Global Gifts Retailing Market Overview:
A gift means a product purchased for social expression by presenting it to someone. A gift is an item given to someone with no expectation of payment or return. The gift retail market encompasses a wide range of products including souvenirs and novelties, seasonal decorations, greeting cards, gift items, and other products sold through retailers (offline distribution channel) and online retailers. A driver in the market is the increasing demand for seasonal decorations and growing gift culture. The continuous rise in seasonal decorations and the growing gift culture will be the key factors for the growth of the market over the next few years. One trend in the market is the increasing demand for specialty goods. Given the growing demand for novelty and souvenir gifts, providers in the gift card industry are focusing on offering specialized goods. The market for personalized gifts shows a clear distinction between bulk and specialty retailers.
As per latest study released by AMA Research, the Global Gifts Retailing market is expected to see growth rate of 3.6%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (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 |
Influencing Trend:
Growing Demand for Novelty and Souvenir Gifts and Offering Personalized Gifts
Market Growth Drivers:
Rising Number of Occasions and Growing Popularity of the Gifting Culture and Demand for Bulk Purchases from Resellers
Challenges:
Pricing Pressures due to Fierce Market Competition
Restraints:
Stringent Government Rules and Regulation
Opportunities:
Increasing Marketing and Advertising Activities will Boost the Gifts Retailing and Transparency in Maintaining an Efficient Supply Chain
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are 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). Analyst at AMA Research see United States Vendors to retain maximum share of Global Gifts Retailing market by 2030.
Latest Market Insights:
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.
All Canadian provinces have legislation passed to ban expiry dates and fees collected on gift cards. Provincial gift card legislation does not apply to sectors that are regulated under federal laws. For example, gift cards that resemble credit cards (i.e. with Visa, MasterCard, or American Express branding) and phone cards are regulated by the federal government.
What Can be Explored with the Gifts Retailing Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Gifts Retailing Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Gifts Retailing
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Gifts Retailing market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Gifts Retailing market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Gifts Retailing Retailers, Gifts Retailing Industry Associations, Potential Investors, Regulatory Bodies, Resellers and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.