyond Inc., Card Factory PLC, Costco Wholesale Corp., FNP E Retail Private Limited, Gift Smack Gift Company, Gift Universe Group, Hallmark Cards, Inc., House of Fraser Ltd., Loop Commerce, Inc., Macys Inc., My Pet Gift Box Ltd, Penney OpCo LLC, Shutterfly Inc., Spencer Gifts LLC, The Walt Disney Company, UK Greetings Ltd, Walmart Inc., and Williams Sonoma Inc..

Market Segmentation & Coverage

This research report categorizes the Gifts Retailing Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Product, market is studied across Greeting Cards, Seasonal Decorations, and Souvenirs & Novelty Items.
Based on Distribution Channel, market is studied across Offline and Online.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-69324464D054

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rise in festival celebrations and demand for gifts among population
  - 5.1.1.2. Growing presence of eCommerce and online gifting platforms
  - 5.1.1.3. Higher demand from corporate and promotional events
- 5.1.2. Restraints
  - 5.1.2.1. Issues associated with timely delivery and rising freight costs
- 5.1.3. Opportunities
  - 5.1.3.1. Growing trend of personalized and customized gifts
  - 5.1.3.2. Emergence and adoption of eco-friendly gift options
- 5.1.4. Challenges
  - 5.1.4.1. Growing inclination toward DIY and handmade gifts
5.2. Market Segmentation Analysis
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Gifts Retailing Market, by Product

6.1. Introduction
6.2. Greeting Cards
6.3. Seasonal Decorations
6.4. Souvenirs & Novelty Items

7. Gifts Retailing Market, by Distribution Channel

7.1. Introduction
7.2. Offline
7.3. Online

8. Americas Gifts Retailing Market

8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific Gifts Retailing Market

9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa Gifts Retailing Market

10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape

11.1. Market Share Analysis, 2023
11.2. FPNV Positioning Matrix, 2023
11.3. Competitive Scenario Analysis
11.4. Strategy Analysis & Recommendation

Companies Mentioned

1. Ad Populum, LLC
2. Aldi Stores
3. Alibaba Group Holding Limited
4. Amazon.com Inc.
5. American Greetings Corp.
6. Archies Limited
7. Bed Bath and Beyond Inc.
8. Card Factory PLC
9. Costco Wholesale Corp.
10. FNP E Retail Private Limited
11. Gift Smack Gift Company
12. Gift Universe Group
13. Hallmark Cards, Inc.
14. House of Fraser Ltd.
15. Loop Commerce, Inc.
16. Macys Inc.
17. My Pet Gift Box Ltd
18. Penney OpCo LLC
19. Shutterfly Inc.
20. Spencer Gifts LLC
21. The Walt Disney Company
22. UK Greetings Ltd
23. Walmart Inc.
24. Williams Sonoma Inc.