Industry Background:
Personalized gifts have become a huge player in the gift-giving world. Personalized gifts can be gifted to almost anyone, women, men, kids, the elderly, and so on because special things are meant for everybody. So if you are wondering about going that extra mile and making those gifts you have in mind personalized, we are here to tell you: go for it!. This is what a personalized gift does – ascertain a connection, celebrate it, and make it strong with time and gifts to give a present with a unique touch.This growth is primarily driven by Increasing gifting culture and increasing demand for seasonal decorations
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Leisure Products sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as American Greetings (United States), Hallmark (United States), Spencer Gifts (United States), Card Factory (United Kingdom), Zazzle (United States), Etsy (United States), Signature gifts (United Kingdom) and Red Bubble (Australia), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In August 2019 PlanetArt, LLC United States Based company has announced its acquisition of Personal Creations for 18M USD. By adding new gifts dimension to its personalized products platforms.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Influencing Trend:
The shifting inclination of vendors towards providing eco-friendly personalized gifts will significantly aid market growth over the forecast period.
Market Growth Drivers:
Increasing gifting culture and increasing demand for seasonal decorations and Increasing Adoption during the Occasions and Festivals
Challenges:
Substitute availability of personalized gifts
Restraints:
High-Cost associate with Personalized gifts
Opportunities:
Advancements in new technology resulted in the development of innovative products and are considered to be more appealing to the consumers
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Personalized Gifts Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Personalized Gifts Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Personalized Gifts players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Personalized Gifts Study Sheds Light on
The Personalized Gifts Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Personalized Gifts industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Personalized Gifts industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.