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Gift Card - Global Market Trajectory & Analytics

  • ID: 5029879
  • Report
  • April 2021
  • Region: Global
  • 290 pages
  • Global Industry Analysts, Inc
Global Gift Card Market to Reach $2.7 Trillion by 2027

Amid the COVID-19 crisis, the global market for Gift Card estimated at US$1 Trillion in the year 2020, is projected to reach a revised size of US$2.7 Trillion by 2027, growing at a CAGR of 14.5% over the analysis period 2020-2027. Universal Accepted Open Loop, one of the segments analyzed in the report, is projected to record a 15.4% CAGR and reach US$747.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the E-Gifting segment is readjusted to a revised 15.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $278.8 Billion, While China is Forecast to Grow at 19% CAGR

The Gift Card market in the U.S. is estimated at US$278.8 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$608.1 Billion by the year 2027 trailing a CAGR of 18.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.3% and 12.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 11.4% CAGR.

Restaurant Closed Loop Segment to Record 14.6% CAGR

In the global Restaurant Closed Loop segment, USA, Canada, Japan, China and Europe will drive the 13.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$193.7 Billion in the year 2020 will reach a projected size of US$474.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$404.8 Billion by the year 2027, while Latin America will expand at a 16.2% CAGR through the analysis period.

Select Competitors (Total 41 Featured):
  • Amazon.com, Inc.
  • Apple, Inc.
  • Best Buy Company, Inc.
  • Carrefour Group
  • eBay Inc.
  • H&M Hennes & Mauritz Retail Pvt. Ltd.
  • Home Depot, Inc.
  • J Sainsbury plc (Sainsbury's Gifts)
  • Lowe's Companies, Inc.
  • Macy's, Inc.
  • McDonald's Corporation
  • Netflix, Inc.
  • Starbucks Corporation
  • Wal-Mart Stores, Inc.
Note: Product cover images may vary from those shown

  • Influencer Market Insights
  • Impact of Covid-19 and a Looming Global Recession

  • Total Companies Profiled: 41
Note: Product cover images may vary from those shown