The article cited AMA's Global Gifts Retailing Market Study explored substantial growth with CAGR of 3.6%. According the report, Growing Demand for Novelty and Souvenir Gifts
is one of the primary growth factors for the market. Rising Number of Occasions and Growing Popularity of the Gifting Culture
is also expected to contribute significantly to the Gifts Retailing market. Overall, Online Retail
applications of Gifts Retailing, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as American Greetings Corporation (United States), Card Factory (United Kingdom), Disney (United States), Hallmark Licensing, LLC. (United States), Spencer Gifts LLC (United States) and National Gift Card Corp. (United States) may see astonishing sales in this Market and certainly improve revenue growth.
AMAs Analyst on the Global Gifts Retailing market identified that the demand is rising in many different parts of the world as "Increasing Marketing and Advertising Activities will Boost the Gifts Retailing
". Furthermore, some recent industry insights like "in Jun 2023, Uncommon Goods introduced a collection of subscription boxes curated around specific themes and interests. This aimed to offer customers a convenient and curated gift-giving experience." is constantly making the industry dynamic. One of the challenges that industry facing is "Pricing Pressures due to Fierce Market Competition"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Gifts Retailing market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Gifts Retailing market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Gifts Retailing market tight? Which application/end-user category or Product Type [Souvenirs and Novelty, Seasonal Decorations, Greeting Cards, Giftware and Others] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Gifts Retailing market and other related sub-markets covered in the study.
o Key & emerging players in the Gifts Retailing market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Gifts Retailing market size is calculated using market estimation process, the Gifts Retailing market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Gifts Retailing market size has been validated using both top-down and bottom-up approaches.